In 2019, Krista paid $1,600 in qualified adoption expenses to adopt a U.S. child. The adoption was not finalized, and in 2020, she paid an additional $2,500 in qualified adoption expenses. The adoption failed again in 2020 and never became final. What is the maximum amount Krista may be eligible to claim for the Adoption Credit on her 2020 return

Answers

Answer 1

Considering the available options, the maximum amount Krista may be eligible to claim for the Adoption Credit on her 2020 return is "$4,100."

Adoption Credit Information

Based on the rules and regulations made by the government, if an individual made more than one attempt to adopt one eligible U.S. child, such individual should add the amounts spent and complete only the “Child 1” line.

However, it is allowed to complete more than Child 1 line when individuals adopt or tried to adopt two or three eligible children.

This implies that Krista would have to add the expenses together, which is $1,600 + $2,500 = $4,100.

Hence, in this case, it is concluded that the correct answer is "$4,100."

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Related Questions

Alpha Co. is paying a $.72 per share dividend today. There are 138,000 shares outstanding with a par value of $1 per share. As a result of this dividend, the:

Answers

The dividend paid reduces retained earnings by  $99,360

Dividend is the money paid out of profit after tax by a company to its shareholders.

We can compute the dividend paid by :

= Per share dividend * Shares outstanding

= $.72 * 138,000

= $99,360

Hence, dividend paid is $99,500 which reduces retained earnings by same amount.

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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?

Answers

At the end of the day people need to respects everyone’s decisions because it always has consequences depending on what they did , if someone is doing so good then they should feel proud it can be so many things it could be people that have mental issues and it stops them from doing some stuff but then they do something for them to feel good breaking the cycle , like there’s other who choose to do bad stuff now some people think is okay but it’s really not and consequences will always be there

lead a particular function or a subunit within a function. *
General Manager
Functional Manager
Front-Line Manager
ОСЕО

Answers

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

g Molly is not married and has no children. She executes a will, disposing of her estate to her sister Nina. Later, Molly marries Owen. They have no children. Molly does not execute a new will before she dies. With respect to Molly's estate, Owen is entitled to

Answers

Based on the terms of the will, based on molly's estate, Owen is entitled to no part of her estate because the estate was already willed to her sister Nina.

According to the given question, we can see that Molly who was unmarried at the time of making her will, willed her estate to her sister and later got married to Owen and she died without making changes to her will.

The outcome is very clear as Owen is not entitled to anything, unless he is given by Nina, although he can contest the will in court, but Nina has the upper hand because legally she has the estate.

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The ________ method of setting an advertising budget typically overlooks how promotion affects sales.

Answers

Based on business management, the affordable method of setting an advertising budget typically overlooks how promotion affects sales.

What is the Affordable method in the Advertising budget?

The affordable method in the advertising budget is the cheap means of making an advertisement.

However, when making cheap or affordable advertisements, most people tend to overlook the effects of promotion efforts on sales.

Hence, in this case, it is concluded that the correct answer is "Affordable method."

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Gene is looking for a loan so that he can buy a car. There are a few different banks where he can apply for a loan. What should he be looking for in a loan?
OA. a low interest rate
OB. a good credit score
OC. an open line of credit
OD. a differed payment plan

Answers

Answer:

The Answer To This Question is B. a good credit score.

Explanation:

IRAC Briefing
BURNETT v. PURTELL
Who were the plaintiff and defendant? Were they merchants?
Describe the sales transaction.
Was there tender of delivery of the goods? Why is this issue important to the outcome of the case?
Who bore the risk of loss when the goods were destroyed?

Answers

no se inglés y tampoco se la respuesta si no si te la hubiera dicho

Daisy is a director of Extraction Corporation. She opposes an offer to merge Extraction with Fill Inc. because she would lose her board position. Daisy is most likely liable for breach of

Answers

Considering the case about above, Daisy is most likely liable for breach duty of loyalty.

Daisy is been regarded as director of Extraction Corporation, which means she should be loyal to that office by following the protocol in performing tasks.

Duty of loyalty simply implies that individual should be loyal to his or her office by following the ethics of the organization.

Therefore, Daisy breached duty of loyalty because, of her opposition to merge the Extraction.

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Impact of hiring based on experience rather than qualification

Answers

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.

If a seller can create switching costs for its product, then: ________________

a. customers will find it more costly to stay with the company than to switch to another seller.
b. it increases its costs by producing several versions of the product so customers can switch between versions.
c. it is difficult or costly for the seller to switch to producing a different product.
d. it is difficult or costly for customers to switch to another seller of the product.

Answers

It should be noted that if a seller can create switching costs for its product, in this case, B:it increases its costs by producing several versions of the product so customers can switch between versions.

Switching costs can be regarded as the costs that is been paid by a consumer due to switching of a brands or products.

Switching costs may comes in term of  monetary as well as effort-based cost.

We can conclude that if a seller can successfully create switching costs as regards her product, then it results to more gains.

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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

Answers

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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If I am under 18 years of age, I am prohibited from using my cell phone while driving unless

Answers

Answer:

Cell phone usage while driving is prohibited at any age

Answer:

unless of emergancy

Explanation:

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.

Answers

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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#SPJ2

What is the unemployment rate in Cuba?

Answers

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:

Patti, a high school student, watches a financial show on television. The host has a college degree in business. The show is about how teenagers who start saving early have a big advantage. This information is _____.

Answers

this information is true

As a manager, if you wanted to influence what employees do in situations lacking clear company rules or expectations, what should you do

Answers

As a manager if you want to influence what employees do in situations that lack clear company rules or expectations, you should create a strong culture.

Creating a strong culture is very important in the workplace. It is important because it helps to influence the discretionary behaviors that employees have in the work place.

It helps them to know what they should do in given situations where the the rules and the expectations are not clear.

This is very important because an organization may not have policies or rules for every given situation in the work place. The culture of the organization would be very useful in this case.

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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

Answers

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.

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?

Answers

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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James is employed by a large corporation with 400 employees. The corporation provides its employees with a no-cost gym membership at the local public YMCA. The cost of the membership is $60/month, which is completely paid for by James' employer for all employees. How much, if any, must James include in his yearly gross income related to this fringe benefit

Answers

James must include $720 in his yearly gross income related to the fringe benefit.

Where the value of the athletic facilities is to be excluded from an employee's gross income, the facilities must be situated on the employer's business location. Moreover, the athletic facilities must be used exclusively by the employees and their dependents.

Due to the above, James's membership is at a public YMCA, hence taxable.  

Also, James start date with the corporation was not given, he would however receive 12 months of the benefit.

12 × $60 = $720

Therefore, James must include the full cost of $720 paid by his employer in his yearly gross income related to the fringe benefit.

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Arguments against industrial policy include all of the following except Select one: a. foreign industrial policy success has been variable. b. The need to rescue "sunset" industries. c. the need to promote "sunrise" industries. d. reduces market efficiency

Answers

b) the need to rescue “sunset” industries, also if you search “ BUS 345: Chapter 11 MC” on quizlet it will give you all the answers on this!

For what kind of discrimination does the EEOC handle complaints?

race and sex only

race, sex, color, religion, or nationality

religion and nationality only

Answers

Answer:

2.)- race, sex, color, religion, or nationality.

Explanation:

:)

the answer is the second option






who here has a business plan




Answers

I am still working on my business plan.

Horizontal Analysis of Income Statement For 20Y2, McDade Company reported a decline in net income. At the end of the year, T. Burrows, the president, is presented with the following condensed comparative income statement:
McDade Company Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $ 16,800,000 $ 15,000,000 Cost of goods sold (11,500,000) (10,000,000) Gross profit $ 5,300,000 $ 5,000,000 Selling expenses $ (1,770,000) $ (1,500,000) Administrative expenses (1,220,000) (1,000,000) Total operating expenses $ (2,990,000) $ (2,500,000) Operating income $ 2,310,000 $ 2,500,000 Other revenue 256,950 225,000 Income before income tax expense $ 2,566,950 $ 2,725,000 Income tax expense (1,413,000) (1,500,000) Net income $ 1,153,950 $ 1,225,000
1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Use the minus sign to indicate an amount or percent decrease. If required, round percentages to one decimal place.
2. To the extent the data permit, comment on the significant relationships revealed by the horizontal analysis prepared in (1).

Answers

1. The calculation of the horizontal analysis of McDade Company's Comparative Income Statement for the Years Ended December 31, 20Y2 and 20Y1 is as follows:

                                                                      20Y2      %                20Y1        %

Sales                                                   $16,800,000   112%  $ 15,000,000 100%

Cost of goods sold                              (11,500,000)  115%    (10,000,000) 100%

Gross profit                                         $ 5,300,000 106%  $ 5,000,000   100%

Selling expenses                                $ (1,770,000) 118% $ (1,500,000)  100%

Administrative expenses                      (1,220,000) 122%    (1,000,000)  100%

Total operating expenses                 $(2,990,000) 120% $(2,500,000)  100%

Operating income                                $2,310,000  92%   $2,500,000   100%

Other revenue                                          256,950  114%         225,000   100%

Income before income tax expense $2,566,950  94%    $2,725,000   100%

Income tax expense                              (1,413,000) 94%     (1,500,000)   100%

Net income                                          $ 1,153,950  94%   $ 1,225,000    100%

The calculation of the Trend Analysis, with two examples is as follows:

Sales = 112% ($16,800,000/$15,000,000 x 100%)

Cost of goods sold = 115% ($11,500,000/$10,000,000 x 100%)

2. The significant relationships revealed by this horizontal analysis showed that sales revenue and gross profit increased by 12% and 6% respectively from 20Y1's figure, this increase did not translate into increased net income.  Instead, the net income decreased by 6% in 20Y2 as a result of increased operating expenses, which witnessed a 20% increase.

Thus, The horizontal analysis of McDade Company's comparative income statement involves the calculation of percentage changes from 20Y1 to the 20Y2.  The dollar amount changes can also be calculated.

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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

Answers

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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Human Resources and many other departments at Walmart will use the following as a form of business communication

Answers

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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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

Answers

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 ?

DeAnna is the supervisor for the engineering team at her company. A task comes down from her leadership to allocate funding by noon that day. She doesn't have time to discuss this with the team, so she allocates the money where she sees fit. What management approach does this best exemplify

Answers

Answer: the answer is authority rule

Thato, a manager for an insurance company, was disappointed in Miya, one of his direct reports. Miya’s job is to sell insurance, but she did not meet her quota for calls to potential new customers in the last month. Thato let Miya know that, “If this continues in the next 30 days, you’ll probably be let go.” Which behavior modification may Thato need to implement?

Answers

There are different ways used by people to modify behavior.  behavior modification may Thato need to implement is punishment.

Behavior modification is simply known to be act of changing the behavioral trend via the use different means such as learning techniques, positive or negative reinforcement, punishment etc.

Punishment is often done to weaken a specific behaviors. This is done through the linking of an unpleasant stimulus to a behavior. Example is Maya losing her job for not meeting her target

See full question below

Thato, a manager for an insurance company, was disappointed in Miya, one of his direct reports. Miya’s job is to sell insurance, but she did not meet her quota for calls to potential new customers in the last month. Thato let Miya know that, “If this continues in the next 30 days, you’ll probably be let go.” Which behavior modification may Thato need to implement?

a- negative reinforcement

b- punishment

c- extinction

d- positive reinforcement

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explain why maximizing Production does not always maximize profit​

Answers

When the price to produce a product is higher than the income the product, makes, money is lost. Just how too little supply is dangerous to a company, so is too much. A balance between supply and demand is essential to maximize profit.

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

Answers

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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