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ss7ja [257]
3 years ago
12

Peterson Photoshop sold $2,700 in gift cards on a special promotion on October 15, 2021, and sold $4,050 in gift cards on anothe

r special promotion on November 15, 2021. Of the cards sold in October, $270 were redeemed in October, $675 in November, 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: ____________

a. $1,650.
b. $0.
c. $1,100.
d. $1,485.
Business
1 answer:
ozzi3 years ago
4 0

Answer:

1650 I think ... I think so maybe

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Pension plan assets were $1,200 million at the beginning of the year and $1,252 million at the end of the year. At the end of th
FromTheMoon [43]

Answer: 4%

Explanation:

From the question, we are informed that Pension plan assets were $1,200 million at the beginning of the year and $1,252 million at the end of the year and that at the end of the year, retiree benefits paid by the trustee were $28 million and cash invested in the pension fund was $32 million.

Based on the above scenario, the percentage rate of return on plan assets goes thus:

Opening balance of plan assets 1200

Add:- Actual return = 48

Add:- contributions = 32

Less :- retiree benefits = -28

Closing balance of plan assets = 1252

It should be noted that the actual return is the balancing figure which is calculated as:

= 1252 + 28 - 1200 - 32

= 48

The percentage rate of return on plan assets will now be:

= 48/1200

=0.04

= 4%

4 0
3 years ago
A firms have no incentive to enter or exit the industry. Select one: a. market price is equal to minimum long.run average cost.
Artyom0805 [142]

Answer: The correct answer is "d. all of the above"

Explanation: In a perfectly-competitive industry a firm have no incentive to enter or exit the industry when:

- market price is equal to minimum long-run average cost.

- each firm earns a normal return.

This happens because in perfect competition companies reach a long-term equilibrium where extraordinary benefits are eliminated.

6 0
3 years ago
John was ordering orange cones to use for soccer drills during practices. If John decided to purchase cones now, he would buy 10
FrozenT [24]

The own-price elasticity of the soccer cones is -0.67

The computation of the own-price elasticity of the soccer cones is as follows:

We know that

The Elasticity of demand is

= (change in quantity ÷ average quantity) ÷ (change in price ÷ average price)

Here

Change in quantity = 14 - 10 = 4

average quantity = (14 + 10) ÷ 2 = 12

change in price = 3 - 5 = -2

average price = (3 + 5) ÷ 2 = 4

So,

The Elasticity of demand is

= (4 ÷ 12) ÷ (-2 ÷ 4)

= -0.67

Therefore we can conclude that the own-price elasticity of the soccer cones is -0.67

Learn more about the price elasticity of demand here: brainly.com/question/15313354

5 0
2 years ago
We've talked a lot about "fixed" and "variable" expenses. We've talked about the way these expenses impact your budget and your
eimsori [14]

Answer:c

Explanation:

6 0
3 years ago
In its simplest form, amdahl's law maintains that if a given program would take one hour to run to completion with one processor
AlladinOne [14]
<span>20% is the maximum speed up possible for this program. For this problem, let's assign the time of 1 for the task when using a single processor. Now let's assume that we have an infinite number of processors available to handle the portion of the program that can be executed in parallel so that the execution time for that portion will be 0. That means that the total execution time with an infinite number of processors will be 1 * (0.80 + 0) = 1 * 0.80 = 0.80 So at best, the parallel program will take 80% of the time for the single threaded version. So the speed increase will be (1 - 0.80) / 1 = 0.20/1 = 0.20 = 20%</span>
4 0
3 years ago
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