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Understanding Contractor Financials General Concepts of the Income Statement, Part 3 General Concepts of the Income Statement, Part 3 Quiz
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  1. Question 1 of 5
    1. Question

    The costs that are always there whether a job is sold or not are called _______.

  2. Question 2 of 5
    2. Question

    What do we call an expense that appears when we sell a job?

  3. Question 3 of 5
    3. Question

    Once you have enough sales to cover all of the COGS and overhead expenses, that is when you get to ________.

  4. Question 4 of 5
    4. Question

    Which of the following formulas is used to determine net profit before taxes can be calculated?

  5. Question 5 of 5
    5. Question

    A TM should always assume that the dealer knows their break-even point.

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