In 2021 , Holyoak offers a coupon for $ 15 off qualifying purchases of its new line of products Holyoak sold 11,000 of these products during the year By year - end of 2021 , 8,100 coupons had be $ 15 reduction of purchase price provided to customers Holyoak's historical experience with such coupons indicates that 80 % of customers use the coupon Holyoak recognizes coupon expense are issued What is the expense that Holyoak should report for its promotional coupons in its 2021 income statement ? Choice 132,000 121,500 165,000 132.500

Q: WHAT IS THE PURPOSE OF A STATEMENT OF CASH FLOWS? A. TO ANALYSE CHANGES IN EQUITY B. TO SHOW THE…

A: Cash flow Statement is a statement which help in analysing changes in cash and cash equivalents. It…

Q: The Office of the Auditor General is mandated to conduct audits of all public institutions in…

A: Introduction The responsibility of conducting independent audits in line with accepted,…

Q: Ted Lozano is a cost accountant for Company C. Fred Lopez, Vice President of Marketing, has asked…

A: An accountant, whether managerial, financial or cost accountant, should maintain certain ethics in…

Q: Which of the following costs are NOT variable? Cost 2. 1. $100,000 $300,000 3. 10,000 Units 4.…

A: The correct answer is: (C) only 3  i.e the cost which remains the same at both 10,000 units and…

Q: Tromp Limited is an investment company that purchases buildings and holds them for a number of…

A: As per IAS-40" Investment property"- A property is to be treated as an Investment property if it is…

Q: A company believes that its demand for the next six months is as​ follows:…

A: The production table refers to the collection of data that are related to the business products…

Q: Ken Jones is the purchasing agent for Werner and his uncle owns a retail hardware store. Jones…

A: Internal control system Internal controls are primarily used to protect organizations and advance…

Q: Why may it be necessary to revise the estimated life of a plant asset? When the estimated life is…

A: Estimated life of a plant asset means the expected useful life of the asset used in the revenue…

Q: A financial analyst for Simon Manufacturing prepared the following report: Customers Customer-…

A: Cumulative Operating Income means the net income of the Borrower and its Subsidiaries plus…

Q: Dorati Inc. is considering two mutually exclusive projects. Dorati used a 15% required rate of…

A: Net present value (NPV) is the difference between the present value of cash inflows and the present…

Q: Items CURRENT ASSETS Inventories Accounts receivable August 2, 780,000 2,700,000 September 2,030,000…

A: Cash flow statement: This statement lists every cash inflow and outflow for a specific time period.…

Q: Asset turnover (ATO) is measured by Revenue/Average total assets. Assume ATO is currently 1.5 times…

A: Since multiple questions have been posted, as per the guidelines only the first question will be…

Q: PGL Corporation has a credit sale of $ 240,000 in 2018. The company estimates that 9 % of its credit…

A: Bad debts expense: Bad debts expense is recognized in the books of the company when a debtor is…

Q: How does a recipient not-for-profit entity record the receipt of a gift that will be transferred…

A: A not-for-profit organization, often known as an NFPO, is an organization that does not generate a…

Q: Natalie is also thinking of buying a van that will be used only for business. The cost of the van is…

A: Business entities charge the depreciation expense so that the assets in the books of accounts are…

Q: Data for Barry Computer Co. and its industry averages follow. The firm's debt is priced at par, so…

A: Introduction:- Ratio analysis used identify the business performance of the company. It is used to…

Q: The net sale of a company is estimated to be SAR 384,000. How much will be the accounts receivable…

A: The ratio analysis helps to analyse the financial statements of the business. The account…

Q: 2a) You have an account at Bank A. Your last balance statement, which you can see on your bank…

A: Beginning Balance = $520 Deposits = $3120 Withdrawals = $750 Bill Transfers = 2300 + 180 = $2480…

Q: Select one: O A. Future orientated focus O B. Stewardship orientation focus O C. Focus on detailed…

A: Management accounting is one of new branch of accounting and now has become very important now days…

Q: 2. Refer to the data in case B above. In this case, there will be no savings in variable selling…

A: This is a standalone question, and cannot be considered a follow up question. Division X has a…

Q: On May 21, 2014, a fire destroyed the entire merchandise inventory on hand of Natural Corporation.…

A: Estimated inventory is the amount of goods which are not sold and still held with the entity and…

Q: Scrimiger Paints wants to upgrade its machinery and on September 20 takes out a loan from the bank…

A: Interest  When money is borrowed from a lender, interest is the fee charged. Interest is a fee that…

Q: California Orchards reports the following sales data for the year ended December 31. Grade of…

A: In case there are joint costs than they are allocated on the some basis that may be volume of sales…

Q: ould you tell me the Implied cash flow from the changes in inventory, receivables and payables…

A: A financial document called the cash flow statement (CFS) outlines the inflow and outflow of a…

Q: Mayer sold his residential house and lot located in Manila on January 5, 2018 for P8,000,000.00. The…

A: Capital gain: Capital gain is the excess of selling price over the cost of the asset. Capital gain…

Q: Ques. Lakeside Enterprises bought $1,800,000 for a copper mine on January 1, 2022. The business…

A: INTRODUCTION: Depletion costs are the cost of extracting natural resources. Natural resource…

Q: Lemur Corp. is going to pay three employees a year-end bonus. The amount of the year-end bonus and…

A: Tax liability is the total amount of tax debt owed to government by an individual, corporation or…

Q: Primare Corporation has provided the following data concerning last month's manufacturing…

A: INTRODUCTION: The cost of goods manufactured is the cost given to manufactured units in a fiscal…

Q: Stamos Enterprises purchased land, building, and equipment for $2,400,000. The land has been…

A: INTRODUCTION: The equipment is considered a permanent asset of the company organization and is used…

Q: Garfield Corporation expects to sell 1,600 units of its pet beds in March and 600 units in April.…

A: Purchases are budgeted on the basis of estimated sales, required ending inventory and beginning…

Q: You have been hired to prepare a Statement of Comprehensive Income for the year ended 31st December…

A: Financial statements refers to those statements prepared at the end of a period which represent the…

Q: Irwin is a resident of Wyoming. He sold real estate located in North Carolina to Bethany, LLC, an…

A: Explanation : Foreclosure is the legal process by which a lender attempts to recuperate the sum owed…

Q: Takeout Limited is a diversified company involved in a wide range of activities in the food take…

A: Intangible assets is an asset with no physical form. Its a long term assets that accrues value over…

Q: At the end of September 2005, Burgess Ltd. Had a bank balance of $275,000. Cash budgeting is…

A: Cash Budget A cash budget is a forecast of a company's free cash flow over a given time frame. The…

Q: June 30, depreciation expense, 3900 was wrong, I tried. June 30, for the "record sale of computer"…

A: Date Account Titles and Explanation Debit  Credit Jun-30 Depreciation expenses 3900…

Q: The following information relating to the year ending 30 June 2023 for Penrith Ltd has been obtained…

A:

Q: Vaughn Family Instruments makes cellos. During the past year, the company made 6,540 cellos even…

A: Given, Actual rate = $20 per hour Actual rate was $0.50 higher than standard rate   Standard rate =…

Q: Edmund Supplies Company sold 3,170 metal connectors on account to Door Incorporated for $200 each on…

A: Introduction: Each business transaction should pass journal entry by showing debit side and credit…

Q: Requirement: 3) Compute the unit factory cost using the traditional absorption costing system. b)…

A: Traditional costing method is a simple method of alloction of overheads at a specified rate mostly…

Q: Prepare a Statement of Financial Position with the information given

A: The question deals with accounting for not for profit organisations.  Statement of financial…

Q: Dinham Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one…

A: Spending variance is the difference between the actual cost incurred and the budgeted cost.

Q: PB1. 7.2 Lens & Shades sells sunglasses for $37 each and is estimating sales of 21,000 units in…

A: A budget is a plan you write down to decide how you will spend your money each month. A budget helps…

Q: government accounting

A: Government accounting is centered on scientific and systematic recording of government expenditures…

Q: Determining missing items in return and residual income computations Data are presented in the…

A: ROI=Net income/ Operating assets     Dollar=Average Operating Assets * Minimum ROI Residual…

Q: 2. You lab is going to start offering a new procedure. Here is the information you have about the…

A:

Q: A machine was acquired by Dee Limited which needs a specialised software in order to operate.…

A: Introduction:- Assets are resources (property) presented in the balance sheet because for it an…

Q: Party Supply is trying to decide if they should continue its costume segment. The information shown…

A: Profit is the money that remains after all expenses for your business have been paid. Gross profit,…

Q: What is the cafeteria’s labor cost percentage for June?         What is the cafeteria’s labor…

A: Cafeteria’s labor cost percentage for June = Labor cost/ Sales * 100 Cafeteria’s labor cost…

Q: Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns…

A: MERCHANDISE PURCHASED = MERCHANDISE - RETURN ALLOWANCE = $13,200 - $1,300 = $11,900   = MERCHANDISE…

Q: h-capacity machine has cash expenses of $10,000 per month, while the alternative has cash expenses…

A: At accounting operating profit break-even point , the total cost under both the options are the…