Answer:
The unredeemed gift cards should be reported as current liability on the balance sheet
Explanation:
Here in this question, we are interested in knowing how purchased but yet to be redeemed gift cards, having an extra year of validity should be recorded on the company’s present year-end financial statements.
The correct answer to this is that the yet to be redeemed gift card is to be recorded as a current liability on the present year balance sheet. When we talk of current liabilities, we are simply referring to those amounts in businesses which we are going to pay creditors within the year.
Although the gift card has been purchased, without redeeming yet still means there are some amount that is still yet to be paid out to the creditors. Now, since there is still a window of a whole full year before the creditors might no longer access the payment, then we can record the gift cards amount as current liabilities within the year which we are in since the payment is due to be paid within a whole full year.
condition where different economic firms seek to obtain a share of a limited good by varying the elements of the marketing mix: price, product, promotion and place.
Approximately 80 percent of the united states labor force is involved in providing services.
Answer:
2. Lease as much as you can.
Explanation:
The term 'bootstrapping' can be defined as a process used by entrepreneurs to bringing in use their own assets as the capital resource. These resources can include personal savings, personal property area, etc. An enterprenuer can use these resources to ensure positive cash flow.
The most common way of bootstrapping is to lease your resources. One can lease his/her resources as much as one can under bootstrapping technique.
Therefore, option 2 is correct.
In a within-groups design, there are two types of this design which are:
- The repeated-measures design
- The concurrent-measures design
<h3>What is within-groups design?</h3>
A within-groups design is known to be a kind of an experimental design that is one where each participant is said to often experiences the total levels of the independent variable.
Note that there are two types of this design which is the repeated-measures design whose role is to measure or one where participants are said to be opened to a lot of levels of the independent variable and they are known to be tested on the dependent variable after every exposure.
The second is said to be the concurrent-measures design and this is one where participants are said to communicate with the different levels of the independent variable in a simultaneous way..
Hence, In a within-groups design, there are two types of this design which are:
- The repeated-measures design
- The concurrent-measures design
Learn more about concurrent-measures design from
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