On May 31, Martys Ice Cream Shop sells gift cards for $5,000. Customers redeem $1,200 in June,
Question:
On May 31, Marty’s Ice Cream Shop sells gift cards for $5,000. Customers redeem $1,200 in June, $2,100 in July, and $1,400 in August. Marty’s experience is that any unredeemed gift cards as of August 31 are not likely to be redeemed. Calculate the amount of gift card revenue each month.
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Revenue for the month in June 1200 July 2100 ...View the full answer
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Ashok Jain
i am bcom(hons) student From Delhi university . i am ca final student. i have also work in ca firm for 2.5 years in the field of accounting and taxation . i have good knowledge of accounting. i have also tutored students online. i am also worked in chegg as tutor. i have also good knowledge of finance.
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Related Book For 
Financial Accounting
ISBN: 978-1259914898
5th edition
Authors: David Spiceland, Wayne M. Thomas, Don Herrmann
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