5. Given the following cost expenditures (see Table P6.3) for a small bridge job to...
60.1K
Verified Solution
Question
Accounting
5. Given the following cost expenditures (see Table P6.3) for a small bridge job to include direct and indirect charges (but not bank interest): A. Calculate the peak financial requirement. B. Sketch a diagram of the overdraft profile. Assumptions: The markup for this project is 8%. Finance charge is 1% per month. Retainage is 6% throughout project. Payments are billed at the end of the month, and are received one month later. Table P6.3 Monthly Costs for Bridge Job Month Monthly cost 1 29.000 2 48.900 3 16,400 Direct cost + indirect cost Table P6.3 Project Bar Chart Month Activity 1 2 3 4 5 1. Survey $2,000 2. Mobilization $1,200 3. Trench $3,000 $6,000 4. Lay pipe $3,000 5. Concrete S500 $500 6. Backfill $500 7. Move out S500 8. Prepare valves $1,000 9. Install valves $1.000 10. Test $1.500 95 5. Given the following cost expenditures (see Table P6.3) for a small bridge job to include direct and indirect charges (but not bank interest): A. Calculate the peak financial requirement. B. Sketch a diagram of the overdraft profile. Assumptions: The markup for this project is 8%. Finance charge is 1% per month. Retainage is 6% throughout project. Payments are billed at the end of the month, and are received one month later. Table P6.3 Monthly Costs for Bridge Job Month Monthly cost 1 29.000 2 48.900 3 16,400 Direct cost + indirect cost Table P6.3 Project Bar Chart Month Activity 1 2 3 4 5 1. Survey $2,000 2. Mobilization $1,200 3. Trench $3,000 $6,000 4. Lay pipe $3,000 5. Concrete S500 $500 6. Backfill $500 7. Move out S500 8. Prepare valves $1,000 9. Install valves $1.000 10. Test $1.500 95
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.