Shediac Bay Marina Had a Customer Loyalty Program at Its

question 45

Short Answer

Shediac Bay Marina had a customer loyalty program at its gas dock. For every litre of gasoline purchased, the customer would get a redemption award of $.015 which can be used to purchase products in the company's retail marine store. In July, the company sold 100,500 litres of gasoline.
-By the end of the August, customers redeemed 25,000 of the rewards. Shediac should make which of the following entries to record the redemption?

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Definitions:

Cumulative Frequency

A summary measure which counts the number of observations that fall below a particular value in a dataset.

Graphical Display

Visual representations of data, including charts, graphs, and plots, used to convey information clearly and efficiently.

Title

The name of a book, composition, or other artistic work.

Three Dimensions

Describes an object or environment that has width, depth, and height, offering a sense of physical realism.