During its first three months of operation, palomino's sold gift cards in various amounts totaling $5,200. the gift cards are redeemable for meals within one year of the purchase date. gift cards totaling $1,900 were presented for redemption prior to year-end on December 31. the sales tax rate on restaurant sales is 7%, assessed at the time meals (not gift cards) are purchased. palimino's will remit sales taxes in January.1&2 record (in summary form) the $5,200 in gift cards sold (keeping in mind that, in actuality, each sale if a gift card or a meal would be recorded individually) and the $1,900 in gift cards redeemed. the $1,900 includes a 7% sales tax of $124.40.Required:1. Record the cash received for the gift cards2. record the redemption of gift cards

Quick calculate the roi dollar amount and percentage for these example investments. a. you invest $50 in a government bond that says you can redeem it a year later for $55. use the instructions in lesson 3 to calculate the roi dollar amount and percentage. (3.0 points) tip: subtract the initial investment from the total return to get the roi dollar amount. then divide the roi dollar amount by the initial investment, and multiply that number by 100 to get the percentage. b. you invest $200 in stocks and sell them one year later for $230. use the instructions in lesson 3 to calculate the roi dollar amount and percentage. (3.0 points) tip: subtract the initial investment from the total return to get the roi dollar amount. then divide the roi dollar amount by the initial investment, and multiply that number by 100 to get the percentage.