On may 1, 2018, meta computer, inc., enters into a contract to sell 5,000 units of comfort office keyboard to one of its clients, bionics, inc., at a fixed price of $95,000, to be settled by a cash payment on may 1. delivery is scheduled for june 1, 2018. as part of the contract, the seller offers a 25% discount coupon to bionics for any purchases in the next six months. the seller will continue to offer a 5% discount on all sales during the same time period, which will be available to all customers. based on experience, meta computer estimates a 50% probability that bionics will redeem the 25% discount voucher, and that the coupon will be applied to $20,000 of purchases. the stand-alone selling price for the comfort office keyboard is $19.60 per unit. required: 1. how many performance obligations are in this contract? 2.& 3. prepare the journal entry that meta would record on may 1, 2018 using the given information. then, prepare the journal entry assuming the same facts and circumstances as above, except that meta gives a 5% discount option to bionics instead of 25%.

Carlos would like to start saving for his son’s college expenses. which type of savings account should carlos open? ida money market 529 plan basic savings account

The link between volume of production and the cost of building manufacturing operations is particularly important in industries characterized byanswers: process innovations. product manufacturing. product innovation. process manufacturing.

Suppose the following items were taken from the balance sheet of nike, inc. (all dollars are in millions.) 1. cash $ 2,316.7 7. inventory $ 2,245.6 2. accounts receivable 2,786.2 8. income taxes payable 80.3 3. common stock 2,841.1 9. equipment 1,783.8 4. notes payable 291.2 10. retained earnings 6,162.5 5. buildings 3,959.7 11. accounts payable 2,624.6 6. mortgage payable 1,092.3 perform each of the following. classify each of these items as an asset, liability, or stockholders’ equity, and determine the total dollar amount for each classification. (enter amounts in millions up to 1 decimal place, e. g. 45.5 million.) cash accounts receivable common stock notes payable buildings mortgage payable inventory income taxes payable equipment retained earnings accounts payable assets $ 13092 liability $ 4088.4 stockholders’ equity $ 9003.6 etextbook and media determine nike’s accounting equation by calculating the value of total assets, total liabilities, and total stockholders’ equity. (enter amounts in millions up to 1 decimal place, e. g. 45.5 million.) total assets = total liabilities + total stockholders’ equity