1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
loris [4]
3 years ago
15

Peterson Photoshop sold $1,100 in gift cards on a special promotion on October 15, 2016, and sold $1,650 in gift cards on anothe

r special promotion on November 15, 2016. Of the cards sold in October, $110 were redeemed in October, $275 in November, and $330 in December. Of the cards sold in November, $165 were redeemed in November and $385 were redeemed in December. Peterson views the probability of redemption of a gift card as remote if the card has not been redeemed within two months. At 12/31/2016, Peterson would show a deferred revenue account for the gift cards with a balance of: $1,650. $0. $1,100. $1,485.
Business
1 answer:
Anna71 [15]3 years ago
6 0

Answer:

Deferred Revenue account for the gift cards will show a balance of $1,100.

Explanation:

This $1,100 is the balance from the November 15 sales of $1,650 for which $165 and $385 were redeemed in November and December respectively.

The unredeemed balance of $385 from October 15 sales would be written off as uncollectible since Peterson views the probability of redemption as remote after two months.

It is prudent, therefore, to exclude $385 from deferred revenue account.

You might be interested in
On January 1, a company issues bonds dated January 1 with a par value of $460,000. The bonds mature in 5 years. The contract rat
Stolb23 [73]

Answer:

January 1, 202x, bonds issued at a discount

Dr Cash 441,361

Dr Discount on bonds payable 18,639

         Cr Bonds payable 460,000

amortization of bond discount = ($441,361 x 4%) - ($460,000 x 3.5%) = $17,654.44 - $16,100 = $1,554.44

June 20, 202x, first coupon payment

Dr Interest expense 17,654.44

       Cr Cash 16,100

       Cr Discount on bonds payable 1,554.44

7 0
3 years ago
The ___________ must be the basis for a project cost estimate if you plan to create a cost baseline and use earned value managem
kogti [31]

The work breakdown structure must be the basis for a project cost estimate if you plan to create a cost baseline and use earned value management as part of monitoring and controlling costs.

Work can be made more manageable and approachable by using a common productivity strategy called task breaking. The Work Breakdown Structure (WBS), one of the most significant projects management papers, is the tool that applies this technique to projects. It does it on its own, integrating scope, cost, and schedule baselines to guarantee project plans are in sync.

The Work Breakdown Structure is a "deliverable-oriented hierarchical decomposition of the work to be completed by the project team," according to the PMI Project Management Book of Knowledge (PMBOK). WBS can be divided into two categories: deliverable-based and phase-based. The deliverable-based strategy is the most popular and preferred method. The Elements listed in the first Level of the WBS are the primary distinction between the two methodologies.

Learn more about project costs here brainly.com/question/15518327

#SPJ4

3 0
1 year ago
Ramesh works in a small civil-society organization with the mission to fight child labor in india. His organization has identifi
-Dominant- [34]

"A multinational organization known for responsible labor standards" has the most adequate resources to collaborate with Ramesh in the achievement of this goal.

Child labor alludes to the work of kids in any field that denies kids of their rightful childhood, meddles with their capacity to go to school, and that is rationally, physically, socially or ethically risky and destructive. This is viewed as exploitative by numerous global associations.  

6 0
3 years ago
What are the phases of Design Thinking and discuss its importance
OLga [1]

Answer:

Design thinking is a non-linear, iterative process that teams use to understand users, challenge assumptions, redefine problems and create innovative solutions to prototype and test. Involving five phases—Empathize, Define, Ideate, Prototype and Test—it is most useful to tackle problems that are ill-defined or unknown.

Explanation:

4 0
3 years ago
Read 2 more answers
Gulf Shores Inn is comparing two separate capital structures. The first structure consists of 300,000 shares of stock and no deb
tangare [24]

Answer:

The price per share of equity is $37.083

Explanation:

The first capital structure is purely equity based and Guld Shores will sell 300000 shares at price x to raise the needed capital.

The second structure is a mixed or leveraged structure where both debt and equity components are involved. The capital that needds to be raised remains constant.

Gulf has to give up 300000 - 252000 = 48000 shares and raise 1.78 million dollars from debt. We assumed that the amount that Gulf will raise is the ame from both th structures. Then 48000 shares at price x are equal to $1.78 million debt.

So, Price per share of equity is,

1,780,000 = 48000x

1780000 / 48000 = x

x or price per share = $37.083

6 0
4 years ago
Other questions:
  • If the government imposes a price ceiling, then: the price offered by producers must be at or below the ceiling price. the marke
    9·1 answer
  • What is the elastic clause and how does it help the constitution remain relevant?
    12·1 answer
  • Tom is managing a project team responsible for erecting a new office building. He notices that team members are trying out diffe
    15·2 answers
  • It is important to identify and use only incremental cash flows in capital investment decisions:A) because they are the simplest
    9·1 answer
  • One study of businesses maintains that many businesses are __________ flextime, job sharing, and paid family leave.
    13·1 answer
  • Costly Corporation is considering a new preferred stock issue. The preferred would have a par value of $1000 with an annual divi
    14·1 answer
  • A table for a monthly bank reconciliation dated September 30 is given below. For each item 1 through 12, indicate whether the it
    15·1 answer
  • Mateo exchanges a rental house at the beach with an adjusted basis of $225,000 and a fair market value of $200,000 for a rental
    15·1 answer
  • Price and Cost (Pvt) Ltd Company makes a single product, whose unit budget details are as follows: BWP BWP
    14·1 answer
  • Yater's Inc. is a food and beverage company based in the United States. The company decides to market and sell its products in a
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!