Retention held by the owner = x% of bill to owner Retention held from the sub-y% of sub amount 7% 12% 93.00% 88.00% Sub, material, equipment, and other costs are pay when paid; Labor is paid weekly; PO is paid monthly before the payment is received from the owner (i.e. when the costs are incurred). Gross Profit Margin 23% 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 at the end of the next (following) month. All previously held Retention (month 1 & 2) will be released during month 3 and then during month 5 (month 3, 4, 5)
Retention held by the owner = x% of bill to owner Retention held from the sub-y% of sub amount 7% 12% 93.00% 88.00% Sub, material, equipment, and other costs are pay when paid; Labor is paid weekly; PO is paid monthly before the payment is received from the owner (i.e. when the costs are incurred). Gross Profit Margin 23% 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 at the end of the next (following) month. All previously held Retention (month 1 & 2) will be released during month 3 and then during month 5 (month 3, 4, 5)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 4CDQ: How would each of the following costs be classified if units produced is the activity base? a....
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Need help with the project cash flow!
Money received from owner/Gc module
Payments made to suppliers, labor, and sub
And the bottom part
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