7 months below, starting from the signing of the contract, bringing the total price of the contract to $100,000, assuming that the contractor has guaranteed a profit of 15%. The contractor was one month late in completing the contract, so he had to pay ($100) for each day of delay (assuming the month is 30 days) (the maintenance period begins after completing the work) It is required to complete the cash flow and net cash flov calculations and find the largest amount that is required to be provided by the contractor and the date the amount is needed Note that the contractor is entitled to an advance every month, and the procedures for paying the advance take two months. The table below shows the value of the work done for each month. End of month Monthly Value of work *1000$ 1 13

7 months below, starting from the signing of the contract, bringing the total price of the contract to $100,000, assuming that the contractor has guaranteed a profit of 15%. The contractor was one month late in completing the contract, so he had to pay ($100) for each day of delay (assuming the month is 30 days) (the maintenance period begins after completing the work) It is required to complete the cash flow and net cash flov calculations and find the largest amount that is required to be provided by the contractor and the date the amount is needed Note that the contractor is entitled to an advance every month, and the procedures for paying the advance take two months. The table below shows the value of the work done for each month. End of month Monthly Value of work *1000$ 1 13

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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