6. A contract for your project is Firm Fixed Price. The negotiated price is $50,000. If...
6. A contract for your project is Firm Fixed Price. The negotiated price is $50,000. If the actual cost is $40,000, what is the total payment owed to the supplier?
Homework Answers
Given that:
Actual cost = $40,000
Negotiated price = $50,000
Explanation:
Payment owed to supplier
= Actual costs + negotiated fee
=$40,000 + $50,000
=$90,000.
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