Muggs co. includes one coupon in each bag of dog food it sells. in return for eight coupons, customers receive a leash. the leashes cost muggs $3 each. muggs estimates that 45 percent of the coupons will be redeemed. data for 2014 and 2015 are as follows: 2014 2015 bags of dog food sold 500,000 600,000leashes purchased 18,000 22,000coupons redeemed 120,000 150,000the premium liability at december 31, 2015 is? a. $22,500.b. $39,375.c. $45,000.d. $84,375.

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

How much are you willing to pay for a zero that matures in 10 years, has a face value of $1,000 and your required rate of return is 7%? round to the nearest cent. do not include a dollar sign in your answer. (i. e. if your answer is $432.51, then type 432.51 without $ sign)

The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled: