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1 year ago

Match each organization with its correct relationship to the government.

Business

2 answers:

photoshop1234 [79]1 year ago

4 0

Answer:

a. Lockheed Martin is a government contractor

b. Amtrak is a government corporation

Explanation:

a. Lock heed Martin as a Government Contractor

A government contractor is a company that does contracts predominantly supplied by the government. The contracts are financed by the government mostly from tax collection. These contracts vary in type whether it is defense or any other type of contract for that matter.

In the case of Lockheed Martin, this is a defense contractor that has been listed as one of the biggest government contractors over the years. It also has worldwide interest in aerospace and advanced technologies. This company was formed as a result of a merger between Lockheed Corporation and Martin Marietta on the March of 1995.

b. Amtrak as a government corporation

From these information it can be concluded that a government contractor is in most cases is a private company that bids for tenders from the government. The bidding process is usually open to all qualified companies. After thorough assessment of these bids, the government awards the contract to the most qualified company. In the case of Lockheed Martin, the government usually requires a specialized skills in aerospace, and defense.

A government corporation on the other hand is a huge company that is there majorly for the interest of the public. It is usually partly owned by the government therefor receives a combination of state and federal subsidies. It is also usually for non-profit purposes since it is formed for the benefit of the public. The National Railroad Passenger Corporation which does it's business with the name Amtrak is a railway corporation formed in 1971 and is partly owned by the government. It provides railway services of transporting people and goods connecting many states. It therefor serves as a government corporation.

Gelneren [198K]1 year ago

3 0

Answer:

Securities and Exchange Commission (SEC)

- government agency

Amtrak

-government corporation

Lockheed Martin

- government contractor

Explanation:

Apex

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WRT, a calendar year S corporation, has 100 shares of outstanding stock. At the beginning of the year, Mr. Wallace owned all 100

liq [111]

Answer:

income = $215970.5

Explanation:

given data

Wallace own = 100 share

time = 273 days ( 1 january to 30 september )

Wallace remaining share = 100 - 40 - 25 = 35 share

time remaining = 92 days ( 365 - 273 )

brother share = 25

time = 92 days ( 1 october to 31 december )

daughter share = 40

time = 92 days ( 1 october to 31 december )

ordinary income = $216000

to find out

income

solution

we find first ordinary income per share that will be

ordinary income per share = income / total share

ordinary income per share = 216000 / 100

ordinary income per share = $2160

and

ordinary income per share will be = 2160 / 365 = 5.917 per share per day

income of Wallace is

share ×time period × per share per day

= 100×273 × 5.917 = $161534.1 .....................1

= 35×92 × 5.917 = $19052.74 .....................2

income of brother

share ×time period × per share per day

= 25×92 × 5.917 = $13609.1 .....................3

income of daughter

share ×time period × per share per day

= 40×92 × 5.917 = $21774.56 .....................4

so now income will be by adding equation 1, 2 , 3 and 4

income = 161534.1 + 19052.74 + 13609.1 + 21774.56

income = $215970.5

4 0

2 years ago

For the next 2 questions, use the financials of Acme Corporation. After adjusting revenue for accounts receivable and deferred r

Mekhanik [1.2K]

Answer: B. $892.1 million

Explanation:

The Revenue was $939,393 million

When calculating how much cash was generated any increase to the Accounts Receivables is removed from the revenue because it signifies that more sales were made on credit and so have not given the business cash yet.

Any increase in Deferred Revenue must be added because this is Cash that has been given to the business but for accrual purposes cannot be recognized yet. Bottomline however, the Cash has been received.

Increase in Receivables = 309,196 - 221,504

= $87,692 million

Increase in Deferred Revenue= 374,730 - 334,358

= $40,372 million

The Cash generated is therefore;

= 939,393 - 87,692 + 40,372

= $892,073

= $892.1 million

I have attached the Financial Statements of Acme Corporation.

6 0

2 years ago

Given a prior forecast demand value of 1,100, a related actual demand value of 1,000, and a smoothing constant alpha of 0.3, wha

Korvikt [17]

Answer:

1,030

Explanation:

Calculation for what is the exponential smoothing forecast value

Exponential smoothing forecast value = 1,000 + 0.3 x (1,100-1,000)

Exponential smoothing forecast value = 1,000 + 0.3 x (100)

Exponential smoothing forecast value = 1,000 + 30

Exponential smoothing forecast value= 1,030

Therefore the exponential smoothing forecast value will be 1,030

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2 years ago

You recently were hired as a front line debt collection agent for a debt collection service in Michigan. Your boss assigns you t

Softa [21]

Answer:

need

Explanation:

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2 years ago

The following information is taken from French Corporation's financial statements:

defon

Answer and Explanation:

The preparation of the cash flows statement is presented below:

Cash flow from operating activities

Net income $78,300

Adjustments in net income

Add: Amortization of patents $5,000

Add: Depreciation expense $19,000

Less: Increase in prepaid expense ($700)

($7,500 - $6,800)

Less: Increase in accounts receivable ($20,600)

($102,000 - $80,000) - ($4,500 - $3,100)

Decrease in Inventory $15,000

($160,000 - $175,000)

Increase in accounts payable $6,000

($90,000 - $84,000)

Decrease in accrued liabilities ($9,000) $14,700

($54,000 - $63,000)

Cash flow from operating activities $93,000

Cash flow from Investing activities

Sales of patents 10,000

($20,000 - $35,000) - $5,000)

Land purchased ($40,000 )

($100,000 - $60,000)

Building purchased ($50,000)

($294,000 - $244,000)

Cash flow from Investing activities ($80,000)

Cash flow from Financing activities

Bonds purchased $65,000

($125,000 - $60,000)

Common stock

Additional paid in capital

Dividend paid ($35,000)

Treasury stock ($7,000)

($15,000 - $8,000)

Net Cash flow from Financing activities $23,000

Net Cash flow $36,000

($93,000 - $80,000 + $23,000)

Add Beginning cash and cash equivalent $27,000

Ending cash and cash equivalent $63,000

($36,000 + $27,000)

Therefore, we represent the negative value is cash outflow while the positive value is cash inflow.

5 0

2 years ago