Answer:
Correct option is (c)
Explanation:
In international market contract manufacturing is when one firm manufactures goods under another firm's label or brand. Under this type of manufacturing, a company seeks another company in a different country to manufacture goods for it. This is done as the it could be costly to manufacture goods in home country in terms of human resources and raw materials.
So, contract manufacturing, also called international outsourcing or international sub-contracting is a cost-effective way of manufacturing goods.
Answer: the correct answer is D) Contract asset: $0, contract liability: $380,000, accounts receivable, $0.
Explanation: Contract asset is $0 because the asset belongs to the company that has the equipment which is Packard Associates. Gupta has a liability of $380,000 because it has to deliver the equipment. Accounts receivable are $0 because the equipment hasn't been delivered yet.
Answer:
vii) Which of the following best describes the company-related considerations (beyond software type) for the choice of a process methodology in a software project?
1. Company size and culture and geographic team distribution
2. Start-up vs established company
3. Software size
4. Risk-taking vs. bureaucracy
Explanation:
S-corporation business ownership
What is S-corporation?
S corporations are the corporations that elect to pass corporate income, losses,or deductions, and credits through to their shareholders for federal of taxes purposes.
Shareholders of S corporations report the flow through of the income and losses on their personal tax returns and are assessed tax at their individual income tax rates.
Learn more about S corporations here
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