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miss Akunina [59]
2 years ago
3

Within the modern employment relationship, the ___________ is liable for the acts of a(n) __________ that are accomplished withi

n the scope of employment.
Business
2 answers:
posledela2 years ago
6 0

Answer:

Employer; employee

Explanation:

Okay, in order to understand this question we have to know and understand what is called the 'respondeat superior'. The respondeat superior is a kind of doctrine that describes how employers are liable to the actions of the employees within the scope is employment. The doctrine originated from England and now it is been used in the United States of America. In this doctrine the employer is known as the principal while the employee is known as the agent. The employer control how his or her company or organization is been run while the employee have to work under the employer for the smooth running of the company or organization. Whatever happens to the employees during the course of his or her work under the employer, the employer is liable for it.

Softa [21]2 years ago
5 0

Answer:

Employer; Employee

Explanation:

Within the modern employment relationship, the _Employer_ is liable for the acts of a(n) _Employee_ that are accomplished within the scope of employment

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Libby Company uses the percentage of credit sales method for calculating Bad Debt Expense. The company reported $226,500 in tota
PSYCHO15rus [73]

Answer:

The estimated amount of Bad Debt Expense for the year is $12,950

Explanation:

According to the given data we have the folloiwng:

reported sales during the year= $226,500

credit sales=$185,000

Libby has experienced bad debt losses of 7% of credit sales in prior periods

Therefore, in order to calculate the estimated amount of Bad Debt Expense for the year we would have to make the following calculation:

estimated amount of Bad Debt Expense=credit sales×bad debt losses percentage of credit sales in prior periods.

Hence, estimated amount of Bad Debt Expense= $185,000× 7%

estimated amount of Bad Debt Expense= $12,950

The estimated amount of Bad Debt Expense for the year is $12,950

4 0
2 years ago
Zagat Inc. enters into an agreement on March 1, 2014, to sell Werner Metal Company aluminum ingots in 2 months. As part of the a
salantis [7]

Answer:

A. Debit Cash with $200,000, and Credit Liability to Werner Metal Company with $200,000 .

B. Debit interest expense and Liability to Werner Metal Company  with $4,000 and $200,000 respectively, Credit cash with $204,000.

Explanation:

A) Prepare the journall entry necessary on March 1, 2014.

Details                                                     Dr ($)                 Cr ($)

Cash                                                      200,000

Liability to  Werner Metal Company                             200,000

<em>Being cash received from the agreement to sell aluminum ingots in 2 months.</em>

B) Prepare the journal entry for the repurchase of the ingots on May 1, 2014.

 Details                                                       Dr ($)                 Cr ($)

Interest expense ($200,000 × 2%)          4,000

Liability to  Werner Metal Company     200,000

Cash                                                                                   204,000

<em>Being settlement of liability with interest for the repurchase of the ingots.</em>

4 0
2 years ago
For large projects that involve several hundred people performing various activities over several years, it is practical to have
lesantik [10]

Answer: False

Explanation:

It is very Impractical to have each person in such a project estimate activity durations at the beginning of the project.

Firstly there are several hundred people involved and it is a very large project, each and every person cannot begin to guess how long activities will take because the plans will have to fit into the next person's plans. It is impractical.

Also, it is a Long Term Project where people will perform different roles over those years. It is impractical for each person to estimate how long their activities will take to complete again because such plans would have to be interwoven with the next person's.

6 0
2 years ago
On October 1, Bentley Delivery Services acquired a new truck with a list price (fair market value) of $75,000. Bentley Delivery
Anettt [7]

Answer:

A.

Dr Depreciation Expense—Trucks $5,250

Cr Accumulated Depreciation—Trucks $5,250

B. Dr Accumulated Depreciation—Trucks $40,250

Dr Trucks $75,000

Cr Trucks $56,000

Cr Cash $51,000

Cr Gain on Exchange of Trucks $8,250

Explanation:

Preparation of the Journal entries

a. Preparation of the Journal entries to record the current depreciation of the old truck to the date of trade-in.

Dr Depreciation Expense—Trucks $5,250

Cr Accumulated Depreciation—Trucks $5,250

($7,000 × 9/12).

(Being to record the current depreciation of the old truck to the date of trade-in)

b.Preparation of the Journal entries to record transaction on October 1.

Dr Accumulated Depreciation—Trucks $40,250

($35,000+$5,250)

Dr Trucks $75,000

Cr Trucks $56,000

Cr Cash $51,000

Cr Gain on Exchange of Trucks $8,250

($40,250+$75,000-$56,000-$51,000)

(Being to record transaction on October 1)

8 0
2 years ago
Rachel paid $600 per month to rent a workshop. She paid weekly salaries to her three employees, amounting to a total of $3600 fo
Anna [14]

Answer:

<u>The correct answer is that Rachel's workshop total cost is US$ 5,700 per month and US$ 19 of average cost per unit sold every month.</u>

Explanation:

<u>1. Rachel's workshop monthly costs</u>

Rent US$ 600

Salaries US$ 3,600

Insurance premium US$ 300

Raw materials US$ 1,200

<u>Total monthly costs US$ 5,700</u>

<u>2.  Rachel's workshop average monthly costs</u>

Number of units sold per month = 300

Average monthly costs = Total monthly costs/Number of units sold

Average monthly costs = 5,700/300

<u>Average monthly costs = US$ 19</u>

3 0
2 years ago
Read 2 more answers
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