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svet-max [94.6K]
3 years ago
14

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 <em>government contract</em> 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 <u><em>its main characteristic is that those type of contracts involve a party that is a government entity</em></u>.  

On the other hand, a <em>government contractor</em> 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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<h3>What is a Trial Balance?</h3>

Please, note that the original worksheet is not attached, hence the general answer.

This, in financial accounting, refers to the statements or records of all credits and debits in a double-entry accounting book which includes all errors or disagreements between figures and accounts.

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How are manufacturers trying to reverse or counteract the negative environmental impacts of manufacturing? (Select all that appl
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8 0
2 years ago
On September 11, 2016, Home Store sells a mower for $590 with a one-year warranty that covers parts. Warranty expense is estimat
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Answer:

Sep 11

Dr Cash 590.00

Cr Sales 590.00

Dec 31

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Cr Estimated warranty liability 59.00

July 24

Dr Estimated warranty liability 41.00

Cr Repair parts inventory 41.00

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Home Store Journal entry

Sep 11

Dr Cash 590.00

Cr Sales 590.00

Dec 31

Dr Warranty expense (590*10%) 59.00

Cr Estimated warranty liability 59.00

July 24

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4 0
3 years ago
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Fabricating Department budgeted direct labor = $9,280

Depreciation remains constant at any level of production.

Budgeted labor rate = Budgeted direct labor ÷ Hours of production

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Direct labor cost = completed hours of production × Budgeted labor rate

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3 years ago
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