Ominous Studios,in an Effort to Promote the Release of Their

question 96

Essay

Ominous Studios,in an effort to promote the release of their new movie "Dragons from Space," began a national sales promotion campaign.Two coupons from specially marked boxes (one coupon in each box)of "Sweet Pops" cereal are redeemable for one ticket to the show.Tickets cost Ominous $1.50 each.Ominous estimates that 40 percent of the coupons will be redeemed.At the end of 2014,the following information is available:

What is the estimated liability for premium claims outstanding at December 31,2014?

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Definitions:

Anomie

A state or condition of society characterized by a breakdown or absence of social norms and values, often leading to social instability and disintegration.

Online Support Groups

Virtual forums where individuals can connect, share experiences, and offer mutual assistance for dealing with specific issues or challenges.

Electronic Media

Media that use electronics or electromechanical energy for the end user (audience) to access the content, such as television, radio, and internet-based media.

Reference Group

A group that individuals compare themselves to for the purpose of evaluating their own behaviors, attitudes, and beliefs.