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Funzy cereal includes one coupon in its cereal and offers a

Question - Funzy Cereal includes one coupon in its cereal and offers a toy car in exchange for $1.00 and coupons. The cars cost $1.50. 40% of the coupons were redeemed in the 1st month. 12 million boxes of cereal were sold and 2.4 million coupons redeemed. What is the promotional expense for coupons?

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Accounting Basics: Funzy cereal includes one coupon in its cereal and offers a

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