This is Financial Reporting.Need helpfrom n to w(ignore anything above question n). This is MFRS 118 (Revenue) and question are not connected with each other. Thank you for helping me
of the retail price. As at 31 December, Cyberjaya Shopping Mall had n. sold 30% of these shoes. Cupid Sdn Bhd received orders for 2,000 boxes of chocolates for delivery in February to coincide with Valentine's Day. The customer paid RM20,000 and will pay the balance of RM30,000 on delivery of the chocolates. o. Jacques, an architect, was commissioned in July to design a mansion for a total fee of RM2 million. Jacques estimated that the total cost he will incur will be RM1 million. As at the reporting date, he had completed 60% of the work. To date, Jacques has received RM800,000 from the client. p. Sri May had recorded a new set of songs. The recording company had to date produced 1 million compact discs but only 400,000 were distributed for sales. The royalty agreement provides that royalty of RM10 will be paid based on the number of compact discs sold. In July x6, Grapes Entity sold 10,000 barrels of wine to Finance Bhd for RM3 million, with the firm understanding that Grapes Entity will buy the wine back in July x7 for RM3.3 million. r. Ravi Publisher publishes a monthly men's magazine called Menz. Hair Masters paid RM4,000 for advertising their products on the centre pages in 12 issues of the magazine. As at the end of the year, Ravi Publisher had only managed to run four such advertisements. S . Merchant Traders sells its machines subject to installation. On 15 December x6, it received an order to install its machine at the premises of Kline Manufacturers. The cost of the machine was RM3 million. As at the end of the year, the installation was not completed although Kline Manufacturers had paid RM1 million. t . Teaser Entity constructs office buildings. During the year, it started constructing a building for its customer MacRight. The contract was RM10 million and Teaser had estimated the cost to be RM7 million. As at the end of the year, it had incurred a cost of RM2.8 million on the work done. Also, MacRight had paid RM3 million to date. u . On 1 November x6, Fragrance Wonder entered into a contract to deliver 100,000 sachets of perfume to Pleasure Hotel. The hotel paid RM40,000 on signing the contract and the balance of RM60,000 is to be paid on delivery. However, Fragrance Wonder will only be able to deliver the perfume in February x7. In a separate contract with Ruby Hotel, Fragrance Wonder had delivered 50,000 sachets in May x6. The sales value was RM60,000 but Ruby Hotel had paid only RM25,000 and promised to pay the balance in April x7. v. Show-Time sold tickets for an opera to be staged at the Petronas Auditorium on 10 January x6. To date, they have collected RM10 million and incurred costs of RM2 million. w. Builder commenced building a shopping mall for a customer on 1 April of the current year and expects to take 15 months to complete . it. The fixed contract price is RM25 million and the estimated total