Question: Your manager has asked you to complete a liability report for your loyalty program and you were provided the following information: the firm owed 7000000

Your manager has asked you to complete a liability report for your

loyalty program and you were provided the following information:

the firm owed 7000000 points,

at a cost of $0.08 per point

where 51% of your customers had used their points.

What is your firms liability?

$90526

$125000

$285600.0

$3256000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

2. Your manager has asked you to complete a liability report for your loyalty program and you were provided the following information: Out of the 340000 customers you have, 258000 decided to sign up...

Q:

Your manager has asked you to complete a liability report for your loyalty program and you were provided the following information: the firm owed 1000000 points, at a cost of $0.03 per point where...

Q:

Your manager has asked you to complete a liability report for your loyalty program and was provided with the following information: the company owed 1,000,000 points, at a cost of $0.03 per point...

Q:

I need a tutor to double check my work on this homework. Ive already done it but I am afraid to put the answers in because it will say its wrong and make me start a whole new problem with new...

Q:

FIFC LO1, BRIEF EXERCISE 8.1 Smalley Co. purchased items of inventory as follows: 4 Jan. 100 units @ $2.00 23 Jan. 120 units @ $2.25 Smalley sold 50 units on 28 January. Compute the cost of goods...

Q:

7-54. What date-related attributes did you identify in each of the entity types in your answer to Case Question 7-51? Why are each of these needed? Can you make some observations about why date...

Q:

You have graduated from your program at BVC and are working for an organization (come up with a fake name) in your field of study. The person you report to (use your instructor's name) has asked that...

Q:

Scenario: You have graduated from your program at BVC and are working for an organization (come up with a fake name) in your field of study. The person you report to (use your instructors name) has...

Q:

Jim Watanabe, manager of the No Customer Escapes project, and assistant director of IT for Petrie Electronics, was sitting in the company cafeteria. He had just finished his house salad and was about...

Q:

Jim Watanabe, manager of the No Customer Escapes project, and assistant director of IT for Petrie Electronics, was sitting in the company cafeteria. He had just finished his house salad and was about...

Q:

G) CH3 H,CH,C Configuration:_ Name:_ 10 H) H2C= HC. COOH CH,0H H3C Configuration:_ Name:_ 1). HC CH3 CH,CH H,CH2C Configuration:_ Name:_ J). H3CH2C NH 2 O CH3 CH;CH CH 3 Configuration:_ Name:_ K). O...

Q:

A gasoline engine uses liquid octane and air, both supplied at P0, T0, in a stoichiometric ratio. The products (complete combustion) flow out of the exhaust valve at 2000 R. Assume that the heat loss...

Q:

The optimal risky portfolio can be identified by finding: The minimum - variance point on the efficient frontier The maximum - return point on the efficient frontier and the minimum - variance point...

Q:

2023 1040 form 1.Phillip and Claire are married and file a joint return. Phillip is self-employed as a real estate agent, and Claire is a flight attendant. Phillip and Claire have three dependent...