Respuesta :
Answer:
$5.83
Explanation:
The customer would not receive except (a 20% discount rather than a 5% discount), the discount voucher also is a different performance obligation. To give the contract price to the performance obligation, firstly, we should consider that the Rink would offer a 5% discount on $5 meals that will be sold to all its customers. Therefore, the 20% discount gives a customer with an incremental value of 15%, that's is (20% - 5%). Therefore, to calculate the stand-alone selling price of the meal coupons we have
$6 = 10 coupons x $5 base price of meal x 15% savings x 80%redeemed
= $6
As we have it, the stand-alone selling price of the annual membership fee is given $200, therefore the Rink would allocate we be calculated as follow
= $200 × [6 ÷ (6 + 200)]}
= $5.83
Which we have as the transaction price to the discount coupon.
The transaction price that should be allocated to the meals is $5.83
Calculation of the transaction price:
But first we have to determine the stand-alone selling price
= Number of coupons * base price * saving percentage * redeemed percentage
= 10 coupons x $5 base price of meal x 15% savings x 80%redeemed
= $6
Now the transaction price should be
= Annual membership × [selling price ÷(Selling price + annual membership)]
= $200 × [6 ÷ (6 + 200)]
= $5.83
Hence, The transaction price that should be allocated to the meals is $5.83
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