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3 years ago

Both the Government and the contractor have the option of going to court to resolve disputes between them. True False

Business

1 answer:

julia-pushkina [17]3 years ago

7 0

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.

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Jaden has a degree is marketing. She would like to run her department. She is going back to school to get a degree in:

Masteriza [31]

Answer:

Business Management

Explanation:

With Her Marketing Degree she is able to sell and get the right Customers paying the right price. To run her department she needs knowledge of business operations in Human Resource, IT, Finance , Purchase and Supply and Accounting. The Business Management degree provides these disciplines as minimal.

4 0

3 years ago

Mullin, inc, purchases supplies such as paper, and seat covers directly from manufacturers and then sells them to other firms. m

scoundrel [369]

Mullin, inc, purchases supplies such as paper, and seat covers directly from manufacturers and then sells them to other firms. mullin, inc. is a (n) wholesaler.
Distribution of goods or things to specific customer types is wholesaling. Wholesaler is a person, company or firm who buys from various producers, a large quantity of goods and then resells to retailers. There are also some types of wholesalers.

8 0

3 years ago

The board of directors of capstone inc. declared a $0.60 per share cash dividend on its $1 par common stock. on the date of decl

Liula [17]

The entry for the dividend declaration is as following:
Debit Cash Dividend $12,000
Credit Dividend Payable $12,000
To acquire the amount we must multiply the dividend per share which is 0.06 with a number of common shares issued which is 20,000. Capston, Inc have to entry this transaction as the dividend declares although the cash has not yet disbursed to comply with the accrual principle.

The treasury stock must be ignored because it is the portion of stocks which held by the company in its own treasury and the amount of authorized stock because it is not yet issued and the company doesn't have the obligation to pay that portion of stocks dividend.

3 0

3 years ago

Assume the following: The standard price per pound is $2.00. The standard quantity of pounds allowed per unit of finished goods

adell [148]

Answer:

Direct material price variance= $12,500 unfavorable

Explanation:

Giving the following formula:

The standard price per pound is $2.00.

The actual quantity of materials purchased and used in production is 50,000 pounds.

The actual purchase price per pound of materials was $2.25.

To calculate the direct material price (spending) variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2 - 2.25)*50,000

Direct material price variance= $12,500 unfavorable

6 0

3 years ago

Find the effective rate of interest to the nearest hundredth percent if $60.94 is earned in one year on a deposit of

Nata [24]

Answer:

6.25%

Explanation:

The formula for calculating interest rate is as follows

I= P x R x T

Where

I= interest, P= principal amount, T is time

in this case: I= $60.94, P=$975, T=1 year

Therefore:

$60.94 = $975 x( r/100) x 1

$60.94 =975(r/100) multiply both side by 100 to get rid of the fraction.

6094=975r

r = 6094/ 975

r = 6.2502

interest rate = 6.25%

8 0

2 years ago