As part of a January promotion,ConcordLife Fitness Ltd. sold six-month memberships to its gym for $320. This
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Question:
As part of a January promotion,ConcordLife Fitness Ltd. sold six-month memberships to its gym for $320. This also included a personal fitness assessment and training plan. Active Life normally charges $370for a six-month membership and $93for a personal fitness assessment and training plan.
Using the five-step model, determine the amount of revenue thatConcordLife would recognize in January, assuming that210memberships were sold as part of this promotion and that all of the personal fitness assessments and training plans were completed in January.
Amount of revenue $ ?
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