{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T06:16:47-04:00", "answer_date": "2024-05-26 06:16:47", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1725372", "url": "\/study-help\/questions\/jeff-heun-president-of-larkspur-always-agrees-to-construct-a-1725372", "question_creation_date_js": "2024-05-26T06:16:47-04:00", "question_creation_date": "May 26, 2024 06:16 AM", "meta_title": "[Solved] Jeff Heun, president of Larkspur Always, | SolutionInn", "meta_description": "Answer of - Jeff Heun, president of Larkspur Always, agrees to construct a concrete cart path at Dakota Golf Club. Larkspur Always | SolutionInn", "meta_keywords": "jeff,heun,president,larkspur,agrees,construct,concrete,cart,path,dakota,golf,club", "question_title_h1": " Jeff Heun, president of Larkspur Always, agrees to construct a concrete cart path at Dakota Golf Club. Larkspur Always enters into a contract with", "question_title": " Jeff Heun, president of Larkspur Always, agrees to construct a concrete", "question_title_for_js_snippet": "Jeff Heun, president of Larkspur Always, agrees to construct a concrete cart path at Dakota Golf Club Larkspur Always enters into a contract with Dakota to construct the path for $223,000 In addition, as part of the contract, a performance bonus of $34,400 will be paid based on the timing of completion The performance bonus will be paid fully if completed by the agreed upon date The performance bonus decreases by $8,600 per week for every week beyond the agreed upon completion date Jeff has been involved in a number of contracts that had performance bonuses as part of the agreement in the past As a result, he is fairly confident that he will receive a good portion of the performance bonus Jeff estimates, given the constraints of his schedule related to other jobs, that there is 50 probability that he will complete the project on time, a 30 probability that he will be 1 week late, and a 20 probability that he will be 2 weeks late ", "question_description": "\"image\"image\"image", "transcribed_text": "Jeff Heun, president of Larkspur Always, agrees to construct a concrete cart path at Dakota Golf Club. Larkspur Always enters into a contract with Dakota to construct the path for $223,000. In addition, as part of the contract, a performance bonus of $34,400 will be paid based on the timing of completion. The performance bonus will be paid fully if completed by the agreed-upon date. The performance bonus decreases by $8,600 per week for every week beyond the agreed-upon completion date. Jeff has been involved in a number of contracts that had performance bonuses as part of the agreement in the past. As a result, he is fairly confident that he will receive a good portion of the performance bonus. Jeff estimates, given the constraints of his schedule related to other jobs, that there is 50% probability that he will complete the project on time, a 30% probability that he will be 1 week late, and a 20% probability that he will be 2 weeks late.", "related_book": { "title": "Accounting concepts and applications", "isbn": "978-0538750196, 538745487, 538750197, 978-0538745482", "edition": "11th Edition", "authors": "Albrecht Stice, Stice Swain", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/75.jpg", "uri": "\/textbooks\/accounting-concepts-and-applications-11th-edition-75", "see_more_uri": "" }, "free_related_book": { "isbn": "1685793258", "uri": "\/textbooks\/dinosaur-sanctuary-vol-2-1st-edition-978-1685793258-97404", "name": "Dinosaur Sanctuary Vol 2", "edition": "" }, "question_posted": "2024-05-26 06:16:47", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/case-study-mrs-anh-thuy-mrs-anh-thuy-is-663457", "description": "Mrs Anh Thuy is a 43 year old lady admitted following an incidence of blurred vision, numbness down the right side and a sharp pain in her head. 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