Question # 2
Multiple Choice
Why might workers leave sheet piling in place even after construction is finished?
Sheet piling is often made from hazardous substances and is dangerous to handle
O Sheet piling is an integral part of the structure of any building,
Sheet piling is often useful for shallow excavations, which require extra stabilization throughout the building's life cycle.
O Sheet piling may be incorporated into the foundation, especially if soil conditions necessitate it.

Answers

Answer 1

Answer:    Sheet piling may be incorporated into the foundation, especially if soil conditions necessitate it.


Related Questions


Supervisor: "If you increase your current quality score of 85% by 7%, you will have a
score of

Answers

Answer:

90.95% (if you need to round it up, then its 91%)

Explanation:

7% of 85% is 5.95%. You add that to the 85%, and you get 90.95%! :]

Hope this helped!! :]

On July 1, Shady Creek Resort borrowed $310,000 cash by signing a 10-year, 11% installment note requiring equal payments each June 30 of $52,639. What amount of interest expense will be included in the first annual payment

Answers

Answer:

$34,100

Explanation:

The interest on the installment note for the first year is a function of both the face value of the note and interest rate of 11%

Interest expense on the first annual payment=$310,000*11%

Interest expense on the first annual payment=$34,100

The amount principal repayment in respect of the  first annual payment is the amount of payment which is $52,639 minus the interest portion of the payment.

The Principal portion of the first payment=$52,639-$34,100=$18,539

Utility bills change each monthly, so these are called _____ expenses.
a. Fixed
b. Variable
c. Periodic
d. None of these are correct

Answers

Answer: C. hope this help!!!!!

Answer:

the answer is c peroidic

One of the assumptions underlying the production possibilities curve (or
production possibilities frontier) for any given economy is that
A. all societies will choose to operate at a point inside the curve
B. there is full employment of resources when the economy is on the
curve
C. goods can be produced outside the curve.
D. there is an unlimited supply of resources.
E the state of technology changes

Answers

Option B there is fill employment of resources when the economy is on the curve.

Resources are fully utilized when the economy is on the production possibility curve. Therefore, option B is correct.

What is the Production possibility curve?

The production possibilities curve displays different production volume combinations for two items utilizing fixed resources. The idea is that if the production of one commodity rises, the output of the other will fall.

The essential assumptions of the production possibility curve are: Resources are provided and don't change. The technology employed in the manufacturing process doesn't change. The resources are effectively and completely used.

The Production possibility curve is useful for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction.

Learn more about the Production possibility curve here:

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Refer to Women's Athletic Wear. One of the biggest differences between men and women consumers is that men tend to stay loyal to a store. Women are much more ready to shop around--perhaps because they demand more from their products than men. Andrea wants to start jogging, but she has been told she needs to find well-fitting jogging underwear. Andrea is at the first stage of the: Group of answer choices product positioning consumer decision-making process selective perception product differentiation market segment

Answers

Answer:

consumer decision-making process

Explanation:

When buyers want to make a purchase there are many factors that come into play before he makes a choice on which product to buy.

The process by which a user identifies which product best meets his needs, gathers information on how to solve their needs, examines alternatives, make purchase, and gauge satisfaction from purchase are the processes of consumer decision-making process.

On the given scenario Andrea wants to start jogging, and she has been told she needs to find well-fitting jogging underwear.

This is the the stage of identifying consumer needs, the first stage of consumer decision-making process.

When Scott Calvin (Tim Allen) tries on a Santa suit, he discovers that he has assumed all of Santa's responsibilities. Calvin tries to challenge his acceptance of the terms of the agreement. Analyze the problem with offer, acceptance, and terms in very fine print (a magnifying glass is required.) Do the terms of the suit contract apply when Calvin did not know them at the time he put on the suit?

If you haven't seen this movie yet or don't recall some of the details, you may want to view it or rent it from a source like the library, video rental, etc.

Answers

Answer:

Yes

Explanation:

The above excerpt given in the question is taken from the film "Santa Claus" in the year 1994. In this film, Tim Allen who plays the role of a business man, named Scott Calvin. Bernard offers him the santa suit which contains a card in fine print of the 'santa claus'. As soon as Calvin wears the suit and enters the sleigh, he enters into the contract of being Santa Claus permanently.

Calvin was not aware with the terms o contract of wearing the suit, the contract is legally binding as he should have read the card with the fine print of the 'santa claus' on it before wearing the suit.          

Ching Lee was transferred by his Asian firm to assume a managerial position in a large automobile production plant in the United States. In his first report to his supervisor, he expressed concern that U.S. workers were not giving him the proper respect. What behaviors by U.S. workers could have led Ching Lee to draw this conclusion

Answers

Answer:

cultural differences, stereotypes, and prejudice

Explanation:

There are many behaviors that could have led Ching Lee to draw this conclusion, they include cultural differences, stereotypes, and prejudice. This can include making jokes, treating people a certain way that may be common in the US, or even making comments about Ching Lee's ethnicity and/or culture. All of these behaviors could easily make Ching Lee believe that the US workers are making fun of him and not showing him the respect that he deserves as a manager.

A managerial position is one in which a person is primarily responsible for the management and direction of other employees. Managers may also be in charge of a certain function within a corporation.

One of the ways to demonstrate respect for senior employees or persons in positions of power is through communication.

In reciprocal relationships, bad communication can lead to misunderstandings, which can lead to disrespect.

Communication is a factor in Ching Lee's experience in the United States. Because of cultural and moral differences, there may be considerable communication gaps between Asian and American business contexts.

In comparison to communities in the United States, Asian communities are more patriarchal.

Workplace equality is a prominent topic in the United States, and great progress has been made in this area.

As a result, employees have unrestricted access to their bosses and it's reasonable to suppose that Lee interpreted the differences as disrespect and conveyed his displeasure to his boss.

For more information regarding the managerial position, refer to the link:

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Weib Manufacturing experienced the following events during its first accounting period: Recognized revenue from cash sale of products. Recognized cost of goods sold from sale referenced in Event 1. Acquired cash by issuing common stock. Paid cash to purchase raw materials that were used to make products. Paid wages to production workers. Paid salaries to administrative staff. Recognized depreciation on manufacturing equipment. Recognized depreciation on office furniture. Required Use the following horizontal financial statements model to show how each event affects the GAAP-based balance sheet and income statement. Indicate whether the event increases (I), decreases (D), or has no effect (NA) on each element of the financial statements. The first transaction has been recorded as an example. Show accumulated depreciation as a decrease in the book value of the appropriate asset account.

Answers

Answer:

Weib Manufacturing

Balance Sheet                                             Income Statement

Assets                      = Liabilities + Equity   (Revenue - Expenses =  Profit)

Recognized revenue from cash sale of products:

Cash (I)                     =                   RE (I)       Revenue (I)

Inventory (D)            =                   RE (D)                        Expenses (NA)

Cash (I)                    =                    RE (D)                        Expenses CGS (I)

Cash (D) Inventory (I)

Cash (D)                  =                   RE (D)                        Expenses (I) Wages

Cash (D)                   =                  RE (D)                        Expenses (I) Salaries

Equipment (D)          =                  RE (D)                        Exp (I) Depreciation

Office Furniture (D)  =                 RE (D)                         Exp (I) Depreciation

Explanation:

a) Data:

RE = Retained Earnings

Exp = Expenses

CGS = Cost of Goods Sold

Increases = (I), Decreases  = (D), or has no effect = (NA)

b) The above records show the effect of the accounting equation on the elements of the financial statements of the income statement and the balance sheet.

Business owners and managers prefer to hire people who are referred to them personally. True or false?

Answers

Business owners and managers prefer to hire people who are referred to them personally. Asking an acquaintance directly for job leads is more effective than asking for advice about jobs. Meeting others through volunteer work is the most common way people expand their network.

Answer:

THE ANSWER IS TRUE

Explanation:

i took the test

Rousey, Inc., had a cash flow to creditors of $16,785 and a cash flow to stockholders of $7,307 over the past year. The company also had net fixed assets of $49,605 at the beginning of the year and $57,010 at the end of the year. Additionally, the company had a depreciation expense of $12,156 and an operating cash flow of $50,868. What was the change in net working capital during the year

Answers

Answer:

$7,215

Explanation:

The change in net working capital can be determined using the formula cash flow from assets provided below:

Cash flow from assets=operating cash flows-net capital spending-change in working capital

Cash flow from assets=cash flow to creditors+cash flow to shareholders

Cash flow from assets=$16,785+$7,307=$24,092

operating cash flows=$50,868

net capital spending=$57,010-$49,605+ $12,156=$19,561

$24,092=$50,868-$19,561-change in working capital

change in working capital=$50,868-$19,561-$24,092

change in working capital=$7,215

Diana Corporation provides the following information for 2017 Calculate a. cost of goods manufactured in 2017 and b. cost of goods sold in 2017 Variable manufacturing costs are variable with respect to units produced. Variable marketing, distribution, and customer-service costs are variable with respect to units sold. Production in 2017 was 100,000 units. Two pounds of direct materials are used to make one unit of finished product. Revenues in 2017 were $473,200. The selling price per unit and the purchase price per pound of direct materials were stable throughout the year. The company's ending inventory of finished goods is carried at the average unit manufacturing cost for 2017. Finished- goods inventory at December 31, 2017, was $20,970. Required 1. Calculate direct materials inventory, total cost, December 31, 2017. 2. Calculate finished-goods inventory, total units, December 31, 2017. 3. Calculate selling price in 2017. 4. Calculate operating income for 2017.

Answers

Question Completion:

Diana Corporation provides the following information for 2017: 2-3 Beginning work-in-process inventory, 1/1/2017 Total manufacturing costs incurred in 2017 Ending work-in-process inventory, 12/31/2017 Beginning inventory of finished goods, 1/1/2017 Ending inventory of finished goods, 12/31/2017 $ 9,000 $160,000 $ 8,000 $ 15,000 $ 21,000 -) 195.000

Answer:

Diana Corporation

Aa. Cost of Goods Manufactured in 2017 is:

= $161,000

Ab. Cost of Goods Sold in 2017 is:

= $155,000

B1. Direct materials inventory, total cost, December 31, 2017:

= $ 8,000

B2. Finished Goods Inventory, total units, December 31, 2017:

= 13,125 units

B3. Selling Price in 2017 is:

= $4.92

B4. Operating Income for 2017:

Revenue                $473,200

Cost of goods sold  155,000

Gross profit           $318,200

Marketing, distribution,

and customer-service

Expenses                 195,000

Operating Income $123,200

Explanation:

a) Data and Calculations:

Beginning work-in-process inventory, 1/1/2017 = $ 9,000

Total manufacturing costs incurred in 2017 = $160,000

Ending work-in-process inventory, 12/31/2017 = $ 8,000

Beginning inventory of finished goods, 1/1/2017 = $ 15,000

Ending inventory of finished goods, 12/31/2017 = $ 21,000

Production in 2017 = 100,000 units

Direct materials = 2 pounds for 1 unit of finished product.

Revenue in 2017 = $473,200

Ending inventory of finished goods = average cost.

Finished goods inventory at December 31, 2017 = $20,970

Selling and Distribution expenses = $195,000

Cost of goods manufacturing in 2017:

Beginning work-in-process inventory, 1/1/2017 =  $ 9,000

Total manufacturing costs incurred in 2017 =    $160,000

Ending work-in-process inventory, 12/31/2017 = ($ 8,000)

Cost of goods manufactured in 2017 =             $161,000

Cost of goods sold in 2017:

Beginning inventory of finished goods, 1/1/2017 =  $ 15,000

Cost of goods manufactured in 2017 =                   $161,000

Ending inventory of finished goods, 12/31/2017 =  $ 21,000

Cost of goods sold in 2017 =                                $155,000

Production in 2017 = 100,000 units

Direct materials cost per unit = $161,000/100,000 = $1.61

Total units of finished goods inventory

Beginning inventory of finished goods, 1/1/2017 =  $ 15,000

Cost of goods manufactured in 2017 =                   $161,000

Total cost of goods available for sale = $176,000

Units = $176,000/$1.61 = 109,317 units

Ending units of finished goods inventory = $21,000/$1.61 = 13,125 units

Selling price in 2017:

Cost of goods sold = $155,000

Unit cost = $1.61

Units sold = $155,000/$1.61

= 96,273 units

Selling price = Revenue/Units sold = $473,200/96,273 = $4.92

Operating income for 2017

Kapanga Manufacturing Corporation uses a job-order costing system and started the month of October with a zero balance in its work in process and finished goods inventory accounts. During October, Kapanga worked on three jobs and incurred the following direct costs on those jobs:

Job B18: Direct materials ($12,000) Direct labor ($8,000)

Job B19: Direct materials ($25,000) Direct labor: ($10,000)

Job C11: Direct materials ($18,000) Direct labor: ($5,000)

Kapanga applies manufacturing overhead at a rate of 150% of direct labor cost. During October, Kapanga completed Jobs B18 and B19 and sold Job B19.

What is Kapanga's work in process inventory balance at the end of October?
A) $23,000
B) $30,500
C) $32,000
D) $43,000

Answers

Answer:

B) $30,500

Explanation:

Calculation for Kapanga's work in process inventory balance at the end of October

First step is to calculate the Variable Overheads

Variable Overheads = 150% × $5,000

Variable Overheads = $75,000

Now let calculate work in process inventory balance using this formula

Work in process inventory balance = Direct Material + Direct Labor + Variable Overheads

Let plug in the formula

Work in process inventory balance= $ 18,000 + $ 5,000 + $ 7,500 = $ 30,5000

Work in process inventory balance= $30,500

Therefore Kapanga's work in process inventory balance at the end of October will be $30,500

Effective project teams have a results orientation; each person has a strong commitment to accomplishing the project objective . There is a high degree of

Answers

Answer:

Effective Project leadership

Explanation:

When working on a project together, everyone has to be on the same page regarding the end goals and the means to reach the end goals. A team can only be called effective if every person is result oriented. If everyone in the team has the same level of commitment towards completing their project and thus accomplishing the objective, it is because of a high degree of Effective project leadership. An effective leader has the quality to work with different type of people and also getting the effective results.

Business partners Arnetta and Xavier are designing their new office space and furnishings. They want to communicate success and impress visiting clients, so they choose high-quality hardwood flooring and elegant furniture. Which aspect of nonverbal communication does this illustrate

Answers

Answer:

environment.

Explanation:

Analyzing the information in the question, it is correct to say that Arnetta and Xavier are using the aspect of non-verbal communication related to the environment, due to the fact that their goal is to communicate success and impress visiting customers through high quality wooden floors. and elegant furniture, that is, they use physical and psychological aspects combined with the office environment that communicate success.

Environmental non-verbal communication allows to impress people through the design of their environment, and brings significant advantages to companies that use this strategy effectively, as it reinforces the desired communication and creates the expected strategic effect.

Environmental elements that are both fixed and semi-fixed

Gathering the data in the question, it is true to say that Arnetta and Xavier are employing nonverbal signals connected to the environment, as their purpose is to communicate accomplishment and impress prospective customers through high-quality hardwood surfaces.

Environmental communication process allows firms to impress people by the design of their surroundings, and it has enormous benefits for companies who employ it successfully, since it reinforces the intended communication and achieves the desired strategic result.

Learn more:

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Could someone help plsss!!

Answers

Answer:

2. If a business cant produce a commodity to be sold it cant meet demand meaning its business cant function.

3. 2 ways cash flows can be disrupted is taxes and wages, wages means less money can be used to buy materials to create products and instead has to pay workers. Taxes also take money from the business cash flow.

4. Planning for investments now need to be re-planned because less money was made available to the business owner, and because of the long amount of work the workers took to complete the business, Moira has to pay them extra for their extra hours of time. (with the exception on if it was one time contract payment work)

5. i dont know, but perhaps price incentives could bring more demand to the store in the months lacking demand like February, so this one youll have to do on your own.

Explanation:

Give me brainliest!

Has anyone done this
Please help

Answers

Answer:

Explanation:

you have to do t with someone to understand it

When the managers in a marketing department produce a marketing plan that is "greater than the sum of the parts contributed by individual managers," this is an example of:

a.
division of labor.

b.
consideration.

c.
specifying job responsibilities.

d.
synergism.

Answers

Answer:

d. synergism.

Explanation:

Given that the term synergism is a term that describes the process of interaction between two or more parts or groups to give rise to a combined result that is greater than the sum of its parts or groups.

Hence, in this case, when the managers in a marketing department produce a marketing plan that is "greater than the sum of the parts contributed by individual managers," this is an example of: SYNERGISM

If you have an account with 31.99% APR, what is the periodic interest rate for February, June,
and March?

Answers

Answer: 2.67%

Explanation:

Periodic interest rate refers to the Annual Percentage Rate (APR) converted to the periods in question. It is calculated by dividing the APR by the number of periods it is to be converted to.

If for instance a monthly periodic rate is needed, divide APR by 12 as there are 12 months in a year.

If it is a daily periodic rate needed, divide the APR by 365 as that is the number of days in a year.

This question is asking for a monthly periodic interest rate:

= 31.99% / 12

= 0.026658

= 2.67%

Compute the contribution margin ratio using the following data: sales, $4,800; total variable cost, $2,976.

Answers

Answer:

the contribution margin is $1,824

Explanation:

The computation of the contribution margin is shown below:

As we know that

Contribution margin is

=  $Sales - variable cost

= $4,800 - $2,976

= $1,824

hence, the contribution margin is $1,824

Select the correct answer. Which part of a speech contains the speaker’s arguments, ideas, examples, and proof? A. the title of the speech B. the body of the speech C. the introduction of the speech D. the conclusion of the speech

Answers

Answer:

Its in the body o

Explanation:

Answer:

it is b

Explanation:

took the test and got 100%

The total cost​ (in dollars) of manufacturing x auto body frames is ​C(x)=60,000+400x. ​(A) Find the average cost per unit if 200 frames are produced. ​(B) Find the marginal average cost at a production level of 200 units. ​(C) Use the results from parts​ (A) and​ (B) to estimate the average cost per frame if 201 frames are produced.

Answers

Answer:

a) Average price per unit = 700

b) average marginal cost = -1.5 dollars/frame

c) For 201 frames are produced = $698.5

Explanation:

Given Data:

C(x) = 60000 + 400x

a) Average cost for 200 units:

Total Cost of 200 units will be:

C(200) = 60000 + 400(200)

C(200) = 140,000

Total Cost of 200 units = 140,000

Average price per unit = Total Cost / number of units

Average price per unit = 140,000/200

Average price per unit = 700

b) Marginal Average Cost:

We know that marginal cost = [tex]C^{'}[/tex](x)

And the average marginal cost = [tex]\frac{d}{dx}[/tex] [tex]\frac{C(x)}{x}[/tex]

So,

= the derivative of ([tex]\frac{60,000 + 400(x)}{x}[/tex])

= the derivative of ([tex]\frac{(60,000)}{x} + 400[/tex])

= [tex]\frac{-60,000}{x^{2} }[/tex] + 0

So,

average marginal cost = [tex]\frac{-60,000}{x^{2} }[/tex]

at x = 200 units

average marginal cost = [tex]\frac{-60,000}{200^{2} }[/tex]

average marginal cost = -1.5 dollars/frame

c) Average cost per frame if 201 frames are produced:

We already seen in the part b that, the average marginal cost is decreasing by 1.5 dollars /frame. So,

if 201 frames are produced the instead of 200 then the difference is of 1 frame and we discussed that average marginal cost of 1 frame is decreasing at 1.5 dollars per frame.

So,

As we know the average cost from part a = 700 dollars.

Therefore, for 201 item = 700 dollars -1.5 dollars

For 201 frames are produced = $698.5

What are mutual funds? Explain the associated risks.

Answers

Answer:

A mutual fund is an investment program funded by shareholders that trades in diversified holdings and is professionally managed.

Risks:

The level of risk in a mutual fund depends on what it invests in. Stocks are generally riskier than bonds, so an equity fund tends to be riskier than a fixed income fund. Plus some specialty mutual funds focus on certain kinds of investments, such as emerging markets, to try to earn a higher return. These kinds of funds also tend to have a greater risk of a larger drop in value—yet the greater the risk, the greater the reward (or potential for higher returns).

Risks of Investing in Equity Mutual Funds The below are a few key risks involved with investing in equity funds: Volatility Risk: An equity fund invests primarily in the shares of companies listed on stock exchanges. Thus, the value of an equity fund is directly related to the performance of companies, in stocks of which it has invested.

What is cost opportunity in firm

Answers

Answer:nah

Explanation:

Opportunity cost is the value of something when a particular course of action is chosen. The benefit or value that was given up can refer to decisions in your personal life, in a company, in the economy, in the environment, or on a governmental level. ...

A strategy in which a U.S, based company maintains production facilities in the U.S. and ships products
to Canada for sale to consumers, best describes

Answers

Answer: Export manufacturing.

Explanation:

As you included no options, I can only give a general answer.

The scenario described above is export manufacturing. Export manufacturing is a strategy where a company produces goods solely for the purpose of exporting them to another country for sale.

This is what is happening in the scenario above. The U.S. based company is producing goods in the United States then sending them to Canada to be sold thereby engaging in export manufacturing.

On January 1 of the current year, Lean Co. made an investment of $10,000. The following is the present value of $1.00 discounted at a 10% interest rate: Present value of $1.00 Periods Discounted at 10% 1 .909 2 .826 3 .751 What amount of cash will Lean accumulate in two years?

Answers

Answer:

$12,107

Explanation:

Calculation for What amount of cash will Lean accumulate in two years

Using this formula

Future amount=Present value ÷ Present value factor

Let plug in the formula

Future amount = $10,000 / .826

Future amount= $12,107

Therefore the amount of cash that Lean will accumulate in two years will be $12,107

Peterson Manufacturing recently reported EBITDA of $18.75 million and $4.5 million of net income. It has $5 million of interest expense and its corporate tax rate is 40%. What was its depreciation and amortization expense (in millions of dollars)

Answers

Answer:

Peterson Manufacturing

Its depreciation and amortization expense (in millions of dollars) was:

= $6.25 million

Explanation:

a) Data and Calculations:

EBITDA =                                                      $18.75 million

Depreciation and amortization expense = $6.25 million

Earnings before Interest =                         $12.50 million

Interest expense =                                       $5.00 million

Earnings before taxes =                               $7.50 million

Corporate taxes (40%) =                              $3.00 million

Net Income =                                               $4.50 million

Earnings before taxes = Net income/1-tax rate

= $4.5 million/60% = $7.5 million

Corporate taxes = 40% of $7.5 million = $3.0 million

Earnings before interest = Interest expense plus earnings before taxes (earnings after interest)

= $5 million + $7.5 million = $12.5 million

Therefore, Depreciation and amortization expense = EBITDA - Earnings before Interest

= $18.75 million - $12.5 million

= $6.25 million

b) EBITDA = Earnings before Interest, Taxes, and Depreciation and Amortization.

What sections make up a balance sheet?
Assets
Capital
Liabilities
Owner's Equity

Answers

assets, liabilities, and equity.

Briefly explain how the demand curve for workers is determined.

Answers

Answer:

When the marginal revenue product of labor is graphed, it represents the firm's labor demand curve. The demand curve is downward sloping due to the law of diminishing returns; as more workers are hired, the marginal product of labor begins declining, causing the marginal revenue product of labor to fall as well.

Explanation:

it is a figure of speech in which ideas,action,or object are described in nonliteral terms​

Answers

Answer:

parts of speech

Explanation:

Marin Golf Stores, Inc. operates a chain of golf equipment stores in the Western United States. In 2017 the company ran a promotion, providing customers with coupon each time a customer bought a dozen of a specific brand of golf balls. After accumulating five coupons, a customer could present the coupons to the store in exchange for a free golf hat. In 2017, Marin purchased 1,300 of the hats for the promotion at $9 each and sold 10,500 dozen golf balls eligible for the promotion at $50 per dozen. Customers presented 2,000 of the coupons for redemption in 2017. Customers have until June 30, 2018 to present coupons in exchange for a free hat. Estimates indicate that a total of 50% of the coupons will eventually be presented for redemption. Prepare all the entries that would be made relative to sales of the golf balls included in the promotion and to the golf hat premium plan in 2017

Answers

Answer:

Golf hat inventory (Dr.) $11,700

Purchase (Cr.) $11,700

Cash (Dr.) $525,000

Sales (Cr.) $ 525,000

Redemption of coupons

10500  / 5 = 2,100

50% customers redeem the coupon then

2100 hats * 50% = 1,050 hats.

Explanation:

Marin golf has purchased hats at a price of $9 per hat. This transaction is recorded in the journal entries. The company has also introduced a promotion in which customers can redeem coupon and get a free golf hat in exchange of 5 coupons.

Answer:

To record premium inventory:

Dr. Inventory of Premiums    $11,700

        Cr. Cash                                       $11,700

To record sales:

Dr. Cash                             $525,000

         Cr. Sales Revenue                      $525,000

To record the expense associated with the sale:

Dr. Premium Expense                     $3,600

          Cr. Inventory of Premiums                 $3,600

To record the premium liability:

Dr. Premium Expense              $5,850

           Cr. Premium Liability                  $5,850

Explanation:

To record premium inventory:

# hats purchased × cost per hat = 1,300 × $9 = $11,700

To record sales:

# golf ball dozens sold × price per dozen = 10,500 × $50 = $525,000

To record the expense associated with the sale:

(# coupons presented ÷ coupons required per redemption) × cost per hat

= (2,000 ÷ 5) × $9 = $3,600

To record the premium liability:

1. Total estimated redemptions = # golf ball dozens sold × Estimated redemptions (in percent) = 10,500 × 50% = 5,250

2. Cost of estimated redemptions = (estimated redemptions ÷ coupons required per redemption) × cost per hat = (5,250 ÷ 5) × $9 = $9,450

3. Redemptions to date = expense associated with sale (from previous entry) = $3,600

4. Liability at 12/31/2017 = Cost of estimated redemptions - redemptions to date = $9,450 - $3,600 = $5,850

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