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Klio2033 [76]
3 years ago
9

CircuitTown commenced a gift card program in January 2018 and sold $12,900 of gift cards in January, $19,950 in February, and $1

9,800 in March of 2018 before discontinuing further gift card sales. During 2018, gift card redemptions were $8,400 for the January gift cards sold, $5,700 for the February cards, and $5,550 for the March cards. CircuitTown considers gift cards to be "broken" (not redeemable) 10 months after sale. Required: 1. How much revenue will CircuitTown recognize with respect to January gift card sales during 2018
Business
1 answer:
MatroZZZ [7]3 years ago
8 0

Answer: $12,900

Explanation:

Given that,

sold gift cards in January = $12,900

sold gift cards in February = $19,950

sold gift cards in March = $19,800

During 2018, gift card redemptions were:

January = $8,400

February = $5,700

March = $5,550

Revenue recognized in 2018 with respect to January gift card sales:

= Gift card redemption in January + Gift card breakage

= $8,400 + ($12,900 - $8,400 )

= $8,400 + $4,500

= $12,900  

Out of this $8,400 will be gift card redemption and $4,500 gift card breakage.

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vovikov84 [41]
The answer is Sullivan Principles. General Motors embraced what came to be named as Sullivan principles. This is name after Leon Sullivan which is also a member of GM's Board of Directors. Sullivan contended that it was morally right for GM to function in South Africa so long as two circumstances were satisfied. First, the company should not follow the apartheid laws in its own South African operations. Second, the firm should do all within its power to endorse the elimination of apartheid laws.
5 0
3 years ago
Which of the following constitutes constructive receipt in the current year ended December​ 31?a. A salary check received at​ 6:
zubka84 [21]

Answer:

a. A salary check received at​ 6:00 p.m. on December​ 31, after all the banks have closed.

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Explanation:

The principle of constructive receipt is determined by when the person who receives the income had control over it. An individual or company is considered to have control over income when it is credited to that person or company. Basically, it's when you could spend that income if you wanted, even if you don't spend it.

From the principle of constructive receipt in the above paragraph, only option a (A salary check received at​ 6:00 p.m. on December​ 31, after all the banks have closed.) and b ( A rent check received on December 30 by the manager of an apartment complex. The manager normally collects the rent for the owner. The owner was out of town.) fall within the category. The other three options, the person is unable to spend the check even if they wanted to, until after December 31.

6 0
3 years ago
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LenKa [72]

Answer:

Option (B) is correct.

Explanation:

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For example: The united states wants to import 50,000 cars from Japan but there is an import quota of 40,000 cars. So, the consumers in the United States won't be able to import remaining 10,000 cars.

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Explanation:

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The ideal, therefore, would be for Malik to find a strategy to make the exemplary employee's work more flexible and thus his tasks would become more dynamic and facilitated as much as possible, which would assist in the employee's productivity and motivation.

It would also be ideal to institute new work challenges for employees with appropriate training and work redesign, so that their problems are reduced and their appreciation and satisfaction with their work is increased.

5 0
3 years ago
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klio [65]

Answer: A Semantic Differential Scale question.

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A rating scale may be a Likert scale or a Semantic differential scale.

In a Likert scale the choices usually range between strongly agree and strongly disagree.  

In a semantic differential scale, however, each end of the scale has opposing sentences. In the question above, the five-point scale ranges from “hilarious” to “not funny”. Since this scale has opposing sentences at each end, this question is a semantic differential scale question.


6 0
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