Question

On May 31, Marty’s Ice Cream Shop sells gift cards for $8,500. Customers redeem $2,300 in June, $3,200 in July, and $2,500 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.

Answer 1

8,500+$2,300+$3,200+$2,500=16500