Skysong, Inc. started the year with total assets of $310000 and total liabilities of $250000. During the year the business recorded $633000 in revenues, $334000 in expenses, and dividends of $56000. The net income reported by Skysong, Inc. for the year was .

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.