You Answered Correct Answer Unfortunately, your project just incurred a direct cost of $25,777 for an on-site accident. The Chief Safety officer notified you that the hidden cost rate is 4.7. Based on your bid, you will earn $102,709 in margin for this $1,112,698 project. How much additional revenue would you need to generate on this project in order to make up for this cost and still make the same percentage of margin? 475,843 1,312,499 margin of error +/- 5%
You Answered Correct Answer Unfortunately, your project just incurred a direct cost of $25,777 for an on-site accident. The Chief Safety officer notified you that the hidden cost rate is 4.7. Based on your bid, you will earn $102,709 in margin for this $1,112,698 project. How much additional revenue would you need to generate on this project in order to make up for this cost and still make the same percentage of margin? 475,843 1,312,499 margin of error +/- 5%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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B 2.
Transcribed Image Text:You Answered
Correct Answer
Unfortunately, your project just incurred a direct cost of $25,777 for an on-site accident.
The Chief Safety officer notified you that the hidden cost rate is 4.7.
Based on your bid, you will earn $102,709 in margin for this $1,112,698 project.
How much additional revenue would you need to generate on this project in order to
make up for this cost and still make the same percentage of margin?
475,843
1,312,499 margin of error +/- 5%
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