Why should the profit and overhead markup on the project be included when calculating the cash needs

Question:

Why should the profit and overhead markup on the project be included when calculating the cash needs for a construction project?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Construction Accounting And Financial Management

ISBN: 9780135232873

4th Edition

Authors: Steven J. Peterson

See More Books

Question Posted: Jul 28, 2023 09:00 AM

See More Questions

1. The construction industry was enjoying good time three years ago. During those year, your company bought few excavators to stay competitive in the market. Unfortunately business environment...
Determine the monthly cash flows and total cash generated at the end of each month and just before the payment is received for the construction of a house with the following budget and schedule. On...
Determine the monthly cash flows and total cash generated at the end of each month and just before the payment is received for the construction of a house with the budget and schedule shown in Table...
What is the relationship between group norms and group cohesiveness? What roles do both cohesiveness and norms plan in shaping group performance?
Reorganize the items in each of the following lists, using appropriate headings. Use bulleted or numbered lists as appropriate. a. Rules and Procedures for a Tuition Reimbursement Plan 1. You are...
For each polynomial function, (a) list all possible rational zeros, (b) find all rational zeros, and (c) factor (x) into linear factors. (x) = x 3 + 5x 2 + 2x - 8
In 2004, Jui-Chen Lin, a citizen of China, entered into an agreement with Robert Chiu and Charles Cobb, citizens of the United States, to form an LLC to acquire and operate a fast-food restaurant in...
Comprehensive Receivables Problem Braddock Inc. had the following long-term receivable account balances at December 31, 2009. Note receivable from sale of division $1,500,000 Note receivable from...
What are some ways to determine which database management system will work best for a given project? What are some best practices or industry-accepted criteria for matching a given database...
When does the greatest need for cash occur on a construction project?
How does subcontracting out labor that would normally be performed in-house affect the cash flow for a construction project?
Determine the reactions at pins A and B of the frame needed to support the 200-lb load. The pulley at C has a radius of 0.5 ft. The pulley at D has a radius of 0.25 ft. 4 ft 60% 30 30 3 ft B
In 2005, Doctora's Regional Hospital's Chief Executive Office (CEO) conducted performance reviews of the hospital's departments. The chief of oncology proposed increasing the number of patients (for...
The company is experiencing cash flow problems and is considering a change in credit terms which should increase sales and ultimately improve cash flows. In order to implement it successfully, they...
The glass in a window is 35 inches wide and 20 inches tall, and standard atmospheric pressure is 14.7 pounds per square inch. What net force would result in the glass if the air pressure outside the...
Providers are responsible for submitting accurate claims. Claims need to follow state and federal laws. Providers must follow guidelines to be reimbursed for the services that they provide. Providers...
Wall-e is stranded on a patch of frictionless surface (thanks to Mo the cleaning robot). Eva flies in with velocity vo, hits Wall-e and the two got entangled together. If the mass of Wall-e is Mw and...
Identify the annuity settlement options that are typically found in a fixed annuity.
What are some of the features of the Unified Process (UP)?
Determine the current liabilities to net worth ratio for the construction company in Figure 6-1 and 6-2. What insight does this give you into the companys financial operations? Figures 6-1 WEST...
Determine the debt to equity ratio for the construction company in Figures 6-1 and 6-2. Figures 6-1 WEST MOUNTAIN CONSTRUCTION BALANCE SHEET Figures 6-2 WEST MOUNTAIN CONSTRUCTION INCOME STATEMENT...
Determine the fixed assets to net worth ratio for the construction companyin Figures 6-1 and 6-2. What insight does this give you into the companys financial operations? Figures 6-1 WEST MOUNTAIN...
A four-year project promises to pay 0.56% interest per month. An investor is trying to decide between investing in this project or investing in a semi-annually compounded four-year GIC. Above what...
(A) State the Fundamental Theorem of Arithmetic. (B) Let p 2 be a prime. Prove that if p|n, then p|n. (C) Prove that p is irrational, where p > 2 is prime. (D) Prove that log2(k) is irrational if k >...
Respecting the diversity of culture is essential to the cultural safety of the workplace. List two (2) culturally appropriate practices that you could provide within your workplace.

Why should the profit and overhead markup on the project be included when calculating the cash needs

Question:

Step by Step Answer:

The profit and overhead markup is 1 Needed to cover the pr...View the full answer

Construction Accounting And Financial Management

Students also viewed these Business questions