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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

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makkiz [27]

Answer:

The correct answer is letter "B": Decreasing your stocks and increasing your bonds.

Explanation:

Target-date funds are pools of assets employees with a 401(k) retirement account can access. <em>Target-date funds consider stocks as riskier assets than bonds</em>, thus, more stocks than bonds are included in the fund of the employee at first. However, <em>as soon as the date when the employee is to retire approaches, the fund automatically lowers the number of stocks in the employee's account to include more bonds</em>, which are safer securities.

7 0
3 years ago
Susan is initially offered a new SUV for $24,000 and agrees to buy it. But when the sales manager comes back after getting some
Olin [163]

The increase of the new SUV from $24,000 to $26,000 after the agreement illustrates a low-balling technique.

<h3>What is a low-balling technique?</h3>

This is a tactics used when the persuader gets a person to commit to a low offer that they have no intention of keeping and then, the price is suddenly increased.

Hence, the increase of the new SUV from $24,000 to $26,000 after the agreement illustrates a low-balling technique.

Read more about low-balling technique

<em>brainly.com/question/14565653</em>

#SPJ12

6 0
1 year ago
An important safety precaution is to ensure that the tools put into use meet the ---------standards.
Tanya [424]
I imagine it's either OSHA or ANSI.
8 0
3 years ago
The advantages of using a licensing strategy to participate in foreign markets include.
PtichkaEL [24]

Answer:

The advantages of using license strategy are given below.

  • Well suited to acheive scale of economies.
  • Its helps in charging lower price than rivals.
  • Helps to achieve first-mover advantages quickly and easily.
  • Less risky strategy as you do not need to invest heavily in capital in the form of machinery, land , building and e.t.c
  • Easy do terminate operations as dis-investment is easy in this case.

6 0
3 years ago
Layton Company purchased tool sharpening equipment on October 1, 2012, for $108,000. The equipment was expected to have a useful
dusya [7]

The amount of depreciation expense for the years ended December 31, 2012, 2013, 2014, and 2015, for Layton Company is determined as follows:

<h3>(a) the straight-line method:</h3>

2012:    $33,600

2013:   $33,600

2014:   $33,600

2015:   $0

<h3>(b) the units-of-output method:</h3>

2012:    $11,340 (1,350 x $8.40)

2013:   $35,280 (4,200 x $8.40)

2014:   $30,660 (3,650 x $8.40)

2015:   $23,520 (2,800 x $8.40)

<h3>(c) the double-declining-balance method:</h3>

2012:    $71,993 ($108,000 x 0.6666)

2013:   $24,002 ($36,007 x 0.6666)

2014:   $4,805 ($12,005 - 7,200))

2015:   $0

<h3>Data and Calculations:</h3>

Cost of equipment = $108,000

Useful life = 3 years

Operating hours = 12,000

Residual value = $7,200

Depreciable amount = $100,800 ($108,000 - $7,200)

Straight-line depreciation rate = $33,600 per year ($100,800/3)

Units-of-output method rate = $8.40 per hour ($100,800/12,000)

Double-declining-balance method rate = 66.6666 (100/3)

Thus, the depreciation expenses for the years ended December 31, 2012, 2013, 2014, and 2015, for Layton Company have been determined using (a) the straight-line method, (b) the units-of-output method, and (c) the double-declining-balance method.

Learn more depreciation methods at brainly.com/question/17102168

#SPJ1

3 0
2 years ago
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