Andrew has been hired to do some work for Rossi Enterprises. What factors would a court consider in determining if Andrew is an employee or an independent contractor? Why does the designation matter?
In determining if agents are employees or independent contractors, courts consider whether: the principal supervises the details of the work; the principal supplies the tools and place of work; the agents work full-time for the principal; the agents receive a salary or hourly wages, not a fixed price for the job; the work is part of the regular business of the principal; the principal and agents believe they have an employer-employee relationship; and the principal is in business. The distinction affects the potential liability of the principal. A principal may be liable for the torts of an employee or servant, but generally is not liable for the torts of an independent contractor.
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Bobbi and Stuart are partners. The partnership capital of Bobbi is $40,000 and Stuart is $70,000 . Bobbi sells his interest in the partnership to John for $50,000 . The journal entry to record the admission of John as a new partner would include
a. a credit to John's capital account for $40,000 b. a credit to Stuart's capital account for $10,000 c. a credit to John's capital account for $50,000 d. a credit to John's capital account for $40,000 and a credit to Stuart's capital account for $10,000
Why is it necessary to recognize different behavior styles and communicate accordingly?
What will be an ideal response?
Briefly discuss monopolistic competition
What will be an ideal response?
What would be the result in cell B7?
a) 20.50%
b) 7.50%
c) 17.20%
d) 23.67%
e) #DIV/0!