Does leana have a contract of service or a contract

Assignment Help Accounting Basics
Reference no: EM133156357

Question - SCENARIO - Leana has an annual contract with Industrial Injection Molding Solutions to provide property maintenance services; this includes lawn care, snow removal and parking lot maintenance. Leana spends, on average, 20 hours per week working at the company's premises and is paid a flat amount monthly. She hires part-time workers, when necessary, to assist her. Leana does not have any other clients.

Leana uses her own small tools; however the company supplies and maintains a riding lawn mower and a snow plow for her use. Her contact at the company is Kinta Abadio, the Facilities Supervisor, who meets with her every Monday to discuss the work to be done that week. Kinta approves Leana's monthly invoices and submits them to Accounts Payable.

Does Leana have a contract of service or a contract for service with Industrial Injection Molding Solutions? As the company's Payroll Manager, explain to Kinta the process and factors you used to make your decision.

Reference no: EM133156357

Questions Cloud

What is the value of the office building today : If demand increases, the building would be worth $63.4 million a year from today. What is the value of the office building today
Organizations in business management : Mention the three (3) social networks most used by organizations in business management. Explain how these networks support decision-making.
What is a financial benchmark : 1. What is a financial benchmark and what is it used for? 2. Why do managers examine trends when looking at financial statements?
Differentiate the company from competitors : Provide two or three examples of how a company you work for or are familiar with, perhaps even one you are a customer of, provides activities that add value to
Does leana have a contract of service or a contract : Does Leana have a contract of service or a contract for service with Industrial Injection Molding Solutions
Description of three counseling activities : A description of three counseling activities, exercises, or homework assignments that you will use (one in the initial session, one in a subsequent session, and
Digital forensics investigation team : Smart homes are fast becoming another important source of digital evidence. Recently, a bug in the Samsung smart refrigerator was discovered that allowed for a
Explain government exchange rate policy : Explain your government's exchange rate policy (fixed, floating, clean or dirty, or target range)
Explain the three varying characteristics of common shares : Explain the three varying characteristics of common shares. How is cost of common equity computed for no growth stock? for constant growth stock

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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