Business, 18.03.2021 01:20, avriannamcclenton1

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

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