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please use construction accounting and financial mangement 3rd edition for reference for questions 1-15

1. Managing Cash Flows - Cash Flows for Construction Projects Lecture on the importance of cash provided summaries of how project budget, planning and project management are integral with one another. Cash flow projections for construction projects and the company are different from the project budget and its expenses. Provide a description of why: additionally use a summary of the budgeting process with the AIA 702 and 703 forms to differentiate the budget from the cash flow projection per the lecture. 2. We discussed major accounting equations in lectures 2 to 4. in class 6 we began the cash management understanding, State the relationships between a project's profitability, the analysis of the monthly cash flows, and how they affect the company; remember to support your answers with facts from the book, lectures or outside research? (Extra credit if you nail this one.) 3. By understanding all budget & scopes within a project, a general contractor can assign each activity a means and methods internally, utilizing terms like, internally perform, purchase and subcontracting, labor only. Per the text and lecture, what is the most effective cost control tool used to prepare for projected cash needs? 1. Schedule 2. Budget 3. CPI 4. SPI 5. Statement of Cash Flows 6. Cost-Loaded schedule. Cite a reason for your selection. Page 2 Finance the Construction 4. Lecture identified cash management conditions where use of cash is needed prior to initial navment received from the client. Identify the form used typically with delivering invoices to cliente provide examples of three groups that would be paid prior to receiving payment and why they received advanced payment status? 5. Define at least 8 elements of the general overhead and define why a firm is more or less likely to be successful due to the named elements. Provide support or examples of each statement made. 6. Chapter 12 has a Sidebar 12-1 Cash flow example. Anticipating you are using the exact same process, if the bill to the owners in weeks one-ten were 1M and the Material, Labor and Subcontractor columns were 200 per month each, what would the total cash be at the end of month 107 (Anticipate paid in thirty days with 5% retainage.) (Show your work-use excel and provide a paste document with this) 7. Bidding is a critical skill for successful general contractors. Lecture and the text emphasized the importance of profit. Answer the following. If a firm has revenues of $4,500,000 and construction costs of $2,780,000 with overhead costs of $ 488,000, what would the Gross profits be? Additionally, provide proportionally for an estimate of the percent General overhead and profit and present a least one paragraph with the estimate and detail outlining your reasoning? 8. Provide your write up of Chapter twelve. Problem #8 or 9-show all your work. 9. What are the advantages from a cash flow perspective with a single payment project versus a larger cost of completion multi-payment project? Cite a source in your answer! 10. Define the terms Corporate tax and Personal income tax. Present how they are similar and different in terms of owning your own Sole proprietorship, Single purpose LLC or a C corp. 11. How does the tax system become part of the business planning process for construction companies? Identify several year-end examples of decisions that an owner reviews with their CFO or accountant before preparing for their Balance sheet and Income statement delivery. 12. Define and Describe the following terms and their importance to a contracting firm? Line of Credit: Short Term Loan, Equity, Stock. 13. In lecture we spent half a class on the AIA process and using the documents called the A 702 and A703 as both a billing and management tool. Define how the A702 and 703 works monthly for a construction project, in terms of forecasting, project management, and collection of money. (Who puts it together, how is it used, how is the information tracked, etc.) 14. Incorporating General Overhead into the plan for Company cash flow is done annually. Present your understanding from lecture, on how the General Overhead is calculated and what happens to it. 15. In the text an Annual Cash Flow from Operations is presented, Figure 14-4. Detail your understanding of the cash cycle of the company and make two suggestions with support to make their operations work more favorably. 1. Managing Cash Flows - Cash Flows for Construction Projects Lecture on the importance of cash provided summaries of how project budget, planning and project management are integral with one another. Cash flow projections for construction projects and the company are different from the project budget and its expenses. Provide a description of why: additionally use a summary of the budgeting process with the AIA 702 and 703 forms to differentiate the budget from the cash flow projection per the lecture. 2. We discussed major accounting equations in lectures 2 to 4. in class 6 we began the cash management understanding, State the relationships between a project's profitability, the analysis of the monthly cash flows, and how they affect the company; remember to support your answers with facts from the book, lectures or outside research? (Extra credit if you nail this one.) 3. By understanding all budget & scopes within a project, a general contractor can assign each activity a means and methods internally, utilizing terms like, internally perform, purchase and subcontracting, labor only. Per the text and lecture, what is the most effective cost control tool used to prepare for projected cash needs? 1. Schedule 2. Budget 3. CPI 4. SPI 5. Statement of Cash Flows 6. Cost-Loaded schedule. Cite a reason for your selection. Page 2 Finance the Construction 4. Lecture identified cash management conditions where use of cash is needed prior to initial navment received from the client. Identify the form used typically with delivering invoices to cliente provide examples of three groups that would be paid prior to receiving payment and why they received advanced payment status? 5. Define at least 8 elements of the general overhead and define why a firm is more or less likely to be successful due to the named elements. Provide support or examples of each statement made. 6. Chapter 12 has a Sidebar 12-1 Cash flow example. Anticipating you are using the exact same process, if the bill to the owners in weeks one-ten were 1M and the Material, Labor and Subcontractor columns were 200 per month each, what would the total cash be at the end of month 107 (Anticipate paid in thirty days with 5% retainage.) (Show your work-use excel and provide a paste document with this) 7. Bidding is a critical skill for successful general contractors. Lecture and the text emphasized the importance of profit. Answer the following. If a firm has revenues of $4,500,000 and construction costs of $2,780,000 with overhead costs of $ 488,000, what would the Gross profits be? Additionally, provide proportionally for an estimate of the percent General overhead and profit and present a least one paragraph with the estimate and detail outlining your reasoning? 8. Provide your write up of Chapter twelve. Problem #8 or 9-show all your work. 9. What are the advantages from a cash flow perspective with a single payment project versus a larger cost of completion multi-payment project? Cite a source in your answer! 10. Define the terms Corporate tax and Personal income tax. Present how they are similar and different in terms of owning your own Sole proprietorship, Single purpose LLC or a C corp. 11. How does the tax system become part of the business planning process for construction companies? Identify several year-end examples of decisions that an owner reviews with their CFO or accountant before preparing for their Balance sheet and Income statement delivery. 12. Define and Describe the following terms and their importance to a contracting firm? Line of Credit: Short Term Loan, Equity, Stock. 13. In lecture we spent half a class on the AIA process and using the documents called the A 702 and A703 as both a billing and management tool. Define how the A702 and 703 works monthly for a construction project, in terms of forecasting, project management, and collection of money. (Who puts it together, how is it used, how is the information tracked, etc.) 14. Incorporating General Overhead into the plan for Company cash flow is done annually. Present your understanding from lecture, on how the General Overhead is calculated and what happens to it. 15. In the text an Annual Cash Flow from Operations is presented, Figure 14-4. Detail your understanding of the cash cycle of the company and make two suggestions with support to make their operations work more favorably

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