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zalisa [80]
2 years ago
11

Peterson Photoshop sold $1,900 in gift cards on a special promotion on October 15, 2021, and sold $2,850 in gift cards on anothe

r special promotion on November 15, 2021. Of the cards sold in October, $190 were redeemed in October, $475 in November, and $570 in December. Of the gift cards sold in November, $285 were redeemed in November and $665 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:
Furkat [3]2 years ago
5 0

Answer:

$1,900

Explanation:

Calculation for what Peterson would show as a deferred revenue account for the gift cards with a balance of:

Deferred revenue account=$2,850+($285+$665)

Deferred revenue account=$2,850-950

Deferred revenue account=$1,900

Therefore At 12/31/2021, Peterson would show a deferred revenue account for the gift cards with a balance of:$1,900

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​Midtown, Inc. had the following transactions in​ 2018, its first year of​ operations: bullet Issued​ 31,000 shares of common st
Anna007 [38]

Answer:

The stockholders' equity is $6,90,000.

Explanation:

<u>Calculating the Total stockholders' equity:</u>

Total stockholders equity = Beginning stock equity + Net income

Total stockholders equity = (31,000 * 20) + 70,000

Total stockholders equity = 6,20,000 + 70,000

Total stockholders equity = $6,90,000

3 0
3 years ago
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
krek1111 [17]

Answer:

$61

Explanation:

The computation of unit product cost for the month under absorption costing is shown below:-

Unit product cost = Direct material + Direct labor + Variable Manufacturing overhead + Fixed manufacturing cost

= $18 + $10 + $4 + ($255,200 ÷ 8,800)

= $61

Therefore for computing the unit product cost for the month under absorption costing we simply applied the above formula.

4 0
3 years ago
Which of these types of products usually involves the customer doing comparison shopping?
choli [55]

Normally customer does comparison shopping between consumer goods

7 0
3 years ago
If the month-end bank statement shows a balance of $148000, outstanding checks are $48000, a deposit of $17000 was in transit at
kirill115 [55]

Answer:

$119,300

Explanation:

the bank balance must be adjusted by adding the deposit in transit and the check that was charged against the account by mistake, and you must also subtract outstanding checks:

adjusted bank balance = $148,000 + $17,000 + $2,300 - $48,000 = $119,300

5 0
3 years ago
What would be the most challenging part of working in Information technology
stellarik [79]

Answer:

The most challenging part of working in information technology are as given below:

1. Workload

2. Cybersecurity

3. Skills gaps

4. Digital transformation

5. Cloud computing

6.Budget

7.Leadership support in prioritizing new skills development

8.Analytics and data management

9.Automation

Explanation:

Many have been facing a new hurdle—not confined to IT. As millions of people adjust to the new norm of remote working, employees, as well as supervisors had to learn quickly how to improve virtual communication and collaboration. For those who don't have the habit of working from home, it may be a fight to avoid distractions that aren't a factor if you work at an office. (e.g. family members, house chores, Netflix).

In the event of a difficult transition to remote work, we offer various training courses designed specifically to help teams maximize virtual technologies and enhance soft skills, which are more critical when staff is in separate places.

4 0
3 years ago
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