Elisa is 21 years of age and a full-time student living with her parents. She had wages of $680 ($75 of income tax withholding) for 2018. Can Elisa file a tax return even though her parents will claim her as a dependent on their tax return?
A. No, Elisa cannot file a tax return.
B. No, Elisa is a dependent of her parents.
C. Yes, Elisa can file a tax return.
D. Elisa's parent can report the income on their tax return.
Answer: C
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Which of the following statements best describes the effects of recognizing revenue earned by a business entity?
a. Assets increase only when cash sales are made. b. Stockholders' equity increases only when credit sales are made. c. Assets and stockholders' equity increase when either cash or credit sales are made. d. Assets increase, but stockholders' equity decreases, when either cash or credit sales are made.
Which of the following is included in calculating lead time for a supplier?
A. to design the product for sustainability B. to deliver it after it’s been ordered C. to design the product for recycling D. to package the product
The decision-making discretion of top-level managers is determined partly by external environmental sources such as the industry structure, the rate of market growth in the firm's primary industry, and the degree to which products can be differentiated.
Answer the following statement true (T) or false (F)
Based on the information in Table 4-2, and assuming the company's stock price is $50 per share, the
P/E ratio is A) 24.44. B) 27.50. C) 10.89. D) 14.33.