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IrinaVladis [17]
2 years ago
11

Suppose Cardullo’s gift cards expire after one year. A customer had a gift card for $100, of which he used $75 to purchase gourm

et cheeses. At the end of the year, the card expires with $25 unredeemed. How do you think Cardullo’s should account for the unredeemed amount?
Business
1 answer:
lina2011 [118]2 years ago
3 0

Answer:

Cardullo

Unredeemed Gift Card amount:

The $25 of the unredeemed gift card should be credited to Revenue Account and debited to the Deferred Revenue Account as expired gift card.

Explanation:

Gift cards establish some form of deferred revenue or gift card liability which the Cardullo must settle with the exchange of goods or services in the future.  However, if a customer is unable to redeem his gift card balance of $25 because of expiration, the revenue due on the expired portion, Cardullo must then credit the $25 to the Revenue account and debit the Deferred Revenue or Gift Card Liability account to close this unredeemed portion.

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The answer is 1000

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</span>(gram/centimeter^3) / (kilogram/meter^3)
= (gram/kilogram) /(centimeter^3/meter^3)
<span>= (gram/ 1000gram) / (centimeter^3/ 100^3 centimeter^3)
= (1/1000) / (1 / 100^3)
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6 0
1 year ago
Read 2 more answers
In dangerous professions like law enforcement and construction, women are ______.
Ksju [112]

In dangerous professions like law enforcement and construction, women are respected. Since these jobs are dangerous, many women are not often interested in working in these career fields.  Due to the smaller number of women who will work in the career fields, those who do are highly respected by their peers.

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1 year ago
Total Accounting has developed new software for nonprofit organizations that allows them to send donors receipts via text or ema
levacccp [35]

Answer: Donors(people donating for the progress of the society).

Explanation:

The solution or answer to this exam or problem or question can be seen or found in the first sentence of the question, that is;

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Take note of the capitalized word, " donors" because that is the simplest answer to the question.

Therefore, the software was built and designed for people that are going to be donating or giving back to the society. The software is built in such a way that the Total Accounting marketing team can track who donors are.

4 0
1 year ago
If a check correctly written and paid by the bank for $648 is incorrectly recorded on the company's books for $684, the appropri
yawa3891 [41]

Answer:

add $36 to the book's balance.

Explanation:

Since in the question it is given that the check amount is $648 which is to be paid by the bank is recorded incorrectly in the company books for $684

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1 year ago
Vegetarian Delights has been experiencing declining market conditions for its specialty foods division. Management decided to te
Vesnalui [34]

Answer:

$3.5 million

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Data given in the question

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Since the fair value is less than the book value so the difference should be recorded as an impairment loss

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