Question
MINIKANIKO operates a customer loyalty program. They grant loyalty points to customers for every P4,500 worth of purchases. Each point has a stand-alone selling price
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MINIKANIKO operates a customer loyalty program. They grant loyalty points to customers for every P4,500 worth of purchases. Each point has a stand-alone selling price of P500. During 2020, MINIKANIKO total sales amounted to P63,000,000. MINIKANIKO estimates that 90% of the total points will be redeemed. 4,200 points were redeemed during the year. During 2021, an additional 5,600 points were redeemed. MINIKANIKO also revised its estimate that 100% of the total points were redeemed.
How much is the revenue from customer loyalty points for 2021?
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Auditing Your Payment Cards Processes Systems And Applications A Step By Step PCIDSS Compliant Audit Program A Practice Guide For Payment Card Brands Issuers Acquirers Processors And Switches
Authors: Nwabueze Ohia
1st Edition
1521799229, 978-1521799222
