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Murrr4er [49]
2 years ago
10

Bull'sEye sells gift cards redeemable for Bull'sEye products either in-store or online. During 2016, Bull'sEye sold $2,000,000 o

f gift cards, and $1,800,000 of the gift cards were redeemed for products. As of December 31, 2016, $150,000 of the remaining gift cards had passed the date at which Bull'sEye concludes that the cards will never be redeemed. How much gift card revenue should Bull'sEye recognize in 2016?
a) $2,000,000
b) $1,950,000
c) $1,850,000
d) $1,800,000
Business
1 answer:
alekssr [168]2 years ago
4 0

Answer:

b) $1,950,000

Explanation:

Value of gift cards redeemed with those whose date of redemption has passed, will both have the amount to revenue out of $2,000,000 of the gift cards sold.

Total gift card revenue to be recognized in 2016 = $1,800,000 + $150,000

Total gift card revenue to be recognized in 2016 = $1,950,000

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An increase in price causes an increase in total revenue when demand is
nadezda [96]

Answer:

elasticity of demand will be inelastic

Explanation:

Here in the question it is provided in the statement that with an increase in price there is an increase in total revenue

Therefore,

change in price and change in revenue will be positive

Mathematically,

\frac{dR}{dP} > 0

Now,

When,

\frac{dR}{dP} > 0

then,

the elasticity of demand will be Ed will be < 1

which means the elasticity of demand will be inelastic

7 0
2 years ago
Uchimura Corporation has two divisions: the AFE Division and the GBI Division. The corporation's net operating income is $11,500
HACTEHA [7]

Answer:

$114,100

Explanation:

Data provided:

corporation's net operating income = $11,500

FE Division's divisional segment margin = $80,100

GBI Division's divisional segment margin = $45,500

Now,

the total segment margin

= ( FE Division's divisional segment margin ) + ( GBI Division's divisional segment margin )

on substituting the respective values, we get

the total segment margin = $80,100 + $45,500 = $125,600

Thus,

the common fixed expense not traceable to the individual divisions will be calculated as:

= the total segment margin -corporation's net operating income

on substituting the respective values, we get

= $125,600 - $11,500

= $114,100

5 0
3 years ago
Statement: "We have permitted ourselves to be stampeded into a life of unnatural and dangerous high pressure. We pace
trasher [3.6K]

The Statement: "We have permitted ourselves to be stampeded into a life of unnatural and dangerous high pressure is onw where Assumption was  not made.

<h3>What is a true assumption?</h3>

If a person make an assumption that something is said to be true or will take place, the person need to accept that it is true or that it will occur, often without any kind of proof.

When you look at the statement above, there is no fact to prove that the said assumption is true and therefore, the Statement: "We have permitted ourselves to be stampeded into a life of unnatural and dangerous high pressure is onw where Assumption was  not made.

Learn more about Assumption  from

brainly.com/question/2875871

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4 0
1 year ago
Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of oper
Olin [163]

Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations:

Variable costs per unit:                        

Manufacturing:

Direct materials                                               $ 6

Direct labor                                                      $ 9

Variable manufacturing overhead                 $ 3

Variable selling and administrative                $ 4  

Fixed costs per year:

Fixed manufacturing overhead                      $ 300.000

Fixed selling and administrative                     $ 190.000

During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per unit.

The four steps of writing an income declaration are: to identify sources of sales, in addition to profits from investments, for an instance pick out business enterprise prices and losses incurred over the same period. Consolidate sales, charges, profits, and losses by means of category, payee, or some other factor.

Learn more about Income statements here:-brainly.com/question/1798830

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7 0
2 years ago
Record the consumption of supplies durning the month is supplies worth $4000 were purchased on January 5 and at the end of the m
Marat540 [252]

Answer: that means you got 3/4 worth of supplies that were purchased.

Explanation:

So the way you did this problem is so weird and is not understandable

4 0
3 years ago
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