Homework Answers
| Calculation of transaction price | ||||
| The performance bonus is reduced by $53,300 for every week delay in completion of project. | ||||
| Completed by | Probability | Calculation | Expected transaction price | |
| 1-Aug-18 | 70% | 70%*(1015200+159900) | $822,570 | |
| 8-Aug-18 | 20% | 20%*(1015200+159900-53300) | $224,360 | |
| 15-Aug-18 | 4% | 4%*(1015200+159900-53300-53300) | $42,740 | |
| After 15-Aug-2018 | 6% | 6%*(1015200+159900-53300-53300-53300) | $60,912 | |
| Transaction price | $1,150,582 | |||
| Thus, transaction price of completion is $1,150,582 | ||||
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CALCULATOR FULL SCREEN PRINTER VERSION 4BACK NE Brief Exercise 18-6 Windsor Corp....
Blue Corp. enters into a contract with a customer to build an apartment building for $1,015,200....
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Pearl Corp. enters into a contract with a customer to build an apartment building for $1,000,800....
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Sheridan Corp. enters into a contract with a customer to build
an apartment building for $1,039,000. The customer hopes to rent
apartments at the beginning of the school year and provides a
performance bonus of $148,200 to be paid if the building is ready
for rental beginning August 1,2018.The bonus is reduced by $49,400
each week that completion is delayed. Sheridan commonly includes
these completion bonuses in its contracts and, based on prior
experience, estimates the following completion outcomes: August...
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Waterway Corp.enters into a contract with a customer to build an apartment building for $1,069,900. The...
Waterway Corp.enters into a contract with a customer to build an apartment building for $1,069,900. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $153,300 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $51,100 each week that completion is delayed. Waterway commonly includes these completion bonuses in its contracts and based on prior experience, estimates the following completion outcomes:...
How do you calculate the Transaction Price? Ayayai Corp. enters into a contract with a customer...
How do you calculate the Transaction Price?
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uestion 1 Concord Corp, enters into a contract with a customer to build an apartment building...
uestion 1 Concord Corp, enters into a contract with a customer to build an apartment building for $1,079,000. The customer hopes to rent apartments at the beginning of the school year and provides a erformance bonus of $153,000 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $51,000 each week that completion is delayed. Concord commonly mcludes these completion bonuses in its contracts and, based on prior experience, estimates the...
part A and b user to budan spartment buiding for $1,030,000. The 1, 2018 Theo d...
part A and b
user to budan spartment buiding for $1,030,000. The 1, 2018 Theo d uced by 400 euch we hopes to rent apartments when s dalye Sheridan commonly in the school year and provides a performance bonus of $140,200 to be paid these componentes in contracts and based on pro experience, estime n Brief Exercise 18- Sheridan Corpenters into a contract with building is ready for rental beninggu following completion outcomes Completed by Probability August 1, 2018 August,...
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Sheridan Corp. enters into a contract with a customer to build
an apartment building for $1,039,000. The customer hopes to rent
apartments at the beginning of the school year and provides a
performance bonus of $148,200 to be paid if the building is ready
for rental beginning August 1,2018.The bonus is reduced by $49,400
each week that completion is delayed. Sheridan commonly includes
these completion bonuses in its contracts and, based on prior
experience, estimates the following completion outcomes: August...
Waterway Corp.enters into a contract with a customer to build an apartment building for $1,069,900. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $153,300 to be paid if the building is ready for rental beginning August 1, 2021. The bonus is reduced by $51,100 each week that completion is delayed. Waterway commonly includes these completion bonuses in its contracts and based on prior experience, estimates the following completion outcomes:...
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