Wayne and celia had been married for 24 years before wayne died in an accident in 2014 . celia and her son, wally, age 21 in 2014 , continued to live at home in 2014 , 2015 , 2016 , and 2017 . wally worked part-time (earning $5,000 in each of the four years) and attended the university on a part-time basis. celia provided more than 50% of wally's support for all four years. what is celia's filing status for 2014 , 2015 , 2016 , and 2017 ?

Answers

Answer 1

Answer:

Answer:

I have put the filing status in table. So please refer attachment 1 for the table.

Explanation:

Please refer to attachment 1 for explanation.

Celia was married 24 years ago, i.e. 1980 and in 2014 her husband died, now her filing status is Widower since she didn’t marry till 2016 but she has son so he would be dependent member because Celia pays more than 50% of his expenses. Hence, the filing status for Celia would remain same till she pays for her son.

Answer 2

Answer: 2014 married with 1 dependent, then for 2015 on...single with 1 dependent.

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Under which one of the following business organizations do the owners have unlimited liability for all debts of the firm?(A) partnership
(B) limited partnership
(C) corporation
(D) subchapter S corporation

Answers

Answer:

(A) partnership

Explanation:

In a partnership every partner has unlimited liability for all of the debts. There is a ver important difference with sole propietor's, any member of the partnership is responsible for debts of the business, even if the person had no responsability with the creation of the debts.

Supply has the potential to contribute to: ___________a. Cost management, profitability, return on assets, competitive position and corporate social policy. b. Cost management, profitability, return on assets and competitive position. c. Cost management, profitability and return on assets. d. Cost management and profitability. e. Cost management.

Answers

Answer: Cost management, profitability, return on assets, competitive position and corporate social policy

Explanation:

Supply has the potential to contribute to cost management, profitability, return on assets, competitive position and corporate social policy.

Supply is defined as the amount of goods or services that a supplier is willing to offer for sale at a particular price and at a certain period. The amount of goods offered can determine the revenue generated and hence the profit made.

The semiconductor business of the California Microtech Corporation qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $8 million. The loss from operations of the segment during 2021 was $3.6 million. Pretax income from continuing operations for the year totaled $5.8 million. The income tax rate is 25%. The estimated fair value of the segment's assets, less costs to sell, on December 31 was $7 million. Prepare the lower porti

Answers

Answer:

Net Income = $1,650,000

Explanation:

"The missing question is Prepare the lower portion of the 2021 income statement beginning with income from continuing operations before income taxes. Ignore EPS disclosures. (Amounts to be deducted and negative amounts should be indicated with a minus sign"

California Micro-tech Corporation

Partial Income Statement

For the year ended December 31, 2021

Income from continuing operation $5,800,000

before Income taxes

- Income tax expenses $1,450,000

($5,800,000 * 25%)

Income from Continuing Operation A $4,350,000

Discontinued Operations

- Loss from operation discontinued $3,600,000

component

Income tax benefit $900,000

($3,600,000 * 25%)

Loss on discontinued operation B - $2,700,000 -$2,700,000

Net Income (A + B) $1,650,000

Question Help The production demand for widgets for a 250-workday year is 7,500 units. Ordering costs are $25.00 per order and carrying costs are $9.00 per unit per year. Four days must be allowed between order placement and order receipt. What is the reorder point, assuming known and constant variables?

Answers

Answer:

120

Explanation:

Data provided in the question:

Number of workdays in a year = 250

Demand, D = 7,500 units

Ordering costs, F = $25.00 per order

Carrying costs, C = $9.00

Lead time = 4 days

Now,

Reorder point = Lead Time in days × Average Daily Demand

also,

Average Daily Demand = Demand ÷ Number of workdays in a year

= 7500 ÷ 250

= 30

Thus,

Reorder point = 4 × 30

= 120

Stanley Roper has $2,300 that he is looking to invest. His brother approached him with an investment opportunity that could give Patrick $4,800 in 4 years. What interest rate would the investment have to yield in order for Stanley’s brother to deliver on his promise? (Answer needs to be stated as a decimal. For example: .1192) Round to four decimal places.

Answers

Answer:

20.19%

Explanation:

The computation is shown below:

As we know that

Future value = Present value × (1 + rate)^number of years

where,

Present value = $2,300

Future value = $4,800

Time period = 4 years

So, the interest rate is

$4,800 = $2,300 × (1 + rate)^4

2.086957 = (1 + rate)^4

So after solving this, the interest rate is 20.19%

Kingbird Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2020, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below. Item D Item E Item F Item G Item H Item I Estimated selling price $146 $134 $116 $110 $134 $110 Cost 92 98 98 98 61 44 Cost to complete 37 37 31 43 37 37 Selling costs 12 22 12 24 12 24.Using the LCNRV rule, determine the proper unit value for statement of financial position reporting purposes at December 31, 2014, for each of the inventory items above.