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Answer is not 990500 or 1137800, NEED ASSISTANCE Pharoah Corp. enters into a contract with a customer to build an apartment building for $990,500. The
Answer is not 990500 or 1137800, NEED ASSISTANCE
Pharoah Corp. enters into a contract with a customer to build an apartment building for $990,500. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $147,300 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $49,100 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 August 1, 2021 70% August 8, 2021 20 August 15, 2021 After August 15, 2021 Determine the transaction price for this contract. Transaction Price $ e Textbook and Media Attempts: unlimited Save for Later Last saved 1 second ago. o B e me e 9 x NOW Submit Answer 12:55 PM 4/24/202Step by Step Solution
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