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Alenkasestr [34]
2 years ago
7

Nelson Ovalles worked as a cable installer for Cox Rhode Island Telecom, LLC, under an agreement with a third party, M&M Com

munications, Inc. The agreement stated that no employer-employee relationship existed between Cox and M&M’s technicians, including Ovalles. Ovalles was required to designate his affiliation with Cox on his work van, clothing, and identification badge, but Cox had minimal contact with him and limited power to control the manner in which he performed his duties. Cox supplied cable wire and similar items, but the equipment was delivered to M&M, not to Ovalles. On a workday, while Ovalles was fulfilling a work order, his van rear ended a car driven by Barbara Cayer. Is Cox liable to Cayer?
Business
1 answer:
Illusion [34]2 years ago
5 0

Answer:

No.

Explanation:

Ovalles was an M&M contractor to perform work assigned by M&M. As the question says, <em>"Cox had minimal contact with him and limited power to control the manner in which he performed his duties."</em>.  That is the main feature of a contractor, different from an employee who works directly for Cox. The liability is completely of M&M.

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Russ and Linda are married and file a joint tax return claiming their three children, ages 4, 7, and 18, as dependents. Their ad
hoa [83]

Answer:

$3,700

Explanation:

Given that

Adjusted gross income for the year 2019 = $415,300

Children ages = 4, 7, and 18 as dependents

Based on the given information, Russ and Linda's total child and other dependent credit for the year 2019 is

= (Maximum amount per qualifying child + non-refundable tax credit) - (deductible amount × age)

= ($2,000 × 2 + $500) - ($50 × 16)

= $4,500 - $800

= $3,700

After $400,000 the $50 is decreased for each and every $1,000

5 0
3 years ago
Haskell Corp. is comparing two different capital structures. Plan I would result in 12,000 shares of stock and $100,000 in debt.
spayn [35]

Answer:

Please find attached detailed solution to the above question.

Explanation:

Please as attached detailed solution.

4 0
3 years ago
Diaz Company owns a machine that cost $250,000 and has accumulated depreciation of $182,000. Prepare the entry to record the dis
zhenek [66]

Answer:

Explanation:

The journal entries are shown below:

1. Accumulated Depreciation A/c Dr $182,000

 Loss on disposal of machine A/c Dr $68,000

         To Machine A/c                                $250,000

(Being the machine disposed off)

2. Accumulated Depreciation A/c Dr $182,000

  Loss on disposal of machine A/c Dr $33,000

  Cash A/c Dr $35,000

         To Machine A/c                                $250,000

(Being machine sold for $35,000)

3. Accumulated Depreciation A/c Dr $182,000

  Cash A/c Dr $68,000

         To Machine A/c                                $250,000

(Being machine sold for $68,000)

4. Accumulated Depreciation A/c Dr $182,000

  Cash A/c Dr $80,000

         To Machine A/c                                $250,000

         To profit on disposal of machine A/c Dr $12,000

(Being machine sold for $80,000)

5 0
3 years ago
Which of the following is TRUE? *
Katena32 [7]

Answer:

increase income or decrease total expenses

Explanation:

Over budget refers to a situation where the estimated costs exceed the actual resources available or the amount allocated. Over budget is when expenses are more than allocated finances.

There are insufficient funds in an over budget. To address the insufficient funds issue, more resources must be obtained, or the expenses must be reduced.

7 0
2 years ago
The advertising industry was worth how much money in 1920
mars1129 [50]

Answer:

nearly 3 billon

Explanation:

4 0
2 years ago
Read 2 more answers
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