As part of a promotion campaign, funzy cereal includes one coupon in each issue of various national magazines and offers a toy car in exchange for $1.00 and three coupons. the cars cost funzy $1.50 each. experience indicates that 4% of the coupons eventually will be redeemed. during the last month of 2021, the first month of the offer, 12 million coupons were distributed and 240,000 of the coupons were redeemed. funzy recognizes coupon promotion expense in the period coupons are issued. what amount should funzy report as coupon promotion expense on its december 31, 2021, income statement?

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.