Question: 7 Current Attempt in Progress Nash A.G. enters into a contract with a customer to build an apartment building for (1,039,000. The customer hopes to

Current Attempt in Progress Nash A.G. enters into a contract with a customer to build an apartment building for (1,039,000. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of (148,200 to be paid if the building is ready for rental beginning August 1, 2023. The bonus is reduced by (49,400 each week that completion is delayed. Nash commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by Probability August 1, 2023 70% August 8, 2023 20 August 15, 2023 5 After August 15, 2023 5 Determine the transaction price for this contract. Transaction Price 10

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