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grandymaker [24]
3 years ago
14

Who must make the determination to cancel an invitation for bids after bid opening?

Business
1 answer:
Maksim231197 [3]3 years ago
5 0

Answer to this Question is A): Contracting Officer

Explanation:

Contracting officer can cancel an invitation for bids after the formal bid opening. He can do it certainly, but after following a mentioned criteria. To fulfill that criteria he must make the determinations in writing which are required by the rules. (FAR - section 14 followed in 404 paragraph 1 (C) and next (e) 1. This is the only option left with the contracting officer when the bids have opened on the announced date. Furthermore, bid can still be cancelled if the offer has been received.

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Which government agency has the authority to ban or seize potentially harmful products and set severe penalties for violation of
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Answer: (a) FOOD AND DRUG ADMINISTRATION (FDA)

Food and Drug Administration (FDA) is a federal agency of the USA that protects and promotes public health. It also looks over food safety, drug safety, etc. various laws are included in FDA such as Public Health Service Act, Federal Anti-Tampering Act, etc.
4 0
2 years ago
What document is a summary of the money a company brought in (revenue) and what it paid out (expenses)?
alexgriva [62]

The income statement shows a detailed picture of the transactions of all revenue and expenses. The income summary account then summarizes these figures in order to produce the statement of retained earnings. Both the income statement and income summary show the revenue and expenses of a company.

4 0
3 years ago
A company began the year with assets of $117,000, liabilities of $28,500, and stockholders' equity of $88,500. During the year a
algol [13]

Answer:

Change in liabilities = $33,300

Explanation

<em>According to the accounting equation, assets is equal to liabilities + equity. And this equation can be re-written as:</em>

Liabilities = assets - equity

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Assets at the end= 117,000 + 56,700= 173,700

Equity at the end = 88,500 + 23,400 = 111,900

Liabilities at the end = 173,700 - 111,900=61800

Change in liabilities = Liabilities at the end - Liabilities at the beginning

Change in liabilities = 61,800 - 28,500= $33,300

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How much ever percent she cuts so will the value of her sales
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