Question: Please I need help with this question help. I got the entire answer in the table wrong. Thomas Consultants provided Bran Construction with assistance in

Please I need help with this question help. I got the entire answer in the table wrong.  Please I need help with this question help. I got the
entire answer in the table wrong. Thomas Consultants provided Bran Construction with

Thomas Consultants provided Bran Construction with assistance in implementing various cost-savings initiatives Thomas's contract specifies that it will receive a flat fee of $69.000 and an additional $39.000 if Bran reaches a prespecified target amount of cost savings. Thomas estimates that there is a 25% chance that Bran will achieve the cost-savings target Required: 1. Assuming Thomas uses the expected value as its estimate of variable consideration, calculate the transaction price. 2. Assuming Thomas uses the most likely value as its estimate of variable consideration, calculate the transaction price. 3. Assume Thomas uses the expected value as its estimate of variable consideration, but is very uncertain of that estimate due to a lack of expenence with similar consulting arrangements. Calculate the transaction price. \begin{tabular}{|l|lr|} \hline & \multicolumn{2}{|c|}{ Transaction Price } \\ \hline 1. Using expected value & $ & 27,000 \\ \hline 2. Using most likely value & $ & 51,750 \\ \hline 3. Using expected value but uncertain & $ & 78,750 \\ \hline \end{tabular}

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