Ayayai Company includes one coupon in each box of soap powder that it packs, and 10 coupons are redeemable for a premium (a kitchen utensil). In 2020, Ayayai Company purchased 8,600 premiums at 80 cents each and sold 106,000 boxes of soap powder at $3.20 per box; 43,300 coupons were presented for redemption in 2020. It is estimated that 60% of the coupons will eventually be presented for redemption.
Prepare all the entries that would be made relative to sales of soap powder and to the premium plan in 2020.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Ayayai Company includes one coupon in each box of soap powder that it packs, and 10 coupons are redeemable for a premium (a kitchen ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
As a human resources manager three selection measures you could use to select your targeted employees in 5star international resort.
Answers (1)
According to Cloward and Ohlin, which type of gang emerges in areas where conventional and illegitimate values and behavior are integrated by a close connection of illegitimate and legitimate businesses? a. conflict gangs b. criminal gangs c.
Answers (1)
What do economics call the things that firms sell which cannot be touched or seen?
Answers (1)
The founder of the Holiday Inn chain of hotels started the business after noting the inconsistency of independently owned hotels.
Answers (1)
Isaiah leads a training and development team. He expects excellence, sets challenging goals, and expresses confidence that all team members are capable of doing their part to meet and exceed the goals.
Answers (1)
New Questions in Business
The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to
Answers (1)
13) Suppose that there is a positive aggregate demand shock and the central bank commits to an inflation rate target. If the commitment is credible, then A) the short-run aggregate supply curve will not shift.
Answers (1)
An annuity Question 6 options: is a debt instrument that pays no interest. is a stream of payments that varies with current market interest. is a level stream of equal payments through time. has no value. None of the above.
Answers (2)
The price of a mango is $2 and a farmer sells 2,000 mangos. However, the costs to the farmer are $400 for labor, $1,600 for rent, and $2,000 for advertising.
Answers (1)
Describe a company that has gotten publicity from the news media. Why did the company get publicity? Was it positive or negative publicity?
Answers (1)