subject
Business, 19.09.2019 19:00 texaslady36

Wildhorse corp. enters into a contract with a customer to build an apartment building for $1,031,300. the customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $144,300 to be paid if the building is ready for rental beginning august 1, 2018. the bonus is reduced by $48,100 each week that completion is delayed. wildhorse commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: completed by probabilityaugust 1, 2018 70 %august 8, 2018 20 august 15, 2018 4 after august 15, 2018 6 (a) determine the transaction price for the contract, assuming wildhorse is only able to estimate whether the building can be completed by august 1, 2018, or not (wildhorse estimates that there is a 70% chance that the building will be completed by august 1, 2018).

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:50
Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?
Answers: 2
question
Business, 22.06.2019 09:30
What are two benefits of consumer programs
Answers: 2
question
Business, 22.06.2019 11:00
Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?
Answers: 1
question
Business, 22.06.2019 12:50
Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?
Answers: 2
You know the right answer?
Wildhorse corp. enters into a contract with a customer to build an apartment building for $1,031,300...
Questions
Questions on the website: 13722360