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
Klio2033 [76]
2 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]2 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.

You might be interested in
When compared to internal recruitment, an advantage of external recruiting is that ______________________________. a. its select
Nostrana [21]

Answer:

d. it has the potential to generate larger applicants pools.

Explanation:

A business can choose to fill a vacancy by internal recruitment if it wants to hire or fill the vacancy immediately or if the company work is of complex nature that only internal employees can understand quickly and hiring external will consume time for learning and development. The cons of internal recruitment includes that a company can limit the new talent and fresh blood. The advantage of external recruitment is that it has potential to generate larger pool of applicants and bring new talent, more skilled or qualified candidates can be hired to the company.

7 0
3 years ago
Read 2 more answers
In the short run, prices may rise faster than costs. This chapter discusses why this might happen. Suppose that labor and manage
Ainat [17]

Answer:

Slope of short-run aggregate supply curve: wage-price flexibility

In the short run, some factors are fixed and some factors can vary and the costs incurred on fixed factors are constant. Thus, the price level does not change as fast as it could have been if all are variable resources.

However, if prices are subjected to the variation in the wages, then the price level will increase faster than the costs. If actual price level is below the expected level, then the nominal wage rate is more than the expected and vice-versa. This would result in a greater slope of the short-run aggregate supply curve, which means short-run aggregate supply curve will be relatively steeper.

In the short run, the wage rate and price level are sticky downward because fall in nominal wage of workers will reduce the incentive to work.

Hence, if the wage rate adjusts continuously to any change in price; then the aggregate supply curie is relatively steep, and when wage and price level are sticky,  then the short-run aggregate supply curve will be relatively flat.

5 0
3 years ago
While stockholders elect the board of directors of a corporation, the board of hires the president, vice president and other off
klemol [59]

The answer is directors.

<h3>What entity elects the board of directors for a corporation?</h3>
  • The corporation's stockholders elect its board of directors, but they play no other direct role in how the company is run. The board makes the important company decisions of directors.
  • The president of a corporation is chosen directly by its stockholders.
  • In addition to their duty as members of the board of directors, the officers are charged with particular duties. President As the company's chief executive officer, the president, is responsible for the following duties: Preside over board meetings. Served as the executive committee's chairman.
  • The promotion of the organization's work and the recruitment of resources to support its programs and services are some of the duties of board members.

While stockholders elect the board of directors of a corporation, the board of hires the president, vice president and other officers, who manage the corporation.

The answer is directors.

To learn more about The board of directors of a corporation, refer to:

brainly.com/question/21121907

#SPJ4

5 0
11 months ago
Carson company on july 15 sells merchandise on account to tayler co. for $2,000, terms 2/10, n/30. on july 20 tayler co. returns
julsineya [31]

The amount of cash received will be the net of discounts and sales returns.

Given,

the sales = $ 2,000

The sales return = $ 800

The discount will be allowed only if the payment is made within the discounts period i.e. 10 days. The sales were made in 15th July and Payment is made on 24th July, thus Carson company is eligible for the discount. The discount will be calculated on the sales net of returns

Net sales = $ 2,000 - $ 800 = $ 1200

Discount = 2 % X $ 1,200 = $ 24

The cash received = $ 2,000 - $ 800 - $ 24 = $ 1,176

5 0
3 years ago
How much would you have to invest today in the bank at an interest rate of 10% to have an annuity of $5600 per year for 7 years,
Shtirlitz [24]

Answer:

PV = $27,263.15

It will be needed to deposit the lump sum of $27,263.15

Explanation:

The question is asking for how much will you need to deposit in a lump sum  today to withdraw for seven years the sum of $5,600 with an interest rate of 10%

In other words it is asking us for the preset value of an annuity of $5,600 with interest of 10%

Using the present value of an annuity formula of $1 we can solve for the present value of that annuity, which is the amount needed to generate this annuity

C * \frac{1-(1+r)^{-time} }{rate}= PV\\

We post our knows value and solve it:

5,600 * \frac{1-(1+0.10)^{-7} }{0.10}= PV\\

PV = $27,263.15

8 0
3 years ago
Other questions:
  • Sodresh Sundials manufactures large stone sundials. It costs $14.22 to produce a sundial, which can then be sold for $36.75. The
    5·2 answers
  • Which of these statements about financial aid are true? Select all that apply. Most student loans from the government have a low
    6·2 answers
  • If a city of population 150,000 experiences 300 births, 220 deaths, 80 emigrants and 50 immigrants in the course of a year, what
    14·1 answer
  • Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $180,000. However, the b
    12·1 answer
  • When XYZ firm entered the market for good A two years​ back, it kept the price of its product low to attract customers away from
    13·1 answer
  • "A customer who has signed an arbitration agreement at account opening has a dispute with a representative that he wishes to set
    7·1 answer
  • Which of the following is most likely considered a weakness of present value models?
    15·1 answer
  • The sole proprietor of Sam's Swings is interested in gaining a better understanding of his current customers in terms of certain
    8·1 answer
  • Kohl’s is addressing the increasing importance of technology in the retail experience by investing in.
    9·1 answer
  • How is it possible for nominal GDP to rise but real GDP to fall from one year to the next?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!