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pantera1 [17]
1 year ago
5

Kenneth purchased a car from his local dealership, Quartent Cars. However, since the car was not available in the color that Ken

neth favored, the sales contract stipulated that Kenneth could immediately pick up the car of his preferred color from a nearby warehouse. The warehouse was owned by Mr. Henderson. Kenneth received the document of title for the car upon payment and presented it to Mr. Henderson a week later. But Mr. Henderson informed Kenneth that the car was damaged during a fire at the warehouse. What role does Mr. Henderson fulfill in the contract?\
Business
1 answer:
asambeis [7]1 year ago
4 0

Answer:

Mr. Henderson is the bailee

Explanation:

In contract law, the bailee is the person or organization that receives possession of a property or products by a contract of bailment. The contract of bailment requires that the bailee returns the property or products back to the bailor (person or organization that gave them the property) when required. The bailee is responsible for safe keeping the property or products handed to them as part of the contract of bailment.

You might be interested in
Armour, Inc., an advertising agency, applies overhead to jobs on the basis of direct professional labor hours. Overhead was esti
Vikki [24]

Answer:

The firm's overhead was $1,000 under-applied

Explanation:

For computing the firm overhead amount, first, we have to compute the predetermined overhead rate. The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $150,000 ÷ 15,000 hours

= $10

Now we have to find the actual overhead which equal to

= Actual direct labor-hours × predetermined overhead rate

= 14,500 hours × $10

= $145,000

So, the firm overhead equals to

= Actual manufacturing overhead - actual overhead

= $146,000 - $145,000

= $1,000 under-applied

5 0
2 years ago
In May 2020, Whitney filed for divorce from her husband, Michael. Although they lived apart for the last six months of the year,
pav-90 [236]

The filing status to be used by Whitney in 2020 is Married Filing Separately.

The filing status of an individual determines the tax return form an individual will use and includes 5 categories such as:

  • Single.
  • Married filing jointly.
  • Married filing separately.
  • Head of household.
  • Qualifying widow(er) with dependent child.

Married filing separately is used by married partners that choose to record their incomes and deductions on separate tax returns.

The Married Filing Separately helps one of the partner to own his/her tax liability separate from the spouse's tax liability.

Therefore, in conclusion, the filing status to be used by Whitney in 2020 is Married Filing Separately because the divorce is not yet finalized, thus, still legally married.

Learn more about this here

<em>brainly.com/question/12980432</em>

5 0
1 year ago
Yvette Bradbury is an account representative at Commerce Savings Bank, earning $45,600 annually, paid semimonthly. She contribut
FrozenT [24]

Answer:

taxable income per pay period = $1,637.50

Explanation:

first we must determine Yvette's pay per period. Since she is paid semimonthly, that means she gets paid twice a month = $42,000 / (12 x 2) = $42,000 / 24 pay periods = $1,750 per pay period

her 401 (k) contributions = $1,750 x 3% = $52.50

her medical premium = $60

taxable income per pay period = $1,750 - $52.50 - $60 = $1,637.50

7 0
2 years ago
4. Formulate an equation that would allow you to calculate the PERCENTAGE of people who filed their taxes during the week of Apr
STatiana [176]

Answer:

% people filed taxes = [Number of filed their taxes / Total number of people]100

Explanation:

% people filed taxes = [Number of filed their taxes / Total number of people]100

Assume;

Number of filed their taxes = 100

Total number of people = 1,000

% people filed taxes = [100/1000]100

% people filed taxes = 10%

5 0
1 year ago
At the beginning of April, Warren Corporation's assets totaled $240,000 and liabilities totaled $60,000. During April the follow
kicyunya [14]

Answer:

The Warren's total assets at the end of April is $345,000

Explanation:

The computation of the ending total assets value is shown below:

= Total assets - sale of stock + machine purchased - cash payment for purchase of building + purchase of short term investment - cash payment for purchase of short term investment - cash paid to the employee as a loan + notes issued

= $240,000 + $20,000 + $95,000 - $10,000 + $9,000 - $9,000 - $10,000 + $10,000

= $345,000

5 0
1 year ago
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