- Study guides, Class notes & Summaries

Product A,B,C question - correct answer B. Between $40,000 and $45,000 Liquidated damage question - correct answer A. Owes $2,500 in liquidated damages Purchase or Rent question - correct answer D. Purchasing saves $3,160 Employee paycheck question - correct answer B. Between $1,000 and $1,050 Acural basis of accounting question - correct answer A. $2,000 Debt to Equity Ratio question - correct answer C. 1.53 Return on investment question - correct answer B. 29.7% VA ...

A contractor does not notify a change of address and so does not receive a timely Notice of Renewal. Who is responsible for when the contractor does not renew his license on time? - correct answer The Licensee Contractor A Designated Employee should be? - correct answer At least 18, Full Time, Passed Required Exams What is the initial Recovery Fund fee? - correct answer $25.00 If a contractor ears more that $_______ per year, then the contractor is required to have a Class A. - corr...

A lump sum contract on a project has a total contract price of $160,000. Retainage has been held back at 10%. The contractor has received progress payments for 75% of the project. The contractor submits a request for final payment for the new completed project. The final payment amount should be for... - correct answer More than $50,000 What is the total value of current assets for an accrual basis company that has the following? Checking account cash balance is $4,800; materials inventory f...

Pass your Virginia Contractors – VA Advanced (Class A) License Exam with confidence using this Fall Semester 2025–2026 comprehensive and verified study guide, featuring 235+ real exam-style practice questions with correct answers and detailed explanations. This all-in-one Virginia Contractor License test bank covers business management, project supervision, contract laws, cost estimation, safety regulations, lien laws, and Virginia code compliance—aligned with DPOR Class A licensing requir...

1. A lump sum contract on a project has a total contract price of $160,000. Retainage has been held back at 10%. The contractor has received progress payments for 75% of the project. The contractor submits a request for final payment for the new completed project. The final payment amount should be for...: More than $50,000 2. The owner requests for change which will cost the contractor $15,000 in labor and materials and $2,250 in overhead costs. With the change, the contractor would be relieve...

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