Question: Pina Corp . has a rewards program whereby customers get 1 point for every $ 8 spent on groceries. Each point is redeemable for a

PinaCorp. has a rewards program whereby customers get1point for every $8spent on groceries. Each point is redeemable for a $1 discount toward the future purchase of groceries. During the month of May,Pinasells goods worth $49200and consequently rewards customers6150points. Based on past history,Pinaestimates that90% of the rewards will be redeemed. Therefore, it is expected that5535points will be redeemed with a stand-alone value of $5535. A portion of the $49200of sales is to be allocated to the rewards program based on the total stand-alone value of $54735($49200+ $5535). What is the revenue allocation for the current sales?

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