What is the below values of the followings in the below table: 1- Overdraft end
ID: 2559407 • Letter: W
Question
What is the below values of the followings in the below table:
1- Overdraft end of the month
2- Interest on the overdraft balance (financially)
3- Interest on the overdraft balance
Overdraft calculation 1 2 3 4 5 Indirect $ 5,000 Direct cost (monthly) $ 25,000 $ 65,000 $ 75,000 $ 15,000 Markup 5% Indirect cost (monthly) $ 5,000 $ 5,000 $ 5,000 $ 5,000 Retainage 10% Subtotal $ 30,000 $ 70,000 $ 80,000 $ 20,000 Actual payment (Retainage less) 90% Markup (monthly) $ 1,500 $ 3,500 $ 4,000 $ 1,000 Interest rate 1% Total Billed $ 31,500 $ 73,500 $ 84,000 $ 21,000 Retainage withheld (monthly) $ 3,150 $ 7,350 $ - $ - Payment $ 28,350 $ 66,150 $ 84,000 $ 21,000 Progress Payment Received (monthly) $ - $ 28,350.0 $ 66,150 $ 84,000 $ 31,500 Progress payment Received (cummulative) $ - $ 28,350.0 $ 94,500 $ 178,500 $ 210,000 Total base cost to date (cummulative) $ 30,000 $ 100,000 $ 180,000 $ 200,000 $ 200,000 Total amount billed to date (cummulative) $ 31,500 $ 105,000 $ 189,000 $ 210,000 Overdraft end of month Interest on overdraft balance (1% interest) Total amount financed (cumulative)Explanation / Answer
(A)
CALCULATION OF OVERDRAFT BALANCE IN 1,2,3,4,AND 5 MONTH
(2)
FIRST ,BALNCE OF OVERDRAFT FINANCIALLY,THAT IS COST....
(3)
INT ON BANK OVERDRAFT BALANCE:-
ACCORDING TO CALCUALTION MADE IN (1)PART:
INTEREST
ON RETAINED
particulars 1 2 3 4 5 overdrafts billed $31500 $73,500 $84000 $21000 less:retained $3150 $7350 balance $28,350 $66,150 $84,000 $21,000 less:payment @90% $25,515 $59,535 $75,600 $18,900 overdraft balance $2835 $6615 $8400 $8100Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.