At the time of delivery the index was 132.0. compute, Ask an Expert

Accounting

Calculation of Final Contract Price.

A $500,000 fixed price economic price adjustment contract contains a provision requiring an adjustment for 20 percent of the contract price based on changes in the index identified in the contract. The index at the time of contract award was 120.0. At the time of delivery the index was 132.0. What is the final contract price?

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Financial Accounting, Accounting

Category:- Financial Accounting
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