DGA Associates,Inc

question 315

Essay

DGA Associates,Inc.sells computer workstations designed for architects.In 2016,it sold 120 workstations for $360,000.For each workstation sold,DGA distributed a 40% discount coupon for any additional future purchases made in the next 12 months.Based on historical experience,DGA expects that approximately 30% of the coupons will be utilized,and the goods purchased with the coupons would normally sell for $350.
Required:
(a)How many performance obligations are in a contract to purchase a computer workstation? Explain the reasons for your answer.
(b)Prepare a journal entry to record revenue for the sale of 120 computer workstations,assuming that DGA uses the residual method to estimate the stand-alone selling price of the workstations sold without the discount coupon.

Differentiate between modes of locomotion in protists and their adaptive advantages.

Understand the concept of equilibrium constant (K) and its calculation for various reactions.

Describe the factors influencing the direction of equilibrium and their effects on product and reactant concentrations.

Identify the impact of external changes, such as toxin exposure, on the equilibrium of biochemical processes.

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Definitions:

Flexible Benefit Programs

Employee benefit plans that allow individuals to choose from a range of options to create a benefits package tailored to their own needs and circumstances.

Administrative Costs

Expenses incurred by an organization that are not directly tied to a specific business function such as manufacturing, production, or sales. These can include salaries of senior executives, office supplies, and utilities.

Employee Participation

The involvement of workers in decision-making processes within an organization, aimed at improving engagement, morale, and productivity.

Annual Minimum Vacation

The minimum amount of paid vacation time that employees are legally entitled to within a year, as mandated by law in certain jurisdictions.