Question: During this month, ACY Limited ( ACY ) signed a contract with a customer, BBA Limited ( BBA ) , in which ACY shall build

During this month, ACY Limited (ACY) signed a contract with a customer, BBA Limited (BBA), in which ACY shall build a warehouse for BBA. The fixed contract price is $200,000, payable upon completion of the warehouse. An extra bonus of $50,000 is also payable to ACY if the work could be completed by the agreed-upon completion date. Based on ACYs past experience, this is estimated that there is 80% chance of completing the work on time, and 20% chance of late completion. Question By the end of this month, ACY estimates that 30% of the construction work has been completed. How much revenue shall be recognized by ACY for this month? Question 9Select one: A. $75,000 B. $51,000 C. $60,000 D. $72,000

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