Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assuming $5,000 indirect cost per month, and 12% m

Assuming $5,000 indirect cost per month, and 12% markup. If the owner retains 7.5% of...

50.1K

Verified Solution

Question

Accounting

Assuming $5,000 indirect cost per month, and 12% markup. If the owner retains 7.5% of validated progress payments until the project is completed, and payments will be billed at the end of the month and will be received one month later. Leo construction also needs to pay the bank 1% per month for the amount of the overdraft at the end of the month. How much Leo Construction is expected to receive from owner at month 3?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

excel problem Find the roots of the functions given using the bisection method. Use the graph of...

Advance Math
Q

Early in the course we spent time talking about carbohydrates, proteins, nucleic acids and lipids. All...

Biology
Q

1. A loam-textured soil has from 50 to 100 square meters of surface area per gram...

Chemistry
Q

Describe in detail, the AISC Code in your own words.

Civil Engineering
Q

Only need symbolic solution. Already have anual average winds speeds for location 1 and waiting for...

Mechanical Engineering
Q

An ideal cold air-standard Otto cycle has a compression ratio of 9.2. At the end of...

Mechanical Engineering
Q

Convert the polar coordinate (5, ?/4) to cartesian coordinatesX=y =

Basic Math
Q

8 Determine the factors of 2x 11x 14 a 2x 7 x 2 b 2x...

Basic Math
Q

If R=(?2+1)^2n+1 where [R] and f = R-[R] denotes the greatest integer function and fractional...

Basic Math
Q

Given f x 7e3x 2x2 If p x is the second Taylor polynomial of fat...

Algebra
Q

Scenario 1: Module 1 The Backstory: LusterLast LusterLast is a manufacturer and distributor of hair...

Finance
Q

10.15 The Moontiz Group recently reported sales of $20 million on NOA of $11 million....

Finance