Business, 28.01.2020 03:31, thesnackygrahap4etix
In lizzie shoes’ experience, gift cards that have not been redeemed within 12 months are not likely to be redeemed. lizzie shoes sold gift cards for $18,000 during august 2021. $4,000 of cards were redeemed in september 2021, $3,000 in october, $2,500 in november, and $2,000 in december 2021. in 2022 an additional $1,000 of cards were redeemed in january and $500 in february. how much gift card revenue associated with the august 2021 gift card sales would lizzie get to recognize in 2021 and 2022?
Answers: 2
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