Answer:
C. Is available for qualifying expenses paid on behalf of the taxpayer and his or her spouse, in addition to those paid for dependents
Explanation:
American Opportunity tax credit was called the HOPE credit. It is available for the first four years of an individual's post secondary school education.
It covers 100% of the first $2,000 cost for tuition, fees, books, and course material.
Items that do not qualify are room and board, transportation cost and personal expenses.
The tax credit is available for qualifying expenses paid on behalf of the taxpayer and his or her spouse, in addition to those paid for dependents.
Answer:
•Jayaram is a Limited partner
•Jeevan is an active partner
Explanation:
•A limited partner also known as a silent partner is a partner who does not partake in the day to day running of the business. He only provides capital to the running of the business hence his liability is limited to the amount invested in the business.
Asides providing capital and not being active in the management of the business activity, he can be of help by providing business contact that would bring progress to the business and also give business advice where and when necessary.
• An active partner is a partner who provides capital and also oversees the daily activities of the business. He is a very important partner because of his involvement in the business affairs hence has more liability unlike the limited partner. An active partner's action can make or mar the business because of the influence he has over the business.
Answer:
The correct answer is letter "B": run the risk of overseas companies using the information to produce competitive products.
Explanation:
Outsourcing is an approach used by companies to take part of their operations abroad where labor costs and materials are cheaper. This is a good strategy to avoid being subject to stiff regulations imposed by the government that could affect the business.
Though, <em>the disadvantages of outsourcing rely on the loss of the quality control of the output, assigning duties to the unskilled workforce or the fact that the outsourced manufacturers can filter the technology of the company to competitors to produce imitations.</em>
Answer:
The correct answer to the following question is $14,30,000.
Explanation:
Given information -
Portfolio contains $1.3 million of stocks
With beta of the portfolio being - 1.1
Here manager wants to hedge the risk of his portfolio by selling the index in the futures market by entering in to an futures contract which can be defined as a contract , where both buyer and seller agrees to buy or sell a particular product in the future at a predetermined price and quantity and quality, this is a standardized contract.
Amount that manager should sell in futures = $130,00,00 x 1.1
= $ 14,30, 000
Answer: GATT
Explanation: GATT which is an acronym for general agreement for tariffs and trade was signed by 23 countries in 1947 and took effect in 1948. However, it was replaced by the World trade organization.
GATT decrees that any country that is a member will give all the other countries who are also members the same right with respect to tariffs and other measures which it gives to the most favored nation with which it sells to.