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8. Carolina Inc. signs a contract to build a building, the contract specifies that if...

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Accounting

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8. Carolina Inc. signs a contract to build a building, the contract specifies that if Carolina completes the building by August 1, 2020 they will be paid $250,000. Additionally, they will receive a $10,000 bonus for each week that they finish ahead of schedule. There is a 50% change they will be on time, a 35% chance they will be done one week early, and a 15% chance they will be done 2 weeks early. At what amount will Carolina account for the revenue arrangement? 8. Carolina Inc. signs a contract to build a building, the contract specifies that if Carolina completes the building by August 1, 2020 they will be paid $250,000. Additionally, they will receive a $10,000 bonus for each week that they finish ahead of schedule. There is a 50% change they will be on time, a 35% chance they will be done one week early, and a 15% chance they will be done 2 weeks early. At what amount will Carolina account for the revenue arrangement

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