1. Apple Company has an arrangement with its customers that it will provides a 5% volume discount to its customers if they purchase at least $4 million of its product during the calendar year. On March 31,2020, Apple has made sales of$ 950,000 to King Saud University. In the previous two years, Apple sold over $7,500,000 to Artic in the period April 1 to Decmber-31.

   How much revenue should Apple recognize for the first three months of 2020 if customers meet the discount threshold?

1. How much revenue should Apple recognize for the first three months of 2020 if Apple customers fail to meet the discount threshold?