Question: CASH FLOW CHART PLEASE In 2022 , Leo construction will work on a residential project that lasts 4 months. The direct costs of the residential

 CASH FLOW CHART PLEASE In 2022 , Leo construction will work
on a residential project that lasts 4 months. The direct costs of
CASH FLOW CHART PLEASE
the residential project are shown in the following bar chart. \begin{tabular}{|l|l|l|l|l|l|l|} \hline

In 2022 , Leo construction will work on a residential project that lasts 4 months. The direct costs of the residential project are shown in the following bar chart. \begin{tabular}{|l|l|l|l|l|l|l|} \hline End of Month & 0 & 1 & 2 & 3 & 4 & 5 \\ \hline MonthlyCost(Direct&IndirectCost) & & & & & & \\ \hline Monthly Billing & & & & & & \\ \hline Monthly Income & & & & & & \\ \hline Retainage & & & & & & \\ \hline Overdraft(beforeinterest) & & & & & & \\ \hline Interest(1%) & & & & & & \\ \hline Overdraft(deductinterest) & & & & & & \\ \hline Overdraft(addincome) & & & & & & \\ \hline \end{tabular} Assuming $5,000 indirect cost per month, and 11.6% markup. If the retainage is 5% throughout the project, finance charge is 1% per month, and payments will be billed at the end of the month and will be received one month later. How much is the last payment the contractor is expected to receive

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!