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On February 28, 2022, Jones & Hill, a consulting firm, entered into a contract to help Dr. LuLu Love, a local pediatric dental provider, design
On February 28, 2022, Jones & Hill, a consulting firm, entered into a contract to help Dr. LuLu Love, a local pediatric dental provider, design a marketing strategy to compete with Gold Tooth Dental. The contract spans ten months. Dr. Love promises to pay $75,000 at the end of each month beginning in March. At the end of the contract, Jones & Hill either will give Dr. Love a refund of $75,000 or will be entitled to an additional $75,000 bonus, depending on whether services at Dr. Loves practice at year-end have increased to a target level. At the inception of the contract, Jones & Hill estimates a 60% chance that it will earn the $75,000 bonus
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