Steigs Sports Store has a customer loyalty program in which it issues points to customers for every cash purchase applied to future purchases. For every dollar spent, a customer receives three points. Each point is worth one cent. There is no expiry date on the points. Steigs estimates that 31% of the points issued will eventually be redeemed. Steigs has a December 31 year end. The program was started in 2020. During 2020, 820,000 points were issued. Sales for 2020 were $332,000. In 2021, 1,340,000 points were issued. Total sales for 2021 were $470,000.

GOT answers wrong; please correct these are.

X Your answer is incorrect. What is the stand-alone value of the points issued in 2020? In 2021? 2020 $ 329458 2021 $ 465846 e Textbook and Media List of Accounts Save for Later Attempts: 2 of 3 used Submit Answer Using multiple attempts will impact your score. 10% score reduction after attempt 2