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stira [4]
3 years ago
5

arrod receives a scholarship of $28,000 from Riggers University to be used to pursue a bachelor's degree. He spends $16,800 on t

uition, $1,400 on books and supplies, $5,600 for room and board, and $4,200 for personal expenses.How much may Jarrod exclude from his gross income?
Business
2 answers:
charle [14.2K]3 years ago
8 0

Answer:

$19600

Explanation:

jarrod will exclude the amount of $16,800 + $2,800 = $ 19,600 from his gross income because since the fees, books, supplies, and equipment required for courses are excludable.

Sunny_sXe [5.5K]3 years ago
3 0

Answer:

$18,200

Explanation:

He spends $16,800 on tuition + $1,400 on books and supplies

Hence:

$16,800+ $1,400=$ 18,200

Jarrod will exclude $18,200 from his gross income since the fees, books, supplies, and equipment required for courses are excludable which was why he will exclude the amount spent on tuition as well as the amount spent on books from his gross income.

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3 years ago
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A partnership agreement:
kondaur [170]

Answer:

A partnership agreement is binding even if it is not in writing

Explanation:

A partnership is a relationship that exist between two or more people (Usually two to twenty people) to pool their resources and capital together and establish a business enterprise with the aim of making profit.

A partnership agreement can be written on unwritten. Even when unwritten,  a partnership agreement is binding and is enforceable in the law court.

A written partnership agreement is called a partnership deed. partners are usually encouraged to have a partnership deed that clarifies the respective positions and duties of each partners.    

6 0
3 years ago
Bensalem is a small country; it had only 10 people and the GDP of its economy was $10,000 in 2014. Amazingly, the GDP in Bensale
marin [14]

Answer:

The GDP will increased by 33.33% in 2015

Explanation:

2014 GDP 10,000

population 10

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Then, 2015 GDP 20,000

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4 0
4 years ago
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​Tina's Tunes is a music store that has been selling CDs for 20 years. Throughout the last six​ years, sales have continuously d
goblinko [34]

Answer:

​Tina's Tunes is likely to fail because it is ignoring the technological environment.

Explanation:

Technological Environment Technological change can have impact on the decisions taken by business.

Technological change can involve:

– New process of production: new ways of doing things which rises productivity of factor inputs, as with use of robotics in car assembly techniques which has dramatically raised output per assembly line worker. For example around 80% of technological change has been process innovation.

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A firm, which is unable to cope with the technological changes, may not survive.

3 0
3 years ago
Assume the market for ball bearings is purely competitive. Currently, each of the firms in this market is earning positive econo
AleksandrR [38]

Answer: Given, the ball bearing market is purely competitive. Also at the current stage the firms in this market are earning positive economic profits.

Therefore , in the long run as adjustments occur in the industry, we can expect the market price of ball bearings to<em><u> </u></em><u><em>decrease and individual firms' profits to decrease.</em></u>

This will take place as new firms will enter the market once they analyze that the existing firms are earning positive economic profits. Thus this will lead to decrease in price of ball bearing and further will lead to decrease in profit os a firm.

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<u><em>Therefore, the correct option is (d)</em></u>

3 0
4 years ago
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