The maximum AOTC that can be claimed by Andre’s parents is $2,500.
American Opportunity Tax Credit means a tax credit on education expenses which are incurred within first four years of a student’s higher education.
The full tax credit is allowed when modified adjusted gross income is $160,000 or less.100% of first $2000 spent on education expenses and 25% of next $2000 of qualifying education expenses.Maximum AOTC = $ 2000 + (0.25 × $2000)
Maximum AOTC = $2000 + $ 500
Maximum AOTC = $2500
Therefore, the maximum AOTC that can be claimed by Andre’s parents is $2,500.
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A group of 10 golfing buddies have the following annual incomes: $32,000, $12,000, $56,000, $120,000, $10,000, $38,000, $70,000, $16,000, $20,000, $24,000. The share of income received by the lowest quintile of this income distribution is
The lowest quintile received $22,000.
Data and Calculations:
The number of golfing buddies = 10
A. = $10,000
B. = $12,000
C. = $16,000
D. = $20,000
E. = $24,000
F. = $32,000
G. = $38,000
H. = $56,000
I. = $70,000
J. = $120,000
Total - $398,000
The lowest, first, or bottom quintile is between 0 to 20%.
Thus, the lowest quintile received $22,000 ($10,000 + $12,000) from the income distribution.
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What is the advantage of using agents and brokers when a firm does not have its own sales forces?
Agents and brokers have extensive knowledge of the needs of consumers.
Agents and brokers gather and sort information for online consumers.
Agents and brokers can act as e-intermediaries for internet sales.
Agents and brokers have extensive knowledge of the markets and merchandise.
Agents and brokers encourage syndicated selling.
The advantage of using agents and brokers when a firm does not have its own sales force is that the agents and brokers have extensive knowledge of the markets and merchandise. Hence, Option D is correct.
Who are the agents and brokers?Brokers and agents are the people who are used by manufacturers for the possession of their goods in the market. They are the key source for such manufacturers who want to make their products easily available in the market.
The key role of the brokers and the agents is to bring in new buyers or clients for the company. They are hired by the companies as their representatives in front of the buyers.
As the agents and the brokers have a deep knowledge of the local market, it makes it easy for companies who do not have their own sales force to hire agents and brokers to sell their products in the market.
Therefore, Option D: Agents and brokers have extensive knowledge of the markets and merchandise.
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Question 4
4-1) Consider any organization you are aware of from work, study, or the
media. How do they manage people? Do people in those organizations
feel important?
Answer:
save the children they aware a lots of people to save thir child future
Freer trade, advances in information technology, and more global customers are pressuring many large global companies to:
Firms are often involve in different kinds of trade. Freer trade, advances in information technology, and more global customers are pressuring many large global companies to shift from functional structures to geographically based divisionalized structures.
There are great advances in information technology (IT). Firms often get benefits of free trade in IT as they are able to expand their business into other different new areas with less effective charges.
FTA is known to be very good to optimal sharing of resources in the region as it helps to boast the efficiency of economic activities and also increase the stock of a country's technology.
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Nexis Corp. issues 1,000 shares of $15 par value common stock at $25 per share. When the transaction is recorded, credits are made to: Group of answer choices Common Stock $15,000 and Paid-in Capital in Excess of Par Value $10,000. Common Stock $25,000 and Retained Earnings $15,000. Common Stock $15,000 and Paid-in Capital in Excess of Stated Value $10,000. Common Stock $25,000.
Based on the information given the transaction that is recorded are: credits are made to: Common Stock, $15,000, and Paid-In Capital in Excess of Par, $10,000.
Nexis Corp. Journal entry
Debit Cash $25,000
($25×1,000 shares)
Credit Common Stock, $15,000
($15×1,000 shares)
Credit Paid-In Capital in Excess of Par, $10,000
[($25-$15)× 1,000 shares]
(To record common stock)
Inconclusion the transaction that is recorded are: credits are made to: Common Stock, $15,000, and Paid-In Capital in Excess of Par, $10,000.
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give two examples of graphs and two examples of charts.
Answer:
A Bar Chart. A PIE CHART. LINE CHART. Area Chart. Dot Plot. A Pictogram. Radar Chart.Explanation:
Answer:
Types of Graphs and Charts
Bar Chart/Graph.Pie Chart.Line Graph or Chart.Histogram Chart.Area Chart.Dot Graph or Plot.Scatter Plot.Bubble Chart.lead a particular function or a subunit within a function. *
General Manager
Functional Manager
Front-Line Manager
ОСЕО
Answer:
Functional managers are accountable to manage people with specific skills and different resources within a department or section to meet functional objectives as well as corporate objectives. ... Sometimes, both functional managers and project managers have to work together to share resources and experience.
Explanation:function manager
Tanya's employer offers a cafeteria plan that allows employees to choose among a number of benefits. Each employee is allowed $6,000 in benefits. For 2021, Tanya selected $3,480 ($290 per month) of parking, $1,720 in 401(k) contributions, and $800 of cash. How much must Tanya include in taxable income
Based on the benefits that Tanya chose, the benefits to be included in taxable income is $1,040
The amounts that Tanya can include in taxable income are:
Cash Parking benefitsThe Parking benefits are however limited to $270 per month in 2021 which means Tanya can only include:
= (290 - 270) x 12 months
= $240
The amount to be included is therefore:
= 240 + 800
= $1,040
In conclusion, Tanya can include $1,040 of benefits in her taxable income.
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Ava School of Learning obtained a charter at the start of the year that authorized 50,000 shares of no-par common stock and 20,000 shares of preferred stock, par value $10. During the year, the following selected transactions occurred:
a. Collected $42 cash per share from four individuals and issued 5,200 shares of common stock to each.
b. Issued 6,200 shares of common stock to an outside investor at $42 cash per share.
c. Issued 8,200 shares of preferred stock at $22 cash per share.
Required:
Prepare the journal entries indicated for each of these transactions.
Answer:
plan c
Explanation:
I just guessed !!!! thanks for the points though
Answer:
plan c
Explanation:
my answer it coudn't be
Human Resources and many other departments at Walmart will use the following as a form of business communication
Human Resources as well as many other departments at Walmart usually use Accounting as a form of business communication.
Human resources can be regarded as division of a business which carry out some functions such as;
finding and screening of employees. recruitment of employees.training job applicants.administering employee-benefit programs.This department overseas the employees affairs as well as their behavior.
Therefore, they use accounting as means of communication.
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As a Paralegal, you have been asked to prepare a contract for your client based upon the following: Client: Tire Manufacturer, FT. Wayne, Indiana. The client is contracting to provide 15,000 tires per month to Car Assembly Plant in Louisville, Kentucky for the next 3 years. The price agreed upon is $30 per tire. The tires must be all-weather with a 60,000-mile warranty. It will be a destination contract. The car Assembly Plant is insistent that the tires be delivered in a manner so that there is always only a two-day supply stored at the Car Assembly Plant. The plant does not have enough room to store any additional tires. They would like there to be a penalty if the Tire Manufacturer brings too many. Your client is concerned about this provision as the number of cars manufactured each day varies. Car Assembly Plant is also concerned that the tire supply is never delayed because Car Assembly Plant has to pay the assembly workers if the assembly line stops because there are no tires. Car Assembly Plant wants Tire Manufacturer to pay for any downtime expenses due to lack of tires. Your Client would like there to be an Arbitration clause and that Indiana is the state to resolve issues. Additionally, there should be a Liquidation clause and a non-disclosure clause. Prepare a contract for your client. Attach the completed contract.
The question is about a contract between the Car assembly plant and tire manufacturer.
Supply Agreement is effective {date} between
Tire Manufacturer, FT. Wayne, Indiana. {the supplier}
and Car Assembly Plant in Louisville, Kentucky. {the purchaser}
Whereas Tire Manufacturer will supply Car Assembly Plant with 15,000 tires per month at a fixed rate of USD 30/- per tire for the next 3 years. The tire will be all-weather and a warranty of 60,000 mile is agreed.
The supply of the tire will be delivered by the Tire Manufacturer according to the daily needs of Car Assembly, the number of tires to be delivered will be communicated five days earlier and the tires should arrive at Car Assembly with in three days, failure to do so will result in a penalty. If the number of tire delivered are more than the number of tires ordered will result in penalty.
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What is polycentricity?
O A. Independent elements that are separate by bound to each other
O B. Independent elements that are separate
OC. Independent elements that are only nominally separate
O D. The consolidation of independent elements
Answer:
Definition of polycentric
: having more than one center (as of development or control): such as. a : having several centromeres polycentric chromosomes.
Explanation:
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A lessor enters a sales-type lease with an unguaranteed residual. The lessor will record:____.
a. A credit to sales revenue for the fair value of the asset less the gross amount of the unguaranteed residual value.
b. A debit to lease receivable for the gross amount less the present value of the unguaranteed residual value.
c. A credit to sales revenue for the fair value of the asset.
d. A credit to sales revenue for the fair value of the asset less the present value of the unguaranteed residual value.
Answer:
b
Explanation:
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You have a great idea for a business and are excited to get to work. You come across a similar business when doing searches online. Which of the following is the only thing you should NOT do at this information?
A. Learn what they did well and integrate aspects of it
B. Learn ways they haven’t been doing well to know what to avoid
C. Understand how to differentiate your business
D. Change your idea since it’s already being done
Answer:
I think ,it`s D.
Explanation:
Everyone has his own view on something ,in particular business .Why should you change your idea ? Who knows maybe you are the next Einstein who can find a diamond in a desert ?
Below are five items that would be included in the balance of payments for the United States. Sort each item into either the current account or the capital account.
a. a Japanese citizen earns dividend income on shares of stock of a U.S. firm
b. a U.S. citizen buys a vacation home in Acapulco, Mexico
c. a U.S. citizen buys a BMW made in Germany
d. a Japanese citizen donates money to a U.S. charity
The following items would be in the current account:
a U.S. citizen buys a vacation home in Acapulco, Mexico
c. a U.S. citizen buys a BMW made in Germany
The following items would be in the capital account:
A Japanese citizen earns dividend income on shares of stock of a U.S. firm.
a Japanese citizen donates money to a U.S. charity
The current account records information on the flow of tangible goods and services in a country.
Components of the current account
Trade balance - it records import and export. Net income - it records the income received by a country's residents less the income paid to foreigners. Transfers - it includes income sent to a country by its citizens working in foreign countries.The capital account is used to record capital transfers and investments.
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Impact of hiring based on experience rather than qualification
Answer: Those with experience rather than qualification will be able to complete work quickly and efficiently while being able to responsibly handle problems.
Explanation:
Of course those with qualification could work well, however experience usually creates a great gap in between those with and without experience.
If this answer is incorrect, simply correct it or mention that it is incorrect.
As a bank loan officer, you are considering a loan application by Endurance Sporting Goods. The company has provided you with the following information:
Cash $ 25,000
Account Receivable $45,000
Inventory $140,000
Fixed Assets $190,000
Current Liabilities $70,000
Long-Term Liabilities $90,000
Endurance Sporting Goods’ debt to owners' equity ratio (rounded to the nearest tenth of a percent) is
Endurance Sporting Goods’ debt to owners' equity ratio is 66.7%.
First step is to calculate the Owner's Equity
Owner's Equity=Total Assets - Total Liabilities
Where:
Total Assets =$25,000 + $45,000 + $140,000 + $190,000
Total Assets = $400,000
Total Liabilities =$70,000 + $90,000
Total Liabilities=$160,000
Let plug in the formula
Owner's Equity=$400,000-$160,000
Owner's Equity=$240,000
Second step is to calculate debt to owners equity ratio using this formula
Debt to owners equity ratio= Debt (total Liabilities)/Owner's Equity
Let plug in the formula
Debt to owners equity ratio = $160,000/$240,000
Debt to owners equity ratio = 0.667×100
Debt to owners equity ratio= 66.7%
Inconclusion Endurance Sporting Goods’ debt to owners' equity ratio is 66.7%.
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Based on the following information answer question Furniture manufacture has 3 units of standard direct material allowed for one unit of output. One unit of direct material is expected to be purchased on average at $10. During the period the manufacture has produced 7000 units of output 4 units of direct materials have been used. The direct materials have been purchased at $9 per unit. The total quantities of materials purchased were 30,000 units. 1.What is a standard cost for material? 2.What will be the total inputs allowed as per the budget for actual outputs achieved? 3.What is total actual direct material used to produce actual output? 4.What is the material price variance? 5.What is the material efficiency variance? 6.What will be flexible budget variance? 7.Which one of the following items would never appear on a cash budget?
1. The standard cost for material per output unit is $30 ($10 x 3).
2. The total inputs allowed for actual outputs achieved is 21,000 units (7,000 x 3).
3. The total actual direct material used for actual output is 28,000 units (7,000 x 4).
4. The material price variance is $28,000 Favorable {($10 - $9) x 28,000}.
5. The material efficiency variance is $70,000 Unfavorable (21,000 - 28,000) x $10.
6. The flexible budget variance is $28,000 Favorable ($280,000 - $252,000).
7. The item that would never appear on a cash budget is the Depreciation Expense.
Data and Calculations:
Standard units of input materials = 3 units
Average cost of a unit of materials = $10
Total cost of 3 units = $30 ($10 x 3 per unit output
Actual production = 7,000 units
Flexible units of materials = 21,000 units (7,000 x 3)
Actual units of materials used = 28,000 units (7,000 x 4)
Actual cost of materials purchased = $9 per unit
Thus, depreciation expense does not involve a cash flow.
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The Demand Curve is a line that is
downward sloping and to the right.
What important aspect of demand
does this illustrate?
A. At high prices, people want a small quantity. At low
prices, people want a large quantity.
B. At high prices, people want a large quantity. At low
prices, people want a small quantity.
C. People are indifferent to price.
Answer:
A. At high prices, people want a small quantity. At low
Explanation:
Internet domain names are linked to trademark issues. Technology makes it easy to copy and distribute music and movies without paying royalties. Business conducted on the internet raise security and privacy issues. What legal concerns are raised by these issues
Considering the situation described above, the legal concerns raised by these issues are "Piracy."
What is Piracy?Piracy is a term used to describe the unauthorized use or reproduction of another person's work.
Given that the issues above were centered on trademark, royalties, and privacy issues relating to works on the internet, this is an example of Piracy issues.
Hence, in this case, it is concluded that the correct answer is "Piracy."
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Suppose the price of movie tickets decreases by 4%, causing the quantity demanded of popcorn to increase by 10%. What would the cross-price elasticity for movie tickets and popcorn be in this example
The cross-price elasticity of movie tickets and popcorn will be -2.5 in this example. The cross elasticity of demand in economics describes how responsive a market is to changes in the price of one good relative to another.
An economic concept known as the cross elasticity of demand quantifies how responsively consumers purchase more of one commodity when the price of another good increase. This statistic, which is also known as cross-price elasticity of demand, is determined by dividing the percentage change in the quantity demanded of one commodity by the percentage change in its price.
In other words, it establishes the relationship between the quantity of one thing that is required in response to changes in the price of another good or product. Simply put, it tracks how demand for one good varies in response to changes in the price of another.
Therefore, the cross-price elasticity will be -2.5.
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Which of the following is an example of a consumer service?
• brickmaker
• refrigerator repair
automobile manufacturer
laptop builder
Answer:
refrigerator repair
Explanation:
What is the unemployment rate in Cuba?
Answer:
Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Cuba unemployment rate for 2020 was 3.87%, a 2.2% increase from 2019. Cuba unemployment rate for 2019 was 1.67%, a 0.03% decline from 2018.
Explanation:
According to the figure, which point(s) would see tax revenues increase if the tax rate decreased?
O a. only c
O b.only B
O c. A and C
O d. B and C
O e. only A
Help help help help
Answer:
B
Explanation:
The answer is B because the short-run Phillips curve is unemployment. When unemployment happens, it is decreasing and not increasing.
Consider a hypothetical business problem of increased number of incidents and service requests raised by the users that was affecting the turnaround time at their IT help desk. Which tool set combination has the potential to provide the complete end to end solution
Based on the information given, the set of tools that will be used include kore ai, smart analysis, ikon, dynatrace, and remedy.
From the complete information, smart analytics simply means the process of collecting and analyzing data in order to help businesses make better decisions.
Dynatrace is also important as it provides a softwares platform that's based on artificial intelligence which will help achieve organizational goals.
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The best life insurance policy for the payment of federal estate taxes for a 55-year-old couple with illiquid assets is:__________ A. AN individual whole life policy on each spouse on a cross-ownership basis B. A joint first to die life insurance policy owned jointly C. A jount last to die insurance policy owned by the spouse with the larger estate D. A joint and last to die insurance policy owned be an irrevocable life insurance trust
Answer:
D. A joint and last to die insurance policy owned be an irrevocable life insurance trust
Explanation:
the fair market value of all real and personal property owned at death, transfers with a retained life estate, transfers taking effect at death, revocable transfers, annuities, joint interests, certain powers of appointment, and certain proceeds of life.
Answer:
D
Explanation:
Answer: d) A joint and last-to-die life insurance policy owned by an irrevocable life insurance trust.
Olivas Recreation reported a net income of $3.2 billion, interest expense of $214 million, and income tax expense of $195 million in 2022. What is their times interest earned
The times interest earned is 16.86 times.
The times interest earned is also known as interest coverage. It is a type of coverage ratios. Coverage ratios measure the ability of a company to cover its debt payment.
Times interest earned = earnings before interest and taxes / interest payment
Earnings before interest and taxes = net income + interest expense + tax expense
$3.2 billion + 214 million + 195 million = $3.609 billion
Times interest earned = $3.609 billion / $214 million = 16.86 times
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The following information has been obtained from the Myers Corporation: 300,000 shares of common stock were outstanding on January 1, 20X1. 50,000 stock options were outstanding on January 1, 20X1; each option allows the holder to acquire one share of common stock for $20 per share. The average market price of the common stock during 20X1 was $25 per share. 48,000 shares of common stock were issued on February 1, 20X1. 18,000 shares of common stock were purchased on August 1, 20X1. What is the weighted average number of shares to be used in the calculation of diluted earnings per share for 20X1
Thus, the weighted average number of shares that Myers Corporation will use in the calculation of diluted earnings per share for 20X1 is 386,500.
Data and Calculations:
Date of Issue No. of Share Weight Weighted-Average
Outstanding, Jan.1 300,000 12/12 300,000
February 1 48,000 11/12 44,000
August 1 (Treasury stock) (18,000) 5/12 (7,500)
Jan. 1 (Stock options) 50,000 12/12 50,000
Weighted average number 386,500
In calculating the weighted average number of shares, the weight of each share issuance is dependent on the number of months that it has remained outstanding.
Thus, the weighted average number of shares that Myers Corporation will use in the calculation of diluted earnings per share for 20X1 is 386,500.
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Are the consequences of your decision something you can live with and feel proud of when other people find out? Why or why not?