How much is the Unearned Revenue for Unredeemed Premiums at December 31, 2021? 2. How much is the Total Revenue to be recognized in 2021?
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Beautiful Company started a new promotional program in 2021. For every 10 bottle caps returned to Beautiful, customers receive a basketball. The company estimates that only 60% of the bottles reaching the market will be redeemed. The basketball costs P100 and can be sold separately at P150. Additional information is as follows (see image below).
1. How much is the Unearned Revenue for Unredeemed Premiums at December 31, 2021?
2. How much is the Total Revenue to be recognized in 2021?
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- mheducation.com/ext/map/index.html?_con%3Dcon&external_browser-D0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252 ework: Assignment 1 Saved Income statements for Thornton Company for Year 3 and Year 4 follow: THORNTON COMPANY Income Statements Year 3 $201,300 $181,300 Year 4 Sales Cost of goods sold Selling expenses Administrative expenses 000'T 000'tZI 20,500 18,500 009'ZI 009 5T 3,300 $179,400 5,300 $159, 400 Interest expense Total expenses Income before taxes 006'29 006'1 Income taxes expense 6,200 005'E Net income $ 15,700 $ 18,500 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4 b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Complete this question by entering your answers in the tabs below. Required A Required B the nercentage change in each income statement component between Year 3 and YearIvanhoe Company operates a small factory in which it manufactures two products: C and D. Production and sales results for last year were as follows. Units sold Unit selling price Unit variable costs Unit fixed costs C 8,900 19,500 $93 $77 52 D 21 40 21 For purposes of simplicity, the firm averages total fixed costs over the total number of units of C and D produced and sold. The research department has developed a new product (E) as a replacement for product D. Market studies show that Ivanhoe Company could sell 11,700 units of E next year at a price of $113; unit variable costs of E are $42. The introduction of product E will lead to a 12% increase in demand for product C and discontinuation of product D. If the company does not introduce the new product, it expects next year's results to be the same as last year's.Compute for total cost of purchases. *P1,840,000P1,800,000P1,675,000P1,600,000
- * CengageNOWv2 | Online teachin x S Module Three Assignment - ACC cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre. * O eBook Show Me How Determining Cost of Goods Sold For a recent year, Best Buy (BBY) reported sales of $39,528 million. Its gross profit was $9,191 million. What was the amount of Best Buy's cost of goods sold? (Enter answer in millions.) million Previous Next Check My Work 6:38 45°F 11/13Purchases S250,000 Cost of goods sold 250,000 Beginning balance 30,000 Ending balance ?How do i create an NPV graph on excel using these data: Unit Sale NPV 1,000,000.00 - 2,952,452.00 1,500,000.00 - 2,001,492.00 2,000,000.00 - 1,050,533.00 2,500,000.00 - 384,861.00 2,789,077.17 - 3,000,000.00 280,811.00 3,500,000.00 946,482.00 4,000,000.00 1,612,154.00 4,500,000.00 2,277,826.00
- What is the total cost of the purchases? a. P1,425,000 b. P1,550,000 c. P1,675,000 d. P1,625,000A ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser=0&launchUrl=https%253A%252F%252Fblackboard.american.edU Saved CH 9 Concept Overview Videos Required Information Cost of Goods Sold Accounts Payable Turnover Average Accounts Payable Company Is paylng suppllers In a timely manner 0.38 High accounts payable ratio polnts eBook Print Knowledge Check 01 Roberts Company reported the following information: References Accounts Payable: Beginning of year End of year Net sales 75,000 125,000 1,600,000 800,000 Cost of goods sold What is the company's accounts payable turnover ratio? (Round your answer to 1 decimal place.) Accounts payable turnover ratio %24What is the net income for the year if the net revenue from by-product is treated as deduction from the cost of goods sold? Group of answer choices d. P118,000 b. P230,000 a. P200,000 c. P218,000
- * CengageNOWv2| Online teachir X * CengageNOWv2 | Online teachin x +. now.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre. * D eBook Show Me How Vertical Analysis Income statement information for Einsworth Corporation follows: Sales $337,000 Cost of goods sold 101,100 Gross profit 235,900 Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number. Einsworth Corporation Vertical Analysis of the Income Statement Amount Percentage Sales $337,000 Cost of goods sold 101,100 $235,900 % Gross profit Previous Nex Check My Work 67°F Sunny iort sc delete home PA0 1A4 4+ 4- backspaceExercise ER The Income statement of Vince Gill Company Is shown below. VINCE GILL COMPANY INCOME STATENENT FOR THE YEAR ENDED DECENBER 31, 2020 $6,900,000 Sales revenue Cost of goods sold Purchases uauanur Bபrப்பம்Sg: 000 0000 Goods available for sale 6,300,000 Ending Inventory Cost of goods sold 4,700,000 Gross profit Operating expenses Selling expenses Administratve expenses ఈ50,000 700,000 1,150,000 $1,050,000 Net Income. Additional Information: 1. Accounts recelvable decreased $360,000 durIng the year. 2. Prepald expenses Increased S170,000 during the year. 3. Accounts payable to suppliers of merchandise decreased S275,000 during the year. 4. Accrued expenses payable decreased $100,000 durIng the year. 5. Administrative expenses Include depredatlon expense of $60,000. Prepare the operating activities secton of the statement of cash flows for the year ended December 31, 2020, for Vince Gill Company, using the Indirect method parenthesis e.g. (15,000 VINCE GILL COMPANY Statement of…PROBLEM 2Determine the missing elements of the Income Statement. Replace the letters with your answers.The partial income statements of five different companies are as follows: 12345 Net SalesAD250,000290,000400,000 Merchandise Inventory, 1/1/2020B50,00070,000J120,000 Net Cost of Purchases80,000EG160,000390,000 Goods Available for Sale110,000160,000HKM Merchandise Inventory, 1/1/202040,000F30,00070,000N Cost of Goods SoldC140,000230,000L380,000 Gross Profit50,00040,000I160,000O