VA CONTRACTORS (ADVANCED
PORTION) QUESTIONS AND ANSWERS
WELL ELABORATED
1. Product A, B, C Question
Answer: ✔✔ B. Between $40,000 and $45,000
2. Liquidated Damage Question
Answer: ✔✔ A. Owes $2,500 in liquidated damages
3. Purchase or Rent Question
Answer: ✔✔ D. Purchasing saves $3,160
4. Employee Paycheck Question
Answer: ✔✔ B. Between $1,000 and $1,050
5. Accrual Basis of Accounting Question
Answer: ✔✔ A. $2,000
6. Debt to Equity Ratio Question
Answer: ✔✔ C. 1.53
7. Return on Investment Question
Answer: ✔✔ B. 29.7%
VA income tax rate question -ANSWER✔✔C. 6%
PORTION) QUESTIONS AND ANSWERS
WELL ELABORATED
1. Product A, B, C Question
Answer: ✔✔ B. Between $40,000 and $45,000
2. Liquidated Damage Question
Answer: ✔✔ A. Owes $2,500 in liquidated damages
3. Purchase or Rent Question
Answer: ✔✔ D. Purchasing saves $3,160
4. Employee Paycheck Question
Answer: ✔✔ B. Between $1,000 and $1,050
5. Accrual Basis of Accounting Question
Answer: ✔✔ A. $2,000
6. Debt to Equity Ratio Question
Answer: ✔✔ C. 1.53
7. Return on Investment Question
Answer: ✔✔ B. 29.7%
VA income tax rate question -ANSWER✔✔C. 6%