Answer:
The amount might exclude $18,200 from the Gross Income.
Explanation:
The gross income is the amount which the person earn or gain before anything is taken out or deducted for the taxes or the other deductions.
So, in this case, the Gross income is as follows:
The person received the scholarship worth $28,000, out of which he spend $16,800 on tuition, %5,600 on room, $4,200 for the personal expenses and $1,400 on books and supplies.
From all the expenses which will be excluded from the Gross Income are the amount of fees and the amount spent on books and supplies as these are required for the course.
So, the amount which is excludable from Gross Income is:
Amount which is excludable = Tuition + books
= $16,800 + $1,400
= $18,200
Answer: All the options given are correct. Options I - IV are right.
Explanation:
Financial distress is a situation whereby an individual or an organization is unable to generate income or profit as a result of it's inability to pay its liabilities to lenders and creditors and lenders. These financial problems coupled with insufficient money result in stress.
The term financial distress cost consist of all the four options, therefore the correct answer is all the options provided. Financial distress cost is when organizations cannot pay it's liabilities from the revenue generated.
Financial distress cost can be as a result of direct costs that are related to being distressed financially but not bankrupt, indirect bankruptcy cost etc.
Answer:
C, negotiation
Explanation:
Negotiation according to oxford dictionary is a discussion aimed at reaching an agreement. It means that before an agreement is reached, a lot of talking has to happen in order to arrive at the best situation for all parties.
In business, negotiation is involves parties making offers, conter offers over amd over till a conclusion is reached that works fine for all parties and necessary documents are exchanged.
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