In lizzie shoes experience gift cards that have not been

Assignment Help Accounting Basics

Reference no: EM13575150

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?

Reference no: EM13575150

Questions Cloud

Salvage value is expected to be zero at the end of each : sanchez corporation is considering three long-term capital investment proposals. relevant data on each project are as

The tate corporation has annual sales of 47 million the : the tate corporation has annual sales of 47 million. the average collection period is 36 days. what is the average

Discuss the advantages and disadvantages of payback period : discuss the advantages and disadvantages of payback period npv and irr. if you are a project manager which capital

The companys net cash flow ncf for 2007 was 150000 on the : a security analyst obtained the following information from prestopino products financial statements - retained

In lizzie shoes experience gift cards that have not been : in lizzie shoes experience gift cards that have not been redeemed within 12 months are not likely to be redeemed.

A companys income statement disclosed 45000 of investment : a companys income statement disclosed 45000 of investment revenue on equity method investments. the company did not

How do purchasing-power parity interest rate parity and : how do purchasing-power parity interest rate parity and the fisher effect explain the relationship among the current

A firm expects to have available 500000 of earnings in the : a firm expects to have available 500000 of earnings in the coming year which it will retain for reinvestment purposes.

This year mary received a 200 refund of state income taxes : this year mary received a 200 refund of state income taxes that she deducted on her tax return last year. mary included

User Account

All Pages