Business, 18.10.2019 04:30 hurie98

The easy pack company includes one coupon having no expiration date with its deluxe snack pack. upon return of 10 coupons, easy pack will send a silver chip clip, which costs easy pack $1.50 each. past experience indicates that 30% of coupons issued will be redeemed. easy pack began this promotion in 2017 and sold 1,000,000 deluxe snack packs. during 2017, 90,000 coupons were received and 9,000 chips clips were distributed to customers. the december 31, 2017, balance sheet should include a liability for coupons outstanding of:

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The easy pack company includes one coupon having no expiration date with its deluxe snack pack. upon...

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