The additional work done to improve the project's worth is known as a special assessment lien. This will ultimately result in higher property taxes. The first and second mortgages follow after that in order.
What is the purpose of tax?Collecting taxes and fees is a fundamental way for countries to generate public revenues that make it possible to finance investments in human capital, infrastructure, and the provision of services for citizens and businesses.
What causes people to owe taxes?A tax bill is basically just a matter of doing the math: You owe more in taxes than you were able to pay for the entire year. This typically indicates that not enough money was withdrawn from your paycheck to pay taxes.
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the most likely clause to be invoked by a mortgagee in case the mortgagor becomes seriously in arrears in mortgage payments is a) the exculpatory clause. b) the acceleration clause. c) the penalty clause. d) the cognovit clause.
The most likely clause to be invoked by a mortgagee in case the mortgagor becomes seriously in arrears in mortgage payments is the acceleration clause.
What does a mortgage acceleration clause mean?An acceleration clause is a feature in your mortgage that permits your lender to quicken the pace at which you must make payments on your loan. The condition may also permit your lender to demand the immediate and complete repayment of your mortgage.clause that alienates. This provision gives the lender the right to request the full amount owed when the property changes ownership or, in some situations, when possession changes.When a borrower sells or transfers their house, the alienation clause in their mortgage contract provides the mortgage lender the right to demand prompt and complete repayment of the debt, including principle and interest.
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In the world of career training what are values?
In the world of career training, the values are the beliefs about what is or is not important. Thus option (B) is correct.
What are values?
The values are the fundamental beliefs that helps a person as a guide in taking actions and keeps him motivated in life.
So the values or beliefs of a person always helps him in taking the proper path. It helps as a motivating factor in taking the correct decision. In the career of a person, the values help him in deciding that what is right or what will be wrong for him.
In the world of career training, the values are the beliefs about what is or is not important. Therefore, option (B) is correct.
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after receiving permission from the employee in charge of working limits to proceed through the limits, your train encounters a stop signal at a control point. what authority is needed to pass the stop signal?
The Outer signal, if present, is the initial Stop signal of a station and is placed far enough away from the point where the line may be impeded after the station in back has been granted or has received line clear.
How is an automatic signal passed?Even if the automatic signal is clearly in the "off" position, drivers must approach cautiously up to the foot of the subsequent signal because the path between the two signals may be blocked.
A universal signal for a train to halt is to wave a red flag in its direction. In order to alert the driver to the need to use the emergency brakes if there is a threat to the train, such as an obstruction or someone on the tracks ahead of it, wave a red flag vehemently in its direction.
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When is the earliest date that the stock can be sold regular way and still allow the customer to receive the $.90 dividend payable Jan 30th, 2021
April 18th, The ex-dividend date for the April 30th dividend is April 18th. If the stock is sold before this date, the new buyer will be on record to receive the dividend.
If you sell your shares before to the ex-dividend date, also known as the ex-date, you will not receive a dividend from the corporation. The ex-dividend date is the day when the stock begins trading without the value of the forthcoming dividend factored in since owners are no longer entitled to the impending dividend payment.The ex-dividend date is thus the date set by the corporation as the first day of trading on which the shares trade without the right to the dividend. However, if you sell your shares on or after this date, you will still get the dividend. However, if you sell your shares before the ex-date, you will not be eligible for those dividends.
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On March 2, Sandhill Company sold $846,000 of merchandise on account to Indigo Company, terms 3/10, n/30. The cost of the merchandise sold was $530,000.
The following journal entries should be made to reflect the transactions:
According to the question, Debit Accounts Receivable= $853,600; Credit Sales Revenue=$853,600.
Describe a journal entry.A journal is really a book where all of a business's transactions are initially documented. Journalising is the process of entering transactions into a journal. Each transaction has two effects on the accounts: one debit and one credit.
March 2 entries in a journal
Debit Accounts Receivable = $853,600
Credit Sales Revenue= $853,600
March 2
Debit Cost of Goods Sold= $540,300
Credit Inventory= $540,300
March 6
Debit Sales Returns and Allowances= $114,200
Credit Accounts Receivable= $114,200
March 6
Debit Inventory= $68,200
Credit Cost of Goods Sold= $68,200
March 12
Debit Cash $717,218
=($739,400 - $22,182)
Debit Sales Discounts $22,182
=($739,000 × 3%)
Credit Accounts Receivable $739,400
=($853,600 - $114,200)
In conclusion, the following journal entries should be made to reflect the specified transactions:
Debit Accounts Receivable= $853,600;
Credit Sales Revenue= $853,600.
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since there is no such thing in new york as a promulgated listing agreement form, what is the best practice for a broker who is entering into an agency agreement with a seller?
The best practice for a broker who is entering into an agency agreement with a seller is to Use a listing agreement that is created or approved by an attorney
What is a listing agreement?An agreement that gives a real estate agent in California permission to sell a client's property is known as a listing agreement. The contract gives them the ability to list the property while, in most situations, giving them exclusivity over the real estate transaction and any prospective commissions. A listing agreement is a contract of employment between a real estate broker and a property owner. It enables the broker to represent the seller as a listing agent and locate a buyer who will purchase the property under their terms. In essence, a listing agreement authorizes your real estate agent to find a buyer for your house.To learn more about listing agreement refer to:
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an individual with a high need for would be most likely to place a premium on products and services that signify success. question 4 options: a) uniqueness b) control c) affiliation d) esteem
An individual with a high need for esteem would be most likely to place a premium on products and services that signify success. Hence, the correct option is (D).
What Is Employee Motivation?Motivation is a very important element in a company where motivation is something that encourages someone to increase their productivity to complete the company's work plans and fulfill their responsibilities. Each workforce can have its own characteristics and each workforce can have triggers that can increase motivation. When the motivation of a worker is to want achievement or esteem, then he will place a premium on products and services that signify success.
The question is incomplete, but most probably your question was:
An individual with a high need for ______ would be most likely to place a premium on products and services that signify success.
A. Uniqueness
B. Control
C. Affiliation
D. Esteem
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According to the _____, the only social responsibility that businesses have is to maximize profits.
a.accounting model
b.economic model
c.shareholder model
d.stakeholder model
The answer is C shareholder model. The shareholder model is the belief that the only social responsibility of businesses is to maximize profits for their shareholders.
This model is based on the idea that businesses should only operate to maximize the economic returns for their shareholders while refraining from any activities that might make reduction in those profits. This model places responsibility for determining what is socially responsible or ethical on individual shareholders. This model contrasts with the stakeholder model, which argues that businesses should be held accountable for the interests of all stakeholders, including employees, customers, suppliers, and the environment.
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An NMS stock is quoted at $30.50 Bid; $35.75 Ask. Which quotes can be accepted by an SRO for this stock?
I $30.55 Bid
II $30.555 Bid
III $30.65 Ask
IV $30.655 Ask
A. I and III
B. I and IV
C. II and III
D. II and IV
That would be Option A (I and III ). Regulations, Rule 612 Sub-penny quotes and orders cannot be recorded for NMS stocks.
What is SRO in stock market?Monetary terms By: s. All national securities and commodities exchanges, as well as the NASD, are self-regulatory organisations (SROs) that enforce fair, ethical, and effective procedures in the securities and commodity futures markets. SROs perform the role of a semi-regulator by keeping an eye on market activity to reduce fraud and wrongdoing.
To identify or dissuade trespassers on campus, the SRO maintains a very visible presence. SROs also assist the neighbourhood by handling issues like loitering, disregarding stop signs, and speeding in school zones. Reporting criminal law violations is the responsibility of SROs.
Dilution brought about by [SRO] reduces an existing stockholder's ownership stake in the firm.
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explore the impact of innovation in today's business and social spaces, then consider the following questions: what is the relationship between innovation and business competition? what is the relationship between innovation and human interaction? what is the relationship between these two spaces? discuss your thoughts on these questions supporting your ideas with references from relevant articles in the news media and/or the web
The importance of innovation in affecting organizational performance is well acknowledged. Many businesses aspire for revenue growth through various sorts of innovation. However, research shows that the impact of innovation on firm performance differs depending on the type of inventive organization.
What link exists between business and innovation?Businesses that desire to develop the newest innovation to hit the market are those that are in rivalry with one another. A PwC survey found that 80% of CEOs believe innovation boosts productivity and offers companies a competitive edge. "Competition is frequently a catalyst for innovation.
What relationship does there exist between innovation and human interaction?Actually, thanks to increasingly practical and affordable non-human replacements, the need for human-to-human interactions has greatly decreased.
How does technology and human interaction interact?Technology has improved society by uniting individuals in a variety of ways by making it simple for us to connect with one another with only a few clicks of a button. People now have the choice to work from home, travel while employed, and keep in touch with their peers on a daily basis despite being physically located in a different state or nation.
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average corp. was convicted of violating the federal mail fraud statute due to the activities of some of its employees, who had used the u.s. mail to perpetrate a fraudulent scheme designed to advance the otherwise legitimate business interests of average. average has appealed, arguing that its conviction should be set aside because the employees in question were relatively minor officials of the company and were acting without the knowledge or consent of any high-level corporate officer. in addition, average argues that the involved employees were acting in violation of a longstanding and well-known average policy against fraudulent schemes. should average's conviction be set aside?
Average filed an appeal, stating that the conviction should be overturned because the involved individuals were were minor corporate officials and were
What are the examples of conviction?
I gave Bobby this as a prime illustration of the need for Realtors to be available on holidays. He responded, completely without conviction, "Well, yeah."
Good Faith by Jane Smiley, 2003
He believed that if the words in the story were muddled due to the author's insensitivity, negligence, or sentimentality, the story was severely handicapped.
—Raymond Carver, The Story and Its Writer, Ann Charters (ed. ), 1987
She spoke with the kind of voice that individuals frequently used to convey their deepest beliefs.
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an audit of the financial statements of camden corporation is being conducted by external auditors. the external auditors are expected to: a) certify the correctness of camden's financial statements. b) make a complete examination of camden's records and verify all of camden's transactions. c) give an opinion on the fair presentation of camden's financial statements in conformity with the applicable financial reporting framework (e.g., gaap, ifrs). d) give an opinion on the attractiveness of camden for investment purposes and critique the wisdom and legality of its business decisions.
External auditors are conducting an audit of the financial accounts of the Camden Corporation. The external auditors are required to:
Express an opinion on the fair presentation of Camden's financial statements in accordance with the appropriate financial reporting framework (e.g., GAAP, IFRS).
What is the main objective of an external audit?The purpose of an external audit of financial statements is to ascertain whether, in the auditor's opinion, the statements present fairly in all material respects, that is, whether they give the true and fair view in all material respects of the company's the financial position, results of operations, and cash flows.
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later on today, you will receive an annual dividend of $2.50 a share on abc stock. the dividend is expected to increase by 2 percent annually thereafter. which formula should be used to compute the value of the stock today if the discount rate is 14 percent?
A stock, also known as a share or equity, represents a unit of ownership in a company. When a company issues stocks, it is selling a portion of the company to investors in exchange for capital.
What is share?A share, also known as a stock or equity, represents a unit of ownership in a company. When a company issues shares, it is selling a portion of the company to investors in exchange for capital. Each share represents a claim on the company's assets and earnings. Shareholders, or owners of shares, are entitled to a portion of the company's profits, as well as the right to vote on certain company matters. The value of a share is determined by the market and can fluctuate based on a variety of factors such as the company's financial performance, industry conditions, and overall market conditions. Additionally, dividends are commonly paid to shareholders as a portion of the company's earnings.
The formula that should be used to compute the value of the stock today if the discount rate is 14 percent is the Gordon growth model formula:
V0 = D1 / (r - g)
Where:
V0 = value of the stock today
D1 = annual dividend of $2.50 a share
r = discount rate of 14%
g = expected annual dividend growth rate of 2%
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true or false: suppose that the hypothetical country of andesland has a chronic scarcity of quinoa, its staple grain. this implies that people in andesland must be poor.
Suppose that the hypothetical country of Andes land has a chronic scarcity of quinoa, its staple grain. this implies that people in Andes land must be poor True.
What is the main cause of the scarcity condition, according to the quizlet?The only reason there is scarcity is because there are more people's wants than there are resources to meet their wants. Inequality between infinite needs and finite resources is known as scarcity.
Is the impact of a substantial government deficit on the level of prices in the economy macro or micro?Macroeconomics is more likely to be used to study how a huge government's budget deficit affects the level of prices in the economy. This is due to the fact that both the government's budget deficit and the price level are factors that have an impact on the entire economy.
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clients are served in a process with two resources (workers in each resource work independently). the processing time (per worker) of the first resource is 13 minutes. the processing time (per worker) of the second resource is 4 minutes. the first resource has 3 workers and the second resource has 3 workers. assume 3 workers are added to the bottleneck resource. instruction: round your answer to three decimal places what would be the capacity of this process?
The capacity of the first resource is 10/110 = 0.091 applications per minute. The capacity of the second clients resource is 1/16 = 0.063 applications per minute.
In home and office networks, a client is any hardware or software that tries to access a service provided by a server. The person or program making a request in a client-server architecture is frequently referred to as the client. Client end-user devices include, for instance, smartphones, laptops, and desktop PCs.A client in a computer network requests a server's service or resource in a client-server model. The server may be located there or elsewhere.In a client-server architecture, clients ask servers for information or resources that the latter cannot give them. A network can connect clients and servers even while they are separated by distance. They mightSince the capacity of the second resource is the lower of the two, the second resource is the bottleneck. Therefore, the capacity of the process is 0.063 applications per minute or 60 × 0.063 = 3.75 applications per hour.
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2. one way to help achieve lean production systems is to employ flexible automated manufacturing equipment and automated material handling systems. a natural result of such a move is that fewer people are required in the process, an issue addressed regularly in negotiations with labor unitions. do you think there is a conflict between such a move and the principle of respect for people in the toyota production system?
The Toyota Production System does emphasize respect for people, as it focuses on employees being viewed as an invaluable resource for the company.
Do you believe that such a move and the Toyota production system's value of respect for people are at odds with one another?No, there is not necessarily a conflict between implementing automated manufacturing and material handling systems and the principle of respect for people in the Toyota Production System.Automation can help optimize the production process and reduce the amount of labor needed, while at the same time allowing for more meaningful and fulfilling work for those who remain in the process.Automation can also reduce the potential for physical injuries that may occur due to manual labor. Ultimately, automation can help create a safer, more efficient, and more respectful work environment.This respect for people is seen in the Toyota Production System's focus on employee involvement, empowerment, and continuous improvement. As such, there could be a potential conflict between the move towards employing flexible automated manufacturing equipment and automated material handling systems, and the principle of respect for people in the Toyota Production System.The move towards automated systems may lead to fewer people being employed in the process, which could lead to employees feeling devalued and disrespected.To learn more about the principle of respect for people in the toyota production system refer to:
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what could be responsible for the lack of women and people of color in top management positions at nike? what actions should nike take to accelerate the movement of women and people of color into director positions? as nike's ceo, what can mark parker personally do to help prepare women and people of color to move into leadership positions? can training help nike have a more diverse management and leadership team? explain and discuss your position.
Training can help Nike have a more diverse management and leadership team. By providing training on unconscious bias and cultural competency.
Nike can educate its managers and employees on how to recognize and address unconscious bias in the workplace, which can help ensure that the hiring and promotion process is fair and equitable. Additionally, by providing leadership development programs to underrepresented groups, Nike can help to build a pipeline of diverse talent that is prepared to take on leadership roles within the company.In conclusion, the lack of diversity in management and leadership positions at Nike is a complex issue that can be attributed to multiple factors. A comprehensive approach including addressing unconscious bias, promoting mentorship, creating a more inclusive and supportive work environment and providing training and development opportunities is needed to accelerate the movement of women and people of color into director positions. The company's leadership and CEO should personally be involved in driving the change and promoting an inclusive culture.
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what section of law allows a broker to accept a referral fee from a party the broker does not represent
Section 175.7 of the NY Real Property Law is a section of law allows a broker to accept a referral fee from a party the broker does not represent.
The definition of a brokerA broker is a person or company that intermediaries transactions between investors or consumers and the capital market. Brokers have more experience and knowledge of transactions. For commercial transactions, especially those involving high-value goods such as gold, silver and important documents via the internet, it will be safer to be supported by brokerage services.
The role of a broker is as an intermediary between investors or clients and the capital market. Brokers are fully responsible for executing sales and purchase transaction orders made by investors. One of the functions of a broker is to carry out capital market analysis, making recommendations to investors based on stock analysis, such as economic and market analysis, reputation of the owner's company and other related information on the capital market. The more recommendations given, the higher the reputation of the broker.
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a. corporations generally find it relatively difficult to raise large amounts of capital. b. corporations generally face relatively few regulations. c. corporate investors are exposed to unlimited liability. d. less of a corporation's income is generally subjected to taxes than would be true if the firm were a partnership. e. corporate shareholders escape liability for the firm's debts, but this factor may be offset by the tax disadvantages of the corporate form of organization.
The correct statement is the corporations generally find it relatively difficult to raise the large amounts of capital.
What is capital?The broad definition of capital encompasses a factory and its equipment, intellectual property like patents, and the financial assets of a firm or a person. Capital is anything that benefits or adds value to its owners. Even though money can technically be referred to as capital, the phrase is most often used to describe funds that are being used for investments or productive activities. Finance for an organization's expansion and ongoing operations are both dependent on money. Finance for a business can come from both internal operations and loan or equity financing. When making budgets, firms of all sizes frequently give priority to operating capital, equity capital, and loan capital.
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A successful supply chain management strategy integrates which of the following:Multiple ChoiceO processes and systems within and across organizations.O processes and systems within the organization.O the flow of materials within an organization.O the flow of information within the buying organization.O the flow of information with first tier suppliers.
A successful supply chain management strategy integrates processes and systems within and across organizations.
What is supply chain management?Supply chain management in business is concerned with a system of purchasing, operations management, logistics, and marketing channels in order to transform raw resources into finished goods and deliver them to the final consumer. Globalization in the context of supply chain management describes the method through which a corporation conducts its operations on a worldwide scale. Trade globalisation gives businesses the chance to access new consumers in new markets, which drastically changes how successful manufacturers must conduct their business. A corporation, its suppliers, and its consumers make up the simplest form of a supply chain. Producers of raw materials, manufacturers, distributors, retailers, and retail customers are a few examples.
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your grandfather invested $1,000 in a stock 50 years ago. currently, the value of his account is $324,000. what is his geometric return over this period? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)
Over this time, his geometric return is 5.48.
What in finance is a geometric return?The average rate od return on an investment compounded over a number of periods can be determined using the hyperbolic average return formula. In other words, the geometric average profit accounts for compound interest throughout the course of the number of periods.
How can I calculate a stock's geometric return?By multiplying n components and then computing the nth -root, one can calculate the geometric mean, which represents the average value of an investment. In other words, it is a metric used to assess the performance of a particular property or an investment strategy.
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the entrance by a company into another market or industry for which it has an existing expertise is called
A company's introduction into a new market or industry where it has prior experience is referred to as (D) domain selection.
What is domain selection?Domain selection describes a company's entry into a new market or sector where it already has experience.
A business domain identifies the scope of an organization's operations.
In general, it refers to the service the business offers to its customers.
For instance, FedEx offers courier delivery.
Gives your company more professional credibility and distinguishes you from the other get-rich-quick scheme websites out there. enables your brand to be seen.
An excellent domain will generate awareness and draw visitors, much like a storefront window.
Therefore, a company's introduction into a new market or industry where it has prior experience is referred to as (D) domain selection.
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Complete question:
The entrance by a company into another market or industry for which it has existing expertise is called _____.
A.benchmarking
B.strategic positioning
C.outsourcing
D. domain selection
E.cooptation
rich country a enters into a free trade agreement with poor country b. poor country b improves its productivity. rich country a pays lower prices for goods imported from poor country b. however, samuelson expresses concern that these lower prices may not offset possible blank
Samuelson worries that these decreased costs could not be able to offset potential declines in real wage rates.
When a wealthy nation and a developing nation sign a free trade agreement?According to the Samuelson Critique, if a rich country and a poor country engage into a free trade agreement that lowers wages in the wealthy country, the reduced prices that the inhabitants of the richer country pay might not be sufficient to generate a net gain for just that economy.
What justifies free trade most strongly?Justifications for Free Trade It makes it possible to manufacture goods and services more effectively. This is due to the fact that it promotes the production of goods and services in areas with the best available infrastructure, natural resources, and human capital. It raises productivity, which over time may result in better wages.
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Suppose Ruston Company has the following results related to cash flows for 2020: Net Income of $5,800,000 Increase in Accounts Payable of $300,000 Increase in Accounts Receivable of $600,000 Increase in Debt of $700,000 Depreciation Expenses of $1,200,000 Purchases of Property, Plant,
$9,500,000 is the Cash Flows Flow from Operating Activities. Consider the following cash flow outcomes for Ruston Company.
What does the term "company" mean?A group of individuals can form a legal entity called a corporation to carry out and manage a business activity, whether it's commercial or industrial. According on the corporate legislation of its country, a corporation may be set up in a variety of ways both tax and financial responsibility reasons.
Net Operating Expenses
Net Income $6,800,000
Adjustment:
Increase in Accounts Payable of $200,000
Decrease in Accounts Receivable $800,000
Depreciation of $1,600,000
Less Increase in Inventory ($300,000)
Other Adjustments from Operating Activities of $400,000
Net Cash Flow from Operating Activities $9,500,000
Consequently, the $9,500,000 in net cash flow generated by operating activities.
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why is each of the following good legal advice? a. when using independent contractors, firms must be prepared to relinquish most of their control over how work is done. b. firms should closely review the status of long-term independent contractors and not assign new projects to them without renewing agreements. c. independent contractor agreements should be used, but only when they document actual independent contractor relationships. d. be particularly cautious about changing the status of workers from employees to contingent workers or having workers with different statuses perform the same work for long periods of time. e. client companies should refrain from closely supervising agency temporary workers or selecting individual temp workers for hiring or firing.
Independent contractors are self-employed individuals or businesses that provide services to other companies or organizations on a contract basis.
Who are Independent contractors ?They are not considered employees of the company they are providing services to and are not entitled to the same benefits and protections as regular employees. Independent contractors are responsible for their own taxes, insurance, and other business expenses. They typically have more control over their work schedule and methods, and are paid on a project or task basis rather than receiving a regular salary or hourly wage. They usually have their own equipment and tools to perform their work. They have the ability to work with multiple clients and are not bound to work exclusively for one company.
According to question:-
a. When using independent contractors, firms must be prepared to relinquish most of their control over how work is done because independent contractors are considered self-employed and are responsible for their own work methods and schedule.
b. Firms should closely review the status of long-term independent contractors and not assign new projects to them without renewing agreements because the more control a firm has over a worker, the more likely it is that the worker is considered an employee rather than an independent contractor.
c. Independent contractor agreements should be used, but only when they document actual independent contractor relationships because misclassifying employees as independent contractors can lead to legal and financial penalties for the firm.
d. Be particularly cautious about changing the status of workers from employees to contingent workers or having workers with different statuses perform the same work for long periods of time because it can be seen as an attempt to avoid providing employee benefits and can lead to legal issues.
e. Client companies should refrain from closely supervising agency temporary workers or selecting individual temp workers for hiring or firing because it can be seen as an attempt to control the worker, which can make the worker considered an employee rather than a temporary worker, and can lead to legal issues.
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which would be better for estimating the parameter: an sts of 20,000 returns or an srs of 2000 returns
IRS audits which is the The Internal Revenue Service plans to examine an SRS of individual federal income tax returns from each state.
You can choose between taking a simple random sample of 2000 or a simple random sample in this situation where the I. R. S. is attempting to conduct a survey. Oh 20,000. The second one would be better because it has a larger sample size, which denotes that there are fewer, so we would want to know which one is better. The likelihood that we will be able to capture the population increases, right? Because we do not expect the extreme value select to have a significant impact on the sample mean we obtain, that is the answer.To know more about revenue here'
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If there are major failures of several large banks or many small banks, and the Federal Deposit Insurance Corporation (FDIC) insurance fund is insufficient to cover all of the depositors' losses, which of the following bodies is responsible for paying the depositors money owed by the FDIC
Correct answer is US government.
The Federal Deposit Insurance Corporation (FDIC) is an impartial corporation created with the aid of the Congress to maintain balance and public self assurance in the nation's monetary system.
What are the duties of the FDIC?To accomplish this mission, the FDIC insures deposits; examines and supervises monetary establishments for safety, soundness, and patron protection; makes giant and complex economic establishments resolvable; and manages receiverships.
Where does the FDIC's Reserve Fund come from?The FDIC does not operate on money appropriated by way of Congress. Its earnings is derived from insurance plan premiums on deposits held through insured banks and savings associations and from interest on the required investment of the premiums in U.S. Government securities.
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https://brainly.com/question/14075364#SPJ4what should you keep in mind when examining an income statement? multiple select question. time and costs asset composition cash versus noncash items gaap
When examining an income statement, it is important to keep in mind the time period covered by the statement, the costs associated with generating income, the composition of income-generating assets, the differences between cash and non-cash items, and the generally accepted accounting principles (GAAP) used to prepare statement.
It is also important to consider any extraordinary items that are included in the income statement and to be aware of any changes in the accounting methods used to prepare the statement. By being aware of all these factors, you can better understand the income statement and be better prepared to make informed decisions about the company's financial performance.
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a company purchased a mine at a cost of $1,500,000. it expects to mine 2,000,000 tons of ore from this mine. the salvage value of the mine is expected to be $250,000. if 150,000 tons of ore are mined and sold during the first year, the journal entry to record the depletion is:
The entry in the journal to reflect Debit Exhaustion Expense $93,750;
Depletion expense what is it?Profits are reduced by a cost for decreasing natural resources. In the mining, forestry, and petroleum and natural gas industries, where development and exploration costs are capitalized, depletion is most frequently utilized as a rational method for allocating these costs to expenses.
Does evaporation contribute to depreciation?Depreciation occurs when a natural resource, such as an oil or gas reservoir, becomes less plentiful and cheap In this instance, depletion is used instead of depreciation to describe it. If a corporation later updates its assessment of the amount of reserves still present, the rate of depletion may change.
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you have been assigned as the project manager during the initiation phase of a project that is being performed for your organization. you have been asked to define the business and compliance requirements that are to be included in the initiation documentation of the project. which statement best represents the criteria that you should meet when defining requirements?
In the given case-
Requirements need to meet customer expectations
The process of organizing a team's efforts to complete a project within its constraints is known as project management. In project documentation that is created at the start of the development process, this information is typically described. Budget, time, and scope are the main restrictions.The project manager is responsible for overseeing every aspect of the project, including its scope, team management, and resources allocated to it.Planning, obtaining, carrying out the project, and finishing a project these are all tasks that a project manager is in charge of.To know more about project manager here
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