Considering the scenario described above, at the store, I am an employee. This is because I'm hired full-time.
Also, because an office manager is supervising me, that shows I am an employee.
Also, given that I work within normal business hours at the store, that is a characteristic of an employee. Again, payment of wages is associated with employee relations.
On the other hand, I work as an independent contractor at the pub because I decide the music to play and get paid per gig.
Also, given that I don't work at normal hours and get paid at a lump sum, this is an independent contractor working feature.
Hence, in this case, it is concluded that I worked as an independent contractor at the pub and an employee at the store.
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<span> The </span>income statement<span> reports revenues and expenses and the resulting </span>net income
Answer:
Creative Sound Systems
Net cash flows from investing activities:
Cash inflow from sale of investments $31 million
Cash inflow from sale of land $15.1 million
Cash outflow from purchase of equipment ($25.1 million)
<u>Cash outflow from purchase of patent ($12.1 million)</u>
Net cash flows provided by investing activities $8.9 million
Creative Sound Systems
Net cash flows from financing activities:
Cash inflow from issuing common stocks $40.2 million
<u>Cash outflow from purchase treasury stock ($21.1 million)</u>
Net cash flows provided by financing activities $19.1 million
Answer:
$15,450
Explanation:
The computation of the common fixed expenses is shown below:
We know that,
Net operating income = Contribution margin + Sales × contribution margin - traceable fixed expenses - common fixed expenses
$35,700 = $47,800 + $235,000 × 25% - $55,400 - common fixed expenses
$35,700 = $47,800 + $58,750 - $55,400 - common fixed expenses
$35,700= $47,800 + 3,350 - common fixed expenses
So, the common fixed expense would be $15,450
Answer:
False.
Explanation:
If Dmitri's Fire Engines were competitive firm instead of $100,000 were the market price for an engine, decreasing its price from $100,000 to $50,000 would result in a decrease in production quantity, but increase in total revenue. The statement is false.
