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katen-ka-za
2 months ago
14

You are a COR and your contract for a critical barracks construction project is three weeks behind schedule. Two hundred soldier

s are due to arrive on the scheduled completion date. If the barracks are not available, the soldiers will have no living quarters. What should the COR look for in the contract that protects the government's best interest, i.e. paying for the housing of the 200 soldiers?
Business
1 answer:
Mariulka [3.8K]2 months ago
5 0

Answer:

The Contracting Officer's Representative (COR) needs to examine the contract provisions that detail which party is responsible for the costs that arise due to delays in contract delivery.

To safeguard the government’s interests regarding expenses linked to housing 200 soldiers for three weeks, it is crucial to determine whether the contract specifies that the contractor is liable for those housing costs. Additionally, who caused the delay?

Explanation:

Construction contracts typically involve costs when deadlines are not met. Such costs may arise if the asset is not ready for use as planned, necessitating temporary alternatives. How will these gaps be addressed? Which party is liable for the delays? Are there contract clauses that outline who is responsible for unforeseen delays?

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A contribution income statement for the Nantucket Inn is shown below. (Ignore income taxes.) Revenue $ 2,000,000 Less: Variable
Scilla [3833]

Solution

1.Hotel’s cost structure          Indications in percentage(%)

Revenue                                     $ 2,000,000                          (100)

Less: Variable expenses            $ 1,300,000                            65

                                                    --------------------

Contribution margin                       $700,000                            

Less: Fixed expenses                   $560,000                            28

                                                    ---------------------

Net income                                       $140,000                            7

2.Revenue declines by 30 percent

Revenue                                     $ 1,400,000   (2,000,000×70÷100)                  

Less: Variable expenses               $910,000   ( 1,300,000 ×70÷100)                                                                                  

                                                   ---------------------

Contribution margin                       $490,000     ( 700,000 ×70÷100)              

Less: Fixed expenses                   $392,000     ( 5,60,000 ×70÷100)                      

                                                    ---------------------

Net income                                       $98,000     ( 140,000 ×70÷100))      

3.Operating leverage factor when revenue is $2,000,000    

       Operating leverage =    Contribution/ Net income

                                             =700,000÷ 140,000=5

4.Operating leverage factor when increase in revenue by 25 percent  

increase in revenue by 25 percent= 2,000,000×25÷100 = 500,000

increase in contribution by 25 percent= 700,000×25÷100=175,000

increase in net income by 25 percent  =140,000×25÷100=35,000                                                  

       Operating leverage =    Contribution/ Net income

                                         = 875,000 ÷ 175,000 = 5

3 0
1 month ago
Hippo, Lion, and Possum must decide how to split up the three bedrooms (big, medium, and small) in the house that they are renti
arsen [3447]

Answer:

None of the distributions are optimal

Explanation:

None of the distributions are optimal

Justification: All three players have the same preference for the bedrooms: they rank the large room as most valuable, the medium room as moderate, and the small room as least desirable. Each player desires the large room to enhance their overall satisfaction and payoff. Distributing the large room to one player, the medium room to another, and the small room to the last player without additional compensation will likely result in feelings of jealousy among them.

7 0
1 month ago
An economy produces only 1,000,000 computers valued at $2,000 each. Of these, 200,000 are sold to consumers, 300,000 are sold to
soldi70 [3635]

Answer:

$2.0 billion

Explanation:

The Gross Domestic Product comprises the total monetary value of all goods and services produced within a country over a defined time period.

The formula for GDP is

GDP = consumption + government spending + investment + (exports - imports)

200,000 units are sold to consumers

300,000 units are sold to businesses

300,000 units are sold to government entities

100,000 units are exported

100,000 units remain in inventory

GDP= {200,000 + 300,000 + 300,000 + 100,000 + (100,000 - 0)} * $2,000

GDP = 1,000,000 * 2000

GDP = $2 billion

4 0
1 month ago
The revenues and expenses of Zenith Travel Service for the year ended August 31, 20Y4, follow:
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Answer:

Zenith Travel Service

Owner's Equity Statement for the year concluded on August 31, 20Y4:

Equity as of September 1, 20Y3 = $456,000

Additional investment                           43,200

Retained Earnings                                 (8,400)

Drawings                                              (21,600)

Equity as of August 31, 20Y4        $469,200

Explanation:

a) Data and Calculations:

Additional investment = $43,200

Personal withdrawals = $21,600

Income Statement for the year ending August 31, 20Y4:

Fees earned                                   $899,600

Office expenses             353,800

Miscellaneous expenses 14,400

Wages expenses           539,800     908,000

Net income/Retained earnings      ($8,400)

b) The statement of owner's equity for Zenith illustrates the modifications within the equity area of its balance sheet during the financial year concluding August 31, 20Y4. Essentially, it exhibits the occurrences impacting Megan Cox's equity from September 1, 20Y3 to August 31, 20Y4.

8 0
1 month ago
You’ve dreaded it for a while, but now you feel prepared. In 30 minutes you’ll have to terminate Tim, a 12-year employee who is
Nady [3600]

Answer: Tone of communication

Explanation: The tone of voice reflects the emotions underlying your message. Even if your vocal tone remains unchanged, the way you communicate with someone matters. For instance, if you’re frustrated, your tone may come off as harsh; when you are happy, your tone may convey delight.

In summary, tone represents the demeanor of speakers when addressing their audience. It reveals the speaker's maturity and manner of handling situations.

Thus, we can conclude that tone is crucial in this scenario, as the recipient of the message can be emotionally influenced by the conveyed information.

6 0
1 month ago
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