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Question 3 2 pts Bonita Industries includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a
Question 3 2 pts Bonita Industries includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a leash. The leashes cost Bonita $5 each. Bonita estimates that 40 percent of the coupons will be redeemed. Data for 2020 and 2021 are as follows: 2020 2021 Bags of dog food sold 480,000 590,000 Leashes purchased 17,000 23,000 Coupons redeemed 120,000 170,000 The premium liability at December 31, 2021 is O $86,250 O $41,250 $20,625 O $45,000
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