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Yakvenalex [24]
2 years ago
10

Lee went to great lengths to make sure that Heard was considered an independent contractor and it didn't work. Since Lee made it

so clear that Heard was an independent contractor, why did the court find employee status
Business
1 answer:
tekilochka [14]2 years ago
8 0

The court found the employee status because he had and agreement indicating that he was an independent <em>contractor</em>.

<h3>What is an independent contractor?</h3>

It should be noted independent contractors are the contractors that don't work under an employer. They work independently.

In this case, the court found the employee status because he had and agreement indicating that he was an independent contractor.

Learn more about independent contractor on:

brainly.com/question/7429981

#SPJ1

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Issued $25,000 of QCI stock for cash. Incurred $600 of utilities costs this month and will pay them next month. Incurred and pai
Natali5045456 [20]

Answer:

A.

a.Dr Cash 25,000

Cr Common Stock 25,000

b. Dr Utilities expense 600

Cr Utilities payable 600

c. Dr Wages expense 2,000

Cr Cash 2,000

d. Dr Account receivable 2,800

Cr Service revenue 2,800

e. Dr Repairs expense 150

Cr Cash 150

B. $50

Explanation:

Preparation of Journal entries

a. Based on the information given we were told that the amount of $25,000 of QCI stock for cash was issued which means that the Journal entry will be :

Dr Cash 25,000

Cr Common Stock 25,000

b. Based on the information given we were told that they Incurred the amount of $600 of utilities costs which means that the Journal entry will be :

Dr Utilities expense 600

Cr Utilities payable 600

c. Based on the information given we were told that the company Incurred and as well paid wages totaling the amount of $2,000 which means that the Journal entry will be :

Dr Wages expense 2,000

Cr Cash 2,000

d. Based on the information given we were told that the company Performed cleaning services that cost $2,800 which means that the Journal entry will be:

Dr Account receivable 2,800

Cr Service revenue 2,800

e. Based on the information given we were told that the Cleaners’s equipment was repaired at the amount of $150 which means that the Journal entry will be :

Dr Repairs expense 150

Cr Cash 150

2) Calculation for the Net income

Net income = 2,800-2,000-150-600

Net income = $50

Therefore net income will be $50

8 0
3 years ago
Which of the following is the proper sequence of events in an activity-based costing system? a. Calculation of pool rates, ident
bekas [8.4K]

Answer:

The correct answer is letter "B": Identification of cost pools, identification of cost drivers, calculation of pool rates, assignment of cost to products.

Explanation:

Activity-Based Costing or ABC is a managerial accounting method that assigns certain indirect costs to the products incurring the bulk of those costs. ABC is primarily used in the manufacturing sector to make a better calculation of the true cost of production per unit. For that purpose, ABC follows this sequence:

1)  Identification of the activities for the creation of the product

2)  Divide the activities into cost pools  

3) Assign each cost pool to a cost driver  

4) Calculation of the cost driver rates

5) Assignment of cost to products

6 0
3 years ago
2000 is deposited into a newly opened fund on January 1, 1999. Another deposit is made into the fund on July, 1 1999. On January
choli [55]

Answer:

$2,080 is the correct answer to the given question .

Explanation:

As mention in the question the deposited  amount of $2000 was in the year the July, 1, 1999 up to the on the January 1, 2000 it means it takes 1/2 year or 6 months.

Time-weighted rate of the return in the year 1999 is the 8.0%

however it has been spent for the six months, it means the 4% in the 6 month

So the cost of the fund before the investment can be determined by

= 2000*1.04

= $2080

Therefore the balance of the fund on the year July 1, 1999= $2080

3 0
3 years ago
Classify the following topics as relating to microeconomics or macroeconomics. Topic: Microeconomics or Macroeconomics
goldenfox [79]

Answer: MICROECONOMICS

1.The effect of a change in price of one good on a related good.

MACROECONOMICS

2. The relationship between the inflation rate and the unemployment rate.

3.The effect of government subsidies on the agricultural industry.

Explanation: Microeconomics is a term of the to describe the impact of certain conditions on a single product or service,it doesn't consist of the whole economy or country.

Macroeconomics is a term used to describe the impact of certain conditions on the whole economy or country. Inflation rate, unemployment rate, effects of subsidy in Agriculture etc are all Macroeconomics statistics give better understanding of the economic performance.

8 0
3 years ago
Which one of the following statements related to the internal rate of return (IRR) is correct? Multiple Choice Financing type pr
aleksley [76]

Answer:

nd -4- 2 (1)/(2)

Explanation:

6 0
3 years ago
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