Al, walks in off the street, says the grounds could use some sprucing up, and offers to do it for $8 an hour. Management gives him a try for 6 months. He is told to come in Monday–Friday, from 9 a. m.-1 p. m., use the company’s garden tools and check in with the maintenance supervisor who will tell him what to do. Your company:

a. can pay Al as an independent contractor and issue a 1099 at year end
b. must pay him as an employee, withhold appropriate taxes and issue a W-2 at year end
c. can choose a. or b., depending on your company’s policy
d. can opt to treat Al as a temp

Following are the transactions for valdez services. the company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. the company paid $1,200 cash for the just completed two-week salary of the receptionist. the company paid $39,000 cash for equipment purchased. the company paid $800 cash for this month’s utilities. the company paid $4,500 cash in dividends to the owner (sole shareholder). examine the above transactions and identify those that create expenses for valdez services. prepare general journal entries to record those transactions that created expenses in the above given order.

Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x, y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.

If a government accumulates chronic budget deficits over time, what's one possible result? a. a collective action problem b. a debt crisis c. regulatory capture d. an unfunded liability