Beaver Ltd. is a retail company that sells sporting goods. It
has a customer loyalty program that allows customers to earn points
based on sales made. These points can be accumulated and used for
future purchases. One customer loyalty point is awarded for every
$1 of purchases. During March 20X4, the company recorded sales of
$1,725,000 to customers who were accumulating points. The
stand-alone value of these goods sold was $1,725,000. Beaver has
also determined that each point has a...