MICHIGAN RESIDENTIAL BUILDER 2026
ACTUAL SCRIPT 160 QUESTIONS ANSWERS
VERIFIED
◉ This system requires more recordkeeping. Answer: What is a
disadvantage of using the accrual method of accounting?
◉ 500. Answer: If a contractor is FUTA liability exceeds ______ , then
FUTA taxes are deposited quarterly.
◉ 2. 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. Answer: The _______ summarizes the cash
inflows and outflows from operating, investing, and financing activities
during a special time.
◉ Monthly. 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.. 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. Answer: What is the
formula for finding the gross profit for sales ratio?
◉ Keep separate ledgers for short term and long term accounts
receivable. 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?
◉ Balance sheet, income statement. Answer: The _______ shows the
business's financial condition during a specific period of time, while the
_______ shows activity over time.
◉ To ensure that the cabinet and its contents remain securely fastened to
the wall. Answer: Why should blocking be used in the installation of
cabinetry?
◉ Housewrap is the traditional method for protecting sheathing.
Answer: Which of these is NOT an element of housewrap?
◉ 25. Answer: Notches in a loadbearing wall cannot exceed _____
percent of width.
, ◉ On center spacing. Answer: The maximum spacing allowed between
various sizes of joists and rafters is called what?
◉ Molding. Answer: What term usually refers to narrow length of wood
with a shaped profile?
◉ 7-10. Answer: What is the girder span constructed of three 2x10s for
an exterior bearing wall supporting a floor and ceiling with a snow load
of 50 PSF in a building 28 feet wide?
◉ 25. Answer: 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
◉ A span table. Answer: To which of the following references would
you prefer to determine how many joists or rafters you would need?
◉ Concrete blocks. Answer: _________ do not require the formwork of
solid concrete foundation walls, but do you need reinforcement from
rebar or pilasters.
◉ Aggregate. Answer: The biggest percentage of concrete mix is due to:
ACTUAL SCRIPT 160 QUESTIONS ANSWERS
VERIFIED
◉ This system requires more recordkeeping. Answer: What is a
disadvantage of using the accrual method of accounting?
◉ 500. Answer: If a contractor is FUTA liability exceeds ______ , then
FUTA taxes are deposited quarterly.
◉ 2. 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. Answer: The _______ summarizes the cash
inflows and outflows from operating, investing, and financing activities
during a special time.
◉ Monthly. 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.. 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. Answer: What is the
formula for finding the gross profit for sales ratio?
◉ Keep separate ledgers for short term and long term accounts
receivable. 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?
◉ Balance sheet, income statement. Answer: The _______ shows the
business's financial condition during a specific period of time, while the
_______ shows activity over time.
◉ To ensure that the cabinet and its contents remain securely fastened to
the wall. Answer: Why should blocking be used in the installation of
cabinetry?
◉ Housewrap is the traditional method for protecting sheathing.
Answer: Which of these is NOT an element of housewrap?
◉ 25. Answer: Notches in a loadbearing wall cannot exceed _____
percent of width.
, ◉ On center spacing. Answer: The maximum spacing allowed between
various sizes of joists and rafters is called what?
◉ Molding. Answer: What term usually refers to narrow length of wood
with a shaped profile?
◉ 7-10. Answer: What is the girder span constructed of three 2x10s for
an exterior bearing wall supporting a floor and ceiling with a snow load
of 50 PSF in a building 28 feet wide?
◉ 25. Answer: 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
◉ A span table. Answer: To which of the following references would
you prefer to determine how many joists or rafters you would need?
◉ Concrete blocks. Answer: _________ do not require the formwork of
solid concrete foundation walls, but do you need reinforcement from
rebar or pilasters.
◉ Aggregate. Answer: The biggest percentage of concrete mix is due to:
