A project being tendered at $100,000 has material costs of $60,000 and labour costs of $20,000. What

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A project being tendered at $100,000 has material costs of $60,000 and labour costs of $20,000. What amount should be allowed in the estimate to cover the premium cost for a 50% labour and material bond based on $3/thousand?

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Advanced Accounting

ISBN: 978-0538480284

11th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

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Posted Date: Mar 26, 2024 11:14 PM

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A project being tendered at $100,000 has material costs of $60,000 and labour costs of $20,000. What

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Calculating the bond premium for a 50 labor and material bond involves findin... View the full answer

Advanced Accounting

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