{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-17T10:46:05-04:00", "answer_date": "2024-06-17 10:46:05", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "3187611", "url": "\/study-help\/questions\/balley-co-includes-one-coupon-in-each-bag-of-dog-3187611", "question_creation_date_js": "2024-06-17T10:46:05-04:00", "question_creation_date": "Jun 17, 2024 10:46 AM", "meta_title": "[Solved] Balley Co. includes one coupon in each ba | SolutionInn", "meta_description": "Answer of - Balley Co. includes one coupon in each bag of dog food it sells. In return for 3 coupons, customers receive a dog toy | SolutionInn", "meta_keywords": "balley,includes,one,coupon,bag,dog,food,sells,return,3,coupons,customers", "question_title_h1": "Balley Co. includes one coupon in each bag of dog food it sells. In return for 3 coupons, customers receive a dog toy that the", "question_title": "Balley Co. includes one coupon in each bag of dog food it", "question_title_for_js_snippet": "Balley Co includes one coupon in each bag of dog food it sells In return for 3 coupons, customers receive a dog toy that the company purchases for $1 50 each Balley's experience indicates that 60 percent of the coupons will be redeemed During 2004, 100,000 bags of dog food were sold, 12,000 toys were purchased, and 45,000 coupons were redeemed During 2005, 120,000 bags of dog food were sold, 16,000 toys were purchased, and 60,000 coupons were redeemed Instructions Determine the premium expense to be reported in the income statement and the estimated liability for premiums on the balance sheet for 2004 and 2005", "question_description": "Balley Co. includes one coupon in each bag of dog food it sells. In return for 3 coupons, customers receive a dog toy that the company purchases for $1.50 each. Balley's experience indicates that 60 percent of the coupons will be redeemed. During 2004, 100,000 bags of dog food were sold, 12,000 toys were purchased, and 45,000 coupons were redeemed. During 2005, 120,000 bags of dog food were sold, 16,000 toys were purchased, and 60,000 coupons were redeemed. Instructions Determine the premium expense to be reported in the income statement and the estimated liability for premiums on the balance sheet for 2004 and 2005", "transcribed_text": "", "related_book": { "title": "Accounting What the Numbers Mean", "isbn": "9780077515904, 007802529X, 77515900, 978-0078025297", "edition": "10th edition", "authors": "David H. Marshall, Wayne W. McManus, Daniel F. Viele", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/262.jpg", "uri": "\/textbooks\/accounting-what-the-numbers-mean-10th-edition-262", "see_more_uri": "" }, "free_related_book": { "isbn": "0766822362", "uri": "\/textbooks\/dollars-and-sense-planning-for-profit-in-your-child-care-business-1st-edition-978-0766822368-385239", "name": "Dollars And Sense Planning For Profit In Your Child Care Business", "edition": "1st Edition" }, "question_posted": "2024-06-17 10:46:05", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/guess-the-value-of-the-limit-if-it-exists-by", "description": "Guess the value of the limit (if it exists) by evaluating the function at the given numbers (correct to six decimal places). x - 2x 15. lim x = 2.5, 2.1. 2.05. 2.01, 2.005, 2.001, x -x - 2' 1.9,...", "stars": 3 }, { "url": "\/study-help\/cost-accounting\/list-the-four-broad-categories-of-common-costs-and-the-1542455", "description": "List the four broad categories of common costs and the usual basis for allocation of costs in each category. 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If the energy required to do so is 250 Joule, calculate V.", "stars": 3 }, { "url": "\/study-help\/questions\/the-electric-potential-at-a-point-due-to-a-point-8082088", "description": "The electric potential at a point due to a point charge' q' is 50 V and the electric field at the same point is", "stars": 3 }, { "url": "\/study-help\/questions\/14-if-the-potential-at-any-point-in-two-dimensional-8082089", "description": "14. If the potential at any point in two dimensional pla is given as V(x)=4x +4. Find the electric field an potential at (2, 0).", "stars": 3 }, { "url": "\/study-help\/questions\/15-four-point-charges-of-magnitude-2-c-2-3-8082090", "description": "15. Four point charges of magnitude 2 C, -2, -3 and 6 C are kept at the four vertices of a square ABCD, with side 2 m. Find out the potential at the centre of the square.", "stars": 3 }, { "url": "\/study-help\/questions\/3-consider-an-experiment-to-evaluate-whether-an-herbal-extract-3833849", "description": "3) Consider an experiment to evaluate whether an herbal extract affects the immune system. The response can be measured using a particular cell assay system (a very complicated procedure, but the...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/please-solve-these-with-calculations-1-365-prove-that-sing-3187610", "next": "\/study-help\/questions\/how-can-antitrust-law-be-reformed-toward-the-implementation-of-3187612" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Balley Co. includes one coupon in each bag of dog food it", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/balley-co-includes-one-coupon-in-each-bag-of-dog-3187611" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } } }