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Business, 06.11.2019 21:31 DarkWolf1963

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 of 2016. $4,000 of cards were redeemed in september of 2016, $3,000 in october, $2,500 in november, and $2,000 in december of 2016. in 2017 an additional $1,000 of cards were redeemed in january and $500 in february.

how much gift card revenue associated with the august 2016 gift card sales would lizzie get to recognize in 2016 and 2017?

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