Business & Financial Management

A Winter Park startup budgets monthly overhead of $61,500 and wants a 4-month operating reserve. What reserve should be funded?

A Palm Coast startup budgets monthly overhead of $28,600 and wants a 6-month operating reserve. What reserve should be funded?

A Venice startup budget includes equipment purchases of $38,500, office setup of $12,600, and first payroll reserve of $28,000. What total startup cash need should be shown?

A Eustis startup budget includes equipment purchases of $24,700, office setup of $9,800, and first payroll reserve of $21,400. What total startup cash need should be shown?

A Palm Harbor startup budget includes equipment purchases of $56,200, office setup of $17,600, and first payroll reserve of $42,200. What total startup cash need should be shown?

A Royal Palm Beach startup expects monthly fixed overhead of $78,000 and average gross margin of 18.0% of sales. What monthly sales volume is needed to break even?

A Orange Park startup expects monthly fixed overhead of $112,000 and average gross margin of 22.0% of sales. What monthly sales volume is needed to break even?

A West Melbourne startup expects monthly fixed overhead of $54,500 and average gross margin of 16.0% of sales. What monthly sales volume is needed to break even?

A Newberry startup bids a project at $186,000 with estimated cost of $148,800. What gross profit dollars should the owner expect?

A Palm Springs startup bids a project at $94,500 with estimated cost of $75,600. What gross profit dollars should the owner expect?

A South Miami startup bids a project at $312,000 with estimated cost of $237,120. What gross profit dollars should the owner expect?

A Fort Pierce startup will lease an office trailer for 18 months at $1,350 per month. What lease commitment should be tracked?

A Wauchula startup will lease an copy equipment for 36 months at $420 per month. What lease commitment should be tracked?

A Marco Island startup will lease an yard lease for 24 months at $2,800 per month. What lease commitment should be tracked?

A Apopka startup expects to borrow $85,000 for one month on its line of credit at 7.2% annual interest. What one-month interest cost should be budgeted?

A Key Largo startup expects to borrow $140,000 for one month on its line of credit at 6.8% annual interest. What one-month interest cost should be budgeted?

A Mount Dora startup expects to borrow $62,000 for one month on its line of credit at 8.1% annual interest. What one-month interest cost should be budgeted?

The Fort Meade startup checklist requires 14 records and has 11 completed. What status should be reported?

The Lynn Haven startup checklist requires 9 records and has 9 completed. What status should be reported?

The Pinecrest startup checklist requires 18 records and has 15 completed. What status should be reported?

A North Lauderdale startup begins with owner capital of $150,000 and an approved startup draw of $24,000. What capital remains in the business?

A Gulf Breeze startup begins with owner capital of $95,000 and an approved startup draw of $18,000. What capital remains in the business?

A Wimauma startup begins with owner capital of $220,000 and an approved startup draw of $36,000. What capital remains in the business?

A Palm Springs startup expects its first bonded job to require a $480,000 bond at 1.2%. What bond premium should be budgeted?

A Fleming Island startup expects its first bonded job to require a $950,000 bond at 0.9%. What bond premium should be budgeted?

A LaBelle startup expects its first bonded job to require a $320,000 bond at 1.6%. What bond premium should be budgeted?

A Doral startup expects card collections of $52,000 with a 2.8% processing fee. What fee cost should be budgeted?

A Fort Pierce startup expects card collections of $31,500 with a 3.1% processing fee. What fee cost should be budgeted?

A Aventura startup expects card collections of $88,000 with a 2.4% processing fee. What fee cost should be budgeted?

A Fort Myers startup budgets monthly overhead of $42,000 and wants a 3-month operating reserve. What reserve should be funded?

The Cedar Key subcontract closeout file requires 44 final releases, and 31 have been received. How many releases are missing?

The West Miami system access list starts with 22 active users, adds 4, and removes 7. How many active users should remain?

The Winter Park bank review shows a bank balance of $124,600, book balance of $119,400, and known timing items of $3,200. What unexplained difference remains?

The Riverview bank review shows a bank balance of $87,500, book balance of $90,400, and known timing items of $1,600. What unexplained difference remains?

A Royal Palm Beach customer account has unpaid approved invoices of $126,000. Company policy requires review when unpaid invoices exceed $100,000. What status applies?

A Eagle Lake customer account has unpaid approved invoices of $48,500. Company policy requires review when unpaid invoices exceed $60,000. What status applies?

A Lutz customer account has unpaid approved invoices of $218,000. Company policy requires review when unpaid invoices exceed $200,000. What status applies?

The Safety Harbor purchasing report shows 21 purchase commitments submitted and 16 approved. What status should be flagged?

The Edgewater purchasing report shows 11 purchase commitments submitted and 11 approved. What status should be flagged?

The Cutler Bay purchasing report shows 34 purchase commitments submitted and 28 approved. What status should be flagged?

The Perry annual certificate drive requires 17 certificates, and 17 have been received. What status should be reported?

The Tierra Verde receivable file shows total billed of $184,000, disputed amount of $22,000, and cash collected of $121,000. What undisputed open amount remains?

The Quincy receivable file shows total billed of $96,500, disputed amount of $8,500, and cash collected of $64,000. What undisputed open amount remains?

The Doral receivable file shows total billed of $318,000, disputed amount of $41,000, and cash collected of $205,000. What undisputed open amount remains?

The Pine Hills subcontractor compliance log lists 68 required records, and 57 are current. How many records are missing or expired?

The Palm Beach Gardens management action-item log begins with 14 open items, closes 9, and adds 5. How many action items remain open?

The Fort Meade management action-item log begins with 21 open items, closes 13, and adds 6. How many action items remain open?

The Dunedin management action-item log begins with 8 open items, closes 4, and adds 7. How many action items remain open?

The Coral Gables annual certificate drive requires 90 certificates, and 83 have been received. What status should be reported?

The Celebration subcontractor compliance log lists 43 required records, and 39 are current. How many records are missing or expired?

The Fellsmere administrative-hours budget planned 9 hours for records cleanup, and actual hours were 12. What status should be reported?

The New Smyrna Beach fuel-card log begins with 120 active cards, issues 48, and receives 19 returned cards. How many active cards should remain?

The Hobe Sound bank review shows a bank balance of $213,900, book balance of $208,100, and known timing items of $4,700. What unexplained difference remains?

The Stuart insurance-review queue has 37 submissions, 29 accepted, and 4 rejected. How many submissions remain pending?

The Wimauma subcontractor compliance log lists 91 required records, and 74 are current. How many records are missing or expired?

The Jupiter fuel-card log begins with 86 active cards, issues 31, and receives 12 returned cards. How many active cards should remain?

The Brooksville fuel-card log begins with 155 active cards, issues 62, and receives 27 returned cards. How many active cards should remain?

A Lake Mary office equipment lease runs 12 months at $1,850 per month. After 5 months have been used, what remaining lease commitment should be tracked?

A Perry office equipment lease runs 24 months at $1,260 per month. After 9 months have been used, what remaining lease commitment should be tracked?

A Auburndale office equipment lease runs 18 months at $2,100 per month. After 6 months have been used, what remaining lease commitment should be tracked?

A Tampa concrete crew has 6 workers for 8 hours at $38 per labor-hour. What direct crew labor cost should be charged to the cost code?

A Sarasota concrete crew has 5 workers for 9 hours at $42 per labor-hour. What direct crew labor cost should be charged to the cost code?

A Ocala concrete crew has 4 workers for 10 hours at $36 per labor-hour. What direct crew labor cost should be charged to the cost code?

A Jacksonville drywall crew installs 420 board units using 70 labor-hours. What production rate should the foreman report?

A Fort Myers trade cost code shows $27,360 for 480 installed units. What installed unit cost should be reported?

A Cape Coral drywall crew installs 315 board units using 45 labor-hours. What production rate should the foreman report?

A Fort Pierce drywall crew installs 192 board units using 32 labor-hours. What production rate should the foreman report?

A Pensacola masonry activity has 860 units remaining and the planned production rate is 21.5 units per labor-hour. How many labor-hours are required?

A Winter Haven masonry activity has 540 units remaining and the planned production rate is 18.0 units per labor-hour. How many labor-hours are required?

A Naples masonry activity has 1260 units remaining and the planned production rate is 28.0 units per labor-hour. How many labor-hours are required?

A Orlando job rents a lift for 5 days at $640 per day plus $350 delivery. What equipment rental cost should be coded?

A Deltona job rents a lift for 7 days at $480 per day plus $250 delivery. What equipment rental cost should be coded?

A Stuart job rents a lift for 4 days at $725 per day plus $425 delivery. What equipment rental cost should be coded?

A Clearwater tile operation needs 2400 net square feet and allows 8.0% waste. What purchase quantity should be planned?

A Bradenton tile operation needs 1850 net square feet and allows 6.0% waste. What purchase quantity should be planned?

A Kissimmee tile operation needs 3120 net square feet and allows 5.0% waste. What purchase quantity should be planned?

A Miami contractor compares two trade quotes. A is $48,000 plus 120 coordination hours; B is $51,500 plus 80 coordination hours. Internal coordination is $55 per hour. Which quote has the lower total cost?

A Lakeland contractor compares two trade quotes. A is $33,600 plus 96 coordination hours; B is $34,000 plus 60 coordination hours. Internal coordination is $55 per hour. Which quote has the lower total cost?

A Palm Coast contractor compares two trade quotes. A is $72,000 plus 160 coordination hours; B is $72,000 plus 112 coordination hours. Internal coordination is $55 per hour. Which quote has the lower total cost?

A Port St. Lucie crew has 84 boxes covering 32 square feet each, and the work area needs 2520 square feet. What material status should be reported?

A Gainesville crew has 63 boxes covering 28 square feet each, and the work area needs 1810 square feet. What material status should be reported?

A Vero Beach crew has 96 boxes covering 24 square feet each, and the work area needs 2240 square feet. What material status should be reported?

A Bonita Springs trade activity planned 38 units per day and actually produced 34 units per day. What production variance should be logged?

A Doral trade activity planned 52 units per day and actually produced 57 units per day. What production variance should be logged?

A Tallahassee trade activity planned 44 units per day and actually produced 39 units per day. What production variance should be logged?

A Boca Raton trade cost code shows $18,900 for 350 installed units. What installed unit cost should be reported?

A Palm Bay trade cost code shows $14,875 for 175 installed units. What installed unit cost should be reported?

A Daytona Beach crew payroll record has 40 regular hours and 6 overtime hours at $34 per hour. What labor cost should be posted before burden?

A Sebring crew payroll record has 32 regular hours and 8 overtime hours at $29 per hour. What labor cost should be posted before burden?

A Lake Mary crew payroll record has 48 regular hours and 4 overtime hours at $41 per hour. What labor cost should be posted before burden?

A Florida GC prepaid $18,000 for annual insurance and expenses it evenly by month. After 7 months have expired, what prepaid asset remains?

The Palm Bay balance sheet shows total liabilities of $1,248,000 and total equity of $832,000. What debt-to-equity ratio is shown?

A Florida GC's balance sheet shows current assets of $415,000 and current liabilities of $278,000. What working capital should be reported?

A Clearwater contractor lists current assets of $684,000 and current liabilities of $456,000. What is the current ratio?

A Pensacola GC averages $125,000 in accounts receivable and has annual credit sales of $1,825,000. Using a 365-day year, what days sales outstanding should be shown?

An accounts receivable aging report shows $38,400 current, $24,600 at 1-30 days, $11,200 at 31-60 days, and $4,800 over 60 days. What amount is more than 30 days past due?

A Florida contractor carries monthly fixed overhead of $96,000 and earns an average gross margin of 24% of sales. What monthly sales level breaks even before income tax?

A Tampa job has earned revenue of $390,000 and direct job costs of $292,500. What gross profit percentage is shown on earned revenue?

A Sarasota estimator has total estimated cost of $250,000 and the company requires a 20% markup on cost. What sales price is needed?

A remaining contract balance is $420,000 and expected remaining cost is $315,000. What remaining gross profit is in backlog?

A progress billing before retainage is $248,000 and the contract retains 10%. What retainage receivable is recorded?

A Florida contractor has total liabilities of $720,000 and owner's equity of $480,000. What debt-to-equity ratio is indicated?

An Orlando contract is $760,000. Cost incurred is $228,000 and estimated cost to complete is $342,000. Using percent complete, what revenue has been earned?

A Jacksonville GC has 100 units at $10 and buys 150 more at $12. Using weighted average, what cost should be assigned to 180 units issued?

A Haines City project earned revenue of $468,000 and recorded job cost of $351,000. What gross profit percentage should be reported?

A job-cost ledger shows labor cost of $52,500 and material cost of $68,750 for a concrete phase. What combined direct cost is posted?

A Mount Dora aging report lists $28,600 at 31-60 days, $17,400 at 61-90 days, and $9,200 over 90 days. What amount is over 60 days past due?

A Florida GC's income statement reports sales of $2,400,000 and cost of construction of $1,860,000. What gross profit is reported?

A Gainesville contractor applies overhead to jobs at 65% of direct labor cost. If direct labor charged to a job is $48,000, how much overhead is applied?

A foreman's gross pay is $2,460. Deductions are $310 federal withholding, $188.19 FICA/Medicare, and $75 health insurance. What net pay is issued?

A South Daytona aging report lists $36,200 at 31-60 days, $21,300 at 61-90 days, and $11,800 over 90 days. What amount is more than 30 days past due?

A job's estimated total revenue is $980,000 and estimated total cost is $735,000. What estimated gross profit is built into the job?

Ending receivables are $418,000 and the allowance is estimated at 1.25% of receivables. What allowance should be recorded?

A Sarasota retail build-out has a $480,000 contract. Costs incurred are $160,000, estimated cost to complete is $240,000, and billings to date are $215,000. Under percent-complete reporting, what billing position should be shown?

Inventory starts with 180 units at $20 and 100 units at $23. If 210 units are issued under FIFO, what ending inventory value remains?

A West Park aging report lists $19,800 at 31-60 days, $15,900 at 61-90 days, and $7,600 over 90 days. What amount is over 60 days past due?

A Florida GC has current assets of $936,000 and current liabilities of $624,000. What current ratio should be shown?

The balance sheet lists $1,045,000 in current assets and $782,000 in current liabilities. What working capital is available?

A contractor has cash of $118,000, receivables of $355,000, securities of $52,000, inventory of $144,000, and current liabilities of $525,000. What quick ratio results?

A Florida contractor reports liabilities of $1,125,000 and owner's equity of $750,000. What debt-to-equity ratio is indicated?

A Satellite Beach contractor had 4 separations during the quarter and an average headcount of 32. What turnover rate should HR report?

A Wildwood contractor had 9 separations during the quarter and an average headcount of 60. What turnover rate should HR report?

A Clermont field group had 64 absence hours out of 1280 scheduled hours. What absence rate should be reported?

A Riviera Beach field group had 38 absence hours out of 950 scheduled hours. What absence rate should be reported?

A Green Cove Springs field group had 72 absence hours out of 1440 scheduled hours. What absence rate should be reported?

A Plantation contractor had 6 separations during the quarter and an average headcount of 48. What turnover rate should HR report?

The Tampa contractor is preparing to hire and notes this need: superintendent position needs written pay, start date, and reporting line. Which HR item should be prepared?

The Sarasota contractor is preparing to hire and notes this need: field engineer role must list required credentials before recruiting. Which HR item should be prepared?

The Ocala contractor is preparing to hire and notes this need: crew leader opening needs approval before posting. Which HR item should be prepared?

A Jacksonville HR clerk is setting up employment eligibility controls. The issue is: new worker accepted the job and must complete employment eligibility attestation. Which compliance control applies?

A Cape Coral HR clerk is setting up employment eligibility controls. The issue is: employer must review identity and work authorization documents. Which compliance control applies?

A Fort Pierce HR clerk is setting up employment eligibility controls. The issue is: work-authorization document will expire and must be tracked. Which compliance control applies?

The Pensacola office is completing onboarding and notes this issue: employee must acknowledge safety and wage policies. Which personnel item should be used?

The Winter Haven office is completing onboarding and notes this issue: direct deposit and emergency contact records are missing. Which personnel item should be used?

The Naples office is completing onboarding and notes this issue: company property issued on day one must be tracked. Which personnel item should be used?

The Miami payroll file has this timekeeping issue: foreman changed an employee's timecard without employee review. Which HR/payroll control should be used?

The Lakeland payroll file has this timekeeping issue: missed punch must be documented before payroll closes. Which HR/payroll control should be used?

The Palm Coast payroll file has this timekeeping issue: travel time needs supervisor review before payment. Which HR/payroll control should be used?

The Port St. Lucie HR manager is reviewing wage classification. The issue is: salary title does not match actual hourly field duties. Which control best fits?

The Gainesville HR manager is reviewing wage classification. The issue is: assistant superintendent regularly performs manual labor. Which control best fits?

The Vero Beach HR manager is reviewing wage classification. The issue is: office employee's duties changed after promotion. Which control best fits?

A Bonita Springs contractor is checking workers compensation documentation. The issue is: subcontractor has employees on site but no coverage certificate. Which HR/risk record applies?

A Doral contractor is checking workers compensation documentation. The issue is: policy expires during the project. Which HR/risk record applies?

A Tallahassee contractor is checking workers compensation documentation. The issue is: officer exemption document is missing. Which HR/risk record applies?

The Daytona Beach job is setting up OSHA training documentation. The issue is: new employees need instruction before entering the work area. Which record is most appropriate?

The Sebring job is setting up OSHA training documentation. The issue is: crew must be trained on hazards before task assignment. Which record is most appropriate?

The Lake Mary job is setting up OSHA training documentation. The issue is: supervisor must document safety instruction completion. Which record is most appropriate?

A Deerfield Beach supervisor observes this protective-equipment issue: crew lacks eye protection for cutting work. Which HR/safety action should be documented?

A Eustis supervisor observes this protective-equipment issue: fall-hazard task requires harness inspection records. Which HR/safety action should be documented?

A Sanford supervisor observes this protective-equipment issue: respiratory protection is required for the assigned task. Which HR/safety action should be documented?

A Ocala lienor last furnished labor or materials 104 days ago and is considering a claim of lien. What timing status applies?

On a St. Petersburg private project, the office is preparing for this event: first inspection is being scheduled. Which Chapter 713 record should be confirmed before the first inspection?

On a Lake Mary private project, the office is preparing for this event: owner asks why the permit card is not enough. Which Chapter 713 record should be confirmed before the first inspection?

On a Pensacola private project, the office is preparing for this event: construction lender asks for lien-risk support. Which Chapter 713 record should be confirmed before the first inspection?

The Coral Springs project file has this lien-law situation: supplier is not in direct contract with the owner. Which document is most directly associated with the compliance step?

The Winter Park project file has this lien-law situation: lienor is ready to record claim. Which document is most directly associated with the compliance step?

The Hialeah project file has this lien-law situation: owner asks for final payment support. Which document is most directly associated with the compliance step?

A Port St. Lucie contracting business has this licensing issue: only qualifier leaves the business. What compliance risk should the office recognize?

A Kissimmee contracting business has this licensing issue: qualifier ceases affiliation. What compliance risk should the office recognize?

A Clearwater contracting business has this licensing issue: business keeps bidding after qualifier departure. What compliance risk should the office recognize?

In a Boca Raton contractor's Chapter 489 file, which responsibility best matches the primary qualifying agent?

In a Vero Beach contractor's Chapter 489 file, which responsibility best matches the secondary qualifying agent?

In a Lakeland contractor's Chapter 489 file, which responsibility best matches the financially responsible officer?

A Doral contractor file shows this Chapter 489 issue: performing work that requires a permit without the permit being in effect. What compliance label best fits?

A Palm Bay contractor file shows this Chapter 489 issue: operating after losing the only qualifier beyond the allowed transition. What compliance label best fits?

A Fort Lauderdale contractor file shows this Chapter 489 issue: obtaining a certificate by misrepresentation. What compliance label best fits?

The Pompano Beach license file includes this Chapter 455 issue: citation lists alleged law section and penalty. Which regulatory path is most directly involved?

The Jupiter license file includes this Chapter 455 issue: licensee wants formal procedure instead of accepting citation. Which regulatory path is most directly involved?

The Tallahassee license file includes this Chapter 455 issue: minor violation is handled by department citation. Which regulatory path is most directly involved?

A Daytona Beach contractor buys lumber for a school project for incorporation into real property. The owner is tax-exempt, but the contractor is the purchaser. What should the tax file generally show?

A Palm Coast contractor buys concrete supplies for a city project for incorporation into real property. The owner is tax-exempt, but the contractor is the purchaser. What should the tax file generally show?

A Homestead contractor buys roofing material for a nonprofit facility for incorporation into real property. The owner is tax-exempt, but the contractor is the purchaser. What should the tax file generally show?

In the Aventura sales-tax file, the purchasing setup is: tax-exempt owner buys materials directly. Which compliance review is most relevant?

In the Cape Coral sales-tax file, the purchasing setup is: contractor buys and later bills owner. Which compliance review is most relevant?

In the Sanford sales-tax file, the purchasing setup is: supplier ships materials to the job for contractor account. Which compliance review is most relevant?

The Fort Pierce compliance file involves this situation: roofing work solicitation after an emergency declaration. Which Chapter 489 topic should the contractor review?

The Wellington compliance file involves this situation: salesperson promises insurance deductible will disappear. Which Chapter 489 topic should the contractor review?

The Bonita Springs compliance file involves this situation: contractor advertises post-storm repair services. Which Chapter 489 topic should the contractor review?

The North Port permit file includes this issue: owner-builder disclosure is being prepared. Which compliance topic should be reviewed?

The Deltona permit file includes this issue: permit applicant claims owner-builder exemption. Which compliance topic should be reviewed?