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  3. ferntree experiences has two operating divisions,

Ferntree Experiences has two operating divisions, Winery and Restaurant. The two divisions have a marketing...

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Ferntree Experiences has two operating divisions, Winery and Restaurant. The two divisions have a marketing agreement to provide Incentives to customers. The Winery division offers coupons good for meals at the restaurants and the Restaurant division offers coupons good for wine tastings and purchases. Annual profits are $12 million. The two divisions meet the requirements for segment disclosures Before the transactions are considered, revenues and costs in thousands of dollars) for the two divisions are as follows. Winery $30,000 Restaurant $15,000 Revenue Costs Profit After adjusting appropriately for the effect of the marketing agreement, the revenues and costs are as follows. Winery Restaurant Revenues Costs Profit $12,602 $9,400 The value of the coupons issued by the Restaurant Division was double the value of the coupons issued by the Winery Division Required: What was the value of the coupons issued by the Winery Division by the Restaurant Division (Enter your answers in whole dollars not in thousands of dollars.) Answer is complete but not entirely correct. Value of coupons wed by Winery Division Value of coupons and by Restaurant Division (6.000.000) $ 5.000.000

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