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BUS 501 Week 4 Assignment 2 Types of Contracts and Performance-Based Acquisition (Str)<br>For more course tutorials visit<br>www.bus501.com<br><br>BUS 501 Week 4 Assignment 2 Types of Contracts and Performance-Based Acquisition<br>Business - General Business<br>Assignment 2: Types of Contracts and Performance-Based Acquisition<br>Due Week 4 and worth 110 points<br><br>Imagine that you are working on a two-million-dollar procurement for the purchase of vehicles for the fleet of trucks and cars to be used by the U.S. Department of Homeland Security, Customs and Border Protection. These vehicles will be used for off-road driving on dirt roads in Arizona. Your manager has asked you to select the type of contract to be used for the vehicle purchase. <br><br>Choose to respond to this scenario from a government or a contractor perspective. If you select government, then you will complete the assignment as if you are a government employee (or military personnel) receiving the proposal from the contractor. If you select contractor, then you will complete the assignment as if you are a contractor employee submitting a proposal to the government.<br><br>Write a four to six (4-6) page paper in which you:<br>1. Examine the types of contracts and performance-based acquisition. Select the type of contract you would like to use for the vehicle purchase.<br>2. Evaluate the pros and cons of sealed bidding contracts and negotiated contracts, emphasizing which one would be best for this purchase.<br>3. Determine the responsibilities of the contracting officer during the proposal evaluation process.<br>4. Assess the requirements for performance-based acquisitions. <br>5. Create requirements for the vehicle purchase that could be included in a performance-based contract with rationale.<br>6. Use at least four (4) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.<br>
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BUS 591 ASH Courses • BUS 591 Week 1 DQ 1 Generally Accepted Accounting Principles (G.A.A.P.). • BUS 591 Week 1 DQ 2 Annual Reports • BUS 591 Week 1 Homework Problems • BUS 591 Week 2 DQ 1 Debits and Credits • BUS 591 Week 1 DQ 1 Generally Accepted Accounting Principles (G.A.A.P.). • Generally Accepted Accounting Principles (G.A.A.P.). Briefly discuss Generally Accepted Accounting Principles or G.A.A.P. What are they? What is their purpose? Name the U.S. and international standard-setting bodies that established these principles. Are all companies required to follow these principles? Why BUS 591 Entire Course (Ash) BUS 591 Week 1 DQ 1 Generally Accepted Accounting Principles (G.A.A.P.). (Ash)
BUS 591 ASH Courses • Annual Reports. Visit the website for Tootsie Roll (www.tootsie.com). Click on “Company Information” then “Financial Information”. Open the latest annual report and review it to find the answers to the following questions: • BUS 591 Week 1 Homework Problems • Week One Homework Problems. Complete the following Workbook Template Week One or you may complete the Problem 1-3B on page 36, 1-4B on page 37 (Chapter 1) and Problem 2-7B on page 90 (Chapter 2) of your text. Submit BUS 591 Week 1 DQ 2 Annual Reports (Ash) BUS 591 Week 1 Homework Problems (Ash)
BUS 591 ASH Courses • BUS 591 Week 2 DQ 1 Debits and Credits • Debits and Credits. Define debits and credits and explain how they are used to record business transactions. Is it true that debits always increase and • BUS 591 Week 2 DQ 2 Revenue & Expense • Revenue & Expense. Review the section called “Investor Insight” in Chapter 3 of your text which shows the major revenue and expense accounts of the Chicago BUS 591 Week 2 DQ 1 Debits and Credits (Ash) BUS 591 Week 2 DQ 2 Revenue & Expense (Ash)
BUS 591 ASH Courses • BUS 591 Week 2 Homework Problems • Week Two Homework Problems. Complete Workbook Template Week Two or you may find the problems 3-2B on page 150 and 3-5B on page 151 from • BUS 591 Week 3 DQ 1 Perpetual Inventory System • Perpetual Inventory System. Present a detailed explanation of the recording of purchases under a perpetual inventory system. Use hypothetical BUS 591 Week 2 Homework Problems (Ash) BUS 591 Week 3 DQ 1 Perpetual Inventory System (Ash)
BUS 591 ASH Courses • BUS 591 Week 3 DQ 2 Inventory Valuation Methods • Inventory Valuation Methods. Identify the differences between F.I.F.O., L.I.F.O., and the average-cost method of inventory valuation. Be sure to • BUS 591 Week 3 Homework Problems • Week Three Homework Problems. Complete the following Workbook Template Week Three or you may complete the problems E5-2, E5-6 and P5-5B from Chapter 5 and Problems 6-2B and 6-3B Chapter 6. Submit your work to your instructor by the posted BUS 591 Week 3 DQ 2 Inventory Valuation Methods (Ash) BUS 591 Week 3 Homework Problems (Ash)
BUS 591 ASH Courses • BUS 591 Week 4 DQ 1 Why do I need accounting • Why do I need accounting? Consider the following • BUS 591 Week 4 DQ 2 Sarbanes-Oxley Act of 2002 • Sarbanes-Oxley Act of 2002. Search the Internet and locate an annual financial report for a public U.S. company. Read the Notes to the Financial Statements BUS 591 Week 4 DQ 1 Why do I need accounting (Ash) BUS 591 Week 4 DQ 2 Sarbanes-Oxley Act of 2002 (Ash)
BUS 591 ASH Courses • BUS 591 Week 4 Homework Problems • Week Four Homework Problems. Complete the following Workbook Template Week Four or you may complete the problems P8-2B and P8-6B from • BUS 591 Week 5 DQ 1 Liabilities and Financial Analysis • Liabilities and Financial Analysis. Discuss current liabilities and long-term liabilities. What are the differences between the two? Illustrate your understanding BUS 591 Week 4 Homework Problems (Ash) BUS 591 Week 5 DQ 1 Liabilities and Financial Analysis (Ash)
BUS 591 ASH Courses • BUS 591 Week 5 DQ 2 Colgate’s Annual Report • Colgate’s Annual Report. Obtain a copy of Colgate’s annual report from the Online Library or from a valid academic source found elsewhere on the Internet. Use this information to answer the following questions. If researching online, go • BUS 591 Week 5 Sarbanes-Oxley Act of 2002Methods of Depreciation • Research and discuss the Sarbanes-Oxley Act of 2002. Identify key components of the Sarbanes-Oxley Act of 2002, and its primary objective. What are some of the criticisms surrounding the Act? Are there any economic consequences for companies as a result of implementing the Act? Has the Sarbanes-Oxley Act achieved its goals so far? BUS 591 Week 5 DQ 2 Colgate’s Annual Report (Ash) BUS 591 Week 5 Sarbanes-Oxley Act of 2002 Methods of Depreciation (Ash)
BUS 591 ASH Courses • BUS 591 Week 6 DQ 1 Indirect Method vs. Direct Method • Indirect Method vs. Direct Method. Financial statement preparers have two choices in preparing the statement of cash flows: the indirect method and the direct method. The indirect method is used extensively in practice even though the F.A • BUS 591 Week 6 DQ 2 Horizontal vs. Vertical Analysis • Horizontal vs. Vertical Analysis. Discuss the horizontal and vertical analysis of a financial statement, and how each is used to help financial statement users make better BUS 591 Week 6 DQ 1 Indirect Method vs. Direct Method (Ash) BUS 591 Week 6 DQ 2 Horizontal vs. Vertical Analysis (Ash)
BUS 591 ASH Courses • BUS 591 Week 6 Final Project • FINAL PAPER • You should begin working on elements of the Final Project in Week One. Each week, there is a recommended learning activity associated with helping you complete the Final Project. There are ungraded and graded practice exercises, which will allow you to practice BUS 591 Week 6 Final Project (Ash)