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Metharom has been hired to build a single storey home in Northcote, Victoria for Mr. Kavi Albif. Metharom has...

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Metharom has been hired to build a single storey home in Northcote, Victoria for Mr. Kavi Albif. Metharom has 
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Metharom has been hired to build a single storey home in Northcote, Victoria for Mr. Kavi Albif. Metharom has informed the client that the building works will take 35 weeks (approximately 8 months) and will begin on 03/03/16. Mr Albif has made his initial deposit of 10% of the sale price. (Refer to appendix A for additional information regarding the project) To manage the finances for this build, you will need to forecast cash flow and prepare a plan for money management that includes the following information: a) A financial plan for the build that shows when payments will be received from the client and the work that those payments will need to cover. b) A contingency plan, in case of unforeseen circumstances c) A process for monitoring spending on site, including the frequency of monitoring

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Here s a financial plan for the construction project a Financial Plan 1 Initial Deposit 10 of sale price Received on 03 03 16 This deposit will cover View the full answer


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Related Book For  answer-question
Intermediate Accounting

Intermediate Accounting

ISBN: 9787300071374

3rd Edition Vol. 1

Authors: Kin Lo, George Fisher

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Question Details
Chapter # 11
Section: Mini Cases
Problem: 3
Posted Date: September 30, 2023 05:17:33
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