B-bol King Co. started a new promotional program. For every 10 box tops returned, customers receive...

 

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B-bol King Co. started a new promotional program. For every 10 box tops returned, customers receive a basketball. The entity estimated that only 60% of the box tops reaching the market will be redeemed. The entity provided the following information: Units 100,000 Sales of product Amount P30,000,000 4,125,000 Basketballs purchased 5,500 Basketballs distributed 4,000 What is the amount of year-end estimated liability associated with this promotion? A. 1,500,000 B. 3,000,000 C. 4,125,000 D. 4,500,000 B-bol King Co. started a new promotional program. For every 10 box tops returned, customers receive a basketball. The entity estimated that only 60% of the box tops reaching the market will be redeemed. The entity provided the following information: Units 100,000 Sales of product Amount P30,000,000 4,125,000 Basketballs purchased 5,500 Basketballs distributed 4,000 What is the amount of year-end estimated liability associated with this promotion? A. 1,500,000 B. 3,000,000 C. 4,125,000 D. 4,500,000

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