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Business, 12.12.2019 02:31 girlhooper4life11

Waterway frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from waterway frosted flakes boxes and $2. the company estimates that 60% of the boxtops will be redeemed. in 2018, the company sold 1365000 boxes of frosted flakes and customers redeemed 66 boxtops receiving 22 bowls. if the bowls cost waterway company $4 each, how much liability for outstanding premiums should be recorded at the end of 2018?

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