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how many performance obligations are contained in the contract On 1 October 2020, ABC Limited sold three machines to a customer for a total amount
how many performance obligations are contained in the contract
On 1 October 2020, ABC Limited sold three machines to a customer for a total amount of R1900000. The three machines were delivered to the premises of the customer on the same day. Included in the sales contract are 1-year warranties for all three of the machines. A warranty for each of these machines may cost R 20000 to obtain. The customer received a trade discount of 10% for both tractors. ABC Limited awards a settlement discount of 6% to any customer who settles their account in full within 30 days of making a purchase. This particular customer often buys machinery from ABC Limited and based on past dealings with the customer ABC Limited expects that the customer will settle their account within 30 days. The customer settled their account in full on 3 November 2020 . How many performance obligations are contained in the contract? 1 2 3 6 A Moving to another question will save this response. Question 1 of 10 On 1 October 2020, ABC Limited sold three machines to a customer for a total amount of R1900000. The three machines were delivered to the premises of the customer on the same day. Included in the sales contract are 1-year warranties for all three of the machines. A warranty for each of these machines may cost R 20000 to obtain. The customer received a trade discount of 10% for both tractors. ABC Limited awards a settlement discount of 6% to any customer who settles their account in full within 30 days of making a purchase. This particular customer often buys machinery from ABC Limited and based on past dealings with the customer ABC Limited expects that the customer will settle their account within 30 days. The customer settled their account in full on 3 November 2020 . How many performance obligations are contained in the contract? 1 2 3 6 A Moving to another question will save this response. Question 1 of 10Step by Step Solution
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