Here is a small part of the order book for Mesquite Foods: Bid Ask Price Size Price Size $ 102 230 $ 102.50 460 $ 101.50 460 $ 102.80 460 $ 100 920 $ 103 820 $ 98.80 690 $ 103.50 790 a. Georgina Sloberg submits a market order to sell 230 shares. What price will she receive? Price b. Norman Pilbarra submits a market order to buy 920 shares. What is the maximum price that he will pay? Note: Round your answer to 2 decimal places. Maximum price
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- Victoria Company sells bedsheets for P3,000 per set. There is a promotion wherein if a customer buys 4 sets in a single transaction, the customer receives a coupon for one additional set for free. Customers should go to the entity's website, fill out a request form, input the coupon number and submit online before the expiration date. It is expected that 80% of the coupons will be redeemed. During 2021, the entity sold 1,000 sets at P3,000 per set or P3,000,000. During 2022, the entity delivered 75 free additional sets. Required: 1. Compute the stand-alone price of the coupons. 2. Allocate the transaction price to the products sold and the coupons. 3. Prepare journal entries for 2021 and 2022. 4. Compute the deferred revenue from coupons on December 31, 2022.Victoria Company sells bedsheets for P3,000 per set. There is a promotion wherein if a customer buys 4 sets in a single transaction, the customer receives a coupon for one additional set for free. Customers should go to the entity's website, fill out a request form, input the coupon number and submit online before the expiration date. It is expected that 80% of the coupons will be redeemed. During 2022, the entity sold 1,000 sets at P3,000 per set or P3,000,000. During 2023, the entity delivered 75 free additional sets. Compute the deferred revenue from coupons on December 31, 2023.ABC Company includes 1 coupon in each box of coffee it sells. A planner is offered as a premium to customers who send in 10 coupons and a remittance of P10. Distribution cost of premium is P5. Experience indicates that only 30% of the coupons will be redeemed. Boxes of coffee sold: 2022 - 800,000; 2023 - 1,000,000 No. of planners purchased at P150 each: 2022 - 20,000; 2023 - 32,000 Coupons redeemed: 2022 - 160,000; 2023 - 280,000 What is the premium expense for 2022?
- As part of the employment interview for an accounting job at Sound Design, you have been asked to answer the questions below, based on an invoice from one of Sound Design's vendors, Target Electronic Wholesalers. Invoice Stock # Description Unit Price Amount 4811V Stereo Receivers 50 ✕ $291.50 = _______________________ 511CX Blu-Ray Players 25 ✕ $139.28 = _______________________ 6146M Home Theater Systems 40 ✕ $659.12 = _______________________ 1031A LCD TVs 20 ✕ $598.00 = _______________________ Merchandise Total _______________________ Insurance + Shipping $1,250.00 Invoice Total _______________________ An invoice. The top of the invoice is divided into several distinct sections. The first section is located in the top left of the invoice, is unlabeled, and contains an image of a target with an arrow in the center of the target. The second section is located in the top center of the invoice, is unlabeled,…Give only typing answer with explanation and conclusion An online store holds a sale. Of the 400 customers who make purchases during the sale, 80 use a coupon. What percent of the customers do not use a coupon?Sales promotions Assume that Stacey Bauer clipped from a newspaper advertisement a coupon for $2 off any 20" pizza from Rosa & Gene's Pizzeria. Stacey ordered a 20" pizza with three toppings for $18.75. When the pizza arrived, Stacey gave the delivery person $20. a. How much change should Stacey receive from the delivery person? Round your answer to two decimal places. b. How much would Rosa & Gene's Pizzeria record for the sale of the pizza to Stacey? Round your answer to two decimal places. c. Did Rosa & Gene's Pizzeria incur a liability when it placed the $2-off coupon advertisement in the newspaper?
- ABC Company includes one coupon in each box of coffee it sells. A planner is offered as a premium to customers who send in 10 coupons and a remittance of P10. Distribution cost of premium is P5. Experience indicates that only 30% of the coupons will be redeemed.Use the information for the next four (4) questions. BCD Company included one coupon in each box of cereal sold. A bowl was offered as a premium to customers who send in 15 coupons and a remittance of P15. Distribution cost of premium is P7.5. Experience indicated that only 30% of the coupons will be redeemed. 2020 2021 Boxes of cereal sold 3,000,000 3,750,000 Number of bowls purchased at P75 each 75,000 120,000 Coupons redeemed 600,000 1,050,000 A.) What is the premium expense for 2020? B.) What is the premium liability on December 31, 2020? C.) What is the premium expense for 2021? D.) What is the premium liability on December 31, 2021?Use the information for the next four (4) questions. ABC Company included one coupon in each box of cereal sold. A bowl was offered as a premium to customers who send in 15 coupons and a remittance of P15. Distribution cost of premium is P7.5. Experience indicated that only 30% of the coupons will be redeemed. 2020 2021 Boxes of cereal sold 3,000,000 3,750,000 Number of bowls purchased at P75 each 75,000 120,000 Coupons redeemed 600,000 1,050,000 1. What is the premium expense for 2020? 2. What is the premium liability on December 31, 2020? 3. What is the premium expense for 2021? 4. What is the premium liability on December 31, 2021?
- A. Solve the following (round off 2 decimal places): 1. How much is the discount for an item with a list price of P13,500 subject to a 15% discount? What is the net price? 2. A cabinet listed at P14,000 is sold to a retailer at 14.7% discount. Find the amount of trade discount and the net price. al dinning sets at the s 3. Two suppliers offer identical dinning sets at the same list price. However, Company A gives trade discount series of 15%, 10 %, and 10% while Company B offers 20%, 10%, and 5%. Which is a better discount for the buyer? 4. Yuki bought a notebook set for P250. She spent P20 for transportation fee. She sold her notebook for P260. a. How much is the profit or loss? b. What is the profit/loss percent? VICI VEswiftly company has an offer to purchase 120seeds for $120. 220seeds for $170 or 320seeds for 195. this offer includes aMalaika Ltd buys and sells product Q-3. It values sock on the basis of last in first out (LIFO). At 1 June 2021, stock in hand consisted of 4,500 units which were acquired at Sh.50 per unit. The operations for the month were as follows: Date Purchases Sales June1 5,000 @ Sh 48 4 6,000 @ Sh 60 5 5,500 @ Sh 49 7 4,000 @ Sh 50 11 7,000 @ Sh 61 12 5,000 @ Sh 50 13 6,000 @ Sh 47 18 7,000 @ Sh 62 19 8,000 @ Sh 64 20 6,000 @ Sh 49.50 21 5,000 @ Sh 65 22 7,000 @ Sh 50 25 6,000 @ Sh 49 26 2,000 @ Sh 47 28 500 @ Sh 60 29 14,000 @ Sh 64 The company incurred operating costs of Sh 450,000 during the month. Required: a) Stores ledger card b) Closing stock valuation