Question: Option #2: Problem Set For this Critical Thinking Assignment option, complete the following Review Question from Chapter 6 of the Financial Management and Accounting Fundamentals
Option \#2: Problem Set For this Critical Thinking Assignment option, complete the following Review Question from Chapter 6 of the Financial Management and Accounting Fundamentals for Construction textbook, listed on p. 126. Review Question 1 Given the following cost expenditures for a small warehouse project (to include direct and indirect changes): 1. Calculate the peak financial requirement. 2. Sketch a diagram of the overdraft profile. 3. What would be the impact on the maximum overdraft of giving the contractor a $25,000 mobilization payment? (Show calculation.) Assumptions: - The markup for this project is 12%. - Retainage is 10 percent throughout project. - Finance charge is 1.5 percent per month. - Payments are billed at the end of the month and are received one month later. Show your work and upload your completed assignment as a Word document to the assignment dropbox
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