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Buckee's started selling gift cards in February 2024 and sold $75,900 in gift cards during the remainder of the year. It is known that a
Buckee's started selling gift cards in February 2024 and sold $75,900 in gift cards during the remainder of the year. It is known that a small and relatively stable percentage of gift cards will never be redeemed referred to as breakage Estimated breakage revenue is recognized over time in proportion to actual gift card redemptions Drawing from industry norms, Buckee's expects that 91% of gift cards will be redeemed. By the end of 2024. $41.700 in gift cards had been redeemed. What is Bucket's remaining eitt card liability that will be reported on December 31, 2024
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