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0 $60,000 A cookie company includes one premium coupon in every cookie package. Upon returning 10 such coupons to the company, the customer will be sent a free cookie jar. In a recent year, the company sold 200,000 packages of cookies for $1 per package. It is estimated that 20% of the coupons will be redeemed. If the cookie jars cost the company $3 each, what amount of liability should be recorded? o $ 6,000 O $ 12,000 O $120,000 O $200,000 A company with operating income of $200,000, cash flow from operating activities of $75,000 and gross profit of $380,000, has interest payments of $25,000. What is the company's Interest Coverage Ratio (Cash Basis)? C 4 or 4 to 1 3 or 3 to 1 C 15.2 or 15.2 to 1 2.67 or 2.67 to 1 Kaleidoscope Paint On January 1, 2013, this company issued $500,000, 10-year, 9% bonds for $480,745. The bonds pay interest on June 30 and December 31. The market rate is 10%. The company plans to use the effective interest method of amortizing bond discounts and premiums. Refer to Kaleidoscope Paint. The interest expense on the bonds at June 30, 2013, is C $22.500 UI 2.07 UI 2.0 Kaleidoscope Paint On January 1, 2013, this company issued $500,000, 10 year, 9% bonds for $480,745. The bonds pay interest on June 30 and December 31. The market rate is 10%. The company plans to use the effective interest method of amortizing bond discounts and premiums Refer to Kaleidoscope Paint. The interest expense on the bonds at June 30, 2013, is O $22,500 O $24,037 0 $21,634 $43,267 Focal Point Engineering purchased a trademark at the beginning of 2012 for $200,000. Although the trademark's legal life is 20 years, economic benefits were expected for only 10 years. Also, during 2012, the company incurred research and development costs of $200,000. The book value of the trademarks at December 31, 2012, is o $200,000 $180,000 C $175,000 C $280,000