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mihalych1998 [28]
2 years ago
11

Pharoah Construction enters into a contract with a customer to build a warehouse for $870000 on March 30, 2021 with a performanc

e bonus of $50000 if the building is completed by July 31, 2021. The bonus is reduced by $10000 each week that completion is delayed. Pharoah commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by Probability July 31, 2021 65% August 7, 2021 25% August 14, 2021 5% August 21, 2021 5% The transaction price for this transaction is
Business
1 answer:
gogolik [260]2 years ago
3 0

Answer:

$915,000

Explanation:

The computation of the transaction price based on the expected value approach is presented below:

The formula is

= (Building cost of warehouse + bonus) × probability percentage

Date                                 Calculation                              Amount

July 31, 2021         ($870,000+$50,000) × 0.65            $598,000

August 7, 2021 ($870,000+$40,000) × 0.25                 $227,500

August 14, 2021 ($870,000+$30,000) × 0.05               $45,000

August 21, 2021 ($870,000+$20,000) × 0.05               $44,500

Total                                                                                  $915,000

Since the bonus is reduced $10,000 each week so $10,000 is subtracted for every delayed week

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Answer:

the total trade receivable is $12,300

Explanation:

The computation of the total trade receivable is shown below:

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Hence, the total trade receivable is $12,300

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8 0
3 years ago
The legal liability of a common carrier for damage to or loss of goods in its custody
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Answer:

The correct option is (d).

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3 years ago
Suppose the real risk-free rate is 3.50% and the future rate of inflation is expected to be constant at 2.20%. What rate of retu
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1.27%

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The CEO John Stumpf and the former retail banking head were some of the primary decision makers that led to the illegal sales activities.

Sales are sports related to promoting or the number of products offered in a given targeted term. The transport of a provider for a price is likewise taken into consideration a sale. A sale is a transaction between two or more events in which items or services are exchanged for cash or different property. within the financial markets, a sale is an settlement between a customer and vendor regarding the rate of a protection and its transport for agreed-upon reimbursement. In fashionable commercial enterprise operations, income confer with any transactions where money or value is exchanged for the ownership of a good or entitlement to a service. In an accounting context, income refers to a corporation's sales earned from the sales of services or products (net sales).

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1 year ago
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