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MindTap Business Law, 1 term (6 months) Printed Access Card for Cross/Miller's The Legal Environment of Business: Text and Cases, 10th (MindTap Course List)
10th Edition
ISBN: 9781337093842
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 16, Problem 4BCP
Summary Introduction
Case summary:Person KP offered to person CS to join her interior design business. At the time of offer person KP and person CS were in a relationship. CS engaged in every field of business-like marketing and designing. CS was working without salary, he was only reimbursed for the expenses of credit card. He expressly left the profits because he wanted to develop business. KP fired CS after they broke up. CS objected that they were partners.
To find: Person CS is entitled to 50 percent of the profits.
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MindTap Business Law, 1 term (6 months) Printed Access Card for Cross/Miller's The Legal Environment of Business: Text and Cases, 10th (MindTap Course List)
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- Crich Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor hours were 33,280 hours and the total estimated manufacturing overhead was $634,368. At the end of the year, actual direct labor hours for the year were 31,500 hours and the actual manufacturing overhead for the year was $634,368. Overhead at the end of the year was _. Financial Accountingarrow_forwardPlease given answer general accountingarrow_forwardCrowd Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $123,500 and $138,000, respectively. During the year, actual overhead was $114,400, and actual direct labor cost was $133,000. The entry to close the over- or underapplied overhead at year-end, assuming an immaterial amount, would include: Answerarrow_forward
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