As part of a January promotion, Sheffield Life Fitness Ltd. sold six-month memberships to its...
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As part of a January promotion, Sheffield Life Fitness Ltd. sold six-month memberships to its gym for $320. This also included a personal fitness assessment and training plan. Active Life normally charges $ 360 for a six-month membership and $ 90 for a personal fitness assessment and training plan. Using the five-step model, determine the amount of revenue that Sheffield Life would recognize in January, assuming that 230 memberships were sold as part of this promotion and that all of the personal fitness assessments and training plans were completed in January Amount of revenue $
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