Answer: $3500
Explanation:
In the general rule section 117(d)(1), it should be noted that when calculating the gross income, the reduction in tuition isn't included.
Based on the above reasoning, Graham's gross income will not include the $5,000 tuition reduction that was offered by the chemistry department.
Therefore, the amount that Graham must include in his gross income will be $3500.
Wyatt's<u> effective interest rate</u> would be greater than his <u>nominal interest rate </u>by 0. 71 percentage points.
The <em>nominal interest rate</em> is 13. 62% or 0.1362 that would be given an <em>effective rate of interest </em>as follows:
Here, the value of the effective rate of interest<u>,</u> that is 0.1433 that would be multiplied with 100 to get the <u>percentage value</u> of 14.33%
Hence, the <u>difference between effective and nominal interest rates</u> would be:
Learn more about the effective and nominal rates of interest here:
brainly.com/question/2787260
Answer:
Engineering Wonders' net cash flows from operating activities are $61.8 million
Explanation:
Net income from operating activities = net income - gain on the sale of land + building depreciation expense = $56.0 - $1.4 + $4.6 = $59.2 million
Engineering Wonders' net cash flows from operating activities = Net Income from operating activities + Decrease in Accounts Receivable + Decrease in Inventory - Decrease in accounts payable = $59.2 + $1.6 + $3.6 - $2.6 = $61.8 million
Answer:
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Answer:
$120
Explanation:
In this question, we simply have to apply the simple interest formula which is shown below:
= Principal amount × rate of interest × time period
= $2,000 × 6% × 1 year
= $120
Simply we multiplied the principal amount with the interest rate and the time period so that the accurate amount can come.
So, $120 interest is paid for the year
