Please help asap!!! For many years, Pepsi has aligned itself with the NFL Super Bowl and its halftime show. The stadium is covered with Pepsi advertisements and retail stores carry point-of-purchase displays suggesting PepsiCo products be consumed while watching the game. Which type of consumer sales promotion is best exemplified by Pepsi? For many years, Pepsi has aligned itself with the NFL Super Bowl and its halftime show. The stadium is covered with Pepsi advertisements and retailstores carry point-of-purchase displays suggesting PepsiCo products be consumed while watching the game. Which type of consumer salespromotion is best exemplified by Pepsi?O SweepstakesO SponsorshipO PremiumO Sampling

Sweepstakes: A type of promotion where consumers are given a chance to win a prize by entering a…

Answered: For many years, Pepsi has aligned…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Scenario: Joe Babbitt, a former executive of T-Mart, just started a term as mayor of Saulk Center. For the past several days, he has been looking for a way to keep his campaign promise to increase services without raising taxes or service charges. While lunching at the country club with the treasurer of T-Mart, the subject of a recent sale and leaseback of one of T-Mart’s stores came up. Following a common practice in retailing, T-Mart had erected a building and sold it to an investor. It then signed a long-term lease on the building. “Bingo! That’s it,” thought Mayor Babbitt. “We can sell several of the city’s buildings—as well as police cars, fire engines, and other vehicles—to investors and lease them back. That will give us the revenues we desperately need. Now I can concentrate on fighting crime.” Question: Do you agree with Mayor Babbitt?
Freesure Company manufactures and sells commercial refrigerators. It is currently running a promotion in which it pays a $500 rebate to any customer that purchases a refrigeration unit from one of its participating dealers. The rebate must be returned within 90 days of purchase. Given its historical experience and the ease of obtaining a rebate, Freesure expects all qualifying customers to receive the rebate. Required: Prepare the journal entry to record the sale of a refrigerator to a participating dealer for $6,000.

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