VA CONTRACTORS LATEST VA ADVANCED
(CLASS A) ACTUAL EXAM WITH COMPLETE
QUESTIONS AND ACCURATE SOLUTIONS
GRADED A+
Which of the following would typically be covered by a
contractor's comprehensive general liability insurance policy?
Correct Answer Damage to adjoining property from a crane
accident
What is the total gross compensation and employment status for
a carpenter, given the following information? A contractor hires a
carpenter to do the finish work for a 10-home project. The
carpenter is to be paid $16 per hour. The contractor provides all
materials and equipment, such as a table saw. The carpenter
provides all of his own hand tools. The contractor and the
carpenter agree that all of the homes are to be completed within
60 8-hour working days, without overtime. The contractor
provides the carpenter with a schedule of the order in which
homes are to be worked on. The contractor provides a helper to
assist the carpenter. The contractor sets the work schedule each
day. The carpenter spends 600 hours to complete this project,
including 120 hours of overtime. Correct Answer The carpenter is
an employee and is owed $10,560 for the project
, What is the name of the process when a facilitator meets with the
major participants in a project, prior to the commencement of the
project, to identify the shared goals of all participants? Correct
Answer Partnering
What is the average collection period ratio for a firm that has
$365,000 in annual revenues, $6,600 in current receivables, and
net income of $32,000? Correct Answer 6.6
Who oversees compliance with Material Safety Data Sheets?
Correct Answer OSHA
A non-exempt employee of a contractor covered by the Fair Labor
Standards Act works 60 hours during a workweek. The agreement
is to pay the employee $400 each week regardless of the
numbers of hours worked. What should be the employee's gross
pay for the worksheet? Correct Answer $700.50
In the previous year, a company had revenues of $500,000
project overhead of $40,000 and company overhead of $75,000.
The company expects the percentage for project and company
overhead to remain the same for the current year. The company
desires to make a 10% profit on a project it is bidding. The project
would have $80,000 in direct costs. What should the bid price be?
Correct Answer Between $110,000 and $120,000
(CLASS A) ACTUAL EXAM WITH COMPLETE
QUESTIONS AND ACCURATE SOLUTIONS
GRADED A+
Which of the following would typically be covered by a
contractor's comprehensive general liability insurance policy?
Correct Answer Damage to adjoining property from a crane
accident
What is the total gross compensation and employment status for
a carpenter, given the following information? A contractor hires a
carpenter to do the finish work for a 10-home project. The
carpenter is to be paid $16 per hour. The contractor provides all
materials and equipment, such as a table saw. The carpenter
provides all of his own hand tools. The contractor and the
carpenter agree that all of the homes are to be completed within
60 8-hour working days, without overtime. The contractor
provides the carpenter with a schedule of the order in which
homes are to be worked on. The contractor provides a helper to
assist the carpenter. The contractor sets the work schedule each
day. The carpenter spends 600 hours to complete this project,
including 120 hours of overtime. Correct Answer The carpenter is
an employee and is owed $10,560 for the project
, What is the name of the process when a facilitator meets with the
major participants in a project, prior to the commencement of the
project, to identify the shared goals of all participants? Correct
Answer Partnering
What is the average collection period ratio for a firm that has
$365,000 in annual revenues, $6,600 in current receivables, and
net income of $32,000? Correct Answer 6.6
Who oversees compliance with Material Safety Data Sheets?
Correct Answer OSHA
A non-exempt employee of a contractor covered by the Fair Labor
Standards Act works 60 hours during a workweek. The agreement
is to pay the employee $400 each week regardless of the
numbers of hours worked. What should be the employee's gross
pay for the worksheet? Correct Answer $700.50
In the previous year, a company had revenues of $500,000
project overhead of $40,000 and company overhead of $75,000.
The company expects the percentage for project and company
overhead to remain the same for the current year. The company
desires to make a 10% profit on a project it is bidding. The project
would have $80,000 in direct costs. What should the bid price be?
Correct Answer Between $110,000 and $120,000
