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Business, 23.03.2020 16:52 ijustneedhelp29

Marle Construction enters into a contract with a customer to build a warehouse for $950,000 on March 30, 2021 with a performance bonus of $50,000 if the building is completed by July 31, 2021. The bonus is reduced by $10,000 each week that completion is delayed. Marle commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:
Completed by Probability
July 31, 2021 65%
August 7, 2021 25%
August 14, 2021 5%
August 21, 2021 5%
Required:
a. The transaction price for this transaction is .

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