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Question - Energetic Company includes one coupon in each box of laundry soap it sells for 500 each. A towel costing 100 and with a selling price of 120 is offered as a premium to customers who send in 10 coupons and remittance of 20. The following is the information available:
2021
2022
Boxes of soap sold
50,000
80,000
Number of towels purchased
2,000
2,500
Coupons redeemed
14,000
20,000
Energetic's experience indicates that only 30% of the coupons will be redeemed. (Do not round off during computation)
Required - How much is the Total Revenue to be recognized in 2021?
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