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What total transaction price allocated to the planners

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Reference no: EM132785641

At the beginning of the year, Promotor Company started a new promotional program wherein a customer can receive a planner costing P300 each for every 20 stickers ( 1 sticker for every sales of coffee drink). The planner may be sold separately for P450. The company estimates that 75% of the stickers will be redeemed.

  • Sales of coffee were 20,000 cups with a total price of P18,000,000 while the number of planners distributed to customers were 500 pcs.

Problem 1: Total transaction price allocated to the planners

Problem 2: Additional sales recognized from redemption of planners

Reference no: EM132785641

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