Question: Can you explain why the answers inputed are correct, and how to get the stand alone price for yoga discount voucher Fit & Slim (F&S)
Can you explain why the answers inputed are correct, and how to get the stand alone price for yoga discount voucher
Fit & Slim (F&S) is a health club that offers members various gym services Required: 1. Assume F&S offers a deal whereby enrolling in a new membership for $700 provides a year of unlimited access to facilities and also entitles the member to receive a voucher redeemable for 25% off yoga classes for one year. The yoga classes are offered to gym members as well as to the general public. A new membership normally sells for $720, and a one-year enrollment in yoga classes sells for an additional $500. F&S estimates that approximately 40% of the vouchers will be redeemed. F&S offers a 10% discount on all one-year enrollments in classes as part of its normal promotion strategy a. & b. Indicate below whether each item is a separate performance obligation. For each separate performance obligation you have indicated, allocate a portion of the contract price Performance Obligations? Yes Yes Percentage of Total Stand Alone Prices Item Description Stand Alone Prices Yoga discount voucher Gym membership lotal stand alone price 720 720 0% 0% 0% Percentage of Total Stand Alone Price Total Transaction Price Allocated Contract Price Item Description 700 = $ Yoga discount voucher Gym membership lotal stand alone price 0 0 0
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