A local dental practice decides to run a Groupon campaign. The campaign offered $370 worth of dental services (such as teeth whitening) for $150. For the total campaign, 240 coupons were sold. We estimate that 85% of the coupons will be redeemed, that 35% of the coupons will be redeemed by existing customers and that, on average, Groupon customers purchased 1.5 coupons. Let's assume that 23% of new customers come back after the Groupon coupon visit. The dental practice estimates its cost of goods sold to be 45%. Finally, the bill for the average Groupon customer was $395. The dental practice negotiated a 50/50 split with Groupon. Calculate the expenses of the Groupon campaign. Answer: x (36,261)
Q: Required: Calculate the following: (Do not round intermediate calculations. Round your answers to 2…
A: A pay period is the defined period of time over which a company computes and distributes employee…
Q: Use the information provided below to prepare the pro forma statement of comprehensive income for…
A: Statement of comprehensive income is one of the financial statement of business. This shows all…
Q: Ms. , non-resident alien not engaged in business, sold her residential house for P4,000,000. Its…
A: The tax on the property, which is sold either by the resident or by the non-resident, is the 6% in…
Q: S&L Financial buys and sells securities which it classifies as available-for-sale. Assume that on…
A: Bonds are debt securities under which the issuer owes the holders a debt and depending on the terms…
Q: The City of Wolfe has issued its financial statements for Year 4 (assume that the city uses a…
A: The "general fund." means to a main bank account that contains funds designated for a government…
Q: Whispering Furniture Company started construction of a combination office and warehouse building for…
A: Depreciation can be defined as the reduction in the value of the assets as a result of use in the…
Q: On August 1, ABC Company acquired a real property for P 4,420,000. The shares were selling on the…
A: The cost of land is considered a long-term asset in accounting and is reflected on the balance…
Q: A company must decide between scrapping or reworking units that do not pass inspection. The company…
A: The incremental analysis is performed to compare the different alternatives and estimate the…
Q: As CEO of Riverside Marine, Rachel Moore knows it is important to control costs and to respond…
A: Enterprise resource planning (ERP) is business management software that integrates various…
Q: The following table includes quarterly working capital levels for your firm for the next year.…
A: The monetary measure known as working capital is utilized to describe the discrepancy between a…
Q: Neils Bohr died with a receivable collectible from Ernest Rutherford. Ernest Rutherford has assets…
A: Determine the type of insolvency proceedings that are being carried out. Ensure that you have a…
Q: Exercise 1-2 The following items are included in the Cash general ledger account of SANTAN COMPANY…
A: Cash is a part of current assets, It is the most liquid form of assets. In the books of accounts to…
Q: Welborn Stores offers a coupon on its website for $5 off the customer's next purchase of $30 or…
A: Sales Tax: A government-mandated fee added to the purchase price of goods or services, typically a…
Q: Faced with rising pressure for $14 per hour minimum wage rate, the farming industry is currently…
A: Cost benefit analysis is the analysis which is used to decide whether the alternative is beneficial…
Q: Oriole Manufacturing has prepared the following monthly flexible manufacturing overhead budget for…
A: The variable costs per unit and total fixed costs remain constant at every level of production. The…
Q: How much is the ending balance of the Share Options Outstanding that will show in the 2024 Statement…
A: The entire number of stock options that a firm has granted to its employees or other stakeholders…
Q: In connection with surfacing a new highway, a contractor has a choice of two sites on which to set…
A: Variable costs are expenses that vary in direct proportion to changes in a company's level of…
Q: Po.0010. Memphis Wholesale Market applies the lower of cost or net realizable valuation to…
A: The inventory is generally valued at a cost in the financial statement however the inventory's net…
Q: Bosco Company adopted the dollar-value LIFO retail method at the beginning of 2024. Information for…
A: Inventory is regarded as a current asset since it is either transformed into cash or used up…
Q: Australian residents for income tax purposes include in total assessable income only: A.Ordinary…
A: The correct option is Option D i.e. Ordinary income derived from Australian sources only.The…
Q: Clyn Contractors is preparing to replace critical earthmoving plant and equipment so that they can…
A: Concept of Capital BudgetingSinking fund method or loan option analysis
Q: 2.2 REQUIRED Calculate the following from the information provided below: 2.2.1 Value of the closing…
A: Weighted Average Method is one of the methods of inventory valuation in which it is assumed that the…
Q: Discuss the role that pension funds play in company pension plans. What benefits accrue to companies…
A: A pension plan is an employee benefit in which the firm agrees to make regular contributions to a…
Q: 5 Problem 2-30 CCA and UCC (LOS) Our new computer system cost us $146.900 we purchase price. CCA on…
A: companies and people who get income from real estate or other companies are eligible to deduct…
Q: The following financial results are shown for Smith, Inc. and Jones, Inc. RatiosSmith, Inc.Jones,…
A: Lets understand the basics.This question presents financial ratios for two companies, East, Inc. and…
Q: Dake Corporation's relevant range of activity is 2,900 units to 7,500 units. When it produces and…
A: DIRECT MANUFACTURING COST Direct Manufacturing Cost Includes Direct Material, Direct Labour &…
Q: The Molave Company uses FIFO process cost accounting system. On April 1, the firm had 2,000 units in…
A: Equivalent units of production are an indication to show the work in process inventory at the end of…
Q: At the end of 2020, Robin Corp. distributed $450,000 cash to its sole shareholder, Robyn. Robyn’s…
A: In corporate taxation, the term "accumulated earnings and profits" (E&P) is used to track a…
Q: Instructions. Solve the following problems using the Simple Interest formula. Simple interest.…
A: I=C×n×i, where: I is the simple interest,C is the principal amount (initial investment or loan…
Q: Webster Company provides the following ABC costing information: Activities Total Costs…
A: Activity rate is the rate used to allocate manufacturing overhead cost to cost object under activity…
Q: uilding their new headquarters on the Amsterdam Zuid- As. The total construction costs of the new…
A: Sale and leaseback is a financial arrangement where a company sells an asset it owns, such as real…
Q: Intercompany Transactions Facts: Sub Co is a 90% owned subsidiary of Parent Co, acquired for…
A: Elimination entries refer to adjustments made to a parent company's financial statements to remove…
Q: You are the managing partner of your own accounting firm. You have a new client the Village of…
A: Fund accounting is a specialized accounting method that is primarily used to track and manage…
Q: Partnerships are sometimes publicly accountable enterprises and these entities must follow Select…
A: Internationally recognized accounting standards (IFRS), Revenue recognition, financial instruments,…
Q: Winner Company’s 2020 memorandum accounts shows the following balances in relation to its defined…
A: Net defined benefit liability:Net defined benefit liability denotes the deficit or surplus between…
Q: QUESTION 2 Companies can spend 40% or more of their revenue with suppliers True O False
A: In today's intricate web of global commerce, businesses rely heavily on their suppliers to provide…
Q: Regina Garza's regular hourly wage rate is $11.50, and she receives a wage of 1½ times the regular…
A: It is the amount of gross earnings of an employee reduced by the income tax to be withheld on the…
Q: An analysis of the transactions of Cavernous Homes Inc. yields the following totals at December 31:…
A: Balance Sheet is one of the financial statement.It is prepared based on the balances of Assets,…
Q: Required information P1-1 (Algo) Preparing an Income Statement, Statement of Stockholders' Equity,…
A: Income statement :— It is one of the types of financial statements that shows profitability, total…
Q: Miracle Skin Solution Bhd (MSSB) is a skin care company. It was established in 2017. The company…
A: Note:"Since you have asked two independent questions, the first question was answered for you. If…
Q: On the last day of its fiscal year ending December 31, 2024, the Safe & Reliable (S&R) Glass Company…
A: Lease liability and bond liability are both obligations that a company has, but they arise from…
Q: Use the information provided below to prepare the following pro forma statements: 4.1 Statement of…
A: Financial statements are detailed summaries of a company's financial situation and performance. They…
Q: The units of an item available for sale during the year were as follows: 16 units at $38 16 units at…
A: PERIODIC INVENTORY SYSTEM Periodic inventory system means where day to day in or out of goods is not…
Q: Sudeep and Darshan undertook on 1-1-2019, the construction of a building for A20,00,000 to be…
A: A joint venture is a business arrangement in which two or more independent entities come together to…
Q: 2.1 REQUIRED Use the information provided below to prepare the Pro-forma Statement of Comprehensive…
A: Statement of comprehensive income is one of the financial statement of business. This shows all…
Q: INCOME STATEMENT (Thousands of dollars) Net revenues - Cost of goods sold - Operating expenses -…
A: Gross margin is one of profitability ratio being used in business. Gross margin means excess of…
Q: Calculate cash flow for Tumbleweed Clinic, given the following data: Revenue = $19777 Salaries =…
A: Cash flows = Net Income +Depreciation expense Cash flows represents amount of cash inflows to…
Q: Multiple Choice On January 1, 2024, Jingrong Corporation granted stock options to key employees for…
A: An employee stock option (ESO) is a type of equity compensation granted by companies to their…
Q: ztec Corporation uses a periodic inventory system and the retail inventory method to estimate ending…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: The accountant for Healthy Life Company, a medical services consulting firm, mistakenly omitted…
A: Unearned revenue, also known as deferred revenue or prepaid revenue, is when a business gets payment…
Step by step
Solved in 3 steps
- A local dental practice decides to run a Groupon campaign. The campaign offered $350 worth of dental services (such as teeth whitening) for $145. For the total campaign, 230 coupons were sold. We estimate that 85% of the coupons will be redeemed, that 35% of the coupons will be redeemed by existing customers and that, on average, Groupon customers purchased 1.5 coupons. Let's assume that 25% of new customers come back after the Groupon coupon visit. The dental practice estimates its cost of goods sold to be 60%. Finally, the bill for the average Groupon customer was $380. The dental practice negotiated a 50/50 split with Groupon. Calculate the Groupon campaign profit/loss (+/-). Your Answer: AnswerA local dental practice decides to run a Groupon campaign. The campaign offered $340 worth of dental services (such as teeth whitening) for $155. For the total campaign, 250 coupons were sold. We estimate that 85% of the coupons will be redeemed, that 35% of the coupons will be redeemed by existing customers and that, on average, Groupon customers purchased 1.5 coupons. Let's assume that 24% of new customers come back after the Groupon coupon visit. The dental practice estimates its cost of goods sold to be 50%. Finally, the bill for the average Groupon customer was $390. The dental practice negotiated a 50/50 split with Groupon. Calculate the expenses of the Groupon campaign. Your Answer: AnswerA local dental practice decides to run a Groupon campaign. The campaign offered $340 worth of dental services (such as teeth whitening) for $145. For the total campaign, 250 coupons were sold. We estimate that 85% of the coupons will be redeemed, that 35% of the coupons will be redeemed by existing customers and that, on average, Groupon customers purchased 1.5 coupons. Let’s assume that 23% of new customers come back after the Groupon coupon visit. The dental practice estimates its cost of goods sold to be 45%. Finally, the bill for the average Groupon customer was $395. The dental practice negotiated a 50/50 split with Groupon. Calculate the Groupon campaign profit/loss (+/-). Please do fast ASAP fast
- A local dental practice decides to run a Groupon campaign. The campaign offered $340 worth of dental services (such as teeth whitening) for $135. For the total campaign, 255 coupons were sold. We estimate that 85% of the coupons will be redeemed, that 35% of the coupons will be redeemed by existing customers and that, on average, Groupon customers purchased 1.5 coupons. Let's assume that 29% of new customers come back after the Groupon coupon visit. The dental practice estimates its cost of goods sold to be 45%. Finally, the bill for the average Groupon customer was $380. The dental practice negotiated a 50/50 split with Groupon. Calculate the number of new customers. Answer: x (27)Please do not provide answer in image formate thank you. A local dental practice decides to run a Groupon campaign. The campaign offered $345 worth of dental services (such as teeth whitening) for $145. For the total campaign, 225 coupons were sold. We estimate that 85% of the coupons will be redeemed, that 35% of the coupons will be redeemed by existing customers and that, on average, Groupon customers purchased 1.5 coupons. Let’s assume that 30% of new customers come back after the Groupon coupon visit. The dental practice estimates its cost of goods sold to be 60%. Finally, the bill for the average Groupon customer was $380. The dental practice negotiated a 50/50 split with Groupon. Calculate the breakeven revenue for a new Groupon customer. Answer: 334.60 Incorrect Response (2,071)The Cycle Shoppe has decided to offer credit to its customers during the spring selling season. Sales are expected to be 330 bicycles. The average cost to the shop of a bicycle is $300. The owner knows that only 93 percent of the customers will be able to make their payments. To identify the remaining 7 percent, she is considering subscribing to a credit agency. The initial charge for this service is $540, with an additional charge of $6 per individual report. What is the amount of the net savings from subscribing to the credit agency? A. $3,790 B. $3,920 C. $4,080 D. $4,410 E. $4,950
- MARYJANE, IN., a grocery business, operates a customer loyalty program. MARYJANE grants its program members points when they spend a specified amount of purchases. The points have no expiry date, and they can use the points for further purchases. During 2021, the customers earned 80,000 points, but management expects that 75% of these points will be redeemed. The stand-alone selling price of each loyalty point is estimated at Php 20. The sales during 2021 amounted to Php 6,800,000 on stand-alone selling price. On December 31, 2021, 28,800 points have been redeemed. In 2022, the management revised its expectations and now expects 85% of the points to be redeemed. In 2022, the 12,000 points were redeemed. a. 1,367,481 b. 1,200,000 c. 1,020,000 d. 1,295,238 What amount of the transaction price should be allocated to the groceries?A garage band wants to hold a concert. The expected crowd is 2,100. The average expenditure on concessions is $35. Tickets sell for $30 each, and the band's profit is 85% of the gate and concession sales minus a fixed cost of $20,000. Develop a mathematical model and implement it on a spreadsheet to find the band's expected profit.Rose is in the beauty industry. Rose offers a promotion that if customers buy X cosmetics for $30,000, they will get 10 free massages. Know that the listed price of Rose per massage is $500 and the normal selling price of Rose cosmetics without the promotion is $26,000. According to experience, the manager estimates that there is a 90% chance that customers will use massage vouchers. Revenue of cosmetics will be: a. $25.574 b. $25.000 c. $26.000 d. $4.426 Please do not provide handwritten solution
- A nonprofit decides to provide free food for the homeless in Thanksgiving holidays. The manager wants to write a proposal to raise money from their donors. Assume that the project requires a fixed cost of $5,000 for staff and equipment. The variable cost such as utensils and food is $5 per person served. Based on the manager's experience, the manager estimates there will be 200 homeless people to serve. What is the price per person that the manager should put into his/her proposal? a.$5 b.$30 c.$25 d.$5,000Suppose that a sales force has found 20 qualified buyers and has begun the salesprocess. The sales manager estimates that 10% eventually proceeds to make a purchase.Assume that a professional company offers three services, priced at $2,000, $7,000 and$20,000, respectively. Based on past results or the sales manager’s estimates, you projectthat 60% of first-time buyers will choose the cheapest option, 30% will choose the middleoption and 10% will choose the most expensive option. b. How many qualified buyers must be found in order for the company to generate $80,000 in sales in a given period? Your final answer must be rounded to the nearest wholenumber.MarkosLabs, Inc. sells tattoupées – tattooable toupées for balding men. In 2021, it sold 200 tattoupées for $500 each. For each tattoupée sold, MarkosLabs distributed a 50% discount coupon for purchase of an edible hair net within one month. Based on historical experience, MarkosLabs expects that approximately 20% of the coupons will be utilized. The edible hairnets purchased with the coupons are priced at $150 and normally discounted 10%. What would be the stand-alone sales price used by MarkosLabs for the coupon when allocating the $500 transaction price to performance obligations? (a) $0; (b) $12; (c) $15; (d) $75; or (e) $150.