Marigold Corp. includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a leash. The leashes cost Marigold $5 each. Marigold estimates that 40 percent of the coupons will be redeemed. Data for 2020 and 2021 are as follows: 2020 2021 Bags of dog food sold 480000 590000 Leashes purchased 19000 22000 Coupons redeemed 100000 150000 The premium liability at December 31, 2021 is
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Marigold Corp. includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a leash. The leashes ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Frank & Sons, a 100% equity financed firm, has a beta equal to 1.3. The firm's stock is currently trading at $25 per share, and pays a $1.50 per share dividend.
Answers (1)
Which statements describe DTP?
Answers (1)
When an electrical circuit is capable of conducting current.
Answers (1)
The inflation tax refers to A) higher inflation which requires more frequent price changes. B) taxes being indexed for inflation. C) the idea that, other things the same, an increase in the tax rate raises the inflation rate.
Answers (2)
According to the CAPM, what is the expected market return given an expected return on a security of 17.2%, a stock beta of 1.6, and a risk-free interest rate of 6%?
Answers (1)
New Questions in Business
1. Of the 4 strategic approaches to international markets, which one (s) might be the best for a manufacturing company? a financial services company? or a company like Coke or Pepsi? Thoughts? 2.
Answers (1)
Masks Inc. is a cosmetics company that makes beauty products. It uses whale oil from dead whales only and does not kill whales to obtain blubber. A newspaper publishes a report stating that Masks Inc.
Answers (1)
Transfer payments are not included in gdp calculation because these are
Answers (1)
In which year were tobacco commercials banned from network television in the united states?
No Answers
Maggie's manager notices that she exhibits an external locus of control when she speaks about her work. Her manager should Group of answer choices a. direct Maggie toward a job with more autonomy. b.
Answers (1)