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How much of the transaction price should be allocated

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Question - The Rink offers annual $250 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 Rink's snack bar. The Rink estimates that approximately 75% of the coupons will be redeemed, and that, if the coupons weren't redeemed, $5 meals still would be discounted by 6% because of ongoing promotions.

Required - Calculate how much of the transaction price should be allocated to each performance obligation in the contract.

Reference no: EM133051420

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