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The contractor prepares an invoice e payment is 19 % of total revenue IME (Month) 1 nthly Revenue mulative income (in thousands a month number 5 is? 28 56

The contractor prepares an invoice e payment is 19 % of total revenue IME (Month) 1 nthly Revenue mulative income (in thousands a month number 5 is? 28 56

FINANCIAL ACCOUNTING
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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QUESTION 10 The below table shows the contractor's monthly revenue for constructing a small house which will take 6 months to erect. The contractor prepares an invoice and submits it every two months and gets paid one month later. If the advance payment is 19 % of total revenue, retention18%, and Mark-up 20%. TIME (Month) 2 3 4 6. Monthly Revenue The cumulative income (in thousands of Riyals) to the contractor at the end of month number 5 is? 28 56 56 45 33 36 QUESTION 11 The below table shows the contractor's monthly revenue for constructing a small house which will take 6 months to- erect. The contractor prepares an invoice and submits it every two months and gets paid one month later. If the advance payment is 15% of total revenue, retention 5%, and Mark-up 20%. TIME (Month) 1 2 3 6 44 38 35 Monthly Revenue The project's total price (in thousands of Riyals) is? 29 39 48
Transcribed Image Text:QUESTION 10 The below table shows the contractor's monthly revenue for constructing a small house which will take 6 months to erect. The contractor prepares an invoice and submits it every two months and gets paid one month later. If the advance payment is 19 % of total revenue, retention18%, and Mark-up 20%. TIME (Month) 2 3 4 6. Monthly Revenue The cumulative income (in thousands of Riyals) to the contractor at the end of month number 5 is? 28 56 56 45 33 36 QUESTION 11 The below table shows the contractor's monthly revenue for constructing a small house which will take 6 months to- erect. The contractor prepares an invoice and submits it every two months and gets paid one month later. If the advance payment is 15% of total revenue, retention 5%, and Mark-up 20%. TIME (Month) 1 2 3 6 44 38 35 Monthly Revenue The project's total price (in thousands of Riyals) is? 29 39 48
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