Question: Current Attempt in Progress Cullumber Co . includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive

Current Attempt in Progress
Cullumber Co. includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a leash. The leashes
cost Cullumber $5 each. Cullumber estimates that 40 percent of the coupons will be redeemed. Data for 2025 and 2026 are as
follows:
The premium expense for 2025 is
$312500.
$51250.
$125000.
$91250.
eTextbook and Media
Current Attempt in Progress Cullumber Co. includes one coupon in each

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