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From the following data, calculate the estimate annual advance premium for workers' compensation insurance and record it in general journal form.
Shopping Effort
The amount of time and energy consumers expend to complete a purchase, including research, comparison, and decision-making processes.
Resale
The act of selling a product or service again after it has been purchased, often used goods.
Durable Goods
Goods not for immediate consumption and able to withstand use over time, such as appliances, cars, or furniture.
Promotional Mix
The blend of different marketing strategies and tools a company uses to effectively communicate its marketing message to its target audience, including advertising, sales promotion, and public relations.
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