Johnson Construction Company uses cost-plus pricing to determine costs and place bids on local jobs. The manager needs to compute the cost-plus price to place a bid on a community swimming pool, deck, and spa. The estimated cost associated with the new project is $225,000. The markup on the project cost is 40%. What is the cost-plus price required to bid on the new project?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Johnson Construction Company uses cost-plus pricing to determine costs and place bids on local jobs. The manager needs to compute the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following is an advantage of a sole proprietorship? a. It is easy to expand if it succeeds. b. It faces few government rules. c. It is easy to get financing to start one. d. It has the lowest federal income taxes
Answers (1)
Suppose firms follow similar financing policies, face similar risks, have equal access to capital, and operate in competitive product and capital markets.
Answers (1)
A company needs $8 million in new capital for expanded composites manufacturing. It is offering small-denomination corporate bonds at a deep discount price of $800 for a 4% $1000 face value bond that matures in 20 years and pays the dividend
Answers (1)
You ale offered a choice of an incremental shaft encoder or an absolute shaft encoder for the measurement of an angle displacement. What is the principal difference between the results that can be obtained by these methods?
Answers (1)
Under a progressive tax system, Elaine earned a salary for the year that placed her in a tier that paid a marginal tax rate of 40 percent for all income earned over $150,000 but less than $415,000. Which of the following statements is true? a.
Answers (1)
New Questions in Business
What would be the consequences if a health care organization follows the guidelines of transparency and allows the free flow of information?
Answers (2)
Marginal cost equals: a) total cost divided by quantity of output produced. b) total output divided by the change in total cost. c) the slope of the total cost curve. d) the slope of the line drawn from the origin to the total cost curve.
Answers (2)
Dependable Motors just purchased some MACRS five-year property at a cost of $216,000. The MACRS rates are. 2,.32, and. 192 for Years 1 to 3, respectively.
Answers (1)
For over 700 years, the city of granada and much of spain was ruled by which people?
Answers (2)
Diversifun, Inc., an insurance company, recently decided to offer boat insurance. Diversifun was concerned that the most likely boat insurance customers would be the least competent, highest-risk boat captains, because they stand to benefit most
Answers (1)