Exam (elaborations)
part 1 business and finance exam 2 Questions and Answers 100% Solved
- Course
- Institution
part 1 business and finance exam 2
[Show more]
Content preview
part 1 business and finance exam 2The equation to find the comparison ratio is which of the following? - answerIncome /
Expenses
What is the recovery period for office equipment? - answerIts estimated years of useful
life
If a construction company job is worth more than $2,500, and there is a construction
loan covering the work, which party is responsible for posting a copy of the notice of
commencement at the job site? - answerthe owner
A legal technique used to help minimize taxes includes which of the following? -
answerShifting
Under the Florida Reemployment Compensation Employer Handbook, a company can
terminate its liability under the system so long as it is not liable for at least? -
answerEntire calendar year
According to the Builder's Guide to Accounting, the act of setting up an asset in the
general ledger is called what? - answerCapitalizing
According to the Builder's Guide to Accounting, it may help your collections to offer
incentive discounts such as which of the following? - answer2% - 10, net 30
According to the Builder's Guide to Accounting, in setting up a job cost ledger, a
deferred credit is listed as what? - answerA liability
What is the correct formula for the delinquent ratio? - answerTotal receivables /
Delinquent receivables
Which of the following would NOT represent an unfavorable trend? - answerDelinquent
receivables and bad debts decrease as credit sales decrease in relation to total sales
What is the most common modern bookkeeping method called? - answerDouble-Entry
Bookkeeping
According to the Builder's Guide to Accounting, approximately what percentage of your
direct costs will be for materials? - answer50%
According to the Builder's Guide to Accounting, what is another name for a retained
earnings account? - answerEquity
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller julianah420. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $16.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now