Question

XYZ company construct buildings. Company receive a contract to build an office building
for $1,031,300. Customer will provide different floors on lease to small entrepreneurs for
set up of business. If XYZ company complete the contract on timely basis, then customer
will provide benefit of performance bonus which is $144,300 if building is ready for lease
beginning November 1, 2018. This bonus will get reduced every week the work delayed
by $48,100. The probability of completion of contract is given below:
Probability
70%
A
20%
Completed by
November 1, 2018
November 8, 2018
November 15, 2018
After November 15, 2018
4%
6%
Among the given options, determine transaction price for the contract with the assumption
that XYZ company complete the construction by November 1, 2018 with 70% probability
ENG​

Answer 1

Answer:

70/89 A of Q

Explanation:

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