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On june 1, 2021, Emmet Property Management entered iato a 2 year contract to oversed leasing and maintenance fot an apartment build ing. The contisct
On june 1, 2021, Emmet Property Management entered iato a 2 year contract to oversed leasing and maintenance fot an apartment build ing. The contisct starts on July 1,2021 . Under the terms of the contract, Emmet wis be paid a fieed fee of $60.000 per year and will receve an addilonal 10% of the fixed fee at the end of esch year provided that buiding occupancy Assume than Emmet accrues revenue each menth, and estimates varlable consideration as the most likely amount. On Navember 1 , Enmiet revises its estimate of the chance the building will exceed the Box occupancy threshold to o foNi chance. What is the total amount of revenue Emmet should recegrite on this contract in November of 2027 . Muropie Choce 34.60t HERE 57500 55.18Pe
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