All categories

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

You might be interested in

Turnbull Corp. is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash f

Sergio039 [100]

Answer:

$14 mil.

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

Cash flow in year 0 = $-30 million

Cash flow in year 1 = $13,000,000

Cash flow in year 2 = $23,000,000

Cash flow in year 3 = 29,000,000

I = 20%

NPV = $13,587,630

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

3 0

1 year ago

Klumper Corporation is a diversified manufacturer of industrial goods. The company’s activity-based costing system contains the

yanalaym [24]

Answer:

K425= $1,874

M67= $10,540

Explanation:

Giving the following information:

Activity Cost Pool Activity Rates

Supporting direct labor $ 6 per direct labor-hour

Machine processing $ 4 per machine-hour

Machine setups $ 50 per setup

Production orders $ 90 per order

Shipments $ 14 per shipment

Product sustaining $ 840 per product

Total Expected Activity

K425 M67

Number of units produced per year 200 2,000

Direct labor-hours 80 500

Machine-hours 100 1,500

Machine setups 1 4

Production orders 1 4

Shipments 1 10

Product sustaining 1 1

To allocate overhead to each product, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

K425= (6*80) + (4*100) + (50*1) + (90*1) + (14*1) + (840*1)

K425= $1,874

M67= (6*500) + (4*1,500) + (50*4) + (90*4) + (14*10) + (840*1)

M67= $10,540

5 0

1 year ago

Washington inc. issued $705,000 of 6%, 20-year bonds at 98 on January 1, 2009. Through January 1, 2017, Washington amortized $8,

cestrela7 [59]

Answer:

$20,000

Explanation:

Bond discount at the issuance of bond:

= Worth of Bonds issued - [(Worth of Bonds issued ÷ 100) × Issue price]

= 705,000 - [($705,000 ÷ 100) × 98]

= $705,000 - $690,900

= $14,100

Bond Payable = $705,000

Unamortized bond discount:

= Bond discount at the issuance of bond - Amortized amount

= $14,100 - $8,200

= $5,900

Redemption Value of Bond = Retired price of bonds × 7,050

= 102 × 7,050

= $719,100

Loss on retirement on Bond:

= Redemption Value of Bond - (Worth of Bonds issued - Unamortized bond discount)

= 719,100 - (705,000 - 5,900)

= 719,100 - 699,100

= $20,000

6 0

1 year ago

When organizations pollute the local community, _____ occurs as housing values decline, wealthy owners move, and neighborhoods b

Papessa [141]

Answer:

Gentrification occurs as the......

8 0

1 year ago

Salaries Expense before adjustment at September 30, the end of the fiscal year, has a balance of $140,000. The amount of accrued

MatroZZZ [7]

Answer:

income summary 143,100 debit

salaries expense 143,100 credit

Explanation:

The company will do an adjusting entry to reocrd the expense for the accrued but not payed salaries of the year:

salaries expense 3,100 debit

salaries payables 3,100 credit

Thus, the total slaries expense for the year would be:

140,000 + 3,100 = 143,100

To close we will leave the expenses balance at zero thus, we will credit this amount against an auxiliary account called income summary.

5 0

1 year ago