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schepotkina [342]
3 years ago
13

Which of these cancellations of debt would be includable in income?

Business
1 answer:
motikmotik3 years ago
3 0

Answer:

Recourse debt.

Explanation:

Cancelled recourse debt are included as income and are taxable. Taxpayer get the benefit for using the money but does not have burden to repay the amount. These are mainly, prizes, awards on winning any contest etc. Debt which are forgiven or cancelled by lender are considered as Income and taxable. The law say that income from discharge of indebtness are included as income.

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Which characteristic does Martin, a marketing manager, demonstrate in the following situation?
Lorico [155]

Answer:

Discrimination

Explanation:

1) diversity --- not diversity

2) discrimination --- possibly discrimination. Discriminating against other groups.

3) inclusiveness --- means to cover many areas, not the case here. He is covering only his area.

4) persecution --- ill treatment based by race, or political beliefs.

I am not considering "men" on his team, because it doesn't apply discrimination. He simply is just biased to his people. Which is a group. However he is not just persecuting someone. Best answer is discrimination.

4 0
3 years ago
Read 2 more answers
Which type of savings institution is owned and operated by the same people who have accounts in it
inn [45]

A credit union is owned and operated by the people who have accounts in it. In a traditional bank, the bank is run by a president and a board of higher people. In a credit union, all members of the union own a stake of the company and the board is made up of members of the credit union.

7 0
3 years ago
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T-Bills are a security whose price can vary in the market where they are bought and sold after they are auctioned to the investi
natka813 [3]

Answer:

C. What you earn on this security would not change as a result of the change in interest rates.

Explanation:

The increase in the interest rate will decrease the price of the T-Bill if you want to sell it to another investor, but what you will earn with the security will not change at all. Your earnings in dollars = interest rate paid by the T-Bill or any other type of bond.

If you buy and sell securities for a living, then a change in the interest rates can make you win or lose money, since the price of the securities will increase or decrease. If interest rates increase, the price decreases. But if you invest on a security to earn the coupon or interest rate that it pays, a change in the price will not affect you because you already own it. The opportunity cost of holding the security might change, but the accounting revenues will not.  

7 0
3 years ago
Which one of the following will produce the highest present value interest factor? A. 6 percent interest for five years B. 6 per
disa [49]

Answer:

The correct answer is A

Explanation:

The formula to compute the present value interest factor using excel is as:

= 1/(1+r)^ n

where

r is the rate

n is number of years

So, in case of A,

The present value interest factor is:

= 1/(1+0.06)^5

= 0.74725

In case of B,

The present value interest factor is:

= 1/(1+0.06)^8

= 0.62741

In case of C,

The present value interest factor is:

= 1/(1+0.06)^10

= 0.55839

In case of D,

The present value interest factor is:

= 1/(1+0.08)^5

= 0.68058

In case of E,

The present value interest factor is:

= 1/(1+0.08)^10

= 0.46319

Therefore, it is highest in option A.

3 0
3 years ago
Insurance offers consumers
DerKrebs [107]

Explanation:

insurances customers don't have a complicated need they want to be able to choose from a good selection of policies at a responsible prices they want clear transparent information and their wants more than hassle-free interactions

hope it helps u

3 0
3 years ago
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