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Civil Engineering Chapter 1 Construction Financial Management Learning Objectives The Completion This The Student
Chapter 1: Construction Financial Management Learning Objectives At the completion of this chapter the student should be able to: • Explain why financial management is so important to a construction company. • Explain why financial management is different for construction […]
Civil Engineering Chapter 1 In the last 37 years how many years has the business failure rate
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) In the last 37 years, how many years has the business failure rate for the construction industry been below the combined […]
Civil Engineering Chapter 10 Setting Profit Margins For Bidding Learning Objectives The Completion This
Chapter 10: Setting Profit Margins for Bidding Learning Objectives At the completion of this chapter the student should be able to: • Determine the breakeven points for a construction company. • Explain how profits, costs, and sales price (revenue from […]
Civil Engineering Chapter 10 Which of the following is not used to calculate the contribution margin
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) Which of the following is not used to calculate the contribution margin? A) Revenues B) Variable overhead C) Fixed overhead D) […]
Civil Engineering Chapter 11 Profit Center Analysis Learning Objectives The Completion This The Student
Chapter 11: Profit Center Analysis Learning Objectives At the completion of this chapter the student should be able to: • Explain the sources of profit within a construction company. Instructional Hints • Help the students understand that profitability should not […]
Civil Engineering Chapter 11 Project management teams should be evaluated on which of the following
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) Project management teams should be evaluated on which of the following? A) Quality B) Financial performance C) Schedule D) All of […]
Civil Engineering Chapter 12 Cash Flows For Construction Projects Learning Objectives The Completion This
Chapter 12: Cash Flows For Construction Projects Learning Objectives At the completion of this chapter the student should be able to: • Prepare a cash flow for a construction project. • Explain how subcontracting, in-house labor, and retention affect the […]
Civil Engineering Chapter 12 Failure to pay material bills on time may result in which of the following
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) Failure to pay material bills on time may result in which of the following? A) Prepayments for materials may be required. […]
Civil Engineering Chapter 13 In general, what percentage of meals is tax deductible
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) What is the tax rate for corporations? A) 12% B) 35% C) 22% D) 21% Answer: D Explanation: A) B) C) […]
Civil Engineering Chapter 13 Projecting Income Taxes Learning Objectives The Completion This The Student
Chapter 13: Projecting Income Taxes Learning Objectives At the completion of this chapter the student should be able to: • Define taxable income and explain how it is calculated. • Explain the difference between corporate federal income tax and personal […]
Civil Engineering Chapter 14 Cash Flows For Construction Company Learning Objectives The Completion This
Chapter 14: Cash Flows for a Construction Company Learning Objectives At the completion of this chapter the student should be able to: Instructional Hints • Help the students understand how sensitive analysis and what if scenarios can be used to […]
Civil Engineering Chapter 14 For the company in the book which month has the highest positive cash flow
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) For the company in the book, which month has the highest positive cash flow? A) October B) May C) January D) […]
Civil Engineering Chapter 15 Time Value Money Learning Objectives The Completion This The Student
Chapter 15: Time Value of Money Learning Objectives At the completion of this chapter the student should be able to: • Explain the concept of equivalence. • Define and give examples of a present value (P), future value (F), a […]
Civil Engineering Chapter 15 Which of the following would be used to convert a future value into a uniform series of cashflows
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) Which of the following would be used to convert a future value into a uniform series of cash flows? A) Single–payment […]
Civil Engineering Chapter 16 Financing Companys Financial Needs Learning Objectives The Completion This The
Chapter 16: Financing a Company’s Financial Needs Learning Objectives At the completion of this chapter the student should be able to: • Explain the difference between simple interest and compound interest and explain how they work. • Convert an annual […]
Civil Engineering Chapter 16 Which of the following should be considered when selecting a banker
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) Which of the following should be considered when selecting a banker? A) Personalized service B) Specialization in the construction industry C) […]
Civil Engineering Chapter 17 Making Financial Decisions Learning Objectives The Completion This The Student
Chapter 17: Making Financial Decisions Learning Objectives • At the completion of this chapter the student should be able to: • Explain how to determine the minimum attractive rate of return. Instructional Hints • Help the students understand that the […]
Civil Engineering Chapter 17 The Company Should Purchase The Dump Truck Because Its Rate Return Greater
The company should purchase the dump truck because its rate of return is greater than the MARR of 18%. 30. The annual profit from the loader equals: Annual Profit = (Hourly Revenue – Hourly Costs)(Billable Hours) Annual Profit = ($98.00/hr […]
Civil Engineering Chapter 17 When using the incremental net present value, what happens when the net present value is positive
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) When using the incremental net present value, what happens when the net present value is positive? A) The competing alternative becomes […]
Civil Engineering Chapter 18 Income Taxes And Financial Decisions Learning Objectives The Completion This
Chapter 18: Income Taxes and Financial Decisions Learning Objectives At the completion of this chapter the student should be able to: • Explain under what circumstances income taxes affect the financial decisions. Instructional Hints • Help the students understand that […]
Civil Engineering Chapter 18 Which of the following is not true about depreciation
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) Which of the following is not true about depreciation? A) Depreciation is a cash flow. B) Depreciation defers tax savings into […]
Civil Engineering Chapter 2 Construction Accounting Systems Learning Objectives The Completion This The Student
Chapter 2: Construction Accounting Systems Learning Objectives At the completion of this chapter the student should be able to: • Explain the difference between cost reporting and cost control and identify the characteristics of an accounting system that is used […]
Civil Engineering Chapter 2 Where would the cost of Federal Unemployment Tax (FUTA) be recorded
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) Where would the cost of Federal Unemployment Tax (FUTA) be recorded on the income statement? A) Other B) Labor C) Materials […]
Civil Engineering Chapter 3 Accounting Transactions Learning Objectives The Completion This The Student Should
Chapter 3: Accounting Transactions Learning Objectives At the completion of this chapter the student should be able to: • Explain what accounting transactions result in costs or revenues being recorded to the job cost ledger. • Explain the difference between […]
Civil Engineering Chapter 3 Which of the following may use a time card to track the time worked on a jobsite
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) Which of the following may use a time card to track the time worked on a jobsite? A) Jobsite employees B) […]
Civil Engineering Chapter 4 More Construction Accounting Learning Objectives The Completion This The Student
Chapter 4: More Construction Accounting Learning Objectives At the completion of this chapter the student should be able to: • Explain what a committed cost is and how committed costs are used to improve cost tracking. • Estimated to the […]
Civil Engineering Chapter 4 Which of the following key principles for internal controls would require a company
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) Which of the following key principles for internal controls would require a company to use prenumbered checks and purchase orders? A) […]
Civil Engineering Chapter 5 Depreciation Learning Objectives The Completion This The Student Should Able
Chapter 5: Depreciation Learning Objectives At the completion of this chapter the student should be able to: • Calculate deprecation using the straight-line depreciation method. • Calculate deprecation using the sum-of-the-years depreciation method. • Calculate deprecation using the declining-balance depreciation […]
Civil Engineering Chapter 5 Which of the following variables represents the salvage value
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) Which of the following variables represents the salvage value? A) S B) D C) F D) P Answer: C Explanation: A) […]
Civil Engineering Chapter 6 Analysis Financial Statements Learning Objectives The Completion This The Student
Chapter 6: Analysis of Financial Statements Learning Objectives At the completion of this chapter the student should be able to: • Find the current industrial averages for common financial ratios for a specific sector of the construction industry. Instructional Hints […]
Civil Engineering Chapter 6 Which class of contractors has the highest general overhead ratio
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) A current ratio of ________ to 1 is considered a strong indication that a company can pay current liabilities. A) 2.50 […]
Civil Engineering Chapter 7 Managing Costs Learning Objectives The Completion This The Student Should
Chapter 7: Managing Costs Learning Objectives At the completion of this chapter the student should be able to: • Explain the monitoring and controlling process • Explain the processes used to monitor and control construction expenses. • Explain how job […]
Civil Engineering Chapter 7 When does a project manager need to approve a bill for materials
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) When does a project manager need to approve a bill for materials? A) When the cost of the bill exceeds the […]
Civil Engineering Chapter 8 Determining Labor Burden Learning Objectives The Completion This The Student
Chapter 8: Determining Labor Burden Learning Objectives At the completion of this chapter the student should be able to: • Identify and calculate the cost of the different labor burden components. Instructional Hints • In Chapter 3, we looked at […]
Civil Engineering Chapter 8 Under the Fair Labor Standards Act (FLSA) which of the following are not considered exempt employees
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) Under the Fair Labor Standards Act (FLSA), which of the following are not considered exempt employees? A) Administrative employees B) Professional […]
Civil Engineering Chapter 9 For the general overhead categories used in the book where would the
Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) Which of the following is not an overhead cost type? A) Expected B) Mixed C) Fixed D) Variable Answer: A Explanation: […]
Civil Engineering Chapter 9 Managing General Overhead Costs Learning Objectives The Completion This The
Chapter 9: Managing General Overhead Costs Learning Objectives At the completion of this chapter the student should be able to: • Explain the difference between a budget prepared for use in determining cash flows and a budget prepared for use […]