Find the following values in the below table: (Show the calculation) Overdraft e
ID: 2795827 • Letter: F
Question
Find the following values in the below table: (Show the calculation)
Overdraft end of month (show the equation)
Total amount financed (cummulative)
Find the following values in the below table: (Show the calculation)
Overdraft end of month (show the equation)
Interest on overdraft balance (1% interest)Total amount financed (cummulative)
1 2 3 4 5 Direct cost (monthly) $ 25,000 $ 65,000 $ 75,000 $ 15,000 Indirect cost (monthly) $ 5,000 $ 5,000 $ 5,000 $ 5,000 Subtotal $ 30,000 $ 70,000 $ 80,000 $ 20,000 Markup (monthly) $ 1,500 $ 3,500 $ 4,000 $ 1,000 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 (show the equation) ? ? ? ? ? Interest on overdraft balance (1% interest) ? ? ? ? ? Total amount financed (cummulative) ? ? ? ? ?Explanation / Answer
Overdraft end of month (show the equation)
30,000
71,650
85,500
21,500
0
Interest on overdraft balance (1% interest)
300 (30,000 * 1%)
1,000 (100,000 * 1%)
1,517 (151,650 * 1%)
1,055 (105,500 * 1%)
215 (21,500 * 1%)
Total amount financed (cummulyative)
30,000
71,650
85,500
21,500
0
*Payment is assumed to be received at the end of the month and interest is charged for the entire month
Overdraft end of month (show the equation)
30,000
71,650
85,500
21,500
0
Interest on overdraft balance (1% interest)
300 (30,000 * 1%)
1,000 (100,000 * 1%)
1,517 (151,650 * 1%)
1,055 (105,500 * 1%)
215 (21,500 * 1%)
Total amount financed (cummulyative)
30,000
71,650
85,500
21,500
0
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