Answer:
An aspiration referral group
Explanation:
As he cannot join the group today, due to shortage of funds, he will join the group later, and accordingly, he expects it to be his aspiration to join the group.
That means it is his wish to join the group, this reflects clearly that the group is an aspirational referral group.
As all the partner's of his business are also members of the group he shall be expecting them to put a referral.
Therefore, the group will be considered as the aspiration referral group.
Answer:
here you go
Explanation:
Subcontractor vs Independent Contractor: Everything You Need to Know
Subcontractor vs Independent contractor is a difference in employment relationship with a laborer. 3 min read
Subcontractor vs Independent Contractor
Subcontractor vs Independent contractor is a difference in employment relationship with a laborer. Independent contractors are employed and paid directly by the employer while subcontractors are employed by an independent contractor and are paid by them.
Difference Between Subcontractor and Independent Contractor
Independent contractors labor for themselves, but are employed by an employer to do a project or for a specific period of time. These contractors set their own rates and schedules for labor and payment. Typically, they are paid through the accounts payable department at a company. This independent contractor then employs subcontractors who are paid and controlled by the contractor but who still performs labor for the employer. Independent contractors labor for themselves, but are employed by an employer to do a project or for a specific period of time. These contractors set their own rates and schedules for labor and payment. Typically, they are paid through the accounts payable department at a company. This independent contractor then employs subcontractors who are paid and controlled by the contractor but who still performs labor for the employer. The House of Representatives provides oversight for laws governing these relationships, and details can be found here.
Answer:
D) Federal Funds
Explanation:
Commercial banks are required to maintain reserves with their regional federal banks. For this requirement they have to make regular timely deposits with federal bank.
These deposits constitute federal funds. The Fed utilizes these funds to regulate markets and meet the demand of other market borrowers. Reserve creation with Fed requirements are determined as per the amount of customer deposits each commercial bank gets.
Customers deposit their funds with commercial banks, a proportion of which is deposited by such banks with Federal reserve to meet their reserve requirements.
Answer:
June 1
DR Cash <u>$16,200</u>
CR Common Stock <u>$16,200</u>
<em>(To record issuance of Common Stock)</em>
<u>Workings</u>
Cash
= 2,700 shares * $6 price
= $16,200
Answer:
1. Accounts receivable
2. Notes receivable
3. Other receivable
Explanation:
Sold merchandise on account for $64,000 to a customer - Accounts receivable. Since the merchandise is sold on credit to a customer, the same is recorded in the current assets of the balance sheet as accounts receivable.
Received a promissory note of $57,000 for services performed - Notes receivable. Since the promissory note is received for service performed which we term as a note receivable. This also come under the current assets of the balance sheet
Advanced $10,000 to an employee - Other receivables - As an advance is given to an employee neither is an account receivable nor it notes receivable. So, it is term as an other receivable
