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Mott Co.includes one coupon in each bag of dog food it sells.In return for eight coupons, customers receive a leash.The leashes cost Mott $2.00 each.Mott estimates that 40 percent of the coupons will be redeemed.Data for 2010 and 2011 are as follows:
-The estimated premium liability at December 31, 2011 is

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Use the following information for questions.
Mott Co.includes one coupon in each bag of dog food it sells.In return for eight coupons, customers receive a leash.The leashes cost Mott $2.00 each.Mott estimates that 40 percent of the coupons will be redeemed.Data for 2010 and 2011 are as follows: 
-The estimated premium liability at December 31, 2011 is

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The Answer of Use the following information for questions.
Mott Co.includes one coupon in each bag of dog food it sells.In return for eight coupons, customers receive a leash.The leashes cost Mott $2.00 each.Mott estimates that 40 percent of the coupons will be redeemed.Data for 2010 and 2011 are as follows: 
-The estimated premium liability at December 31, 2011 is

Use the Following Information for Questions