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Question - On a contract that includes certified cost or pricing data, a Defense Contract Audit Agency (DCAA) audit confirms that one of the subcontractors submitted cost or pricing data that were inaccurate. This defective data resulted in overpayments by the government of $2 million. Further investigation reveals the subcontractor was aware of the inaccuracy, but the prime contractor was not. What recourse does the government have?
Charge the prime contractor $6 million plus interest compounded daily until the overpayment is repaid
Charge the subcontractor $2 million plus interest compounded daily until the overpayment is repaid
Charge the subcontractor $4 million plus interest compounded daily until the overpayment is repaid
Charge the prime contractor $4 million plus interest compounded daily until the overpayment is repaid
Calculate the effective interest rate associated with the loan. (Round answer to the nearest whole percentage.) What net amount is received on 1 January 20X8.
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frank a widower had a serious stroke and is no longer capable of caring for himself. he has three sons all of whom live
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