redeem the credit in the $5-$day window of time. Based upon historical trends, Koll's estimates that $35\%$ of the credits will be redeemed.

a$.$ Determine how manv oerformance obligations are included in a sales transaction during the sales incentive program.

Note: Carry all decimals in calculations; round the final answer to the nearest dollar.

c$.$ Record a summary entry to recognize revenue $($if any$)$ during the $5-$day merchandise credit redemption period, assuming that $35\%$ of the credits are redeemed.

d$.$ Record a summary entry to recognize revenue $($if any$)$ at the conclusion of the $5-$day merchandise credit redemption period, assuming that no credits are redeemed.