Do you think Paul's bid was accurate? why or why not? what is Paul's profit on the job? what would you have done differently during the bidding process if your Paul? Explain your answer.

Paint Palace Paul has a very good understanding of marketing and management as well as quality control. He has done a very good job growing the business with these skills, but he is less confident in his accounting skills. He has depended on support from Calculation Nation, the local bank. However, now that he has had the business for 5 years, he has lost the free financial counseling and support offered by Calculation Nation. Paul is looking for some help in evaluating the bid for the Calculating Circle job in order to determine if he bid the job correctly and what the profit will be once the job is complete. Paul's bid to refurbish Calculating Circle was $30,000. He stated in his bid that the job would take two weeks. When considering costs and profits, review the following costs for the job: Cost of Supplies and Resources 50 gallons of paint and painting supplies ($2,000 for paint and $1,000 for supplies) Truck rental from Rapid Rentals (Total cost of $2,000) Cost of Labor Two crew members at $12 per hour (40 hours per week) One lead crew member at $20 per hour (40 hours per week) Paul at $25 per hour (40 hours per week)