In the previous year, a company had revenues of $500,000.00, a project overhead of $40,000 and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
In the previous year, a company had revenues of $500,000.00, a project overhead of $40,000 and a company overhead of $75,000. The company expects the percentage for project and company overhead to remain consistent for the current year. The company desires to make a 10% profit on a project it is currently bidding. The project is estimated to have $80,000 in direct costs. What should the bid price be? In the previous year, a company had revenues of $500,000.00, a project overhead of $40,000 and a company overhead of $75,000. The company expects the percentage for project and company overhead to remain consistent for the current year. The company desires to make a 10% profit on a project it is currently bidding. The project is estimated to have $80,000 in direct costs. What should the bid price be?
Expert Answer:
Answer rating: 100% (QA)
Solution Cine Company Revenue 500000 Project over Heed ... View the full answer
Related Book For
Basic Finance An Introduction to Financial Institutions Investments and Management
ISBN: 978-1111820633
10th edition
Authors: Herbert B. Mayo
Posted Date:
Students also viewed these finance questions
-
In 2011, a company had revenues of $29,700, beginning total assets of $26,000, and ending total assets of $28,000. Calculate the companys asset turnover ratio for 2011.
-
The Top Class Company had revenues of $925,000in 2014. Its operating expenses (excluding depreciation) amounted to $325,000,depreciation charges were $125,000, and interest costs totaled $55,000.If...
-
The Top Class Company had revenues of $925,000in 2011. Its operating expenses (excluding depreciation) amounted to $325,000, depreciation charges were $125,000, and interest costs totaled $55,000. If...
-
How are the square numbers embedded in Pascals triangle?
-
Several years ago, Bennett, Inc., bought a portion of the outstanding bonds of Smith Corporation, a subsidiary organization. The acquisition was made from an outside party. In the current year, how...
-
Explain how to determine the direction that a parabola opens, given the focus and the directrix.
-
The 2014-T6 aluminum column has the cross section shown. If the column is pinned at both ends and subjected to an axial force \(P=100 \mathrm{kN}\), determine the maximum length of the column. 15 mm]...
-
Kaufman Enterprises has bonds outstanding with a $1,000 face value and 10 years left until maturity. They have an 11% annual coupon payment, and their current price is $1,175. The bonds may be called...
-
How do organizations maintain stability and adaptability in the face of complex, rapidly changing environments, and what role does organizational culture play in this dynamic ?
-
Effective financial statement analysis requires an understanding of a firms economic characteristics. The relations between various financial statement items provide evidence of many of these...
-
Annual average wind speed values over time measured for a residential area located at 27th latitude and 34th longitude are given in the Table. After checking the goodness-of-fit by Kolmogorov -...
-
What is the value of Z if only 9.68% of all possible Z values are greater? Z=?
-
Melanie and Oli are competing Pacific halibut fishermen. Both have been assigned ITQs that limit their catch to 1,000 tonnes of Pacific halibut each. Melanie's cost per ton is $20; The cost per ton...
-
In a certain kingdom, the demand function for rye bread was q = 181 - 8p and the supply function was q = 13 + 6p, where p is the price in zlotys and q are the loaves of bread. The king made it...
-
Man's hourly wage = 60 TL; Discrimination coefficient = 0.38. According to the data, calculate the woman's wage according to both the formula 'Becker's Wage Discrimination' and Neo-classical...
-
Prove or disprove this assertion: Let x',...,x" be all the basic feasible solutions of Axb, x>0; then x is a feasible solution if it is a convex combination x = 0x + + 0NX (0, 0, 0; = 1).
-
Refer to the following advertisement. Babies thrive on real TORTY all 100% Beef, Lamb, Vel, Park, Line, H Liver and Bec ...here's meat they can eat at Ment is such a rich source of body-building...
-
Should U.S. antidumping laws be stated in terms of average total costs or average variable costs?
-
A firm with sales of $500,000 has average inventory of $200,000. The industry average for inventory turnover is four times a year. What would be the reduction in inventory if this firm were to...
-
An investor with a required return of 14 percent for very risky investments in common stock has analyzed three firms and must decide which, if any, to purchase. The information is as follows: a. What...
-
You sold a stock for $50 that you purchased five years earlier for $24. What was the holding period return? Prove that this return overstates the annualized, compound return.
-
For liquid acetone at \(20^{\circ} \mathrm{C}\) and \(1 \mathrm{bar}\), \[ \beta=1.487 \times 10^{-3} /{ }^{\circ} \mathrm{C} \quad \alpha=62 \times 10^{-6} / \mathrm{bar} \quad V=1.287...
-
Determine the molar volume of ammonia vapour and ammonia liquid at \(321.55 \mathrm{~K}\) and 1.95 \(\mathrm{MPa}\). Ammonia is assumed to follow van der Waals equation of state.
-
Any equation that relates to the pressure, temperature and volume is called an equation of state. Justify the statement.
Study smarter with the SolutionInn App