Answer:
Journal entries will be as follows;
Explanation:
1.The machine purchased is an asset so machinery a/c will be debited.
The cash used to purchase the machine is an outflow so it's credited on the cash a/c
2. Electricity wiring on the machine is part of the acquisition cost, hence we debit machinery account and the cash paid for that is credited on cash a/c
3. Cost of securing it in place is also an operating cost hence you debit machinery a/c and credit the cash used to pay for it in the cash a/c
<u>Journal entries</u>
1. Machinery account Dr 192,000
Cash account Cr 192,000
2.Machinery account Dr 8,000
Cash account Cr 8,000
3.Machinery account Dr 1,600
Cash account Cr 1,600
Joyce works for kappa services corporation as an independent contractor, and not as an employee, if Kappa does not control Joyce's work.
According to the general rule, a person is considered to be an independent contractor if the party paying for their services has the authority to direct or control only the final product of their job, rather than the process of doing it.
You are considered self-employed if you work as an independent contractor. A person who works as an independent contractor must pay self-employment tax on their income. Visit the Self-Employed Individuals Tax Center to learn more about your tax requirements.
If your work may be controlled by your employer, you are not an independent contractor (what will be done and how it will be done). Even if you have complete freedom of movement, this still holds true. The legal authority of the employer to direct all aspects of the services' performance is what matters.
Learn more about independent contractor here brainly.com/question/13191587
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Answer:
the amount that have to pay as a down payment is $24,000
Explanation:
The computation of the down payment is as follows;
Loan = LTV ratio × price
And, the down payment is
= Price - loan
So, the loan is
= 85% × $160,000
= $136,000
Now the down payment is
= $160,000 - $136,000
= $24,000
Hence, the amount that have to pay as a down payment is $24,000
Answer:
B. 27.32%
Explanation:
First we need to calculate the Net asset value per share at the start and end of the year
NAV at the start of the year = ($500 million - $80 million) / 15 million shares = $28 per share
NAV at the end of the year = ($600 million - ( ($600 million x 0.004) + $40 million ) / 16 million shares = $34.85 per share
Return = (NAV at the end of the year - NAV at the start of the year + Distribution received) / NAV at the start of the year
Return = ( 34.85 - 28 + 0.8 ) / 28 = 0.2732 = 27.32%
Answer: Projectitis
Explanation:
The projectitis is basically refers to the condition in an organization where the team members of the projects become possessive and also spend a lot of time for documenting the overall function of the project.
- They also gathering the overall detail and performance of the project.
- The main responsibility of the projectitis is that they updating the status of the project and the accomplish the overall work of the project.
Therefore, projectitis is the correct answer.