1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alex41 [277]
2 years ago
13

Bramble Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 4 boxtops from Bramble Frosted Flakes

boxes and $2. The company estimates that 60% of the boxtops will be redeemed. In 2021, the company sold 809000 boxes of Frosted Flakes and customers redeemed 352000 boxtops receiving 88000 bowls. If the bowls cost Bramble Company $4 each, how much liability for outstanding premiums should be recorded at the end of 2021
Business
1 answer:
scoray [572]2 years ago
5 0

Answer: $66700

Explanation:

Number of boxtops that was sold = 809000

Estimated boxtops to be redeemed = 809,000 × 60% = 485400

Less: Boxtops received = 352000

Estimated boxtops not received yet = 133400

The number of boxtops that will be needed per bowl will then be:

= 133400 / 4

= 33350

Therefore, liability for outstanding premiums that should be recorded at the end of 2021 would be:

= 33350 × ($4 - $2)

= 33350 × $2

= $66700

You might be interested in
Which of the following businesses describes a branch?
Sergio [31]
I believe that it’s C
ANSWER =C
4 0
2 years ago
Hii! I got a question, if a brainly expert or tutor can answer that would be great!
kupik [55]

Answer:

As an Ambitious member, you're climbing your way up the Brainly ranks one great answer at a time! The rank after Expert is Ace! And it just depends on the level you are on. On expert, you have to have 10 Brainlist to get to Ace. Then you have to have 50 Brainlist to reach the level after!

Explanation:

Hope this helped! :)

Have a good day!

5 0
2 years ago
On July 1, 2020, Indigo Co. pays $9,400 to Sweet Insurance Co. for a 2-year insurance policy. Both companies have fiscal years e
aliya0001 [1]

Answer:

Explanation:

The journal entries are shown below:

On July 1

Prepaid insurance A/c Dr $9,400

    To Cash A/c $9,400

(Being the prepaid insurance for cash is recorded)

On December 31

Insurance expense A/c Dr $2,350

         To Prepaid insurance A/c $2,350

(Being the insurance expense is recorded)

The computation is shown below:

= Prepaid insurance amount ÷ number of years × number of months ÷ total number of months in a year

= $9,400 ÷ 2 years × 6 months ÷ 12 months

= $2,350

6 0
3 years ago
Vehicles from which country use the international registration letters WG?
grigory [225]
Japan. maybe it is maybe no
6 0
3 years ago
Read 2 more answers
What do neoclassical economics and behavioral economics believe about giving people options?
UNO [17]

Neoclassical economics focuses on providing more options while Behavioral economics focuses on helping people make better decisions with the options available.

A psychological approach to business, behavioral economics looks at how well people's expectations of utility and profit maximization match their actions and if they actually maximize predicted utility.

Contrarily, neoclassical economics views manufacturing costs as a key determinant of pricing a product. Thus, neoclassical economists contend that customers' primary determinant of choice is price.

Hence, the two have different beliefs about giving people options. While behavioral economics focuses on assisting people in making better decisions with the options at hand, neoclassical economics places greater emphasis on offering more options.

Want to know how would keynesian and neoclassical economics propose dealing with cyclical unemployment? Read here: brainly.com/question/28213854

#SPJ4

4 0
2 years ago
Other questions:
  • 1. Westmorland makes ink that it uses in ball point pens. The Company produces two colors of ink. One is blue; the other is red.
    11·1 answer
  • John worked in a manufacturing job building car engines. Over time, this work was increasingly performed by machines, and manufa
    7·1 answer
  • Which one of the following is a primary market transaction? Group of answer choices Sale of currently outstanding stock by a dea
    13·2 answers
  • Lavender Corporation sells 100 jars of essential oil to Bed, Bath, and Relax on December 1, 20X5, for $10 each. Lavender offers
    9·1 answer
  • Why is Feeney called a hero/saint?
    15·1 answer
  • Company manufactures luggage sets. sells its luggage sets to department stores. expects to sell luggage sets for each in and lug
    9·1 answer
  • Describe the technologies that contributed to the development and advancement of the newspaper from small, infrequent circulatio
    8·1 answer
  • Scott wants to accumulate $3,800 over a period of 11 years so that a cash payment can be made for roof maintenance on his summer
    12·1 answer
  • You are in the middle of an interview, and you feel like things are going horribly. The interviewer is asking questions that you
    8·2 answers
  • The competitive situation where at&t, mci, and sprint control approximately 80 percent of the international long-distance te
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!