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Indigo A.G, enters into a contract with a customer to build an apartment building for 61,031,300. The customer hopes to rent apartments at the beginning

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Indigo A.G, enters into a contract with a customer to build an apartment building for 61,031,300. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of 144,300 to be paid if the building is ready for rental beginning August 1, 2023. The bonus is reduced by 48,100 each week that completion is delayed. Indigo commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: (a) Determine the transaction price for the contract, assuming Indigo is only able to estimate whether or not the building can be completed by August 1,2023, or not (Indigo estimates that there is a 70% chance that the building will be completed by August 1 . (a) Determine the transaction price for the contract, assuming Indigo is only able to estimate whether or not the building can be completed by August 1,2023, or not (Indigo estimates that there is a 70 s chance that the building will be completed by August 1. 2023). (If answer is 0 , please enter 0 . Do not leave any fields blank.) Transaction Price (b) Determine the transaction price for the contract, assuming Indigo has limited information with which to develop a rellable estimate of completion by the August 1, 2023, deadline. Transaction Price

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