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 getpoint for every $spent on groceries. Each point is redeemable for a $ discount toward the future purchase of groceries. During the month of May,Pinasells goods worth $and consequently rewards customerspoints Based on past history,Pinaestimates that of the rewards will be redeemed. Therefore, it is expected thatpoints 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?
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