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there are 3 total parts. thank you! Alpha Garage Inc. enters into a contract to provide services totaling $82,000. The contract includes a potential performance
there are 3 total parts. thank you!
Alpha Garage Inc. enters into a contract to provide services totaling $82,000. The contract includes a potential performance bonus based on when Alpha Garage completes the services. Alpha Garage estimates the following scenarios for completion. (Click the icon to view the scenarios.) Determine the expected value of the bonus under each scenario. Ignore any constraints on variable consideration. Determine the expected value of the bonus under scenario 1. The expected value under scenario 1 is - X Scenarios Probability Scenario 2 Bonus Scenario 1 Scenario 3 Complete within 3 days 5 days 8 days 75% 45% 0% $ 10,500 $ 3,000 $ 3,500 20% 40% 85% 5% 15% 15% wer Print Done Step by Step Solution
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