 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Did you ever answer kbhp 1988 questions one or two
1. In an effort to increase sales, Rofix Company began a sales promotion campaign on June 30, 2011. Part of this promotion included placing a special coupon in each package of candy bars sold. Customers were able to redeem ten coupons for a Frisbee. Each premium costs Rofix $1.50. Rofix estimated that 60 percent of the coupons issued will be redeemed. For the six months ended December 31, 2011, the following information is available:
Packages of candy bars sold... 3,200,000 Premiums purchased... 172,000 Coupons redeemed... 1,425,000 What is the estimated liability for premium claims outstanding at December 31, 2011? How do you figure out the problem? |
||||
Check out some similar questions!
1. In an effort to increase sales, Rofix Company began a sales promotion campaign on June 30, 2011. Part of this promotion included placing a special coupon in each package of candy bars sold. Customers were able to redeem ten coupons for a Frisbee. Each premium costs Rofix $1.50. Rofix estimated...
1. In an effort to increase sales, Rofix Company began a sales promotion campaign on June 30, 2011. Part of this promotion included placing a special coupon in each package of candy bars sold. Customers were able to redeem ten coupons for a Frisbee. Each premium costs Rofix $1.50. Rofix estimated...
Hello - My Mother lost our family cottage to a Quit Claim deed in 1988. She took a cash loan in exchange for the property and did not pay back the loan as agreed. Therefore, the people took possession of the cottage and all the contents. Qs: Does my mother currently hold any claim to the title? ...
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
