sidneylww

10.08.2021 • 

Business

Blueberry is a consumer technology company that reported the following financials (values in millions): 2017 2018
Revenue $851 $943
Deferred Revenue (ending balance) $347 $668

Which of the following statements about the reason for the increase in deferred revenue from 2017 to 2018 is most plausible?

a. More revenue was recognized than cash was collected during 2018.
b. More gift cards have been redeemed than sold during 2018.
c. Lower number of prepaid streaming service subscriptions were sold during 2018.
d. A higher number of smartphone extended warranty contracts were sold during 2018.

Ответ:

natalyarenassalgado

11.03.2023

Business

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B) $472,087 million

Explanation:

The computation of the year 2 inventory is shown below

= LIFO inventory + LIFO reserve

= 468,611 + $3,476

= $472,087 million

We simply added the lifo inventory and lifo reserve of year 2 in order to determine the year 2 inventory

Hence, the correct option is B.

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