The NULL Corp. is engaged in a sales promotion, giving a rebate of P4.00 for every food boxreturned. It is estimated that 80% of the food boxes will be returned and receive the rebate.Included in the promotion and sold are 50,000 boxes with a selling price. Of P1,250,000.Rebates already given amounted to P48,000.How much is the remaining liability?a. 160,000b. 152,000c. 112,000d. 48,000

Estimated total liability = no. of boxes sold x 80% x rebate per box = 50000 x 80% x P4 = P160,000

Answered: The NULL Corp. is engaged in a sales…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 10MC

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