Finanzas ComercialesPregunta 1213 de 1632
Which of the following BEST reduces a contractor's need for outside financing on a project?
a.Larger retention withheld by the owner
b.Prompt billing and quick collection
c.Paying suppliers before invoicing the owner
d.A bigger deposit refunded at closeout
Explicación
Money borrowed is money the contractor did not collect, so billing the moment work is complete and chasing the payment shortens the gap that a line of credit would otherwise fill. Larger retention withholds more of the earned money for longer and increases the need for financing. Paying suppliers ahead of billing moves cash out before it comes in. And refunding a deposit hands back cash the contractor already holds.
Practica las 1632 preguntas gratis — sin registro.
Own the complete CSLB Law & Business guide — PDF + EPUB, $24.99 →
Preguntas relacionadas de este tema
- A contractor buys $5,000 of materials with terms 1/15, net 45. If he pays on day 12, what does he pay?
- A contractor's gross profit margin has fallen from 30% to 22% over a year. The most useful first step to diagnose why is to:
- A contractor completes a $180,000 contract billed with 5% retention. Two-thirds of the way through he has billed $120,000. How much retention is being held at that point?
- A contractor's estimate omitted the 9% sales tax on $20,000 of materials. How much profit will this error erase if he cannot pass it on?
- A contractor's business is organized as an S corporation. A key financial feature of an S corp is that:
- A C corporation differs from a sole proprietorship in that the C corporation:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California CSLB Contractor License Law & Business Exam · Cómo revisamos
Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)