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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
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 $18,750 during August of 2013. $6,000 of cards were redeemed in September of 2013, $3,270 in October, $2,870 in November, and $2,240 in December of 2013. In 2014 an additional $1,940 of cards were redeemed in January and $575 in February. How much gift card revenue associated with the August 2013 gift card sales would Lizzie get to recognize in 2013 and 2014?
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