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You just returned from lunch and have three urgent messages from Jerr Affe, President of Frosted Animal Cookie Factory. You immediately return his phone call
You just returned from lunch and have three urgent messages from Jerr Affe, President of Frosted Animal Cookie Factory. You immediately return his phone call and Jen- informs you he is in need of a financing submittal only you can provide. To improve Jerr's overall financing package, he has requested an acceleration of his current project schedule, moving occupancy up about 5 weeks. As a part of his overall financing package, Dewey's Bonding Bonanza has required Jerr to provide a construction cash flow draw schedule summary to be submitted with his other financing documentation. The cash flow draw schedule needs to be faxed or emailed to arrive in Dewey's Bonding Bonanza headquarters by 2:30 PM this afternoon. Your brain nearly explodes from a head vice stress headache. Cold sweat bullets fall from your brow and blur the inked phone message. You realize failure to complete this schedule will undoubtedly hurl this project into an Animal Cookie rendering plant. You have 53 minutes. You remember an abbreviated, thumbnail cash flow allocation approach from your construction accounting course. Springing into action, pertinent milestone dates are compiled and cost information assigned to each activity date range. The cash flow draw schedule is attached to an email and sent to Dewey's with a time stamp of 2:13 PM. A sigh of relief and an appreciative remembrance of that 'all around great guy' instructor you had for construction accounting sweeps over you. Cost allocation submitted is shown in table below. [Use this labia for questions 21, 22, 23, and 24.)
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