Represents jason status in regards

Assignment Help Finance Basics
Reference no: EM132101037

Jason, who is very knowledgeable regarding computers, agrees to purchase computers for Nick's business. Jason is retained for that purpose only, he is paid a set rate for the job, and Nick exercised no control over the manner in which Jason did his work. Jason purchased computers from ABC Computers without any mention of Nick. The computers worked well and were not defective in any way. Unfortunately, Nick did not pay ABC Computers on a timely basis. Jason, therefore, paid ABC Computers out of his own pocket because he wanted to be able to do business with ABC in the future and also because his name was on the invoice. Jason asked Nick for reimbursement, but Nick refused. Nick claimed that if Jason had only waited, ABC Computer might have agreed to take less.

Which of the following likely represents Jason's status in regards to his employment with Nick?

a. He had a special status called employee-contractor, a term used to represent a contractor who is neither an employee nor an independent contractor.

b. He was an employee.

c. He was an independent contractor.

d. He was an implied contractor.

e. He was an express contractor.

Reference no: EM132101037

Questions Cloud

Essay on the topic - Communication-Problematising Identity : Question - Write an essay on the topic "Communication - Problematising Identity". Ensure APA guidelines are followed
How many joules of energy does the battery lose in a minute : A 12-V battery causes a current of 0.80A through a resistor. How many joules of energy does the battery lose in a minute?
Business consists of preparation and delivery of hot meal : Family Meals, Inc. is a thriving business in a large metropolitan area of over 500,000 people. The business consists of the preparation and delivery of hot meal
Create a primary function that returns the number of trials : Create a primary function that returns the number of trials that give each of the distinct simulated sums of two dice rolls.
Represents jason status in regards : Which of the following likely represents Jason's status in regards to his employment with Nick?
Examples of marketing activities : Problem: What are some examples of "marketing" activities that are associated with the Summer Olympics?
Find a word that contains the vowels : Will Shortz is a noted puzzlemaster for the New York Times and National Public Radio who frequently posts challenging word puzzles.
What is the power output of the charge escalator : A 1.5 V battery provides 0.50 A of current. At what rate (C/s) is charge lifted by the chargeescalator? What is the power output of the charge escalator?
Northeastern state was intrigued by idea of using drones : Sheriff Alonzo Griffith of Metropolitan County Government in a northeastern state was intrigued by the idea of using drones,

Reviews

Write a Review

Finance Basics Questions & Answers

  How an investor could purchase security using funds borrowed

Explain how an investor could purchase the security using funds borrowed from a bank (at a rate of .10 per year) and make a risk-free profit of $100 per year?

  The difficulty they have accessing the bandstand

Lately, some of City Band's older musicians have been having difficulty climbing the stairs to get up to the bandstand. In addition, there are two disabled musicians who play at all of the Band's rehearsals but are reluctant to play at the con..

  Compute the tangency portfolio weights

Compute the betas of AOL, Microsoft, and Intel with respect to the tangency portfolio found in exercise 5.2.

  What is weighted average cost of capital for the company

The company is in the 40% tax bracket. What is the weighted average cost of capital (WACC) for the company?

  What is an estoppel and why is it used

What is an estoppel? Why is it used?- What is meant by "loss to lease"? Explain.- What are (a) pass through expenses, (b) recoverable expenses, and (c) common area expenses? Give examples of each.

  Calculate the payback period for each

(Payback period calculations) You are considering three independent projects: project A, project B, and project C. Given the following free cash flow.

  What is the amount of the firm ebit

Advantage First Corporation has sales of $4,647,520: income tax of $588,170; the selling, general, and administrative expenses of $273,680.

  Create a chart summarizing the details of the investment

Create a chart summarizing the details of the investment for both Bob and Lisa - Explain the results in terms of time value of money

  Given the capital budgeting process investigate and explain

given the capital budgeting process investigate and discuss how academic knowledge might differ from the decisions of

  What is operating cash flow

If there is $126 in depreciation expense and the tax rate is 32.4%, what is operating cash flow? Round to the nearest penny.

  Draw the cash flows for the purchase option

A new small truck is offered for sale for $16,000 or it can be leased with a 36 month closed-end lease for $280 per month. If the truck is purchased.

  Describe the meaning of efficient markets

Describe the meaning of efficient markets and explain why might we expect markets to be efficient most of the time? In recent years, several securities firms have been guilty of using inside information when purchasing securities,

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd