Answer:
True
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
A contractor can be defined as a self employed individual or business entity that provides services or work for another for an agreed fee.
This ultimately implies that, a contractor is a non-employee of the organization he provides services or work for. Some examples of a contractor are consultants, engineers, lawyers, accountants, auditors, doctors etc.
Basically, the government of a country usually employs the services of contractors for the execution of public projects and works.
Hence, both the Government and the contractor have the option of going to court to resolve disputes between them.
The biggest losers in that case were the tax payers.
Under the <span> institutional treasury management case, it involved the frauding of millions of dollars that is hidden from a certain investment account.
If not being fraud ,These millions of dollar should've resulted in about 40% tax rate that will be used by the government for the benefit of the taxpayers in the form of welfare or other infrastructures</span>
Report it to the U.S Coast Guard National Response Center
Answer:
2. False
Explanation:
The market for money is like the market for any other good: if demand is higher than supply, then, the price of money (the interest rate), will have to be lowered, so that money becomes cheaper and more abundant, and supply and demand become equal and reach equilibrium.
In this case, the centrla bank needs to lower the interest rates by buying bonds. When the central bank buys bonds, it prints more money that is put in the market, effectively increasing the supply of money, and lowering the interest rate in the meantime.
Answer:
$80,000
Explanation:
The computation is shown below:
Total depreciation expenses = $120,000 × (3 months ÷ 12 months)
= $30,000
Year end bonuses to employees = $200,000 × (3 months ÷ 12 months)
= $50,000
So, the total amount of expense would be
= $30,000 + $50,000
= $80,000
