Business, 18.09.2019 20:30 necolewiggins1043
Circuittown commenced a gift card program in january 2018 and sold $10,000 of gift cards in january, $15,000 in february, and $16,000 in march of 2018 before discontinuing further gift card sales. during 2018, gift card redemptions were $6,000 for the january gift cards sold, $4,500 for the february cards, and $4,000 for the march cards. circuittown considers gift cards to be "broken" (not redeemable) 10 months after sale. required: 1. how much revenue will circuittown recognize with respect to january gift card sales during 2018? 2. prepare journal entries to record the sale of january gift cards, redemption of gift cards (ignore sales tax), and breakage (expiration) of gift cards. 3. how much revenue will circuittown recognize with respect to march gift card sales during 2018? 4. what liability for deferred revenue associated with gift card sales would circuittown show as of december 31, 2018?
Answers: 1
Another question on Business
Business, 22.06.2019 06:30
Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication
Answers: 2
Business, 22.06.2019 10:40
Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable
Answers: 2
Business, 22.06.2019 17:40
Within the relevant range, if there is a change in the level of the cost driver, then a. total fixed costs will remain the same and total variable costs will change b. total fixed costs will change and total variable costs will remain the same c. total fixed costs and total variable costs will change d. total fixed costs and total variable costs will remain the same
Answers: 3
Business, 23.06.2019 00:30
An emerging methodology to integrate the effort of the development team and the operations team to improve the functionality and security of applications is known as
Answers: 1
You know the right answer?
Circuittown commenced a gift card program in january 2018 and sold $10,000 of gift cards in january,...
Questions
Mathematics, 25.04.2020 03:13
Biology, 25.04.2020 03:13
Computers and Technology, 25.04.2020 03:13
Computers and Technology, 25.04.2020 03:13
