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notsponge [240]
3 years ago
7

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 $45,000. After the loan was discharged, Deb had total assets of $232,000 and her remaining loans totaled $217,000. What amount must Deb include in her gross income?
Business
1 answer:
sergejj [24]3 years ago
6 0

Answer:

$15,000

Explanation:

Total Assets-Remaining liabilities=Solvency

$232,000-$217,000=$15,000

If the waiver of loan makes the taxpayer solvent,then the extent by which he is solvent will be included in his/her gross income.

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Suppose the return on the market is expected to be 7%, a stock has a beta of 1.5, and T-bill rate is 3%. The SML would predict a
andrezito [222]

Answer:

2%.

Explanation:

<u>Calculation of the alpha of the stock</u>

Implied Alpha Formula = Actual return - Expected return as per CAPM

Implied Alpha = 11% - 9%

Implied Alpha = 2%

Since you believe the stock will provide instead a return 11%, its implied alpha will be 2%.

3 0
3 years ago
How much automation used to be in restaurant in 1950s?
nikklg [1K]
I'm sorry but I don't know the answer.

I think Google would help you!
4 0
3 years ago
Marjorie's Mugs sold 300 mugs last year for $20 each. Variable costs were $7 per mug and total fixed costs were $1,700. Marjorie
Anvisha [2.4K]

The total profit Marjorie's mugs are  = $2200

<h3>What is Variable cost?</h3>

Variable costs are expenses that alter as the volume of a good or service a company produces fluctuates. Marginal costs multiplied by the number of units produced make up variable costs. They can be regarded as typical expenses as well. Total cost is divided into two parts: fixed costs and variable costs.

<h3>What is fixed cost?</h3>

Fixed costs, also known as indirect costs or overhead costs, are expenses incurred by a firm that are independent of the volume of goods or services the business produces. They typically have a periodic nature, such monthly rent or interest payments. These expenses frequently also involve capital costs.

<h3>According to the given information:</h3>

Total mugs sold  = 300

mugs sold at = 20

variable cost = 7

total fixed cost = 1700

find the profit:

profit  = (300*(20-7) - 1,700)

         = $2,200

The total profit Marjorie's mugs are  = 2200

To know more about Variable cost visit:

brainly.com/question/27853679

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7 0
2 years ago
Randall, a protectionist, has seen several small businesses go bankrupt because they were unable to compete with the cheaper pri
RoseWind [281]

Answer:

Protection of an infant industry is the correct answer.

Explanation:

6 0
3 years ago
A person assumes all risks associated with any activity in which he or she participates.
Eduardwww [97]
It is <u>false </u>that a person assumes all risks associated with any activity in which he or she participates. This is not true because one person cannot bear all these risks, especially if there are multiple people involved. They should all face the risks and the consequences of their actions - it shouldn't be just one person, but also the people who are organizing that activity as well as the other participants.
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3 years ago
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