Business, 05.02.2021 21:50, sarahalexa19
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 $21,200 during August 2021. $3,800 of cards were redeemed in September 2021, $3,330 in October, $3,130 in November, and $2,430 in December 2021. In 2022 an additional $1,160 of cards were redeemed in January and $505 in February.
Required:
How much gift card revenue associated with the August 2016 gift card sales would Lizzie get to recognize in 2016 and 2017?
Answers: 2
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In Lizzie Shoes’ experience, gift cards that have not been redeemed within 12 months are not likely...
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