Use the Following Information for Questions
Kent Co -The Estimated Liability for Premiums at December 31, 2007 Is

question 26

Multiple Choice

Use the following information for questions
Kent Co.includes one coupon in each bag of dog food it sells.In return for eight coupons, customers receive a leash.The leashes cost Kent $2.00 each.Kent estimates that 40 percent of the coupons will be redeemed.Data for 2006 and 2007 are as follows: $\begin{array}{lrr}&2006&2007\\\text { Bags of dog food sold } & 500,000 & 600,000 \\\text { Leashes purchased } & 18,000 & 22,000 \\\text { Coupons redeemed } & 120,000 & 150,000\end{array}$
-The estimated liability for premiums at December 31, 2007 is

• A)$11,250.
• B)$21,250.
• C)$22,500.
• D)$42,500.

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Definitions:

Cervix

The narrow passage forming the lower end of the uterus, connecting it to the vagina, and playing a crucial role in childbirth and menstrual flow.

Post-formal

Relating to or denoting cognitive development stages in adults beyond formal operational thought, including complex decision-making and understanding of paradoxes.

Logical

Pertaining to or characterized by clear, systematic reasoning or the formal principles of reasoning.

Concrete

Relating to or characterized by tangible or material things, rather than abstract concepts.