User Account

All Pages

What the premium liability at december is

Assignment Help Accounting Basics
Reference no: EM132568511

Oriole Company includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a leash. The leashes cost Oriole $3 each. Oriole estimates that 60 percent of the coupons will be redeemed. Data for 2017 and 2018 are as follows:

                                                  2017                            2018

Bags of dog food sold            510000                 590000

Leashes purchased              17000                     24000

Coupons redeemed             100000                   150000

Question 1: The premium liability at December 31, 2017 is

a) $76500.

b) $88500.

c) $77250.

d) $66500.

Reference no: EM132568511

Questions Cloud

Find for March the equivalent units of production : Dorchester uses the weighted average method. Use this information to find for March 2019 the equivalent units of production for conversion costs
What would be the final price using cost-based pricing : The mark-up pricing percentage Wild Blue Preserves plans to use is 100 per cent. What would be the final price using cost-based pricing?
Research the current desktop processors : Research the current desktop processors available from both AMD and Intel. Build requirements for: a low cost computer, a mid-range,
Asymmetric and symmetric encryption methodologies : Complete a matrix that compares the asymmetric and symmetric encryption methodologies (PKI, TLS, SSL) for protecting data within the network.
What the premium liability at december is : What The premium liability at December 31, 2017 is? Oriole Company includes one coupon in each bag of dog food it sells. In return for eight coupons
Describe the results of the work environment assessment : Describe the results of the Work Environment Assessment you completed on your workplace. Identify two things that surprised you about the results and one idea.
Find the amount of overhead over or under applied : During March, 12,600 hours were actually worked. Use this information to find the amount of overhead over or under applied
What will sheffield report as a loss on redemption : If the bonds are retired on January 1, 2018, at 102, what will Sheffield report as a loss on redemption? At December 31, 2017 the balances
Determine the standard overhead rate : During March 2019, Virginia Bay Corporation recorded $275,000 of costs related to factory overhead. Determine the standard overhead rate

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd