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Harlamova29_29 [7]
2 years ago
8

After completing medical school, Dr. Johnson had $200,000 in student loan debt. He fulfilled an obligation as part of his studen

t loan contract to work as a doctor for four years on an Indian reservation. At the end of the four years, all his student loan debt was canceled. Dr. Johnson will need to report what amount of income on his tax return in the year the debt was forgiven
Business
1 answer:
Leya [2.2K]2 years ago
5 0

Answer:

200,000

Explanation:

As he has repaid the loan amount of 200,000 he has earned 200,000 so he has to show 200,000 as income.

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Lane is considering a career as a public relations specialist in which he
Stels [109]

Answer:

0.73 or 73%

Explanation:

Return on investment (ROI) shows the benefit an investor receives in relation to their invested amount. It is expressed as a ratio or a percentage of the net income against the investment's cost.

It is calculated using the formula below.

ROI = returns( profits)/ cost of investments.

For Lena, the cost of investment is $52,000( cost of the degree). The returns for one are the earnings in the year, which is $38,000.

ROI= $38,000/ $52,000

ROI =0.73 or 73%

3 0
2 years ago
Indicate how each of the following transactions affects U.S. exports, imports, and net exports.
Oxana [17]

Answer:

 export               import                net export  

1. increases         unchanged         increases

2. unchanged       increases             decreases

3.  unchanged       increases             decreases

4. unchanged       increases             decreases

5. increases         unchanged         increases

Explanation:

export would comprise of goods and services produced in the US that are been sold to foreign countries

Import would comprise of foreign produced goods and services that are been sold in the US

Net export would increase when export occurs and decrease when import occurs

Net export = exports – imports

When the French historian visits the US museum and the European family visits Disney,  they are enjoying US services, thus export increases and net export increases

The purchase of books from Cambridge in UK, Panasonic camera and the visit to Japan constitutes import. These increases import and reduces net export

7 0
3 years ago
If the cost of an item of inventory is $60, the current replacement cost is $65, and the selling price is $95, the amount includ
KATRIN_1 [288]

Answer:

The amount included in the inventory is $60

Explanation:

Lower of cost and net realizable value determine the value of closing inventory based on the cost incurred to produce or purchase a inventory unit or Market value of the inventory unit which ever is lower. In this question cost of unit of inventory is $60 and the replacement cost which market value of the item of inventory. The unit cost of an item of inventory is lower as compared to the replacement value.

5 0
3 years ago
During the meeting malcolm constantly reminds the rest of the team that he is in charge of this project, and it must be carried
sattari [20]
Malcom seems to be drawing from COERCIVE source of power. 
Coercive means to be using force or threat in order to make some one to do something. From the scenario given above, it can be seen that, Malcom is using threat in order to make others to be subjective to him concerning the project they are handling.<span />
8 0
3 years ago
Read 2 more answers
The ______ is a government-sponsored enterprise that works through a cooperative system to provide agricultural and rural loans.
makvit [3.9K]

The "Farm Credit System" is a government-sponsored enterprise that works through a cooperative system to provide agricultural and rural loans.

<h3>What is Farm Credit System?</h3>

A nationwide financing network with a focus on helping the agriculture sector is called as Farm Credit System (FCS). It is composed of banking industry and organisations that extend loans to people and companies around the country.

Some key features of farm credit system are-

  • From small farming families to multinational corporations, the FCS supports the rural community including organizations of all shapes and sizes.
  • The FCS is composed up several cooperative banks and organisations that lend money to Americans both personally and commercially.
  • There are 72 independent, customer-owned financial institutions that make up the FCS.
  • A vital source of financing for the agricultural sector, which is viewed as high-risk most traditional lenders, is the Farm Credit System.

To know more about the Farm Credit System, here

brainly.com/question/28097911

#SPJ4

5 0
2 years ago
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