M8-1 evaluating the decision to extend credit [lo 8-1 nutty productions inc. generated service revenue of $48,000 and income from operations of $19,000. the company estimates that, had it extended credit it would have instead generated $87,000 of service revenue, but it would have incurred $34,000 of additional expenses for wages and bad debts. 1-a. using these estimates, calculate the amount by which income from operations would increase (decrease) income from operations by 1-b. should the company extend credit? yes no

How is a federal loan different from a private loan for an education? a federal loan is available for any student who meets the government's lending standards. a private loan is only available for students who show a need. a federal loan is only available for students who show a need. a private loan is available for any student who meets the bank's lending standards. a federal loan can only be used to pay for a student's tuition. a private loan can be used to pay for a student's tuition and any other expenses. a federal loan can be used to pay for a student's tuition and any other expenses. a private loan can only be used to pay for a student's tuition.