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.
Answer:
All Roads Lead to China
Explanation:
When you look around, you will find things from smartphones to shoes to handbags etc. all are made in China. Local manufacturers all around the world face enormous competition form China.
The question is how China is making a name for itself in every market of the world. They follow a strategy called "dumping" they seduce the local customers by providing them with the same products at considerable low prices. their strategy is to keep the prices low until they obtain a considerable amount of market share and after that they force the competitors which are mostly the locals of the country out of the business.
Another reason why China is so successful in achieving this is their government is centralized. And that centralized government encourages exports and discourages imports.
Moreover, China has cheap labor and reverse engineering is also playing its part in all roads leading to China.
Failure to adeqtuately suppky technology
Answer:
a. $5,175
Explanation:
Expected transaction price with variable consideration estimated as the expected value = $4,500 + (30%*$4,500*30%) + (10%*$4,500*60%) + (0%*$4,500*10%)
= $4,500 + $405 + $270 + $0
= $5,175
So, the expected transaction price with variable consideration estimated as the expected value is $5,175
Answer:
False
Explanation:
The after cost of debt is always lower than the before tax cost of debt. For example, a company borrows $1,000,000 and pays 7% interest per year. This results in $70,000 in interest expense before taxes = $1,000,000 x 7% = $70,000.
The after tax cost of the debt = $1,000,000 x 7% x (1 - tax rate) = $1,000,000 x 7% x (1 - 21%) = $1,000,000 x 7% x 0.79 = $55,300
