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B. Tamer Construction enters a contract with a customer to build a warehouse for 300,000 on March 30, 2020, with a performance bonus of
B. Tamer Construction enters a contract with a customer to build a warehouse for 300,000 on March 30, 2020, with a performance bonus of 20,000 if the building is completed by July 31, 2020. The bonus is reduced by 4,000 each week that completion is delayed. Tamer commonly includes these completion bonuses in its contracts and based on prior experience, estimates the following completion outcomes: Completed by Probability July 31, 2020 60% August 14, 2020 40% Instruction: The transaction price for this transaction is: I
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