General Product Inc. distributed 100 million coupons in 2018. The coupons are redeemable for 30 cents each. General anticipates that 70% of the coupons will be redeemed. The coupons expire on December 31, 2019. There were 45 million coupons redeemed in 2018 and 30 million redeemed in 2019.
- What was General's coupon promotion expense in 2018?
A) $30.0 million.
B) $21.0 million.
C) $13.5 million.
D) $7.5 million.
Correct Answer:
Verified
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