Answer: a. Under a personal services contract, the contractor’s personnel are subject to the supervision and control that prevails in relationships between the Government and its employees.
Explanation:
A personal service contract operates as though there is an employer-employee relationship between the Government and personnel under the contractor hired for the project.
This means that the contractor's personnel will be subject to the same supervision and controls that the government puts its own employees under.
Total variable cost at 7100=7100(590730/7000)=599169fixed cost=372750total cost=599169+372750=971919
Answer:
probably not paying it off in time or something
Explanation:
Answer:
Net decrease in prepaid expenses of $30,000 will be added to the net income in adjustments to net income because it will be considered that working capital (inventory or any other expense) has been generated by the operations.
Net decrease in Accounts payable of $20,000 will be deducted from net income in adjustments to net income because decrease in accounts payable means that cash has been paid to the outstanding payables.
Net effect of the above transactions is $30,000 - $20,000 = $10,000
So, net income will be increased by $10,000 as net effect of the above adjustments.
