Answer Happy

Bull's Eye sells gift cards redeemable for Bull'sEye products either in-store or online. During 2021, Bull'sEye sold $1,550,000 of gift cards, and $1,350,000 of the gift cards were redeemed for products. As of December 31, 2021, $141,000 of the remaining gift cards had passed the date at which Bull's Eye concludes that the cards will never be redeemed. How much gift card revenue should Bull'sEye recognize in 2021? Multiple Choice $1,491,000 $1,409,000 $1,350,000 $1,550,000

Minarski Electronics sells computers and provides hardware maintenance services. On April 1st, Minarski sold a package deal containing a computer and a one-year unlimited maintenance/repair service for the computer at a bundle price of $1,000. If sold separately, the computer costs $1,002 and the one- year unlimited maintenance/repair service costs $198. How much revenue does Minarski Electronics recognize for the month ended April 30th, assuming that revenue is accrued monthly? Multiple Choice O O O $1,018.50 $1,000 $16.50 $848.75