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Sage Hill Stores started a customer loyalty program at the beginning of 2 0 2 3 in which customers making cash purchases of gasoline at
Sage Hill Stores started a customer loyalty program at the beginning of in which customers making cash purchases of gasoline at Sage Hill Gas Bars are issued rewards in the form of grocery coupons. For each litre of gasoline purchased, the customer gets a grocery coupon for cents that can be redeemed in Sage Hill Food Stores. The coupons have no expiry date. Sage Hill Stores began selling gift cards in that do not have expiry dates.
The following are selected transactions in and :
In the Gas Bars sold million litres of gasoline resulting in gas sales of $ Grocery coupons were issued with these sales. The expected redemption rate for the grocery coupons is
In customers redeemed $ of the grocery coupons in the Food Stores.
In the Gas Bars sold million litres of gasoline resulting in gas sales of $ Grocery coupons were issued with these sales. The expected redemption rate for the grocery coupons is
In customers redeemed $ of the grocery coupons in the Food Stores.
In customers purchased $ of gift cards, and $ of the revenue from gift card sales was to be recorded by the end of the year.
What balances will be included in current liabilities at December and regarding the customer loyalty program and gift cards? Round answers to decimal places, eg
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