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ATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 18-6 Bramble Corp. enters into a...

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ATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 18-6 Bramble Corp. enters into a contract with a customer to build an apartment building for $1,061,800. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $139,200 to be paid if the building is ready for rental beginning August 1. 2018. The bonus is reduced by $46,400 each week that completion is delayed. Bramble commonly indudes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes: Completed by August 1, 2018 August 8, 2018 August 15, 2018 After August 15, 2018 Probability 70 % 20 Determine the transaction price for this contract. Transaction Price

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