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The table below shows a cost plus incentive contract. If the client meets the target of R50 million, they...

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The table below shows a cost plus incentive contract. If the client meets the target of R50 million, they will get an incentive of R6 million. The cost ceiling is R70 million and the client provides a further 20% incentive if the project costs are withing the ceiling. Cost (R million) Customer million) 6 million (B) 5 million (F) Target (contract) 50 million Actual 40 million Actual Actual (D) 75 million pays (R Contractor receives (R million) (A) (C) Calculate the values of (A) to (G). Show all calculations. (12)

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To calculate the values of A to G in the cost plus incentive contract we can use the provided inform View the full answer


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Advanced Accounting

Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: September 08, 2023 23:02:53
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