Apple Inc. is the numberone online music retailer through its iTunes musicstore. Apple sells iTunes gift cards in $15, $25, and $50 increments. Assume Apple sells$20 million in iTunes gift cards in December, and customers redeem $13 million of the gift cards.1. Record the advance collection of $20 million for iTunes gift cards.2. Record the revenue earned when $13 million in gift cards is redeemed.

Which is the correct expansion of the term internet? a. internetwork b. institutional network c. instructional network d. international network

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided

As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits