An independent contractor will earn business income while an employee will earn employment income.
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An independent contractor will earn business income while an employee will earn employment income.
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- As an employee benefit, personal days are scheduled so that they extend a Tuesday or Thursday holiday into a long weekend. Question 28 options: True FalseQuestion 13 Competitive bidding could either be open to all interested contractors or limited to a group of contractors selected by the Owner. O True FalseBaton Rouge Company is considering purchasing new equipment which will cost $950,000. This equipment is expected to have a useful life of 12 years, have a salvage value of $50,000 and is expected to have an annual net cash inflow (before taxes) of $80,000. Assume the company is in the 34% tax bracket. What is Baton Rouge's annual net cash inflow (after taxes)? Question 12 options: $13,200 $73,200 $78,300 $112,800 $52,800
- Question 3: Compute the probability of randomly drawing 7 cards from a deck of cards by getting 4 Hearts and 3 Aces. What would be the Expected Monetary Value (EMV) if 400 USD is paid the moment all of these cards are drawn? Write the implication of the EMV.Question : The heat loss through the exterior walls of a processing plant is estimated to cost the owner $4,000 next year. A salesman claims he can reduce the heat loss by 80% with the installation of $10,000 of Superfiber now. If the cost of heat loss rises by $500 per year, and the owner plans to keep the building five more years, what is his rate of return ?Question 1 The probability that equipment in a hospital lab will need recalibration is given in the table below. A service firm will provide maintenance and provide any necessary calibrations for $650 per month. Recalibration costs $500 per time. Number of Recalibrations 0 1 2 3 4 Probability of Occurrence .15 .25 .30 .20 .10 Determine which approach, recalibration as needed or the service contract, would cost less. Question 2 Determine the optimum preventive maintenance frequency for each of the pieces of equipment below if breakdown time is normally distributed. Equipment Average Time (days) between Breakdowns Standard Deviation Preventive Maintenance Cost Breakdown Cost A201 20 2 $300 $2300 B400 30 3 $200 $3500 C850 40 4 $250 $4800 Hint: Step 1:Compute the ratio of preventive cost to breakdown cost for each piece of equipment (round to a maximum of four decimals). Step 2: Find the z value corresponding to the ratio from Step 1 and use this value of z to compute…
- Question 4 Cost-benefit-tradeoff problems are linear programming problems involving the allocation of limited resources to activities. O True O FalseQUESTION 1Takyiwaa, Salamatu and Adade are Undergraduate Students from the University of Professional Studies who studied Management of Small and Medium Enterprise. After their National Service they decided to start a Restaurant Business. The overarching purpose for opening a Restaurant, was to be the second to none producers of Quality service in the Restaurant Business in Accra and respect for the customer. Starting a business of like nature is time consuming and full of uncertainty in view of the risk involved. Takyiwaa, Salamatu and Adade have been in the same class since Level 100 and they have the belief that, the future of the business they are about to start, its success and failure is within their control and that external influence has a very little control.They had a meeting and agreed that it is important to systematically gather information and analyze these information concerning other Restaurants Business trends and activities within Accra, in order to further their…QUESTION #1 Mrs. Johnson, the owner of a small manufacturing business has patented a new device for kitchen appliance. Before trying to commercialize the device and add it to her existing product line, the she wants reasonable assurance of success. Variable costs are estimated at $8 per unit produced and sold. Fixed costs are about $60,000 per year. a. Forecasted sales for the first year are 15,000 units if the price is reduced to $20. With this pricing strategy, what would be the product's total contribution to profits in the first year? b. If the selling price is set at $30, how many units must be produced and sold to break even? Use both algebraic and graphic approaches
- Question 4 A manager wants to purchase a new piece of processing equipment and must decide on the number of spare parts to order with the new equipment. The spares cost $250 each, and any unused spares will have an expected salvage value of $75 each. The distribution of usage of parts is shown in the following table: NUMBER 0 1 2 3 4 5 FREQUENCY 0.2 0.2 0.2 0.15 0.15 0.1 If the part fails and a spare is not available, it will take three days to obtain a replacement and install it. The cost for idle equipment is $500 per day. a) What quantity of spares should be stocked? b) Assume the supplier of the parts offers a 20 % discount (all units discount) for purchasing five units or more. Do you think the order quantity will be different? If yes, propose the new order quantity.Question 2 Waterfall system development process is a sequential, multistage system development process. O True O FalseQuestion #28 of 85 Question ID: 1251794 Todd and Mary own a local store. They would like to establish a business plan to ensure it will continue to operate in the event an owner becomes disabled or dies. They do not want to change the structure of their business nor do they want to relinquish any control of the company. Which one of the following statements satisfies Todd and Mary's goals? A) A buy-sell agreement would enable the owner to create a market for the business; however, gift tax may be incurred when interests are gifted. B) A buy-sell agreement should be used because it assures the owners of a market for their business, while a recapitalization does not. C) A buy-sell agreement should be used because it allows the owners to set a desired purchase price in a private agreement that cannot be scrutinized by the IRS. D) A buy-sell agreement would allow them to continue operating the company without additional participants, while a recapitalization…