Question
[The following information applies to the questions displayed below.] The Rink offers annual $150 memberships that entitle members to unlimited use of ice-skating facilities and
[The following information applies to the questions displayed below.] |
The Rink offers annual $150 memberships that entitle members to unlimited use of ice-skating facilities and locker rooms. Each new membership also entitles the member to receive ten 30% off a $5 meal coupons that are redeemable at the Rinks snack bar. The Rink estimates that approximately 75% of the coupons will be redeemed, and that, if the coupons werent redeemed, $5 meals still would be discounted by 6% because of ongoing promotions. |
32.
Required information
Required: |
Calculate how much of the transaction price should be allocated to each performance obligation in the contract. (Round your answer to 2 decimal places.) |
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