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CSLB TEST 2 BUSINESS FINANCE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100- CORRECT ANSWERS) A+ GRADE ASSURED $9.99
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CSLB TEST 2 BUSINESS FINANCE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100- CORRECT ANSWERS) A+ GRADE ASSURED
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CSLB TEST 2 BUSINESS FINANCE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100- CORRECT ANSWERS) A+ GRADE ASSURED

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  • November 29, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • cslb test 2 business finance exam questions with d

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CSLB TEST 2 BUSINESS FINANCE EXAM QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) A+ GRADE ASSURED

AllPrevenuesPminusPallPofPthePexpensesPrefersPto:P-PcorrectPanswer-netPprofit


WhatPcanPhappenPifPpayrollPtaxPreturnsParePnotPfiledPinPaPtimelyPmanner?P-PcorrectPanswer-
LargePpenaltiesPcanPbePchargedPforPlatePfilings.PAccordingPtoPthePCaliforniaPFranchisePTaxPBoard,PanPunder
paymentPpenaltyPwillPbePchargedPwhenPtaxesParePnotPpaidPbyPthePduePdate.PInterestPwillPbePchargedPonPanyP
delinquentPorPlatePpaymentPfromPthePoriginalPduePdatePofPthePreturnPtoPthePdatePpaid.PInPaddition,PifPotherPpe
naltiesParePnotPpaidPwithinP15PdaysPofPthePdatePofPthePnotice,PinterestPwillPbePchargedPfromPthePdatePofPthePbi
llingPnoticePuntilPthePdatePofPpayment.PInterestPcompoundsPdailyPandPthePinterestPratePisPadjustedPtwicePaPye
ar.


ThePtwoPtypesPofPexternalPfinancingPavailablePtoPaPbusinessPare:P-PcorrectPanswer-
EquityPfundsPandPdebt.EquityPfundsParePsuppliedPbyPinvestorsPwhoPacquirePsomePcontrolPofPthePbusinessPan
dPaPsharePofPfuturePprofits.PThesePfundsPremainPinPthePbusiness.PDebtPrepresentsPborrowedPdollarsPthatPrequ
irePbothPrepaymentPofPthePoriginalPamountPandPperiodicPinterestPpayments.PThePownerPdoesPnotPnormallyPg
ivePupPcontrolPofPthePbusiness.


WhichPofPthePfollowingPitemsPisPlistedPasPaPcurrentPassetPonPaPbalancePsheet?P-PcorrectPanswer-
AccountsPreceivable


ContractorsPwhoPworkPinPsalesPandPusePtaxPdistrictsPinPCaliforniaPandPpurchasePfixturesPorPmaterialsParePsu
bjectPto
whatPpercentagePofPtax?P-PcorrectPanswer-
APcertainPpercentagePbasedPonPsuppliesPusedPatPthePjobPsitePdiffersPbetweenPtaxPdistricts


WhichPofPthePfollowingPitemsPdoesPaccountsPreceivablePinclude?P-PcorrectPanswer-
MoneyPpaidPforPlaborPandPreceivedPforPservices


AnotherPtermPforP"stockholdersPequity''PonPaPbalancePsheetPis:P-PcorrectPanswer-NetPworth


StatePunemploymentPinsurancePtaxesPare:P-PcorrectPanswer-PaidPbyPemployers

, IfPaPconstructionPcompanyPbuysPaPnewPcarPforPgeneralPusePbyPthePsalesPstaff,PtoPwhichPofPthePfollowingPacc
ountsPwouldPthePdepreciationPofPthePcarPbePcharged?P-PcorrectPanswer-GeneralPandPadministrativePcosts


HowPoftenPmustPanPemployerPreportPandPpayPsocialPsecurityP(FICA)Ptaxes?P-PcorrectPanswer-
Quarterly.PMostPemploymentPtaxesParePduePquarterly,PunlessPaPmonthlyPdepositPschedulePisPmet.


WhichPofPthePfollowingPshowsPhowPfarPpast-duePeachPcustomer'sPpaymentPis?P-PcorrectPanswer-
AccountsPreceivablePagingPreport


SalesPtaxPisPcollectedPfromPcustomersPandPpaidPtoPthe:P-PcorrectPanswer-BoardPofPEqualization


WhatPisPthePdifferencePbetweenPfixedPcostPandPoverheadPcost?P-PcorrectPanswer-
FixedPcostsPfallPunderPthePoverhead


AnPemployerPisPrequiredPtoPfilePquarterlyPstatePtaxPreturnsPwithPthe:P-PcorrectPanswer-
EmploymentPDevelopmentPDepartment.PThePkeywordPinPthisPquestionPisP"employer,"PwhichPautomatically
PimpliesPemploymentPtaxesPwhichParePfiledPwithPthePEmploymentPDevelopmentPDepartment




WhichPofPthePfollowingPstatementsPbestPdescribesPthePdifferencePbetweenPthePbalancePsheetPandPincomePsta
tement?P-PcorrectPanswer-
ThePbalancePsheetPshowsPnetPworthPatPaPparticularPpointPinPtime,PwhilePthePincomePstatementPshowsPprofitPe
arnedPoverPaPperiodPofPtime


WhichPofPthePfollowingPmayPappearPunderPaccountsPreceivable?P-PcorrectPanswer-
Retention.PRetentionPisPusuallyP10%PwhichPisPwithheldPfromPthePcontractPbyPthePownerPtoPensurePthatPthePj
obPisPdonePproperlyPandPsubcontractorsParePpaid


WhichPofPthePfollowingPisPtruePaboutPoverhead?P-PcorrectPanswer-
AllPofPthePabove:PItPincludesPadvertising,PbadPdebts,PandPstoragePcharges,PItPconsistsPofPexpensesPnecessaryP
toPrunPaPcompany,PbutPnotPnecessarilyPexpensesPincurredPonPthePjobPsite,PItPisPimportantPtoPincludePinPbids


APcompany'sPprofitsParePcalculatedPbyP-PcorrectPanswer-SubtractingPexpensesPfromPrevenues


WorkingPcapitalPisPdefinedPas:P-PcorrectPanswer-TotalPcurrentPassetsPminusPtotalPcurrentPliabilities

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