E0.4 (LO A. 1) (Loyalty Programs) _Excau Wreon 10 Increase sales, Letourneau inc.. a pudue company rouowing IFKS. implemented a customer tovaity program tat rewards a customer wit one lovalty point for every $20 of merchandise purchased. Each point is redeemable for a $2.50 discount on any purchases of Letourneau merchandise in the next three vears. After the program Taunened, auring 2023. customers Dought merenandise tor $300,000 (all proguets are sold to proviae a 35% gross pront) and earned 10.000 points redeemable for ruture purenases. Ine stand-alone selling price of the merchandise sold is 300,000. based on prior expertence with incentive programs nre this, Letoureau expects 7.500 points to be redeemed related to these sales Instructions a. Idenury ine separate pertormance onugation in ine Letourneau bonus point prozram, and onery explain the point in ume when the pertormance obngations are satistied. Kound percentage