ABC Construction has received the following mail on December 31, 2022: A state government check for $ 13,282,916.00 Invoice for utilities for one of its projects for $ 8,800 weekly Invoice for leased construction equipment $ 12,482 monthly A confirmation letter that labor will be paid on a monthly basis, on the first of each month, for $ 282,000 Safety Consultant Invoice $ 4,600 monthly Job site security Invoice $ 6,200 monthly A check for $ 36,000 for recycled materials Traffic Control Invoice $ 1,600 weekly Calculate the company's forecasted Liabilities for 2023. Assume 12 months or 52 weeks. 916,387 762,949 598,657 820,184 1,206,318
ABC Construction has received the following mail on December 31, 2022: A state government check for $ 13,282,916.00 Invoice for utilities for one of its projects for $ 8,800 weekly Invoice for leased construction equipment $ 12,482 monthly A confirmation letter that labor will be paid on a monthly basis, on the first of each month, for $ 282,000 Safety Consultant Invoice $ 4,600 monthly Job site security Invoice $ 6,200 monthly A check for $ 36,000 for recycled materials Traffic Control Invoice $ 1,600 weekly Calculate the company's forecasted Liabilities for 2023. Assume 12 months or 52 weeks. 916,387 762,949 598,657 820,184 1,206,318
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
ABC Construction has received the following mail on December 31, 2022:
A state government check for $ 13,282,916.00
Invoice for utilities for one of its projects for $ 8,800 weekly
Invoice for leased construction equipment $ 12,482 monthly
A confirmation letter that labor will be paid on a monthly basis, on the first of each month, for $ 282,000
Safety Consultant Invoice $ 4,600 monthly
Job site security Invoice $ 6,200 monthly
A check for $ 36,000 for recycled materials
Traffic Control Invoice $ 1,600 weekly
Calculate the company's
916,387
762,949
598,657
820,184
1,206,318
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