How much leo construction is expected to receive from owner

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Reference no: EM133335771

Question: Assuming $5,000 indirect cost per month, and 12% markup. If the owner retains 5.1% of validated progress payments until the project is completed, and payments will be billed at the end of the month and will be received one month later. Leo construction also needs to pay the bank 1% per month for the amount of the overdraft at the end of the month. How much Leo Construction is expected to receive from owner at month 3?

Reference no: EM133335771

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