Taplop supplies laptop computers to large businesses. On 1 July 20X5, Taplop entered into a...
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Taplop supplies laptop computers to large businesses. On July X Taplop entered into a contract with TrillCo, under which TrillCo was to purchase laptops at $ per unit. The contract states that if Trillcopurchases more than laptops in a year, the price per unit is reduced retrospectively to $ per unit.Taplop's year end is June. a As at September X TrillCo had bought laptops from Taplop. Taplop therefore estimated that TrillCo's purchases would not exceed in the year to June X and Trillco wouldtherefore not be entitled to the volume discount. b During the quarter ended December X TrillCo expanded rapidly as a result of a substantial acquisition, and purchased an additional laptops from Taplop. Taplop then estimated thatTrillCo's purchases would exceed the threshold for the volume discount in the year to JuneXRequiredCalculate the revenue Taplop would recognise in:a Quarter ended September Xb Quarter ended December X
Taplop supplies laptop computers to large businesses. On July X Taplop entered into a contract with TrillCo, under which TrillCo was to purchase laptops at $ per unit. The contract states that if Trillcopurchases more than laptops in a year, the price per unit is reduced retrospectively to $ per unit.Taplop's year end is June. a As at September X TrillCo had bought laptops from Taplop. Taplop therefore estimated that TrillCo's purchases would not exceed in the year to June X and Trillco wouldtherefore not be entitled to the volume discount. b During the quarter ended December X TrillCo expanded rapidly as a result of a substantial acquisition, and purchased an additional laptops from Taplop. Taplop then estimated thatTrillCo's purchases would exceed the threshold for the volume discount in the year to JuneXRequiredCalculate the revenue Taplop would recognise in:a Quarter ended September Xb Quarter ended December X
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