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! Required information SB Problem [The following information applies to the questions displayed...

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Accounting

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! Required information SB Problem [The following information applies to the questions displayed below.] The Rink offers annual $250 memberships that entitle members to unlimited use of ice-skating facilities and locker rooms. Each new membership also entitles the member to receive ten 25% off a $5 meal" coupons that are redeemable at the Rink's snack bar. The Rink estimates that approximately 80% of the coupons will be redeemed, and that, if the coupons weren't redeemed, $5 meals still would be discounted by 5% because of ongoing promotions. Problem 5-239 Required: Calculate how much of the transaction price should be allocated to meals. (Round your answer to 2 decimal places.) Transaction price

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