Regal Cinema regularly sells movie tickets, popcorn vouchers, and soft drink vouchers individually, thereby establishing the following
Question:
Regal Cinema regularly sells movie tickets, popcorn vouchers, and soft drink vouchers individually, thereby establishing the following standalone selling prices:
Product | Standalone Selling Price |
Movie ticket | $10 |
Popcorn | $5 |
Soft drink | $4 |
Total | $19 |
Customers can use a popcorn (soft drink) voucher to get popcorn (soft drink) for free. In addition, Regal Cinema regularly sells a popcorn voucher and a soft drink voucher together for $6. The popcorn voucher and the soft drink voucher sold in this bundle must be used together.
Regal Cinema offers a FUN package including a movie ticker, a popcorn voucher and a soft drink voucher for $16. Determine the amount of revenue recognized from selling a movie ticket, a popcorn voucher, or a soft drink voucher in the FUN package if the movie ticker, the popcorn voucher, and a soft drink voucher in the FUN package can be used separately. (Please round your answer to two decimal places.)
Movie ticket: $
Popcorn: $
Soft drink: $
Regal Cinema offers a FUN package including a movie ticker, a popcorn voucher, and a soft drink voucher for $16. Determine the amount of revenue recognized from selling a movie ticket in the FUN package if the popcorn voucher and the soft drink voucher must be used together but can be used separately from the movie ticket. (Please round your answer to two decimal places.)
Movie ticket: $