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BlackZzzverrR [31]
2 years ago
12

Moretti Department Store sells gift cards that expire three years from the date of purchase. During 2019, Moretti sold $50,000 o

f gift cards, of which $1,500 were redeemed during 2021. At the end of 2021, it is estimated that approximately $800 of the 2019 balance remains unused, and Moretti concludes that it will never be redeemed. Moretti sold another $55,000 of gift cards in 2020, of which $22,000 were redeemed in 2021, and $60,000 of gift cards in 2021, of which $40,000 were redeemed in 2021.
Business
1 answer:
GenaCL600 [577]2 years ago
8 0

Answer:

$64,300

Explanation:

The amount of revenue that Moretti Department store should recognize as revenue in 2021 should be based on the redeemed amount in the year and unused balance:

1. $1,500 were redeemed during 2021

2. $800 2019 balance remains unused

3. $22,000 were redeemed in 2021

4. $40,000 were redeemed in 2021

Total Revenue for 2021 = $64,300

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What aspect of America were William Watts and Lloyd Free referring to when they labeled it "the country of individualism par exc
Murljashka [212]

Answer:

The emphasis that Americans place on economic self-reliance and free markets

Explanation:

The United States was founded under the principles of liberalism, whether legal, political, or economic.

In America, most people believe that free markets are the best way to organize the economy of a country, and that individual self-reliance can result in personal economic success.

7 0
2 years ago
Lucinda cares a lot about the amount of work being produced by her team, but she is also concerned about her employees' job sati
Rasek [7]

The style that Lucinda is engaging to is a team leader. It is because a team leader is someone who cares for the group as she or he also provides guidance and leads to group towards to achieving the task that they want to achieve because of their common goals.

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2 years ago
The amount of money collected by a snack bar at a large university has been recorded daily for the past five years. Records indi
disa [49]

Answer:

A) skewed to the right with a mean of $4000 and a standard deviation of $450.

Explanation:

While the days are picked at random, the size of the sample is enough to represent the reality. Among the random pick those days of football game will be picked too and will skewed to the right the distribution

The distribution will not change into normal as the reality is that distribution of revenue is not normally distributed among the days of the year.

3 0
2 years ago
The Valenti Company uses flexible budgeting for cost control. Valenti produced 10,800 units of product during October, incurring
Alex Ar [27]

Answer:

$500 favorable

Explanation:

Given;

Number of units produced  = 10,800 units

Actual indirect material costs = $13,000

Reflected indirect material costs for 144,000 units  = $180,000

Now,

Per unit reflected indirect material costs = $180,000 ÷ 144,000

= $1.25 per unit

Therefore,

Budgeted indirect material cost for actual units produced

= $1.25 × 10,800

= $13,500

since,

the budgeted cost for indirect material cost for actual units produced is more than the actual indirect material cost, therefore

the indirect material costs in October is favorable

amount = Budgeted cost - Actual cost

= $13,500 - $13,000 = $500 favorable

5 0
2 years ago
Which of the following is a key performance indicator of the customer perspective in a balanced​ scorecard? A. employee satisfac
Westkost [7]

Answer:

A key performance indicator of the customer perspective in a balanced​ scorecard is option C. number of repeat customers

Explanation:

A Key Performance Indicator (KPI) is a measurable value used to demonstrate how effectively a company is achieving key business objectives.  

Organizations use KPIs to analyze their success rate.

The customer perspective within the balanced score card enables organizations to target the market segments to prioritize.  Once they have done that, they focus developing strategies that maximizes customers’ utility and bring sin good profit to the organization.

Before now, Balanced Scorecard tilted towards product performance and technology innovation to be the backbones of business success. However, customer behavioral trends have gradually emphasized the necessity for understanding what customers need.

Therefore the number of repeat customers is a KPI of the customer perspective in a balanced score card.

7 0
2 years ago
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