Business, 29.12.2020 23:30 charati3923
Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, and $50 increments. Assume Apple sells $20.3 million in iTunes gift cards in November, and customers redeem $13.3 million of the gift cards in December.
Required:
1. Record the advance collection of $20 million for i tunes gift cards.
2. Record the revenue earned ehen $ 13 million in gift card is redeemed.
Answers: 1
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Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTune...
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