Question
21) Which of the following variables represents the salvage value? A) P B) F C) S 22) Hiring employees to perform the work on
21) Which of the following variables represents the salvage value? A) P B) F C) S 22) Hiring employees to perform the work on the project will require_ had hired subcontractors to perform the labor. D) D financial resources than if the company A) the same B) less 23) Which of the following cannot be depreciated? A) Land C) Personal property C) more B) Land improvements D) Buildings 24) Which of the following would not be used to calculate the quick ratio? A) Accounts receivable C) Equity/net worth B) Current liabilities D) Cash 25) Which of the following must be reported as an income or loss? A) Sale of an asset for book value C) Sale of an asset for less than book value 26) A current ratio of A) 2.00 B) Sale of an asset for more than book value D) B and C _to 1 is considered a strong indication that a company can pay current liabilities. B) 2.50 C) 1.00 D) 1.35 27) Which class of contractors has the highest median debt to equity ratio? A) Specialty contractors C) Commercial B) Highway D) Residential _time it takes to collect a company's accounts B) maximum C) current D) average 28) The collection period measures the receivables. A) minimum 29) Based on the data for 2013, what age of firm has the highest failure rate? A) 1 year B) 5 years C) 2 years 30) Which class of contractors has the lowest median assets to revenue ratio? A) Commercial C) Residential B) Highway D) Specialty contractors D) 6 to 10 years 31) When preparing a cost segregation study, where would decorative light fixture be classified? A) Land improvements C) Buildings B) Personal property D) Land 32) On the committed cost worksheet, labor would be entered into which of the following columns? A) Committed costs B) Committed costs invoiced C) Non-committed costs invoiced 3 D) A and B
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