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MICHIGAN BUILDERS EXAM QUESTIONS WITH COMPLETE SOLUTIONS
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MICHIGAN BUILDERS EXAM QUESTIONS WITH COMPLETE SOLUTIONS
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MICHIGAN BUILDERS EXAM QUESTIONS WITHCOMPLETE SOLUTIONS
When it comes to comparing short-term and long-term income with the
timeframe when costs and expenses were incurred, it would be best to - -
match the inflow and outflow of cash and place both in the same tax period.
-What is the disadvantage of using the accrual method of accounting? - -
this system requires more recordkeeping
-The ________ summarizes the cash inflows and outflows from operating,
investing, and financing activities during a specific time. - -cash flow
statement
-What is the formula for finding the gross profit to sales ratio? - -total sales -
cost of goods sold ÷ total sale
-The function of the balance sheet is to __________? - -Show the financial
condition of the business on a specific date
-What tax is deducted (withheld) solely from employees wages? - -Income
Tax
-If a contractor's FUTA liability exceeds __________, then FUTA taxes are
deposited quarterly - -500
-Jasmine the contractor is having a busy year for work. She has three long-
term projects going on at once, and there have been at least 10 short-term
projects completed throughout the year. Jasmine does her own bookkeeping,
and the best practice would be for her to do what? - -keep separate ledgers
for short-term and long-term accounts receivable
-All of the following are calculated based on the employee's earnings. The
employee pays a portion of each except for ______ which is paid entirely by
the employer. - -Federal Unemployment Tax
-A document which shows the financial position of a company for the year,
also called a profit and loss statement, is known as a - -Income Statement
-An assembly of panels that forms a cabinet's basic shape is known as a - -
Carcase
-Notches in a load-bearing wall cannot exceed ____ percent of width. - -25
, -Diagonal bracing is necessary for the lateral strength of a wall. In all
exterior walls, bracing should be placed at both ends and at _________ -foot
intervals. - -25
-According to the Michigan Barrier-Free ramp guidelines, there must be a
minimum of _____ inches of clear space across the wheelchair ramp - -36
-What is the girder span constructed of three 2x10's for an exterior bearing
wall supporting a floor and ceiling with a snow load of 50 psf in a building 28
feet wide? - -7-10
-A straight run of stairs is called a - -Flight
-Joists should be _____________ under each load bearing wall that is parallel
to the joists - -Doubled
-Which of these should you NOT use to form slab edges for a monolithic slab
- -precast concrete
-what is the minimum size and location of rebar in a footing supporting a
monolithic slab? - -2 \4 And Within The Middle Third Of The Depth
-When performing a slump test, the concrete should be poured into the
slump cone in three layers, each of which is "rodded in" with _________
strokes of a tamping rod - -25
-What is the first step in finishing a concrete slab? - -screeding
-Which of these is NOT one of the more common admixtures? - -water
expanders
-When pouring a monolithic slab, the minimum height for the top of the slab
should be how many inches above the ground? - -8"
-________ can save time when compared to pouring concrete into a project-
specific form and waiting for it to cure - -post pads
-In a sidewalk or walkway, ______________ is a gap between portions of
concrete that is filled with flexible material. - -An Expansion Joint
-A contract is what kind of agreement between two or more persons? - -
Binding
-Which party usually obtains a construction loan for a project? - -the buyer
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