VA CONTRACTORS (ADVANCED PORTION)
COMPREHENSIVE QUESTIONS AND ANSWERS
Acural basis of accounting question - ANSWER -A. $2,000
Debt to Equity Ratio question - ANSWER -C. 1.53
Return on investment question - ANSWER -B. 29.7%
VA income tax rate question - ANSWER -C. 6%
Workers comp queston - ANSWER -B. Between $200 and $400
Product A,B,C question - ANSWER -B. Between $40,000 and $45,000
Liquidated damage question - ANSWER -A. Owes $2,500 in liquidated damages
Purchase or Rent question - ANSWER -D. Purchasing saves $3,160
Employee paycheck question - ANSWER -B. Between $1,000 and $1,050
COMPREHENSIVE QUESTIONS AND ANSWERS
Acural basis of accounting question - ANSWER -A. $2,000
Debt to Equity Ratio question - ANSWER -C. 1.53
Return on investment question - ANSWER -B. 29.7%
VA income tax rate question - ANSWER -C. 6%
Workers comp queston - ANSWER -B. Between $200 and $400
Product A,B,C question - ANSWER -B. Between $40,000 and $45,000
Liquidated damage question - ANSWER -A. Owes $2,500 in liquidated damages
Purchase or Rent question - ANSWER -D. Purchasing saves $3,160
Employee paycheck question - ANSWER -B. Between $1,000 and $1,050
