Michigan's residential builder question with complete solution graded A+ 2023

Michigan's residential builder question with complete solution graded A+ 2023Federal unemployment tax - correct answer All of the following are calculated based on the employees earnings. The employee pays a portion of each except for ________ which is paid entirely by the employer. This system requires more recordkeeping - correct answer What is a disadvantage of using the accrual method of accounting? 500 - correct answer If a contractor is FUTA liability exceeds ______ , then FUTA taxes are deposited quarterly. 2 - correct answer The Good Contractor Co. needs to find there working capital ratio. Their current assets are $30,000 and their current liabilities are $15,000. What is the working capital ratio? Cash Flow Statement - correct answer The _______ summarizes the cash inflows and outflows from operating, investing, and financing activities during a special time. Monthly - correct answer At a minimum, deposit of taxes withheld must be made on a ______ basis. Match the inflow and outflow of cash in place both in the same tax period. - correct answer 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 Total sales - cost of goods sold / total sales - correct answer What is the formula for finding the gross profit for sales ratio? Keep separate ledgers for short term and long term accounts receivable - correct answer 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 project completed throughout the year. Jasmine does her own bookkeeping in the best practice would be for her do you want?