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3 years ago

What makes government contracts unique?

Business

2 answers:

faust18 [17]3 years ago

7 0

Answer:

The correct answer is the option D: They create obligations normally applied to government agencies.

Explanation:

On one hand, a government contract is the name given by law to the situation where to parties compromise themself with each other and where one of them is a government agency, therefore that its main characteristic is that those type of contracts involve a party that is a government entity.

On the other hand, a government contractor is the name that tends to receive the company, privately owned or publicly trade but not a state owned enterprise, whose characteristic is that it produces goods or services under contract for the government only.

Vika [28.1K]3 years ago

5 0

They create obligations normally applied to government agencies

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On March 1st, Mr. Smithe signed up for a fitness program at Fit Co. and paid $960 for the entire program upfront. The program in

vichka [17]

Answer:

Revenue - March = $160

Explanation:

The accrual principle in accounting states that the revenues for a period should match the expenses for that particular period and any revenue or expense should be recorded in the period to which it relates to. This means that the upfront fee received by Fit Co. is a liability and should not be recorded as a revenue until it is earned. So, by providing two sessions in the month of March, Fit Co. has earned revenue for 2 sessions out of the twelve. Thus, at the end of March, Fit Co. should record a revenue of,

Revenue - march = 960 * 2/12 = $160

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3 years ago

The following labor standards have been established for a particular product:

andrey2020 [161]

Answer:

Results are below.

Explanation:

To calculate the direct labor rate and efficiency variance, we need to use the following formulas:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (17.7 - 17.8)*7,600

Direct labor rate variance= $760 unfavorable

Actual rate= 135,280/7,600= $17.8

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (4*1,800 - 7,600)*17.7

Direct labor time (efficiency) variance= $7,080 unfavorable

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3 years ago

In marketing, the term __________ is used to describe the number of stores in a geographical area—and type of intermediaries to

HACTEHA [7]

The answer would be geomarketing. The type of intermediaries that can be utilized are as follows:

1. retailers- outlets that trade directly to household customers

2. wholesalers- their main purpose is to sell to retailers

3. distributors- similar to wholesalers but sell one line of product only

4. agents- main purpose is to act as the main representative of the company

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3 years ago

Green Earth, an environmental organization in Oklahoma, recently recruited Phyllis Galvan as a project coordinator. Galvan's man

kotegsom [21]

Answer:

E) emotional contagion

Explanation:

Based on the scenario being described within the question it can be said that this example is demonstrating the concept known as emotional contagion. This concept refers to the process in which the emotions being experienced by an individual are caused by the emotions felt by others. Which is exactly what is happening in this scenario since Galvan's positive emotions are causing her colleagues to started behaving more positively as well.

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3 years ago

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Kobotan [32]

Answer: B

Explanation: There is an unlimited amount of wants but limited amount of resources

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3 years ago