Nandina Inc

question 84

Multiple Choice

Nandina Inc.offers a cash rebate of Rs50 on each Rs200 package of biscuits sold during the last three months of 2011.Historically, 30% of the company's customers mail in the rebate form.During the last three months of 2011, 5,500,000 packages of biscuits are sold, and 1,050,000 Rs50 rebates are mailed to customers.What is the rebate expense and liability, respectively, shown on the company's 2011 financial statements?

• A)Rs82,500,000; Rs30,000,000
• B)Rs82,500,000; Rs82,500,000
• C)Rs825,000; Rs525,000
• D)Rs$8,250,000; Rs3,250,000

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Definitions:

Did Diagnoses

Likely a typing error, but if it meant "DID diagnoses," it would refer to the process of identifying Dissociative Identity Disorder, a complex psychological condition.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a publication by the American Psychiatric Association that provides a common language and standard criteria for the classification of mental disorders.

Prevalence

The proportion of a population found to have a condition or disease at a specific time.

Dissociative Disorders

Psychological conditions characterized by a disruption and inconsistency in one's perceptions of thought, memory, environment, behavior, and self.