A notice spreadsheet shows noticed amounts of $8,400, $6,950, and $12,100. What total noticed amount should be tracked?
Correct Answer
D) $27,450.
The total noticed amount is $8,400 + $6,950 + $12,100 = $27,450.
Why This Is the Correct Answer
The total noticed amount is $8,400 + $6,950 + $12,100 = $27,450.
Why the Other Options Are Wrong
Option A: $27,200.
$27,200. is below the supported result for lien exposure calculation; it likely omits part of the approved scope, cap, credit, or holdback.
Option B: $26,950.
$26,950. is below the supported result for lien exposure calculation; it likely omits part of the approved scope, cap, credit, or holdback.
Option C: $32,450.
$32,450. is above the supported result for lien exposure calculation; it likely adds scope or money the rule does not allow.
Memory Technique
Noticed before dollars; dollars before balance in Totaling Preliminary.
Reference Hint
Study anchor (closed-book): memorize Lien exposure calculation from CSLB mechanics lien guidance; California Civil Code / California Civil Code mechanics lien payment controls; know the rule or calculation trigger without relying on exam-room lookup.
More Law & Business Questions
A Fresno homeowner wants a $725 cabinet repair and trim adjustment. Which contract step best matches CA home improvement requirements?
A project has $6,500 retainage withheld. The owner releases 60 percent of retainage at substantial completion. How much cash is released?
Cash is $52,500 and monthly burn is $17,500. How many months of runway are available?
A supplier offers 1.5 percent early-pay discount on a $22,000 invoice. What is the discount?
A balance sheet lists assets of $310,000 and liabilities of $185,000. What is owner's equity?
A job is estimated to cost $135,000. What price gives a 25 percent gross margin?
A customer invoice of $4,000 has a stated late charge of 1.5 percent. What late charge is added?
A bid has direct labor of $18,000, materials of $12,500, and equipment rental of $3,500. If the contractor adds 20 percent markup on direct cost, what is the bid price?
A contractor wants a 25 percent gross margin on a job with estimated cost of $60,000. What selling price gives that margin?
A completed project sold for $150,000 and had total cost of $126,000. What gross margin percentage did the project earn?