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Brown Products produces automobile anti-collision safety equipment. Preliminary Government tests have demonstrated that four of five accidents at speeds of 50 miles per hour or more can be prevented by using a system built by Brown to rigorous Government requirements. You just completed a $3,600,000 acquisition of 500 systems for full-scale testing. Now another Government organization has requested 250 additional test systems. During the acquisition of the 500 systems, your office required Brown to submit extensive detailed cost or pricing data. The technical and audit analyses took months to complete. It seems like overkill to go through all that again only one month after contract award. That is especially true since the requiring activity needs the system for testing as soon as possible. This system has not hit the commercial market yet. It is still too expensive and there are questions about system maintenance and repair that have not been resolved. When the system is approved, the Government will release full specifications to the automobile industry. Experts expect that full commercial use will save 10,000 lives a year and reduce automobile property damage by millions of dollars. To expedite the acquisition process, Brown has requested a waiver of solicitation requirements for cost or pricing data. Answer the following questions: 1. Based on the facts presented above, could you waive the requirement for cost or pricing data, why or why not? 2. Based on the previous acquisition, you expect HiTech Systems will receive a $90,000 subcontract for component production. If you do waive the requirement for Brown to submit cost or pricing data, would HiTech be required to submit cost or pricing data, why or why not? 3. If you waive the requirement, w
Write down a 3-5 pg paper comparing and contrasting Federal and state tax research. Examine the different constitutionality challenges with regard to Federal and state taxes.
presented below is information related to zonker company.1. on july 6 zonker company acquired the plant assets of
Prepare journal entries necessary for Crane during 2007 and 2008 to account for the transactions described above.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
what we know charlie sells around 12 cases of hamburgers weekly. each case contains 80 hamburgers. each hamburger patty
During 2010, one of the customers of Klote company declared bankruptcy. This customer had been a major purchaser of Klote's products and had owed $40,000 on account to Klote (a material portion of its receivables) at the time of bankruptcy.
During the year, National sold 48,000 washing machines and paid warranty costs of $340,000. In its income statement for the year ended December 31, National should report warranty expense of
complete the tables and answer the questions.a. single sum rate time compounding frequency interest
Actual selling price: $7.50, $10.50. Budgeted selling price: $5.50, $10.50. Actual Sales Mix: 69%, 31%. Budgeted Sales Mix: 75%, 25%. What is the total sales-volume variance of revenues?
A city received supplies that had been previously encumbered. The supplies were encumbered for $5,000 and had an actual cost of $4,900. To recognize this event the county should make which of the following entries?
The preferred stockholders were paid $20,000 for each of 2010 and 2009 years respectively. What is the amount of dividends common shareholders will receive in 2011?
Calculate the book value of a three-year-old machine that has a cost of $21,000, has an estimated residual value of $1,000 and an estimated useful life of 40,000 machine hours
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