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DanielleElmas [232]
3 years ago
15

n certain circumstances, a taxpayer who provides less than half the support of another may still be able to claim that person as

a dependent as a qualifying relative. True/false
Business
1 answer:
siniylev [52]3 years ago
7 0

Answer:

True, through a multiple support agreement signed between 2 or more taxpayers that provide financial support to the same dependent.

Explanation:

Form 2120 allows taxpayers to claim deductions for a relative as a dependent on their tax returns, but since they do not pay at least 50% of their expenses, they cannot claim them under normal rules. Certain conditions must be met, the most important are:

  • the taxpayer must pay for at least 10% of the dependent financial needs
  • they must have signed a multiple support agreement (the other taxpayers waive their right to claim the person as a dependent).

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Which statement is true of adolescent cognitive skills? a. Adolescent processing speed slows because of numerous changes in seve
sveta [45]

Answer: Option (A)

Explanation:

From the following given options, we can state that "Adolescent processing tends to speed slows and easy, this is so since there happens to be numerous changes in an individuals hormones." An individual go through changes through out his/her life especially these changes are in accordance with their hormones and tend to affect the cognitive skills.

6 0
3 years ago
Company A has a shorter Average Collection Period than Company B using the formula 365 / (Credit Sales / Average AR Balance). Wh
Irina-Kira [14]

Answer:

Statement B is correct

Explanation:

Provided Information that,

Company A has shorter Average Collection Period than Company B,

Average Collection Period refers to the period in which the cash is collected from debtors.

Thus in the given statements only statement B states that Company A is more efficient in collecting receivables from debtors, thus it is the correct statement.

Statement A is wrong as Company A has less Average Collection Period, thus it's credit sales percentage would be higher than Company B.

Statement C which states about generating revenue is not correct as the company might have cash sales.

Statement B is correct

3 0
3 years ago
While developing products for the LEGO DC Super Hero Girls line, the company should develop a marketing strategy based on which
mylen [45]

Answer: psychographic

Explanation:

Psychographics is the marketing method whereby the consumers are studied based on their psychological characteristics like the interests, desires, lifestyle choices, values, goals, etc.

Psychographics focuses on the values and the emotions of the consumers by understanding them so that the marketing of goods can be done more accurately.

5 0
3 years ago
Dr. Jones’ office has purchased the above equipment. It is now Year #2 and there is a $7,000 annual maintenance fee that needs t
Paul [167]

The Loss recorded in the year 2 for the table is -$35,841.39.

<h3>What is the profit or loss on the table? </h3>

<u>Year 2 </u>

Monthly Cost in year  $1564.29

Maintenance               $0  

Salary                          $39600

Fixed cost                   $0

Variable cost              <u>$356.40</u>

Total cost                   <u>$41520.69</u>

Reimbursements = $5679.30

Profit or Loss = Reimbursements - Total cost

Profit or Loss = $5679.30 - $41520.69

Loss =  -$35,841.39.

Read more about Profit or Loss

<em>brainly.com/question/17515276</em>

#SPJ1

3 0
2 years ago
What are some potential problems or limitations with this approach of using tesla as a representative company for smi? what impr
patriot [66]

It is challenging to calculate the company's cost of equity due to its private ownership. Therefore, it seems sense that you would wish to assess the cost of capital for SMI using the pure play approach. Tesla has been picked as the representative business.

To ensure as much resemblance when determining the riskiness of the project, the pure play strategy simply advises that we select a public firm that is 'purely' engaged in the type of work or projects we are going to carry out.

Tesla appears to have been chosen as a representative by SMI because it is a vehicle manufacturer and works in battery development.

Improvements

1) Decide on an appropriate pure play business. in and of itself, challenging. By then looking for pure play companies that manage those kinds of projects, they may identify distinct projects in their portfolio and discover appropriate betas for each of their different initiatives.

2) The analysis of options and futures on the shares of the publicly traded company that is utilized for pure play can be used to determine forward-looking betas. This will resolve the problem with betas that look ahead.

To learn more about Tesla here

brainly.com/question/23838761

#SPJ4

8 0
2 years ago
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