LJU Question 29 of 29 - /5 Ti View Policies Current Attempt in Progress Ayayai Corp.enters into a contract with a customer to build an apartment building for $750,000. The customer hopes to rent apartments at the beginning of the school year and offers a performance bonus of $125,000 to be paid if the building is ready for rental beginning August 1, 2020. The bonus is reduced by $41,667 each week that completion is delayed. Ayayai commonly includes these completion bonuses in its contracts and based on prior experience, estimates the following completion outcomes: Completed by August 1, 2020 August 8, 2020 August 15, 2020 After August 15.2020 Probability 70 % 20 5 5 Determine the transaction price for this contract, assuming Ayayai is only able to estimate whether the building can be completed by August 1.2020. or not. Ayayai estimates that there is a 70% chance that the building will be completed by August 1, 2020: Transaction price s Determine the transaction price for this contract, assuming Avayai has limited information with which to develop a reliable estimate of completion by the August 1.2020 deadline Transaction price s Type best to search