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please explain all steps Saved Help Save & Exit Problem 15-50 (Algo) Segment Reporting (LO 15-5) Ferntree Experiences has two operating divisions, Winery and Restaurant.
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Saved Help Save & Exit Problem 15-50 (Algo) Segment Reporting (LO 15-5) Ferntree Experiences has two operating divisions, Winery and Restaurant. The two divisions have a marketing agreement to provide Incentives to customers. The Winery division offers coupons good for meals at the restaurants and the Restaurant division offers coupons good for wine tastings and purchases. Annual profits are $24 million. The two divisions meet the requirements for segment disclosures Before the transactions are considered revenues and costs (in thousands of dollars) for the two divisions are as follows: Winery $40,000 Restaurant $20,000 Revenue Costs Profit After adjusting appropriately for the effect of the marketing agreement, the revenues and costs are as follows Winery 2 Restaurant Revenues $13,200 Profit $9,800 - Pontyfor the effect of the marketing agreement the revenues and costs are as follows. Winery Restaurant Sevenues ? $13,200 profit $9,800 The value of the coupons insued by the Restaurant Division was double the value of the coupons issued by the Winery Division Required: What was the value of the coupons issued by the Winery Division? By the Restaurant Division (Enter your answers in whole dollars not in thousands of dollars.) Value of coupons issued by Winery Division Value of compons issued by Restaurant Division Step by Step Solution
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