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This a hard problem with additional information that i will add ( another picture) First picture is the added information The accumulated retainage will be
This a hard problem with additional information that i will add ( another picture) First picture is the added information
The accumulated retainage will be paid to the contractor with the last payment (i.e., end of Develop the cash flow table and provide the rate of return for the project. What is the peak financial requirement and when does it occur? Prepare an expense and income profile integrated with an overdraft profile. Total cost = $60,000 + $470,000 + $230,000 + $230,000 + $165,000 + $65,000 + $1, 220,000 Profits + overhead 10% = $122,000 Bid price = $1,342,000 A contractor is preparing to bid for a project. He has made his cost estimate together with the schedule of work. His expected expenses and their time occurrence are as shown in the following table. For simplicity of analysis he assumed that all expenses are recognized at the end of the month in which they occur. The contractor is planning to add 10% to his estimated expenses to cover profits and office expenses. The total will be his bid price. He is also planning to submit for this progress payment at the end of each month. Upon approval, the owner will subtract 5% for retainage and pay the contractor one month later. The accumulated retainage will be paid to the contractor with the last payment (i.e., end of month 13). Develop the cash flow table and provide the rate of return for the project. What is the peak financial requirement and when does it occur? Prepare an expense and income profile integrated with an overdraft profile. The accumulated retainage will be paid to the contractor with the last payment (i.e., end of Develop the cash flow table and provide the rate of return for the project. What is the peak financial requirement and when does it occur? Prepare an expense and income profile integrated with an overdraft profile. Total cost = $60,000 + $470,000 + $230,000 + $230,000 + $165,000 + $65,000 + $1, 220,000 Profits + overhead 10% = $122,000 Bid price = $1,342,000 A contractor is preparing to bid for a project. He has made his cost estimate together with the schedule of work. His expected expenses and their time occurrence are as shown in the following table. For simplicity of analysis he assumed that all expenses are recognized at the end of the month in which they occur. The contractor is planning to add 10% to his estimated expenses to cover profits and office expenses. The total will be his bid price. He is also planning to submit for this progress payment at the end of each month. Upon approval, the owner will subtract 5% for retainage and pay the contractor one month later. The accumulated retainage will be paid to the contractor with the last payment (i.e., end of month 13). Develop the cash flow table and provide the rate of return for the project. What is the peak financial requirement and when does it occur? Prepare an expense and income profile integrated with an overdraft profileStep by Step Solution
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