Determine two to three (2-3) reasons why VectorCal may not always receive the exact amount of profit

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Determine two to three (2-3) reasons why VectorCal may not always receive the exact amount of profit that it negotiated into its contract with the federal government. Predict two to three (2-3) outcomes VectorCal may experience as a result of not meeting the profit requirements specified in their government contract. Justify your response.
Hypothesize two examples of circumstances where a company has not met the profit requirements of a government contract. Next, speculate on why these circumstances resulted in a failure to meet the profit requirements of its contract with the federal government. Next, from the e-Activity, provide one example of a company that has not met the profit requirements of a government contract, and specify the company's end result.
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Accounting Principles

ISBN: 978-1119048503

7th Canadian Edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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