Answer:
True
Explanation:
Partnerships are not taxed as individual entities, they work as pass through entities where the partners must report any gains or losses on their personal income filings.
In this case, since Aaron owns 25% of Eagle Company, any loss or gain that Eagle company has will be passed to Aaron in the same percentage. Since Eagle had a $10,000 short term capital loss, $2,500 ($10,000 x 25%) of the loss will pass to Aaron.
Answer:
B.
Explanation:
Federal grants can be defined as financial aid or grants provided by the US grants from the general federal revenue. These grants are provided by the government for various purposes, and one of those purposes are for monetary help for college and education.
The ways in which federal grants or financial assisstance is provided to students is through scholarships, grants, student loans, and work study.
Scholarships are based on academic merit, talents, etc. It is a type of free education that can be earned if students excel in their studies.
Grants is a financial aid that does not need to be repaid unless service, which is promised in return of grant, is done. Example of grants are TEACH, FSEOG, etc.
Work study are those financial aids that helps students to earn on their own for their fees by doing a part-time job.
So, the correct answer is option B.
Answer:
The correct answer is (A)
Explanation:
Nike and Adidas are considered as substitute goods that means they have positive cross elasticity of demand. When the price of Nike soccer balls fell, Rolando purchased more Nike balls compared to Adidas balls because of the substitution effect. The substitution effect led to this decision. A substitute effect is a change in the purchase decision, due to an increase in the price of one substitute good.
Answer: Short term is less costly
Explanation:
Total interest cost under long term financing = 800,000 × 12% × 2
= 800000 × 0.12 × 2
= $192,000
Total interest cost under short term financing = (800,000 × 7% ×1)+ (800,000 × 13.95% × 1) =
= (800000×0.07×1) + (800,000×0.139×1)
= $167,600
Based on the above solution, Short term financing is less costly.
