Tài chính doanh nghiệpCâu 1211 / 1605
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.Review job-cost reports to see whether labor, materials, or subs are overrunning estimates
b.Pay the franchise tax early
c.Increase the contractor's bond
d.Stop keeping job-cost records
Giải thích
A declining gross margin signals that direct costs are eating into revenue. Reviewing job-cost reports pinpoints whether labor hours, material prices, or subcontractor costs are exceeding estimates, so the contractor can correct estimating or field performance.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A contractor's income statement shows revenue $400,000, cost of goods sold $280,000, and operating expenses $90,000. What is net income?
- The main financial risk of taking on a job much larger than a contractor's usual size is:
- 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 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?
- Which of the following BEST reduces a contractor's need for outside financing on a project?
- 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?
Cập nhật gần nhất: · quy trình kiểm tra
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)