Business, 12.07.2019 00:10 verdolaga2017me

Anew york city daily newspaper called “manhattan today” charges an annual subscription fee of $162. customers prepay their subscriptions and receive 240 issues over the year. to attract more subscribers, the company offered new subscribers the ability to pay $160 for an annual subscription that also would include a coupon to receive a 40% discount on a one-hour ride through central park in a horse-drawn carriage. the list price of a carriage ride is $150 per hour. the company estimates that approximately 30% of the coupons will be redeemed.
how much revenue should manhattan today recognize upon receipt of the $130 subscription price?

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Anew york city daily newspaper called “manhattan today” charges an annual subscription fee of $162....

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