Question: Current Attempt in Progress Flint Corp. enters into a contract with a customer to build an apartment building for $930,000. The customer hopes to
Current Attempt in Progress Flint Corp. enters into a contract with a customer to build an apartment building for $930,000. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $151,500 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $50,500 each week that completion is delayed. Flint commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by Probability August 1, 2021 70 % August 8, 2021 20 August 15, 2021 5 After August 15, 2021 5 Determine the transaction price for this contract. Transaction Price $ Save for Later Attempts: 0 of 1 used Submit Answer
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