Indicate for each of the following the most favorable filing status for the 2018 tax year.a.Kenny died on March 2, 2017. Marge, his wife, and Bart, their son, survive. Marge filed a joint return in 2017. Bart, age 18 in 2018, is a full-time college student and continues to live at home with his mother. He works part-time, earning $3,200. What is Marge's filing status in 2018?b.Alan Spaulding is single and provides over 50% support of his niece Alicia who lives with him all year long. Alan maintains the household and claims Alicia as a dependent. Alicia makes $3,600 at a part-time job. She is a full-time student, age 18. What is Alan's filing status?c.Lily, who was divorced on July 27, 2018, provides 100% of the support for her parents who live in a nursing home in Kansas and have no
income. What is Lily's filing status?d.Holly was abandoned by her husband Fletcher in September of the current year. She has not seen or communicated with him since then. What is Holly's filing status?e.Rick, whose wife died in December 2015, filed a joint tax return for 2015. He did not remarry, but has continued to maintain his home in which his two dependent children live. What is Rick's filing status for 2018?
What will be an ideal response?
| a. | surviving spouse |
| b. | head of household |
| c. | head of household |
| d. | married filing separately |
| e. | head of household |
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Gerald is planning on setting up a burger joint in his hometown. He finds out the NAICS (North American Industry Classification System) code for his business. From this information, he is able to understand that his immediate area contains virtually no competitors and has the potential to do very well. In the context of the critical steps involved in conducting an external analysis, Gerald is ________.
A. examining and developing insights about substitutes B. drawing a set of competitive maps C. defining the industry in which he is competing D. starting to develop an understanding of his competitive advantage
Coupons, trade shows, calendars, sweepstakes, and sales contests are all examples of
A. personal selling. B. mass selling. C. sales promotion. D. advertising. E. publicity.
The major objective of an institutional advertisement is _____
a. sales to consumers b. sales to businesses c. awareness d. store image development and reinforcement
What is a pro forma sources and applications of funds statement? Give examples of sources and uses of funds.
What will be an ideal response?