1. and the d option is d. $63000

2.

On June 1, 2021, Emmet Property Management entered into a 2-year contract to oversee leasing and maintenance for an apartment building. The contract starts on July 1, 2021. Under the terms of the contract, Emmet will be paid a fixed fee of $63,000 per year and will receive an additional 10% of the fixed fee at the end of each year provided that building occupancy exceeds 80%. Emmet estimates a 20% chance it will exceed the occupancy threshold, and concludes the revenue recognition over time is appropriate for this contract. Assume Emmet estimates variable consideration as the most likely amount. How much revenue should Emmet recognize on this contract in 20212 5.40 Multiple Choice $31,500 $35,250 $32.130 Present and future value tables of $1 at 9% are presented below. 1 NP 2 PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA of $1 0.91743 1.09000 0.91743 1.0900 1.0000 0.84168 1.18810 1.75911 2.2781 2.0900 0.77218 1.29503 2.53129 3.5731 3.2781 0.70843 1.41158 3.23972 4.9847 4.5731 0.64993 1.53862 3.88965 6.5233 5.9847 0.59627 1.67710 4.48592 8.2004 7.5233 4 5 6 How much must be invested now at 9% interest to accumulate to $21,000 in five years? Multiple Choice $13,382 $13,649 How much must be invested now at 9% interest to accumulate to $21,000 in five years? Multiple Choice 0 $13,382. $13,649. $11,221. $11,488