Answer and Explanation:
The journal entries are given below:
a. Deferred revenue from gift cards $19,000,000
To sales revenue $19,000,000
(being the sales revenue is recorded)
b.
Cash $12,000,000
To deferred revenue from gift cards $12,000,000
(Being the Receipt of cash from gift cards)
These two entries are to be recorded for the given situation
Answer:
The question is missing stock quotes which are found in the attached.
The maximum price that Norman Pilbarra will pay to buy 400 shares is $103.8 per share.
Explanation:
Judging from the attached stock quotes,the first 200 shares offered for sale is $103.5 per share while the next 200 shares is at a price of $103.8.
This then means that the maximum price for 200 shares is $103.8.This information is derived from the ask prices not bid prices since ask price is for sale,whereas bid is for purchase.
Answer:
d. II and III
Explanation:
Capital Allocation Line is a graphical representation of risk measurement for risky & risk free assets.
Risk aversion is the tendency of investors to prefer less expected payoff with certainty, over more expected payoff with risk & uncertainty. So, More risk averse investors have their investment concentration in more risk free securities than risky portfolio components, compared to less risk averse investors.
Investors expected utility is derived from their expected income or wealth payoff. Investors choose the portfolio, whose expected income level gives them corresponding maximum expected utility
Answer:
estimated value = $240000
so correct option is C. 240000
Explanation:
given data
net income = $1800
rate of return = 9%
to find out
estimated value
solution
net income annual will be = net income × 12 (months)
net income annual = $1800 × 12
net income annual = $21,600
so estimated value will be
estimated value = 
estimated value = 
estimated value = $240000
so correct option is C. 240000