Question: [ [ Retention held by the owner = x % of bill to owner, 8 % , 9 2 . 0 0 % , Gross

[[Retention held by the owner =x% of bill to owner,8%,92.00%,Gross Pro,fit Margin,20%,],[Retention held from the sub =y% of sub amount,11%,89.00%,,,,],[Sub, material, equipment, and other costs are pay when paid; Labor is paid,weekly,,,,,],[[[You will send the invoice to owner at the end of the month; you will receiv],[All previously held Retention will be released two months after the pro]],[[ve payment one mol],[oject is over both f\table[[Retention held by the owner =x% of bill to owner,5%,95.00%,,,,,,],[Retention held from the sub =y% of sub amount,12%,88.00%,,,,,,],[Sub costs are paid when paid.; Labor is paid weekly; 45%PO,15% of the equipment, and 35% of the Material cost is paid monthly before the payment is received from the owner. All other costs are pay when paid.],[Gross Profit Margin,28%,,,,,,,],[{
\table[[All previously held Retention: month 1,2,3 will be released during month 3 ; months 4&5 will be released during month 7],[GC will send the invoice (bill or pay apps) to the owner at the end of the month; GC will receive payment from the owner before the end of the next (following) month.]]}],[],[Month,1,,,,,,(9,Totals],[Direct Costs],[Materials,$5,000,$6,000,$3,500,$2,000,,,,$16,500
 [[Retention held by the owner =x% of bill to owner,8%,92.00%,Gross Pro,fit

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 Accounting Questions!