General Product Inc. distributed 115 million coupons in 2021. The coupons are redeemable for 25 cents each. General anticipates that 80% of the coupons will be redeemed. The coupons expire on December 31, 2022. There were 52 million coupons redeemed in 2021 and 46 million redeemed in 2022. General recognizes coupon expense in the period coupons are issued. What was General's coupon promotional expense in 2022

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?