VA Contractor General Questions &
SOLUTIONS (RATED A)
Working Capital - ANSWER current assets - current liabilities
Bid Price - ANSWER (Dir Cost * 100 ) / (100-%)
Equity - ANSWER Assets - Liabilities
Debt to Equity Ratio - ANSWER Total Debt/Total Equity
Quick Ratio - ANSWER (Current Assets - Inventory) / Current Liabilities
Return on Invest - ANSWER Net Income / Total Assets
Class A min net worth and Application Fee - ANSWER $45,000 and $385
Class B min net worth and Application Fee - ANSWER $15,000 and $370
Working Capital - ANSWER current assets - current liabilities
Accrual Basis Accounting - ANSWER reporting income when it is earned
Cash Method - ANSWER revenue is not recorded until cash (or a check) is actually received
Quick Ratio - ANSWER (Current Assets - Inventory) / Current Liabilities
, Return on Investment Ratio - ANSWER net income/ total assets
Max Bond - ANSWER Working Capital x10
Assets - ANSWER Liabilities + Owner's Equity
Working Capital - ANSWER current assets - current liabilities
Bid Price - ANSWER (Dir Cost * 100 ) / (100-%)
Equity - ANSWER Assets - Liabilities
Debt to Equity Ratio - ANSWER Total Debt/Total Equity
Quick Ratio - ANSWER (Current Assets - Inventory) / Current Liabilities
Return on Invest - ANSWER Net Income / Total Assets
Class A min net worth and Application Fee - ANSWER $45,000 and $385
Class B min net worth and Application Fee - ANSWER $15,000 and $370
Working Capital - ANSWER current assets - current liabilities
Accrual Basis Accounting - ANSWER reporting income when it is earned
Cash Method - ANSWER revenue is not recorded until cash (or a check) is actually received
Quick Ratio - ANSWER (Current Assets - Inventory) / Current Liabilities
SOLUTIONS (RATED A)
Working Capital - ANSWER current assets - current liabilities
Bid Price - ANSWER (Dir Cost * 100 ) / (100-%)
Equity - ANSWER Assets - Liabilities
Debt to Equity Ratio - ANSWER Total Debt/Total Equity
Quick Ratio - ANSWER (Current Assets - Inventory) / Current Liabilities
Return on Invest - ANSWER Net Income / Total Assets
Class A min net worth and Application Fee - ANSWER $45,000 and $385
Class B min net worth and Application Fee - ANSWER $15,000 and $370
Working Capital - ANSWER current assets - current liabilities
Accrual Basis Accounting - ANSWER reporting income when it is earned
Cash Method - ANSWER revenue is not recorded until cash (or a check) is actually received
Quick Ratio - ANSWER (Current Assets - Inventory) / Current Liabilities
, Return on Investment Ratio - ANSWER net income/ total assets
Max Bond - ANSWER Working Capital x10
Assets - ANSWER Liabilities + Owner's Equity
Working Capital - ANSWER current assets - current liabilities
Bid Price - ANSWER (Dir Cost * 100 ) / (100-%)
Equity - ANSWER Assets - Liabilities
Debt to Equity Ratio - ANSWER Total Debt/Total Equity
Quick Ratio - ANSWER (Current Assets - Inventory) / Current Liabilities
Return on Invest - ANSWER Net Income / Total Assets
Class A min net worth and Application Fee - ANSWER $45,000 and $385
Class B min net worth and Application Fee - ANSWER $15,000 and $370
Working Capital - ANSWER current assets - current liabilities
Accrual Basis Accounting - ANSWER reporting income when it is earned
Cash Method - ANSWER revenue is not recorded until cash (or a check) is actually received
Quick Ratio - ANSWER (Current Assets - Inventory) / Current Liabilities
