Cost-reimbursable contracts involve payment to the supplier for direct and indirect actual costs and often include fees.
A cost-reimbursable contract is an agreement between two parties called the contractor and the owner. Here the contractor gets the reimbursement for the cost incurred while carrying out the work as per the contract, and also gets an additional fixed fee from the company or an owner.
Here the final pricing of the contract is determined later based on the underlying deal and the actual costs it took to complete a project given to the contractor.
Hence, cost-reimbursable contracts involve payment for direct and indirect actual costs.
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AWS cloud feature will help resolve this issued as<u> Elasticity.</u>
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<h3>What is elasticity ?</h3>
Elasticity is an economic measure of how sensitive one economic factor is to changes in another. For example, changes in supply or demand to the change in price, or changes in demand to changes in income.
<h3>What is Hooke's law of elasticity?</h3>
Hooke's law, law of elasticity discovered by the English scientist Robert Hooke in 1660, which states that, for relatively small deformations of an object, the displacement or size of the deformation is directly proportional to the deforming force or load.
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Answer: $107,500
Explanation:
There is an "Exclusion of gain on sale of home" provision by the IRS that allows for a single tax payer to exclude up to $250,000 from the sale of their primary home. A home qualifies as primary if the owner has lived in it for 2 years or more so Steve's home here is a primary home.
The gain he received was:
= 705,000 - 347,500
= $357,500
From this gain, $250,000 can be excluded so total gain recognized:
= 357,500 - 250,000
= $107,500
Corporate/Managers higher than him
Employees/ his staff
Customers/ people who buy from his business
Deliveries/ the people who bring shipment to his store