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1A contract estimates 2 days to ready the site, then two phases that may run at the same time — phase one takes 10 days and phase two takes 7 days — plus 1 day at the end to clean up. How many days will the project take?
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2A builder starts a company with $100,000 in cash and other assets. A year later the income statement shows sales of $85,000 and net profit of $9,500. The return on investment was:
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3On a home improvement contract over $500, how much may a contractor require as a down payment under the Business and Professions Code?
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4After the owner files a Notice of Completion, subcontractors and material suppliers must file their mechanics' liens within:
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5A Stop Notice, which is a claim for payment by a subcontractor, inhibits payment from:
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6A C-53 Swimming Pool contractor must keep what bond (or cash) on file with the Registrar to maintain a valid license?
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7Before starting work on any building constructed prior to ____, a contractor must first determine whether asbestos is present in the work area.
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8A company purchases its own building. Depreciation must be calculated using:
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9Unless there is a lawful excuse, a contractor must start a job within ____ days of the date stated in the contract or be guilty of a misdemeanor.
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10A developer buys land for $750,000: $100,000 cash now and a $650,000 mortgage due in 5 years with 10% interest payable quarterly. How much cash does the purchaser need at closing?
