Magical Corporation is a private corporation that sells one week all inclusive packages to their beach resort. Customers must pay

$20\%$

$$when the trip is booked and

$80\%$

$$one week before the trip. Before offering this deal the company does a background credit check on the customers. Magical Corporation sells the one week all inclusive package to their resort for $

$2000$

$$per person. The costs for the corporation are approximately $

$700$

$$per person. Assuming the company uses ASPE when the revenue should be recognized and why. the RCMP criteria when answer the question and facts from the question.