1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
faust18 [17]
2 years ago
10

Mike contracted with Kram Company, Mike's controlled corporation. Mike was a medical doctor and the contract provided that he wo

uld work exclusively for the corporation. No other doctor worked for the corporation. The corporation contracted to perform an operation for Rosa for $8,000. The corporation paid Mike $6,500 to perform the operation under the terms of his employment contract.
a. Mike's gross income is $6,500.
b. Mike must recognize the $8,000 gross income because he provided the service.
c. Mike must recognize $8,000 gross income since the patient obviously wanted him to perform the operation.
d. The Kram Company corporation's gross income is $1,500.
e. None of these.
Business
1 answer:
ira [324]2 years ago
5 0

Answer:

a. Mike's gross income is $6,500.

Explanation:

Given that

As mike contracted with Kram company, which he worked for the corporation that reflect he is an employee of Kram company

Since the corporation paid him $6,500 for performing the operation under the terms and conditions of the employment contract. So, it would be included in his gross income or we can say it is his gross income of $6,500

While the other amount shows the gross income for kram company i.e $6,500 as the corroboration perform for Rosa

You might be interested in
The difference between a​ business's revenues and its expenses is known as its​ _______.
Dominik [7]
The difference between a business revenues ans its expenses is known as its profits
6 0
3 years ago
A railwya has an operating ratio of 78%. If uts operating revenue were for $ 4.6 B for 205what were its operating expenses
kvasek [131]

Answer:

Its operating expenses were $ 3.588 B

Explanation:

The operating ratio is the ratio of operating expense to the operating or revenue generated.

This ratio is used for comparison of results from the operations of various industries.

Given that the operating ratio of 78% and the operating revenue is $4.6B, the operating expense T may be computed as

78% = T/4.6 * 100%

T = 4.6 *.78

= $3.588 B

4 0
3 years ago
The differences between the two are that ________ involve(s) both manufacturing and procurement with multiple manufacturers, sup
maks197457 [2]

The differences between the two are that <u>supply chain </u>involve(s) both manufacturing and procurement with multiple manufacturers, suppliers, and retail companies.<u> logistics </u> refers to distribution activities in one company.

<h3>What is Supply chain and logistics?</h3>

Supply chain has to do with production or manufacturing and distribution of goods produce to suppliers, retailers or customers while logistics has to do transporting or distribution of goods or products.

Supply chain involve the following:

  • Manufacturer
  • Supplier
  • Warehouses
  • Distribution
  • Retailers

Logistics involve:

  • Warehouse
  • Distribution

Inconclusion <u>supply chain </u>involve(s) both manufacturing and procurement with multiple manufacturers, suppliers, and retail companies.<u> logistics </u> refers to distribution activities in one company.

Learn more about supply chain and logistics here:brainly.com/question/25160870

4 0
2 years ago
Lily has retained an attorney to represent her regarding her injuries sustained in an automobile accident. the type of fee charg
Nataliya [291]
The answer is contingency fee

3 0
3 years ago
Regarding organizational buying, the people who have the power to select or approve the supplier- especially for larger purchase
nadezda [96]
In general, the people who have the power to select or approve the supplier are referred to as the "buyers". Most of the time, buyers want to go with a supplier who can offer the best product at the cheapest price. 
8 0
3 years ago
Other questions:
  • Why do we got to pay for this stuff ?
    8·2 answers
  • Which of these portfolio items might assist Susan in answering an interviewer who asks, "What is something you did well in schoo
    12·1 answer
  • Treasury bills are currently paying 4.7 percent and the inflation rate is 2.2 percent. a. What is the approximate real rate of i
    11·1 answer
  • One thirds of the checking accounts at the community bank earns interest. If 2,500 accounts are of this type, how many total acc
    5·1 answer
  • A system of rule in which the government recognizes no formal limit but may nevertheless be restrained by the power of other soc
    6·1 answer
  • An office manager is concerned with declining productivity. Despite the fact that she regularly monitors her clerical staff four
    6·1 answer
  • Santa Fe Production sells a single product to wholesalers. The company's budget for the upcoming year revealed anticipated unit
    6·2 answers
  • Your company is trying to decide which one of two projects it should accept. Both projects have the same start-up costs. Project
    9·1 answer
  • The 20% off sale is a better deal than the $200 rebate or
    6·2 answers
  • bramble reported total asset s of and net income of for the current year. what is the corrected amount for toal assets and net i
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!