Question: Flounder Corp. has a rewards program whereby customers get 1 point for every 5 9 spent on groceries. Each point is redeemable for a $
Flounder Corp. has a rewards program whereby customers get point for every spent on groceries. Each point is redeemable for a $ discount toward the future purchase of groceries. During the month of May, Flounder sells goods worth $ and consequently rewards customers points. Based on past history. Flounder estimates that of the rewards will be redeemed. Therefore, it is expected that points will be redeemed with a standalone value of $ A portion of the $ of sales is to be allocated to the rewards program based on the total standalone value of $$ $ What is the revenue allocation for the current sales?
$
$
$
$
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
