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8_murik_8 [283]
4 years ago
7

Peterson Photoshop sold $1,300 in gift cards on a special promotion on October 15, 2021, and sold $1,950 in gift cards on anothe

r special promotion on November 15, 2021. Of the cards sold in October, $130 were redeemed in October, $325 in November, and $390 in December. Of the gift cards sold in November, $195 were redeemed in November and $455 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 12/31/2021, Peterson would show a deferred revenue account for the gift cards with a balance of:
Business
1 answer:
Anastaziya [24]4 years ago
4 0

Answer:

$1,300

Explanation:

Given that,

On November 15, 2021

sold gift cards = $1,950

Of the gift cards sold in November,

Redeemed in November = $195

Redeemed in December = $455

Therefore, the deferred revenue is as follows

= November sales - Redemptions

=  November sales - (Redeemed in November + Redeemed in December)

= $1,950 - ($195 + $455)

= $1,950 - $650

= $1,300

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stepan [7]

Answer: Amelia is wrong because she is a partaker in the crime.

Explanation:

When gang members rob a shop, not all do the robbing at the same time, some drive the robbers, some stay on guard to watch the situation, and they are those that rob, but when they are caught, the law prosecutor goes for all of them involved because they acted as a team to carry out such act. It is same with this scenario, anyone who is fully aware and supported any criminal acts is considered a violator of the law. All people who participated in a criminal act is guilty of the crime.

However, it will only be punishable if there are witnesses and evidence to show that they partook in the event.

7 0
3 years ago
Collins Inc. is investigating whether to develop a new product. In evaluating whether to go ahead with the project, which of the
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Answer:

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Explanation:

If you look at all the other options that are listed here, they either are a significant sum to the company or has a significant the opportunity cost. In this one, company uses idle assets and therefore bears no opportunity cost.

4 0
4 years ago
g The contribution margin ratio of Donath Corporation's only product is 64%. The company's monthly fixed expense is $454,200 and
zloy xaker [14]

Answer:

Break-even point (dollars)= $772,500

Explanation:

Giving the following information:

The contribution margin ratio of Donath Corporation's only product is 64%. The company's monthly fixed expense is $454,200 and the company's monthly target profit is $40,200.

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Break-even point (dollars)= (454,200 + 40,200) / 0.64

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6 0
3 years ago
To achieve the social optimum, the government could set a tax equal to ________ per unit sold.
belka [17]

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Proponents of significant increases or cuts in the United States marginal tax rates have long provided statistical evidence of the existence of their proposals.

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3 years ago
If a company issues 2,500,000 shares with voting rights, how many shares must an investor buy to be assured control of the compa
lbvjy [14]
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