Clemente Corporation has requested bids from several architects to design its new corporate headquarters. Troy Architects is
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Troy applies overhead to jobs at 160% of direct labor cost. Troy would like to earn at least $90,000 profit on the architectural job. Based on past experience and market research, it estimates that the competition will bid between $450,000 and $550,000 for the job.
1. What is Troy€™s estimated cost of the architectural job?
2. What bid would you suggest that Troysubmit?
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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