Sheek Interior Designs has been requested to prepare a bid to decorate four model homes for a new development. Winning the bid would be a big boost for sales representative Jason Draper, who works Sacha Gregory, the cost accountant for Sheek, prepares the bid based on the following cost information: (Click the icon to view the cost information.) i (Click the icon to view the additional information.) Read the requirements. Requirement 1. Is the $700 spent on the basketball tickets relevant to the bid decision? Why or why not? The $700 spent on the basketball tickets is a cost and is, therefore, to the bid decision. Sheek will incur the $700 cost Requirement 2. Gregory suggests that if Draper is willing to use cheaper furniture and artwork, he can achieve a bid of $177,000. The designs have already been reviewed and accepted and cannot be chang cost, so the entire amount of reduction in cost will need to come from furniture and artwork. What is the target cost of furniture and artwork that will allow Draper to submit a bid of $177,000 assuming a target cost? First determine the target full cost then determine the target cost of furniture and artwork that will allow Draper to submit a bid of $177,000 assuming a target markup of 20% of full cost. Target full cost Target cost of furniture and artwork Requirement 3. Evaluate whether Gregory's suggestion to Draper to use the developer's tip is unethical. Would it be unethical for Draper to reduce the cost of furniture and artwork to arriveat a lower bid? What Draper and Gregory take to resolve this situation? It unethical for Draper to use the basketball tickets to get the tip out of the developer. Knowing about Draper's action and suggesting a way to use it | | unethical on the part of Gregory. In assessin Enter any number in the edit fields and then continue to the next question. ~ DENG Type here to search O i 9 T W