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Targey sells high-end home decors. During holiday seasons, Targey offers each customer who buys a candle a coupon to buy another candle at 60% of
Targey sells high-end home decors. During holiday seasons, Targey offers each customer who buys a candle a coupon to buy another candle at 60% of the original price. The normal selling price of a candle is $50. Industry experience suggests that 20% of customers will forfeit the coupon. If there are 3,300 customers purchasing candles at Targey this Christmas, how much will Unearned Revenue-Coupon be credited? $40,000 $13,000 $19,800 $52,800
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