In Logan Boots experience, gift cards that have not been redeemed within 12 months are...
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In Logan Boots experience, gift cards that have not been redeemed within 12 months are not likely to be redeemed. Logan Boots sold gift cards for $31,950 during August 2021. $4,300 of cards were redeemed in September 2021, $8,810 in October, $2,610 in November, and $2,190 in December 2021. In 2022 an additional $1,290 of cards were redeemed in January and $935 in February.
How much revenue associated with the August 2021 gift card sales would Logan Boots get to recognize in 2021?
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