Question
Seven Flags Park offers a promotion for free parking to customers who purchase a one day pass to enjoy thrill rides at its park plus
Seven Flags Park offers a promotion for free parking to customers who purchase a one day pass to enjoy thrill rides at its park plus two meal vouchers for a total of $75. Seven Flags sells each of the contract promises separately during the same time frame for the following standalone prices: Day pass = $45, Parking = $20, and two meal vouchers = $30. Compute the allocated transaction price of the day, two meals, and parking for Seven Flags assuming the sale of 500 promotional packages on July 15, 2020. *Round each allocated transaction price to the nearest whole dollar.
ACCT 3220-00, 002: Corporate X lorenurk 4 (Pleverive Recognix + I e mybusinesscourse.com/platform/mod/quiz/attempt.pho?attempt 3979937&ccmid-238483&page-4 : . My Subscriptions Chris Minwegen - Business Course * Return to course Homework #4 (Revenue Recognition - Ch. 7) due Friday, Sept. 25 Navigation 3 4 6 Finish attempt ... SeBook Print Videos Question 5 Answer saved Marked out of 18.00 P rles question Allocating a Transaction Price Seven Flags Park offers a promotion for free parking to customers who purchase a one day pass to enjoy thrill rides at its park plus two meal vouchers for a total of $75. Seven Flags sells each of the contract promises separately during the same time frame for the following standalone prices: Day pass = 545. Parking = $20, and two meal vouchers = $30. Compute the allocated transaction price of the day, two meals, and parking for Seven Flags assuming the sale of 500 promotional packages on July 15, 2020. *Round each allocated transaction price to the nearest whole dollar, Transactions Standalone Selling Total Allocated Performance Price Selling Price Transaction Price Obligations as stated Price Ratio (rounded) 95 18.75 Two meals 39 95 11,842 ParStep by Step Solution
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