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ValentinkaMS [17]
3 years ago
11

Lenny works for Mechanical Engineers, P.A. While working on a Mechanical Engineers project, Lenny is injured. Under state worker

s’ compensation laws, Lenny will be compensated only if his injury was?a. ?accidental.b. ?intentional.c. ?material.d. ?incidental.
Business
1 answer:
KengaRu [80]3 years ago
3 0

Answer: accidental.

Explanation: under the state workers compensation laws, Lenny would be compensated only if his injury was accidental. The law aims to protects employers from dooming civil claims and enables both casual and full-time employees to claim compensation directly from the Fund for work-related injuries and disability.

Furthermore, state compensation laws are put in place in every state to protect employees against loss of income and for medical payments because of work-related injuries, accidents, illness, or disease.

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<u>Solution and Explanation:</u>

Installment Receivables (Net) of $2,905,600

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Sale:-  Instalment Receivables  $5,000,000  

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 Deferred gross profit                                                  $1,800,000

Payment:-  Cash                         $4,90,000  

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Deferred Gross profit                 $165,600  

Realised Gross profit                                              $165,600

Instalment Receivables ($5,000,000 minus $490,000) = $4,510,000

Deferred gross profit ($1,800,000 minus $165,600) = $1,634,400

Instalment Receivables (Net) = $2,875,600

8 0
3 years ago
Mutual funds _____. a. are investment companies that use funds provided by savers to buy various types of financial assets, incl
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a)

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Splish Corporation has retained earnings of $721,100 at January 1, 2020. Net income during 2020 was $1,562,700, and cash dividen
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Ending retained earnings $2,291,170

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Note: It totally depend or grounded on the Sales value.

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