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Business, 31.10.2019 02:31 andybiersack154

Barlo lunch snacks places a coupon in each box of its cracker product. customers may send in five coupons and $3, and the company will send them a recipe book. sufficient books were purchased at a cost of $5 each. a total of 500,000 boxes of product were sold in 2016. it was estimated that 4% of the coupons would be redeemed. during 2016, 9,000 coupons were redeemed. what is barlo's premium expense for 2016?

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