商业财务第 1209 / 1632 题
The main financial risk of taking on a job much larger than a contractor's usual size is:
a.Depreciation on the equipment stops completely
b.The CSLB upgrades the licence class held
c.Sales tax on those materials is waived
d.Too little working capital to carry the costs
解析
A job several times the usual size demands payroll and material money weeks before the first progress payment lands, and retention holds part of it back longer still, so the contractor can run dry mid-project on a job that is profitable on paper. Depreciation follows the asset's schedule and is unaffected by job size. Classification follows the trade the contractor is qualified in and is never upgraded automatically. And material tax is owed on every job whatever its size.
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同考点相关题目
- 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 5% 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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审核人 Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — 核实)