FLORIDA AIR EXAM BUSINESS
AND FINANCE EXAM | ALL
QUESTIONS AND CORRECT
ANSWERS | GRADED A+ | LATEST
EXAM | VERIFIED ANSWERS | JUST
RELEASED
Save
Terms in this set (106)
,When estimating $20.39 Per Hour
labor, what is the
total hourly cost
of a employee if
the hourly pay is
$15.00 per hr?
-Liability
Insurance 2.5%
-Social Security
& FICA 7.65%
-Unemployment
0.80%
-Worker Comp
15%
-Benefits 10%
A company has 194,400 is the cost of sales
estimated
income of
$360,000 for the
past year. To
achieve a gross
profit ratio of
46%, what
should be the
cost of sales?
,A HVAC $135,000
company's Sales
tax in 2017 were
$300,000. In
order to show a
profit of 45%, the
cost of goods
sold would be?
Using the $16,341
percentage of
completion
method, what is
the gross profit
to date of a
construction
project that has
a contract
amount of
$130,000, cost to
date is $99,970,
and cost to
complete the
project is $11,760.
, Based on the $22,164
following
statement:
-Subcontractor
$62,000
-Contract
Income $87,560
-Misc. Income
$26,344
-Construct.
Materials
$29,340
-Sale&Overhead
$19,670
WHAT IS THE
GROSS PROFIT?
The categories Accounts
under assets, Contractor's Manual 2017 Pg 3-18
liabilities, equity,
revenues, and
expenses are
called?
AND FINANCE EXAM | ALL
QUESTIONS AND CORRECT
ANSWERS | GRADED A+ | LATEST
EXAM | VERIFIED ANSWERS | JUST
RELEASED
Save
Terms in this set (106)
,When estimating $20.39 Per Hour
labor, what is the
total hourly cost
of a employee if
the hourly pay is
$15.00 per hr?
-Liability
Insurance 2.5%
-Social Security
& FICA 7.65%
-Unemployment
0.80%
-Worker Comp
15%
-Benefits 10%
A company has 194,400 is the cost of sales
estimated
income of
$360,000 for the
past year. To
achieve a gross
profit ratio of
46%, what
should be the
cost of sales?
,A HVAC $135,000
company's Sales
tax in 2017 were
$300,000. In
order to show a
profit of 45%, the
cost of goods
sold would be?
Using the $16,341
percentage of
completion
method, what is
the gross profit
to date of a
construction
project that has
a contract
amount of
$130,000, cost to
date is $99,970,
and cost to
complete the
project is $11,760.
, Based on the $22,164
following
statement:
-Subcontractor
$62,000
-Contract
Income $87,560
-Misc. Income
$26,344
-Construct.
Materials
$29,340
-Sale&Overhead
$19,670
WHAT IS THE
GROSS PROFIT?
The categories Accounts
under assets, Contractor's Manual 2017 Pg 3-18
liabilities, equity,
revenues, and
expenses are
called?
