1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
In order to examine the potential success of its 1/3 pound Angus hamburger, McDonald's started offering and promoting the produc
maks197457 [2]

Answer: Test marketing

Explanation:

 The test marketing is one of the concept that helps in explaining the various type of marketing and the business field concepts as it providing the various types of opportunities for testing the goods.

The man aim of the test marketing is that it evaluating the overall sales performance of an specific organization.

According to the given question, the McDonald's is start promoting and also offer the various types of products and examining the success this is known as the test marketing evaluation process.

 Therefore, Test marketing is the correct answer.

   

8 0
3 years ago
Professor may wants to learn how grandparents define their role when they become the guardians of their grandchild. may asks gra
nirvana33 [79]
Based on one research of Baker, Silverstein, and Putney this situation is based on a paradigm of structural lag and political economy of aging. <span>The problem of grandparents' capacity to gain custody of their own grandchildren became the problem. </span><span>Which should be the question of how the government should support a family that has this kind of situation.</span>
6 0
3 years ago
Earnings on principal is called interest. True False
enyata [817]
True

Mark as brainliest plz.
8 0
3 years ago
On December 31, Briar Co. disposed of a piece of equipment that cost $6,000 with accumulated depreciation as of December 31 of $
Setler [38]

Briar Co. disposed of a $6,000 piece of equipment on December 31 with $4,500 in accrued depreciation as of that date. Then $1,500 will be debited from the Loss on Equipment Disposal account.

<h3>What is loss on Equipment Disposal account?</h3>

Gain/Loss on Asset Disposal is a common account name of the Equipment Disposal account.

The net difference between the initial asset cost and any cumulative depreciation (if any) is debited to the disposal account, while the balances in the fixed asset account and the accumulated depreciation are reversed.

On December 31, the debited amount is calculated as:

=\text{Disposed Equipment- Accumulated Depreciation}\\\\ =\$6,000- \$4,500\\\\ =\$1,500

Therefore, $1,500 will be the amount of loss on disposal of the Equipment.

Learn more about the depreciation, refer to:

brainly.com/question/14682335

#SPJ1

7 0
2 years ago
Carrigan has just launched his new business. He has great plans for expansion later but for now, the most appropriate and effect
rewona [7]

Answer:

one product strategy

Explanation:

Based on the information provided within the question it can be said that the best strategy in this situation would be a one product strategy. This is a business strategy in which the company focuses on a single flagship product and making it sell as much as possible before diversifying into other products. This prevents the company from being overwhelmed with various products and instead allows them to focus and one and grow the product as well as the company.

3 0
3 years ago
Other questions:
  • The common stock of the P.U.T.T. Corporation has been trading in a narrow price range for the past month, and you are convinced
    9·1 answer
  • Earl holds 1,000 pounds of perishable fruit in storage for fresh food corporation. fresh food does not pay for the storage. earl
    9·1 answer
  • Google this for me: What is business management?
    15·1 answer
  • Managing a healthcare setting today is different than it was 50 years ago. give an example of an ethical situation facing the he
    5·1 answer
  • Problem 4-6 (Algo) Income statement presentation; Discontinued operations; EPS [LO4-1, 4-3, 4-4, 4-5] Rembrandt Paint Company ha
    5·1 answer
  • The Draper Corporation is considering dropping its Doombug toy due to continuing losses. Data on the toy for the past year follo
    7·1 answer
  • teaching a newly diagnosed client about systemic lupus erythematosus(SLE). What statement by the client indicates the teaching w
    11·1 answer
  • Jim is in the market for a car that will last for the next 10 years and has saved up some Miami for the purpose of a car .whats
    13·1 answer
  • If a nation has a comparative disadvantage in the production of some commodity: Group of answer choices it cannot gain from inte
    10·1 answer
  • Distinguish between the Federal funds rate and the prime interest rate. Which of these two rates does the Fed explicitly target
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!