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Question - Sun Devil Corp. enters into a contract with a customer to build an apartment building for $1,000,000. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $150,000 to be paid if the building is ready for rental beginning August 1, 2018. The bonus is reduced by $50,000 each week that completion is delayed. Sun Devil commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:
Completed by: Probability
August 1 2018 70%
August 8, 2018 20%
August 15, 2018 5%
After Aug 15, 2018 5%
Determine the Transaction Price for this contract using the Expected Value approach?
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Sanford Co. sells $500,000 of 10% bonds on March 1, 2010. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2013. The bonds yield 12%. Give entries through December 31, 2011.
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What is the amount of current E&P allocated to the December distribution of $ 60,000
task name phase 2 discussion boarddeliverable length 500 words plus chart of accountsdetails primary task response
On July 2, 2009, the McGraw Corporation issued $500,000 of convertible bonds. Each $1,000 bond could be converted into 20 shares of the company's $5 par value stock.
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Calculate the total Social Security and Medicare tax burden on a sole proprietorship earning 2017 profit of $300,000, assuming a single sole proprietor
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