upreme Fitness, a health club, enters into contracts with customers for one year of membership to any of its health clubs for $50 per month for a minimum 12-month period. Supreme Fitness also charges a $50 nonrefundable joining fee to partially compensate for the initial activities of customer initiation and registration. How many performance obligations are in the contract?

A) One performance obligation

B) Two performance obligation

C) Three performance obligation

D) Four performance obligation

E) Five performance obligation

SpeedyTax sells a yearly subscription, which provides support to customers in preparing tax returns electronically. The annual subscription includes explanations of new tax laws and access to online tax assistance. If a customer purchases a one-year subscription, the customer is entitled to a renewal of the subscription for the following year at a 25% discount. The 25% discount is not available unless the subscription is purchased in the current year. How many performance obligations are in the contract?

A) One performance obligation

B) Two performance obligation

C) Three performance obligation

D) Four performance obligation

E) Five performance obligation