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this is part 2 of 3. please help me solve both remaining parts. thank you. Triple Z Garage Inc. enters into a contract to provide
this is part 2 of 3. please help me solve both remaining parts. thank you.
Triple Z Garage Inc. enters into a contract to provide services totaling $78,000. The contract includes a potential performance bonus based on when Triple Z Garage completes the services. Triple Z Garage estimates the following scenarios for completion Click the icon to view the scenarios.) Determine the bonus using the most-likely-amount approach. Ignore any constraints on variable consideration. Determine the bonus using the most-likely-amount approach under scenario 1. The bonus this contract using the most likely-amount approach under scenario 1 is Determine the bonus using the most-likely-amount approach under scenario 2. $ 15,000 The bonus for this contract using the most likely-amount approach under scenario 2 is Probability Scenario 2 Complete within Bonus Scenario 1 Scenario 3 70% 48% 0% 3 days 5 days 8 days $ 15,000 $ 3,000 $ 5,500 10% 37% 70% 20% 15% 30% Step by Step Solution
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