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denis23 [38]
3 years ago
15

Sheridan Company includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a leash. T

he leashes cost Sheridan $3 each. Sheridan estimates that 60 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 19000 24000
Coupons redeemed 130000 150000
The premium liability at December 31, 2015 is:_____.
a. $22,500.
b. $39,375.
c. $45,000.
d. $84,375.
Business
1 answer:
Gnesinka [82]3 years ago
4 0

Answer:

Note: <em>The options attached belongs to another question, so the answer is not included</em>

Premium liability at December 31, 2020 = ((510,000*60%) - $130,000) /  8*3

Premium liability at December 31, 2020 = 176,000 / 24

Premium liability at December 31, 2020 = 7,333.33

Premium liability at December 31, 2021 = 7333.33 + ((600000*60%) - 150000) / 8*3

Premium liability at December 31, 2021 = 7333.33 + 360,000 - 150,000

Premium liability at December 31, 2021 = 217,333.33

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Answer:

The answer is shift work

7 0
2 years ago
A first step toward understanding organizational markets is recognizing the differences between industrial, reseller, and govern
zaharov [31]

Answer: True

Explanation:

To understand organizational markets, one must first realize that there are three main types of them: Industrial, reseller and government.

Industrial markets enable businesses to transact with each other. They trade raw materials and other goods to each other and process them to finished goods.

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3 years ago
The ____ act requires banks and financial institutions to alert customers of their policies and practices in disclosing customer
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3 0
3 years ago
Integrated Masters Inc. (IMI) is presently operating at 80% of capacity and manufacturing 116,000 units of a patented electronic
balu736 [363]

Answer:

a. $3.13 per unit

b. No

c Yes

Explanation:

The computation is shown below

a. Fixed overhead per unit is

= Fixed overhead ÷ Number of units manufactured

= $363,000 ÷ 116,000 units

= $3.13 per unit      

b. The cost calculation is not appropriate because the fixed overhead per unit is not be involved while calculating the cost

c. Now the acceptance of the offer should be based on total relevant cost which is            

Total relevant cost

= $6.1 + $6.1 + $8.1

= $20.3  

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3 0
3 years ago
Luther Corporation Consolidated Balance Sheet December​ 31, 2006 and 2005​ (in $​ millions) Assets 2006 2005 Liabilities and ​St
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Answer:

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Current Ratio for 2006 is closest to:

1.1 : 1

Explanation:

a) Data and Calculations:

Total Current Assets = $144 million

Total Current Liabilities = $132 million

Current Ratio = Current Assets/Current Liabilities

= $144/$132

= 1.1 : 1

b) Luther Corporation's current ratio is a liquidity measure that shows Luther's ability to pay off short-term obligations worth $132 million or those due within one year with its current assets of $144 million.  The ratio tells investors and analysts of Luther Corporation how Luther can use its current assets to pay off its current debts.  Since Luther's current ratio is higher than 1, it is considered good, depending on the industry average.  This means that Luther's current ratio of 1.1 : 1 should not be considered in isolation, but in comparison with other firms in the industry and its performance over a number of years.

6 0
2 years ago
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