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kondaur [170]
3 years ago
15

Deb has found it very difficult to repay her loans. Because of these difficulties, the bank decided to forgive one of her most r

ecent loans, an amount of $73,500. After the loan was discharged, Deb had total assets of $264,000 and her remaining loans totaled $255,000. What amount must Deb include in her gross income
Business
1 answer:
antiseptic1488 [7]3 years ago
3 0

Answer:

$9,000

Explanation:

Calculation of the amount that Deb must include in her gross income

Total assets $264,000 -Remaining loans $255,000 =$9,000

Therefore the amount that Deb must include in her gross income would be $9,000. Hence a discharge of indebtedness will not be taxable in a situation where the taxpayer is insolvent before and after the debt might have been forgiveness and in a situation where the the discharge of indebtedness tend to makes the taxpayer solvent, the taxpayer will tend ro recognizes the taxable income to the extent of his solvency.

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Harry, a wheat farmer, is deciding whether or not to add fertilizer to his crops. If he adds 1 pound of fertilizer per acre, the
GarryVolchara [31]

harry should add $20 per pound

The method of identifying the advantages and disadvantages of various options by looking at the incremental impact on total revenue and total cost caused by a very modest change in the value or input of each alternative (just one unit). Instead of making decisions based on totals or averages, marginal analysis encourages those that focus on small or gradual changes to resources. Examining the costs and possible gains of particular business operations or financial choices is known as marginal analysis. The objective is to ascertain whether the benefits from the change in activity will be great enough to outweigh the costs.

To know more about marginal analysis refer to brainly.com/question/7412432

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8 0
1 year ago
A multimillion-dollar u.s. project to construct a suspension bridge is in progress. true structures inc. in canada shares both p
umka21 [38]

Answer: Joint Venture

A Joint Venture is a business entity that is created when two or more corporations pool in their resources for a specific project.  

The corporations that are a part of the Joint Venture share the governance, risks and rewards of the joint venture.  

In a Joint venture the corporations who come together to form a joint venture retain their distinct entities.


7 0
2 years ago
A manager faced with an ethical dilemma asks herself how it would feel to explain the decision to a wider audience by using this
Degger [83]

Answer:

The correct answer is letter "D": The disclosure rule.

Explanation:

In management, the disclosure rule implies releasing relevant information of the company to the masses. Executives face an ethical dilemma when the information could harm the firm's public image or when the information is manipulated so the information that could compromise the organization is not provided to the audience.

4 0
3 years ago
EK Chemical Company sells a specialty chemical in packages marked 83 g. In reality, EK has set the process mean at 84.0 g, and t
Lemur [1.5K]

Answer:

0.7207

Explanation:

Mean  μ = 84g

SD σ = 1.85g

Upper specification limit (USL) = 88g

Lower specification limit (LSL) = 78g

Cpk = Min[USL - μ/3σ,  μ-LSL/3σ]

Cpk = Min[88 - 84/3*1.85, 84-78/3*1.85]

Cpk = Min[4/5.55, 6/5.55]

Cpk = Min[0.7207, 1.0811]

Cpk = 0.7207

So, the process capability index for the current manufacturing process is 0.7207

5 0
3 years ago
The political business cycle refers to the phenomenon that just before elections, politicians enact ________ policies. After the
vovikov84 [41]

Answer:

The correct answer is option B.

Explanation:

The political business cycle can be defined as the fluctuations in the economy caused because of political activities. Often before elections, politicians enact expansionary policy to show economic growth to prove their competence.  

But if used in excess these policies can be harmful to the long term growth of the economy. So after getting re-elected, politicians who are aware of the negative effects of these policies will reverse these policies and adopt a contractionary policy to reduce inflationary pressures.

6 0
3 years ago
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