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:
$317,500
Explanation:
The computation of the amount of bad debt expense is shown below:-
Bad debt expenses = (Accounts receivable × Outstanding receivable percentage) - Opening Allowance for doubtful debts
= ($6.57 million × 5%) - $11,000
= $317,500
Therefore for computing the bad debt expense we simply applied the above formula.
Answer:
Units of Product XYZ must be produced during October are A) 1,400
Explanation:
Units of Product XYZ must be produced during October = Units of Product XYZ are sold during October + units of Product XYZ on hand October 31 - units of Product XYZ on hand October 1.
Gala Corporation has 300 units of Product XYZ on hand on October 1 and 500 units on hand October 31.
The company plans to sell 1,200 units of Product XYZ during October.
Units of Product XYZ must be produced during October = 1,200 + 500 - 300 = 1,400 units.
Answer:
is a potential liability that has arisen because of a past event or transaction.
Explanation:
A contingent liability is a potential liability that has arisen because of a past event or transaction.
Some of the characteristics of contingent liabilities includes being remote, probable, estimable, and reasonably possible.
In order to record a contingent liability as a liability on a company's balance sheet, it must be probable (likely to occur) and subject to estimate.
Hence, companies are advised to record the contingent liabilities so as to meet the Generally Accepted Accounting Principles (GAAP) and IFRS requirements.
Answer:
bahala ka liy :) ! sorey pero i d k the answer
