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Goodyear Tire & Rubber Company ( GT ) published the following promotion on its website for the purchase of Wrangler TrailRunner AT tires: $ 2
Goodyear Tire & Rubber Company GT published the following promotion on its website for the purchase of Wrangler TrailRunner AT tires: $ back with purchase of tires by rebate via MasterCard prepaid card.
Assume that Jeanne Blanchard purchases four Wrangler TrailRunner AT tires for her jeep at a list price of $ per tire with free installation plus sales tax.
a When Goodyear posts the rebate on its website, should it record an estimated rebate liability?
b Assuming Jeanne pays with her VISA, how much would be charged to her credit card?
fill in the blank of $
c How much would Goodyear record as sales revenue from the sale to Jeanne? Assume that Jeanne redeems the $ rebate.
fill in the blank of $
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