On May 1st, Microsoft and Apple agree that Apple will deliver 100 smartphones to Microsoft on each Monday in the month. Under the agreement, Microsoft will pay for the smartphones on June 1st. On May 1st what type of contract is this? On May 31st what type of contract is this?

A grocery store chain and a farmer enter a forward contract for 10,000 bushels of wheat. The contract expires 3 months from today, and the store chain agrees to pay $7.50 per bushel. If the wheat price increases to $8.15 per bushel by contract expiration, calculate profit/loss for each party.

Company A provides a bundled service offering to Customer B. It charges Customer B $800,000 for initial connection to its network and two ongoing services - access to the network for 1 year and 'on-call troubleshooting' advice for that year. Customer B pays the $800,000 upfront, on 1 July 2020. Company A determines that, if it were to charge a separate fee for each service if sold separately, the fee would be: Connection fee Access fee Troubleshooting Paragraph $400,000 Lato (Recomm... v $500,000 The end of Company A's reporting period is 30 June 2021. Required Prepare the journal entries to record this transaction in accordance with AASB 15 for 1 July 2020 and the year ended 30 June 2021, assuming Company A applies the relative fair value approach. (Show all workings). $400,000 BI U A/ 19px (... ✓ EQ DC X M

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Metlock Corp. enters into a contract with a customer to build an apartment building for $1,061,500. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $147,900 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $49,300 each week that completion is delayed. Metlock commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by August 1, 2021 August 8, 2021 August 15, 2021 After August 15, 2021 Probability Transaction Price $ 70 % 20 5 5 (a) Determine the transaction price for the contract, assuming Metlock is only able to estimate whether the building can be completed by August 1, 2021, or not (Metlock estimates that there is a 70% chance that the building will be completed by August 1, 2021). (If answer is 0, please enter 0. Do not leave any fields blank.) (b) Determine the transaction price for…

On 12-31-21, Austin entered into an agreement that required Austin to pay a supplier $4,000 every year on 12-31 until 12-31-30. The agreement required Austin to make the first annual payment on 12-31-24. Assume the market rate of interest for Austin is 6%. As of 12-31-21 what was the present value of Austin's obligation?

Please answer the next question based on the following Chase Bank's direct spot and forward markets quotes for MXN right now (1/1/XX), and expected quotes three months later (4/1/XX), and six months later (7/1/XX). Current Quotes 1/1/XX 0.2015 MXN Spot 3 Month Forward 0.2076 6 Month Forward 0.2107 On 1/1/XX, Dell bought a 6-month to Chase, Chase will pay. USD 225,800, MXN 1,000,000 O MXN 225,800; USD 210,700 USD 210,700; MXN 1,000,000 O MXN 1,000,000; USD 225,800 Expected Quotes 4/1/XX 7/1/XX 0.2034 0.216 0.2096 0.2225 0.2127 0.2258 forward contract of MXN 1,000,000 from Chase. Based on this contract, on 7/1/XX, Dell will pay to Dell. www.

Solve and explain why it is the answer.

ABC Inc, a telecommunications operator, entered into a contract with Mr. X on March 1, 20x2. In line with the contract, Mr. X will subscribe to ABC Inc's monthly plan for 12 months and in return Mr. X receives a free cellphone from ABC Inc. Mr. X will pay a monthly fee of P5,000. Mr. X will get immediately the handset after the contract signing. ABC Inc sells the same handset for P26,000 and the same monthly plan for P3,250 per month without the handset. Determine the revenue to recognized by H Inc. on April 30, 20x7. [A] 27,000 [B] 5,000 [C] 3,250 [D] 3,000

Netflix has decided to issue a perpetual membership (never ends). If Netflix charges $9 per month for its standard membership, how much should Netflix charge, in a one-time upfront payment, for the perpetual membership? The APR is 7%