Using the same data from Problem 23, and the same contract type, how much will the contractor

Question:

Using the same data from Problem 23, and the same contract type, how much will the contractor be reimbursed if the cost of performing the work is $102,000?

Data from problem 23

An FPIF contract has the following characteristics:
Sharing ratio: 70/30
Target cost: $100,000
Target fee: $8,000
Price ceiling: $110,000

A. $104,000
B. $107,400
C. $109,400
D. $110,000

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Project Management A Systems Approach To Planning Scheduling And Controlling

ISBN: 9781119805373

13th Edition

Authors: Harold Kerzner

See More Books

Question Posted: Sep 27, 2023 08:02 AM

See More Questions

Using the same data from Problem 23, and the same contract type, how much will the contractor be reimbursed if the cost of performing the work is $105,000? Data from problem 23 An FPIF contract has...
Using the same data from Problem 20, and the same contract type, how much will the contractor be reimbursed if the cost of performing the work is $85,000? Data from problem 20 A...
Using the same data from Problem 20, and the same contract type, how much will the contractor be reimbursed if the cost of performing the work is $120,000? Data from problem 20 A...
Westile Company buys plain ceramic tiles and prints different designs on them for souvenir and gift stores. It buys the tiles from a small company in Europe, so at all times it keeps on hand a stock...
Refer to information from QS 23-8A. Goldenlock Company assigns variable overhead at the rate of $1.75 per unit of production. Fixed overhead equals $5,000,000 per month. Prepare a factory overhead...
Write a description of an object as you are looking at it. Then compare the written description with the information you can obtain by looking at the object or at a picture of the object. Is it true...
Outline the methods by which share capital may be issued.
You are given the following data on two companies, M and N (figures are millions): Required: a. Which company has the higher profit margin? b. Which company has the higher investment turnover? c....
Handy Home sells windows and doors in the ratio of 7:3 (windows:doors). The selling price of each window is $119 and of each door is $269. The variable cost of a window is $72.00 and of a door is...
Viola Holloway and Renee Forrow are the sole equal shareholders in the corporation of Holloway And Forrow Enterprises, Inc. The Ilolloway And Eomow Enterprises, Inc. owns the following depreciable...
Which of the following is not part of the generally accepted view of quality today? A. Defects should be highlighted and brought to the surface. B. We can inspect quality. C. Improved quality saves...
A cost-plus-incentive-fee contract has the following characteristics: Sharing ratio: 80/20 Target cost: $100,000 Target fee: $12,000 Maximum fee: $14,000 Minimum fee: $9,000 How much will the...
It is suggested that a channel which reduces erosion has a parabolic shape, as in Fig. P10.46. Formulas for area and perimeter of the parabolic cross-section are as follows [Ref. 7 of Chap. 10]:...
1. Identify areas of difference that could potentially cause conflict between line managers in the United States and their employees who are natives of the locales in which they work (e.g. paid leave...
In organizational behavior, understanding the factors that predict organizational performance is crucial for managers and researchers. Numerous theories and studies have attempted to shed light on...
What emotional triggers or psychological biases influence consumer decision-making in our industry, and how can we leverage them in our marketing campaigns?
The most abundant protein on Earth, Rubisco, is a 530,000.0 g/mol enzyme involved in photosynthesis. You dissolve 33.568 g of Rubisco in 250 ml of water at 25.0 C. Assume the mixture behaves as an...
This week you studied about Organizational Development interventions. Proposed Intervention: Detail and explain the type of intervention (individual, team, or organizational) that is warranted for...
Assume the following data for Oshkosh Company before its year-end adjustments: Journalize the adjusting entries for the following: a. Estimated customer refunds and allowances b. Estimated customer...
The registrar of a college with a population of N = 4,000 full-time students is asked by the president to conduct a survey to measure satisfaction with the quality of life on campus. The following...
Why does the Critical Chain methodology claim that individual tasks cannot be protected by inflated estimates or due dates? How does buffering a project and feeding paths provide greater...
One of the software products that supports Critical Chain has its own proprietary database. Describe one major advantage of having a project management product use its own database and one major...
One of the software products that supports Critical Chain is based on the Oracle database. Describe one major advantage of having a project management product use the Oracle database and one major...
September 23 for $1,050 each. On December 24 , it sold one of the diamonds that was purchased on July 9 . Using the specific identification method, its ending inventory (after the December 24 sale)...
Madsen Motors's bonds have 13 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 8%, and the yield to maturity is 10%. What is the...
Builder Products, Incorporated, uses the weighted - average method in its process costing system. It manufactures a caulking compound that goes through three processing stages prior to completion....

Using the same data from Problem 23, and the same contract type, how much will the contractor

Question:

Step by Step Answer:

Project Management A Systems Approach To Planning Scheduling And Controlling

Students also viewed these Business questions