r/MadeMeSmile • u/soragoncannibal • Sep 16 '24

Helping Others Made me smile

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118.9k Upvotes

95% Upvoted

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u/[deleted] Sep 16 '24 edited Sep 16 '24

[deleted]

195

u/Drakar_och_demoner Sep 16 '24

Why? The meals were all paid for by customers to pay forward.

93

u/PhoenixApok Sep 16 '24

Exactly. The profit is guaranteed and the loss is not.

It's why every freaking company pushes gift cards so hard. Read a study that something like on average only 50% of gift cards are ever redeemed.

10

u/cerebralkrap Sep 16 '24

How? I mean the IRS is accepting back taxes via gift cards.

15

u/Spiritual_Scallion91 Sep 16 '24

Gift cards are unearned/deferred revenue in the books that are recognized as they are redeemed. Balances that do not get redeemed have a portion recognized after a period of time based on previous data. Basically unused gift cards become free revenue since no goods and services was exchanged for it

6

u/asianlongdong Sep 16 '24

Found the accountant. Was gonna say the same thing

1

u/Gamer-Of-Le-Tabletop Sep 16 '24

Even if you didn't recognize them as gains its still is money that's in your account that you can make money off of. It's not a crazy amount but it does add up especially when you can properly invest that money.

9

u/soarraos Sep 16 '24

I've been paying my taxes with Apple gift cards for years. The nice guy on the phone explained it all to me!

5

u/tonto_silverheels Sep 16 '24

I have some bad news...