Tài chính doanh nghiệpCâu 1209 / 1605
The main financial risk of taking on a job much larger than a contractor's usual size is:
a.Depreciation stops
b.The CSLB automatically upgrades the license
c.Sales tax is waived
d.Insufficient working capital to carry the labor and material costs before payments arrive
Giải thích
Large jobs require large outlays for labor and materials well before progress payments and retention are collected. Without adequate working capital or credit, a contractor can run out of cash mid-project even though the job is profitable on paper.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A contractor wants each job to yield 15% net profit after covering 25% overhead (both measured on direct cost). On a $10,000 direct-cost job, what price recovers overhead and yields the target profit if both percentages are applied to direct cost?
- Amortization is most similar to depreciation except that amortization applies to:
- A contractor's income statement shows revenue $400,000, cost of goods sold $280,000, and operating expenses $90,000. What is net income?
- 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 10% retention. Two-thirds of the way through he has billed $120,000. How much retention is being held at that point?
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Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)