. hardware/software installation, repairs, data backup, device syncing, and network on Atianzar and Cabalde Computers is a franchisor and provides a range of compune popular Samsung, Dell, Acer and other PC devices. Each franchise ogreenteng franchisee the right to open a Atianzar and Cabalde outlet and sell Alianza and CA products and services in the area for five (5) years. Under the contract, Alianzar and Co also provides the franchisee with a number of services to support and enhance the rada brand, including: advising and consulting on the operations of the store: communicating new hardware and software developments, and service techniques providing business and training manuals; and advertising programs and training. As an almost entirely service operation (all materials and other supplies are purchased needed by customers). Atianzar and Cabalde provides few upfront services to franches Instead, the franchisee recruits service technicians, who are given Alianzar and Coblox training materials (online manuals and tutorials), which are updated for technology changes ar a monthly basis at a minimum. Atianzar and Cabalde enters into a franchise agreement on December 15, 2007, giving a franchisee the rights to operate a Afianzar and Cabalde franchise in Cagayan Valley tor five : years. Atianzar and Cabalde charges an initial franchise fee of P975,000 for the right to open as a franchisee, payable upon signing the contract. Alianzar and Cabalde also recen ongoing royalty payments of 7% of the franchisee's annual sales (payable each January 15e the following year). The franchisee company records P16,575.000 of revenue for the yeo ero December 31, 20x8. VUZ A None B. 1 18. How many performance obligations exist in this contract for franchise? C. 2 D. 3 2. The franchisee revenue should be recognized: C. Point in Time D. Over Time 1. The franchisee revenue on December 31, 20x7 should be: A None C. P 975,000 8. P195,000 D. P1,160,250 22. The franchisee revenue on December 31, 20x8 should be: A. P 195.000 C. P1,160,250 B. P 975,000 D. P1,355,250 A No transaction B. No revenue . kanchise