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CC COrp includes one coupon in each box of facial cleansers. If 10 coupons are redeemed together with a remittance of P10, the customer will

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CC COrp includes one coupon in each box of facial cleansers. If 10 coupons are redeemed together with a remittance of P10, the customer will get a towel as a premium. Cost to distribute the premium is P5. Based on historical figures, it is expected that only 30% of the premiums will be redeemed 2021 2022 2.500.000 2.000.000 Boxes of facial cleansers sold Number of towels purchased at P50 each Coupons redeemed 50,000 80,000 400.000 700.000 How much is the premium liability on December 31, 20217 Select) Select How much is the estimated premium expense for 2022

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