How much gift card revenue should harmony recognize in 2025

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Question: Meet Harmony, an upscale boutique offering elegant gift cards redeemable for luxurious products. In 2025, Harmony sold $4,500,000 worth of gift cards, and customers redeemed $4,000,000 of the gift cards for their desired items. By December 31, 2025, Harmony determined that $250,000 of the remaining gift cards would unlikely be redeemed. How much gift card revenue should Harmony recognize in 2025?

Reference no: EM133659587

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How much gift card revenue should harmony recognize in 2025 : Harmony determined that $250,000 of the remaining gift cards would unlikely be redeemed. How much gift card revenue should Harmony recognize in 2025
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