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fiasKO [112]
3 years ago
14

Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, an

d $50 increments. Assume Apple sells $19.0 million in iTunes gift cards in November, and customers redeem $12.0 million of the gift cards in December.
Required:
a. Record the necessary entries.
b. Record the receipt of cash for gift cards.
Business
1 answer:
ANTONII [103]3 years ago
8 0

Answer and Explanation:

The journal entries are given below:

a. Deferred revenue from gift cards $19,000,000  

           To sales revenue $19,000,000

(being the sales revenue is recorded)

b.

Cash $12,000,000

       To deferred revenue from gift cards $12,000,000

(Being the Receipt of cash from gift cards)

These two entries are to be recorded for the given situation  

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Advocard [28]
Ok so what is the question, I think you forgot a little bit of info
8 0
3 years ago
The complex whole that includes knowledge, belief, art, law, morals, customs, and any other capabilities and habits acquired by
timurjin [86]

The classic anthropological definition of culture is ---“that complex whole which includes knowledge, belief, art, law, morals, custom, and any other capabilities and habits acquired by man as a member of society”

What is the meaning of complex whole?

Whenever a relation holds between two or more terms, it unites the terms into a complex whole. Literature. The food industry as a complex whole requires an incredibly wide range of skills. If Othello loves Desdemona, there is such a complex whole as 'Othello's love for Desdemona'.

What is a complex culture?

a group of culture traits all interrelated and dominated by one essential trait: Nationalism is a culture complex.

How do you define culture and society?

A culture represents the beliefs and practices of a group, while society represents the people who share those beliefs and practices. Neither society nor culture could exist without the other.

Learn more about complex culture:

brainly.com/question/18512761

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6 0
2 years ago
Vaughn Manufacturing incurred the following costs for 84000 units: Variable costs $504000 Fixed costs 392000 Vaughn has received
kirill [66]

Answer: $9.80

Explanation:

The unit price to earn $5000 on the order will be calculated thus:

The variable costs for 2500 units will be:

= 504000/84000 × 2500

= 15000

The unit price will now be:

= (15000+4500+5000) / 2500

= 24500 / 2500

= $9.80

The unit price is $9.80

5 0
3 years ago
When savings accumulate beyond what may be needed for short-term goals and emergencies, then you have money available for invest
sasho [114]

Answer: True

Explanation:

 Yes, the given statement is true that the short term goals are refers to the goals that is achieved in short period of time by establishing a proper financial planning and also manage our expenditure for the purpose of investing the various types of goals.

According to the given question, For the purpose of investing we need availability of the money for setting the each goals in prioritized way and also eliminating the credit and debt funds.  

 Therefore, The given statement is true.

7 0
3 years ago
Full-service banks are authorized to conduct business without a license granted by the federal or state government.
mixas84 [53]

Answer:

B

Explanation:

(c) Any person who engages in the business of money transmission without a license as provided herein shall be guilty of a felony and, on conviction thereof, shall be fined not more than $25,000, or imprisoned for not more than 5 years, or both. (July 18, 2000, D.C. Law 13-140, § 24, 47 DCR 3431.) § 26–1024. Promulgation of rules.

I hope this helped.

7 0
3 years ago
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