Exam (elaborations)
MICHIGAN BUILDERS EXAM QUESTIONS WITH COMPLETE SOLUTIONS
- Course
- Institution
MICHIGAN BUILDERS EXAM QUESTIONS WITH COMPLETE SOLUTIONS
[Show more]
Seller
Follow
Victorious23
Reviews received
Content preview
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
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 Victorious23. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78291 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now