You are negotiating a contract with the WeScamU Company and you are concerned that they will overcharge you for their costs, so you have included a PTA (point of total Assumption) clause in the contract. From the information provided below, what is the PTA? Target cost = $482,000.00 Target Price = $531,500.00 Ceiling prices = $661,500.00 Buyer/Seller ratio is 80/20 for overruns. Note: enter dollar amount only and two decimal places. For example, 450000.50

You are negotiating a contract with the WeScamU Company and you are concerned that they will overcharge you for their costs, so you have included a PTA (point of total Assumption) clause in the contract. From the information provided below, what is the PTA? Target cost = $482,000.00 Target Price = $531,500.00 Ceiling prices = $661,500.00 Buyer/Seller ratio is 80/20 for overruns. Note: enter dollar amount only and two decimal places. For example, 450000.50

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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Concept explainers

Lease option

A lease option is a time and cost-saving option used by information technology (IT) companies that cannot afford large investments. By choosing to lease Software, a firm does not get its ownership directly. Instead, the firm has to pay a fixed cost for a certain period to use the Software, and after the lease period, the company can purchase the Software.

Question

You are negotiating a contract with the
WeScamU Company and you are concerned
that they will overcharge you for their costs, so
you have included a PTA (point of total
Assumption) clause in the contract. From the
information provided below, what is the PTA?
Target cost = $482,000.00
Target Price = $531,500.00
Ceiling prices = $661,500.00
Buyer/Seller ratio is 80/20 for overruns.
Note: enter dollar amount only and two decimal
places. For example, 450000.50

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