3. Project Control: The budget S-curve for a small project is shown: (a) Calculate and draw the S-curve of expenses against the expected owner payments; (b) Estimate the amount of interest chargeable on borrowed money and the overdraft limit needed. Markup is 10%; Owner retention is 5% (payable with last payment); Owner payment delay is 1 month; Interest rate is 12% per annum. $54,000 $40,000 $29,000 $86,000 $127,000 $112,000
3. Project Control: The budget S-curve for a small project is shown: (a) Calculate and draw the S-curve of expenses against the expected owner payments; (b) Estimate the amount of interest chargeable on borrowed money and the overdraft limit needed. Markup is 10%; Owner retention is 5% (payable with last payment); Owner payment delay is 1 month; Interest rate is 12% per annum. $54,000 $40,000 $29,000 $86,000 $127,000 $112,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Project Control: The budget S-curve for a small project is shown: (a) Calculate and draw the S-curve of expenses against the expected owner payments; (b) Estimate the amount of interest chargeable on borrowed money and the overdraft limit needed. Markup is 10%; Owner retention is 5% (payable with last payment); Owner payment delay is 1 month; Interest rate is 12% per annum.
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