Joe has been offered a job to paint a 3400 square foot home with 14 openings for $4,000. If Joe has a minimum acceptable profit margin of 20% over cost, should he accept the job. Explain your answer?

Chapter 6 - Problem 2 Joe Bauer Inc. specializes in the painting of older homes and employs several painters. It is essential for Joe Bauer to have accurate cost estimates so he ca Joe has been using the home's square feet for his paint cost estimates. Recently, he decided to use the number of openings (total number of doors and wind Joe has kept records of his past 12 jobs: Job 1 2 3 4 5 6 7 8 9 10 11 12 Sq. feet 2600 3010 2800 2850 4050 2700 2375 2450 2600 3700 2650 3550 Openings Cost ($) 13 3300 15 3750 12 3100 12 3150 19 4700 13 3250 11 2800 11 2800 10 2875 16 4100 13 3200 16 3950 Question: Joe has been offered a job to paint a 3400 square foot home with 14 openings for $4,000. If Joe has a minimum acceptable profit margin of 20% over cost es so he can estimate painting costs before he accepts a job. s and windows) in a house as a cost driver since the cost of painting trim work around doors and windows is significant. % over cost, should he accept the job. Explain your