Small Business Solutions:MITS's typical small business solution customer is a growing business without a designated information technology department that purchases server hardware. MITS sells a small business solution of $175,000, with payment in advance to allow MITS to order the servers. The small business servers cost $90,000.

Included with the purchase of a server is one year of database management services. If a customer does not want the database management services, MITS provides a discount of $25,000 from the mainframe purchase price. All customers wanted the services in the current fiscal year and MITS provided a total of 47 months of DMS services as a result of these sales.Database Management Services (DMS):MITS recently began marketing its DMS on a stand-alone basis for $3,500 per month, which is consistent with competitor prices. As of year end, the company has not received any orders for only DMS; however, management expects orders to begin to pick up shortly.

Based on the above,

Please provide the allocation calcultions and step 5 only of IFRS 15 ; BH35 and BH 38 .

Second : Please explain and provide an example of each of the following

variable consideration (see paragraphs50-55 and59);

(b)constraining estimates of variable consideration (see paragraphs56-58);

(c)the existence of a significant financing component in the contract (see paragraphs60-65);

(d)non-cash consideration (see paragraphs66-69); and

(e)consideration payable to a customer (see paragraphs70-72).