Homework Answers
| Calculation of transaction price | ||||
| transaction price = contract price+bonus | ||||
| Calculation of performance bonus | ||||
| probability(a) | amount(b) | eatimated bonus (a)*(b) | ||
| completed on time | 55% | 38800 | 21340 | |
| 1 week later | 25% | 29100 | 7275 | |
| 2 week later | 20% | 19400 | 3880 | |
| total estimated performance bonus | 32495 | |||
| Transaction price = 183000+32495 = 215495 | ||||
| b) | ||||
| estimated performance bonus | ||||
| probability(a) | amount(b) | eatimated bonus (a)*(b) | ||
| completed on tine | 86% | 38800 | 33368 | |
| 1 week later | 14% | 29100 | 4074 | |
| total estimated performance bonus | 37442 | |||
| Transaction price = 183000+37442 = 220442 | ||||
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