Question: Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid on a contract to produce the slides

Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid on a contract to produce the slides for an 8-session class. From previous experience, you know that your firm follows an 85 percent learning rate. For this contract it appears the effort will be substantial, running 50 hours for the first session. Your firm bills at the rate of $ 100/hour and the overhead is expected to run a fixed $ 600 per session. The customer will pay you a flat fixed rate per session. If your nominal profit margin is 20 percent, what will be the total bid price, the per session price, and at what session will you break even?

Step by Step Solution

★★★★★

3.28 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

As can be seen from the following Table the number of hours needed to prepare the slides gi... View full answer

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

132-B-M-L-P-M (1007).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!

A firm wishes to bid on a contract that is expected to yield the following after-tax net cash flows at the end of each year: Year Net Cash Flow 1 ....... $ 5,000 2 ....... 8,000 3 ....... 9,000 4...

Your company has been approached to bid on a contract to sell 15,000 voice recognition (VR) computer keyboards a year for four years. Due to technological improvements, beyond that time they will be...

Your company has been approached to bid on a contract to sell 24,000 voice recognition (VR) computer keyboards a year for four years. Due to technological improvements, beyond that time they will be...

Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid on a contract to produce the slides for an 8-session class. From previous experience,...

1. Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid on a contract to produce the slides for an 8-session class. From previous experience,...

Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid a contract to produce the slides for an 8-session class. From previous experience, you...

Question 4: Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid on a contract to produce the slides for an 8-session class. From previous...

The capacitor in Fig is initially uncharged. The switch is closed at t = 0. (a) Immediately after the switch is closed. What is the current through each resistor? (b) What is the 1inaI charge on the...

A company that produces universal remote controls wanted to determine the number of remote control devices American homes contain. The company hired a statistician to survey 240 randomly selected...

if a late fee is part of a subscription or a service renewal, and the subscription or service renewal itself is taxable, then the late fee should be taxed using the same tax code as the subscription...

22.13 Ancient Egypt. Settlements in Egypt before the time of the pharaohs are dated by measuring the presence of forms of carbon that decay over time. The first datings of settlements in the Nagada...

How does the type of project organization affect each of the types of conflicts that occur over the project life cycle? LO5

Reallocate the placement of the seven types of conflicts into the nine cells of Table 4.1 according to your own logic. LO5

What will be the likely result of a winwin style manager negotiating with a winlose style manager? What if they are both winlose styled? LO5

In this problem you will be calculating compound interest on 4 different deposit amounts. For each deposit amount, you will calculate the value of the deposit using 2 different interest rates...

You are a consultant to a firm evaluating an expansion of its current business. The cash-flow forecasts (in millions of dollars) for the project are as follows: Years Cash Flow 0 100 110 + 18 On the...

On August 1 , 2 0 2 2 , Colombo Company's treasurer signed a note promising to pay $ 1 2 3 , 0 0 0 on December 3 1 , 2 0 2 2 . The proceeds of the note were $ 1 1 4 , 9 0 0 . c . 1 . Use the...