User Account

All Pages

Compute the premium expense

Assignment Help Accounting Basics
Reference no: EM132664973

Question - Bramble Corp. includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a leash. The leashes cost Bramble $5 each. Bramble 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

510000

600000

Leashes purchased

16000

20000

Coupons redeemed

130000

170000

Required - Compute the premium expense for 2020?

a. $127500.

b. $83750.

c. $318750.

d. $43750.

Reference no: EM132664973

Questions Cloud

MMH232 Human Resource Development Assignment : MMH232 Human Resource Development Assignment Help and Solution, Deakin University - Assessment Writing Service - Reflect on their own ability to work
Prepare the journal entry to record the conversion : Assume that Headland paid the bondholders an incentive of $34,400 to convert their bonds to common shares, Prepare the journal entry to record the conversion
Discuss the wisdom of having law enforcement officers : Consider each of the rights statements that make up the Miranda . Discuss the wisdom of having law enforcement officers provide each rights statement.
What is the company balance sheet in accounts receivable : 5 days past due. If annual credit sales are $10 million, what is the company's balance sheet in accounts receivable? Assume a 365 day per year.
Compute the premium expense : The leashes cost Bramble $5 each. Bramble estimates that 40 percent of the coupons will be redeemed. Compute the premium expense for 2020
How journalize the entry for the spoilage for ayala company : How Journalize the entry for the spoilage for Ayala Company. Ayala Company produces a variety of products used in the painting processes of auto manufacturers.
Growth of health care technologies : What factors are driving and/or limiting the further growth of health care technologies?
When is the intervention not cost effective : If the cost effectiveness cutoff is 100,000/life yr, when is the intervention not cost effective? What if the cutoff is $50,000 per life yr?
Describe how you might use the given type of analysis : The pivot table and chart provide insight into data. Describe how you might use this type of analysis. Specifically, describe the fields you would use.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd