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1 year ago

Because of the employing party's lack of control over the individual, which of these is not classified as an employee?

1 answer:

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Because of the employing party's lack of control over the individual, Independent contractor is not classified as an employee.

<h3>Who is an Independent contractor?</h3>

An independent contractor is an self-employed person or an organization contracted to perform work or provide services to another organization as a non-employee. As a result, independent contractors pay their own Social Security and Medicare taxes.

In addition, legal entities using the services of an independent contractor are not required to provide them with employee benefits, such as employer-sponsored health insurance and retirement accounts, that the legal entity may otherwise provide to its employees. Payers must correctly classify each payee as an independent contractor or employee. Another term for an independent contractor is "freelancer."

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Robert Company purchased $100,000 of 8 percent bonds of Evergreen Corp. on January 1, 20x1, at $92,278. The bonds mature January

Annette [7]

On January 1st, 20x1, Robert Company paid $92,278 for $100,000 of Evergreen Corp.'s 8% bonds that were available for sale. 12% is the market yield. Interest is paid on April 30 and October 31 of each year. Bush is a company with a calendar year. The right response is $4,556,500.

On December 31x1, Fox should declare $4,556,500.

Bonds are currently valued $4,580,000.

$50,000 Bonds are currently valued $4,530,000.

From July 1 to December 31, the discount is amortised over a six-month period: Bonds are currently valued $4,580,000.

$50,000 Bonds are currently valued $4,530,000.

From July 1 to December 31, the discount is amortised over a six-month period: Interest Income = $226.00 ($4,530,00% x 10% x 6/12)

In terms of interest-bearing quantities, $5,000,000 times 8% times six months is $200,000.

Interest revenue less interest due is equal to discounted interest.

Discount amortised is calculated as $226500 less $200000, or $2650.

As a result, $4,530,000 + $26,500 is the total that Fox must declare as of December 31, 2020, multiplied by one.

Thus, On December 31x1, Fox should declare $4,556,500.

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1 year ago

What is the economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in

ZanzabumX [31]

The economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in doing there just smart part is called spe<span>cialization</span><span>. Specialization is achieved when the assigned personnel is master of his art and the resources are focused on the particular field. This leads to an efficiency called allocative efficiency.</span>

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3 years ago

Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $888,000 (37,000 units at $24 each)

kvv77 [185]

Answer:

the ending inventory and cost of goods sold for 2021 based on a periodic inventory system is $816,000 and $3,378,000 respectively

Explanation:

The computation is shown below

Cost of goods sold is

= (117,000 units - 114,000 units) × $24 + 114,000 units × $29

= 3,000 units × $24 + 114,000 units × $29

= $72,000 + $3,306,000

= $3,378,000

And, the ending inventory is

= (37,000 units - 3,000 units) × $24

= $816,000

Hence, the ending inventory and cost of goods sold for 2021 based on a periodic inventory system is $816,000 and $3,378,000 respectively

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2 years ago

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larisa86 [58]

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3 years ago

In the global business environment, small businesses are becoming more entrepreneurial while larger organizations are "shying" a

anzhelika [568]

Answer:

a. True

Explanation:

Since small business has lesser processes and paper work as compare to the larger organizations where formal procedures are in placed

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2 years ago