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Maximum total progress payment amount

You are reviewing a Progress Payment Request on a $2,500,000 contract with a 90% progress payment rate. The Total Cost Incurred to Date is $2,000,000 and the Total Estimated additional Cost to Complete is $1,000,000. The Loss Ratio Factor is 83.3%. Currently, what is the maximum total progress payment amount that you can authorize?

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The Total Cost Incurred to Date is $2,000,000 and the Total Estimated additional Cost to Complete is $1,000,000. The Loss Ratio Factor is 83.3%. Currently, what is the maximum total progress payment amount that you can authorize?

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Maximum total progress payment amount

Reference No:- TGS052801

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Effective-interest method to amortize bond premium

Q : People in different groups

Q : People in different groups

Q : Determining operating cash flows for financial purposes

Q : Maximum total progress payment amount

Q : Compute the income or loss before taxes recorded

Q : Write a case study using all 8 meta programs

Q : Applicability to the current income tax system

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Maximum total progress payment amount

Reference No:- TGS052801

Recent Questions Asked Finance Basics

Q : Effective-interest method to amortize bond premium

Q : People in different groups

Q : People in different groups

Q : Determining operating cash flows for financial purposes

Q : Maximum total progress payment amount

Q : Compute the income or loss before taxes recorded

Q : Write a case study using all 8 meta programs

Q : Applicability to the current income tax system

Q : Describe the budget shortfall

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