Question: You have signed a Cost Plus Percentage Cost ( CPPC ) contract with a supplier to perform some work for you. The contract parameters include:

You have signed a Cost Plus Percentage Cost (CPPC) contract with a supplier to perform some work for you. The contract parameters include:
Estimated cost = $100,000
Fee percentage =10%
The supplier is able to complete the work for a cost of $80,000. What is the final price paid to the supplier?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

A. You have signed a cost plus fixed fee (CPFF) contract with a supplier to perform some work for you. The contract parameters include: Estimated Cost: $100,000 Fixed Fee: $10,000 If the seller is...

Q:

1.Explain what a draft contract is. Who should review the draft contract before is executed by all the parties? 2. List the basic parts of a contract. 3. Explain what an executed contract is. Who...

Q:

1 . Explain what a draft contract is . Who should review the draft contract before is executed by all the parties? 2 . List the basic parts of a contract. 3 . Explain what an executed contract is ....

Q:

5. A Cost Plus Incentive Fee (CPIF) Contract has the following parameters: Target Cost = $300,000 Target Fee = $30,000 Share Ratio 75/25% Maximum Fee = $45,000 Minimum Fee = $15,000 The seller...

Q:

The risk of any event is a product of the Select one: O a. probability of the event happening and the possible magnitude of the impact. O b. probability of the event happening and the probability of...

Q:

You are heavily involved in the sale of construction services to a large manufacturing firm. During the negotiation, your organizations contracts manager takes over the negotiation and pushes for the...

Q:

46. You are trying to make sure all records from the procurement are documented and indexed. Which of the following do you not have to worry about? A. Proposal B. Procurement statement of work C....

Q:

___1. Which of the following is an example of a direct cost on an IT project a. Salary of the project manager and subcontractor expenses b. Property taxes paid by the company c. Salary cost of...

Q:

Your program manager has advised that you must protect the organisation from financial risk. In planning a new project, you realise there is a limited scope definition related to the work needed to...

Q:

please answer",_,",",','',', all .,.,.the question.,.,.,.within 30 minutes. make sure the explanation and reasons are explained in very detailed manner as in why the option is correct and why other...

Q:

During the first month of operations, Landish Modeling Agency recorded transactions in T account form. Foot and balance the accounts; then prepare a trial balance, an income statement, a statement of...

Q:

Trendy Fashion Accessories Manufacturing Limited (Trendy) had been an audit client of Go Kwong & Tei CPA Limited (GKT) for years. Kwong, the audit manager of GKT, was assigned to lead the audit of...

Q:

A defined contribution pension plan is funded by the employees, and in some cases ( matching contributions, profit sharing ) by the employer. Question 1 5 options: TrueFalse

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...