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Natasha_Volkova [10]
4 years ago
9

Graham has accepted an offer to do graduate work in the chemistry department at StateUniversity. The chemistry department offere

d Graham a $5,000 tuition reduction and$3,500 toward the cost of room and meals. Under the terms of the scholarship Grahammust work in the chemistry labs during the summer as a research assistant. What amountmust Graham include in his gross income?
A)$5,000
B)$2,500
C)$3,500
D)$8,500
E)Zero - none of the above benefits is included in gross income.
Business
1 answer:
andrey2020 [161]4 years ago
8 0

Answer:

The answer is: C)$3,500

Explanation:

According to the general rule section 117(d)(1), tuition reductions are not included in the gross income. So the $5,000 tuition reduction will not be included in Graham's gross income.

Graham only has to record as income the $3,500 he will get to cover the costs of room and meals.

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Troy, who is 18, offers to sell Jenna, who is also 18, his car for $5,000. Jenna accepts Troy's offer, but only agrees to pay $4
Ratling [72]

Answer:

Acceptance

Explanation:

For a contract there are some certain conditions to be fulfilled, to call it valid. This includes the basic two things:

Offer and acceptance.

Offer refers to the option provided by a party in the contract and that there is acceptance from opposite party to accept the offer, and when it is accepted as the offer itself, then the contract is valid.

In the given instance there is an alteration in the acceptance conditions as not same like offer. The offer price is $5,000 and that the acceptance price is $4,500.

Thus, there is no acceptance in this contract. Rather there is counter offer.

5 0
4 years ago
If fiscal policy is used to correct a recessionary gap in the economy, what would most likely occur in the short run?
lara31 [8.8K]

your answer is B) HOPE THIS HELPS

8 0
3 years ago
On January 1 of this year, Ikuta Company issued a bond with a face value of $115,000 and a coupon rate of 4 percent. The bond ma
gulaghasi [49]

Answer:

The carrying value at year three end is $115,000.

Explanation:

The bond amortization schedule shows the how the interest expense is calculated as well as the coupon payment at each year end.

The carrying value at each year end is the opening carrying value in that year plus interest expense(as % of opening carrying value) minus the coupon payment(as % of face value).

In the beginning carrying value is the price the bond was issued,which could be computed using the pv formula in excel.

=-pv(rate,nper,pmt,fv)

the rate is yield to maturity of 5%

nper is the number of coupon payments to be made by the bond,which is 3

pmt is the yearly coupon payment which is:$115,000*4%=$4,600

fv is the face value of $115,000

=-pv(5%,3,4600,115000)=$111,868.26

Find attached amortization schedule.

Download xlsx
4 0
3 years ago
Dozier and his wife, daughter, and grandson lived in the house Dozier owned. At the request of the daughter and grandson, Pascha
liubo4ka [24]

Answer: Yes

Explanation: In the above case, a quasi-contract was formed. This is when a bilateral contract is not in place but one party will enjoy the benefit of the activities of the other party and may be enriched  by it.  

A bilateral agreement is the exchange of a promise for another and in this case would have been, the promise that Dozier would pay for Paschall’s work. This was not established, however, Dozier will benefit from Paschall’s work unduly if he does not pay for the improvements. The law holds that he has to pay for Paschall’s work to prevent being unjustly enriched.

6 0
3 years ago
List two components of visual aids that you have used recently. Describe how you used them.
gavmur [86]

Explanation:

  • PowerPoint:

Probably the most obvious type of visual support is Microsoft PowerPoint. Best used, it can really support you for your presentation; it could have the reverse effect, but it was poorly used.

The concepts are as follows:

Do                                                              

Use a sufficiently big font (at least 20pt).

Keep your background straightforward.

If appropriate, use graphics.

Make things visual.

Use endless bullet point list slides that are all the same

Don't

You can not read it so small.

Use a picky image from the background.

The screen is white or black.

Do not over-do it – it's annoying.

Use neverending bullet point list slides that all look the same

  • Paper handouts :

Handouts are extremely helpful. Use a presentation if your data is too comprehensive for a slide, if you really want your spectators to have their findings fully recorded. Take into account the merits of your presentations at the start, middle and end. Given too long and a diversion they could show. Given too late, too many needless references may have been made by the audience. Provided in the midst and the viewers will read and not listen predictably. One powerful way to prevent these troubles is to give the key steps during your presentation incomplete presentations. The lost details can be highlighted vocally and your viewer can then fill up the gaps.

7 0
3 years ago
Read 2 more answers
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