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chubhunter [2.5K]
3 years ago
15

GoodBuy sells gift cards redeemable for GoodBuy products either in store or online. During 2018, GoodBuy sold $960,000 of gift c

ards, and $810,000 of the gift cards were redeemed for products. As of December 31, 2018, $39,000 of the remaining gift cards had passed the date at which GoodBuy concludes that the cards will never be redeemed. How much gift card revenue should GoodBuy recognize in 2018?
Business
1 answer:
balu736 [363]3 years ago
3 0

Answer:

$849,000 gift card revenue should GoodBuy recognize in 2018

Explanation:

gift cards revenue of GoodBuy recognized in 2018

=  gift cards redeemed + remaining gift cards

= $810,000 + $39,000

= $849,000

Therefore, $849,000 gift card revenue should GoodBuy recognize in 2018

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A security firm is offered $80,000 in one year for providing CCTV coverage of a property. Thecost of providing this coverage to
e-lub [12.9K]

Answer:

contract s not acceptable

Explanation:

Given data:

worth of CCTV coverage contract = $ 80,000

Coverage Cost   = $ 74,000

Interest rate = 8.5%

Present value of the CCTV coverage is PV

PV = \frac{$ 80,000}{1.0850} = $ 73,732.72

As we can see from above calculation that present value of receivable amount is less than  current cost, hence the contract is not acceptable

5 0
3 years ago
1. Alejandro and Roger are working on a group project for class that requires writing a paper and designing charts to explain th
Bezzdna [24]

Answer:

Alejandro´s opportunity cost is 2/3 of a chart.

Roger´s opportunity cost is 1/2 of a chart.

Explanation:

The cost of opportunity represent the benefits that you misses out on when choosing one alternative over another.  

In this case ,  we can say that Alejandro and Roger can produce 2 product.  And if they produce one ,  they loose the possibility of producing the other.

We can Illustrate this situation with a production possibility frontiers graph and  if we increase  the quantity produced of one good,  will  decrease the other, because the limited resources.  

Alejandro produce 3 three pages of the paper in the same time it takes him to create two charts. We use cross multiplication to get  how many charts Alejandro produce at the same time he produce a single page

1___x

3___2 so x= 1x2/3

So ,  in the time he produce a single page of the essay,  he could produce 2/3 of a chart. This is the cost opportunity.

Roger can write two pages of the paper in the same time he can produce a single chart. So,  in the time he produce a single page of the essay he could make half of a chart.  

Download xlsx
3 0
3 years ago
At June 30, Almond Co.'s cash balance was $10,012 before adjustments, while its ending bank statement balance was $10,772. Check
Lunna [17]

Answer:

The correct option here is B) $9,961.

Explanation:

For taking out the adjusted cash balance at June 30 we will subtract the error in ledger amount and debit memo for monthly service charge and add the interest earned from the initial cash balance before any adjustment is made.

INITIAL CASH BALANCE = $10,012

(-) ERROR IN LEDGER      = $95 -$59

                                         = $36 ( this is the amount that Almond co's have to

                                                    pay more )

(+) INTEREST EARNED    = $35

(-) SERVICE CHARGES    = $50

ADJUSTED CASH BALANCE = $9961

3 0
3 years ago
A company has designed a new product and tested the prototype. what is the next step in product development?
ohaa [14]

Answer:

A company has designed a new product and tested the prototype. What is the next step in product development ? Test - market the product.

Explanation:

Answer option A) Test - market the product.

5 0
3 years ago
Last season at City Opera House, far more people attended opera X than opera Y. However, opera Y generated far greater net profi
ryzh [129]

Answer:

c. a difference in the subject matters of operas X and Y

Explanation:

All factors could directly explain the fact that opera Y generated far greater net profits that did opera X except for this one. Although the subject matter might have some impact on sales, it could not do so in a direct way. It could only do so if we take other factors into account, such as the cost of producing a particular opera or the interest that people have on an opera (which results in greater or lesser ticket sales).

6 0
3 years ago
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