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Leno4ka [110]
3 years ago
15

Sally agrees to roof a house for Bob.After doing his research,Bob chooses Sally based on her great reputation for being conscien

tious and doing good work.Bob knows little about roofing and stays away from all the noise involved.Sally provides her own tools for herself and other workers,sets her own schedule,and charges a flat rate of $10,000 to be paid when the job is completed.Sally hires Trudy,Glen,and Fred to help with the roofing.She pays them an hourly rate,supervises their work,provides them with tools and materials,and sets their schedules.Curious about what is going on there,Bob's friend Spencer walks by the house while the roofing is being done.Glen absentmindedly throws some old shingles off the roof and hits Spencer in the head,resulting in him going to the local emergency room and receiving a couple of stitches in his scalp.Spencer decides to sue all the roofers,Bob,and Sally for his hospital expenses and for pain and suffering.Which of the following is the most likely characterization of Trudy,Glen,and Fred in relation to Sally?
A) They are both employees and independent contractors.
B) They are employees.
C) They are independent contractors.
D) They are undisclosed principals.
E) They are both employees and disclosed principals.
Business
1 answer:
lord [1]3 years ago
7 0

Answer:

B) They are employees.

Explanation:

They work for Sally. Sally hired Truly, Glen and Fred and pays them an hourly wage, and provides the tools that they use to perform their work. She also supervises and directs their job. They are not independent contractors due to the direct relation that exists between them and the fact that they obey Sally's orders.

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Answer:

The calculations are shown below

Explanation:

The computations are shown below:

But before that, first we have to prepare the income statement so that the values could come    

Particulars Amount  

Revenues $99,700  

Less: Cost of sales -$64,700  

Gross profit $35,000  

Less: Interest expenses -$1,800  

Earnings before tax $33,200  

Less: Taxes -$11,620  

Net income $21,580  

So, the calculations are shown below:

1. Earnings per share = Net income ÷ Common stock outstanding  

= $21,580 ÷ 16,000 shares    

= $1.35 per share

2. Price earnings ratio = Stock price per share ÷ Earnings per share  

= $22 ÷ $1.35    

= 16.3 times  

3. Long term debt to equity ratio  = Long term debt ÷ Total equity  

= $45,800 ÷ $120,000    

= 0.38 times  

4. Total market value = Number of shares outstanding × Market price per share

= 16,000 shares  × $22    

= $352,000  

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You have a home with a market value of $144,700, which has an assessment value of 72% of that amount. Your city has a property t
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Answer:

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Explanation:

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2 years ago
State the accounting equation.
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Shareholders' Equity = Assets – Liabilities where the rearrangement reflects the residual claim of equity owners.
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In 2017, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the company completely out of the
Tju [1.3M]

Answer:

Randa Merchandising, Inc.

1. Indication of where each of the following income-related items for this company appears on its 2017 income statement.

Income Statement

1. Net Sales

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3. Depreciation expense

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5. Gain on state's condemnation of company property, net of tax

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7. Loss from operating wholesale business segment, net of tax

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Explanation:

Randa's income statement is prepared using a step-by-step approach.  It starts with the net sales from which the cost of goods sold is deducted to arrive at the gross profit.  Thereafter, the operating expenses are deducted to obtain the operating income.  Based on this, income taxes are computed before arriving at the operating income after taxes.  And then, the extraordinary items are disclosed (net of taxes) before arriving at the net income.

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