Assume that Stacey Bauer clipped from a newspaper advertisement a coupon for $2 off any 20” pizza from Rosa & Gene’s Pizzeria. Stacey ordered a 20” pizza with three toppings for $18.75. When the pizza arrived, Stacey gave the delivery person $20.
a. How much change should Stacey receive from the delivery person?
b. How much would Rosa & Gene’s Pizzeria record for the sale of the pizza to Stacey?
c. Did Rosa & Gene’s Pizzeria incur a liability when it placed the $2-off coupon advertisement in the newspaper?