![subject](/tpl/images/cats/ekonomika.png)
Business, 16.03.2020 17:48 desirekotta20
Wally is employed as an executive with Pay More Incorporated. To entice Wally to work for Pay More, the corporation loaned him $20,000 at the beginning of the year at a simple interest rate of 1 percent. Wally would have paid interest of $2,400 this year if the interest rate on the loan had been set at the prevailing federal interest rate.
a. Wally used the funds as a down payment on a speedboat and repaid the $20,000 loan (including $200 of interest) at year-end. Does this loan result in any income to either party, and if so, how much?
b. Assume instead that Pay More forgave the loan and interest on December 31. What amount of gross income does Wally recognize this year?
![ansver](/tpl/images/cats/User.png)
Answers: 3
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 19:30
Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery
Answers: 3
![question](/tpl/images/cats/ekonomika.png)
![question](/tpl/images/cats/ekonomika.png)
Business, 23.06.2019 10:00
Governments sometimes erect barriers to trade other than tariffs and quotas. which of the following is not an example of this type of trade barrier? a. a requirement that the employees of domestic firms that engage in foreign trade pay income taxes b. restrictions on imports for national security reasons c. a requirement that imports meet health and safety requirements d. a requirement that the u.s. government buy military uniforms only from u.s. manufacturers
Answers: 2
![question](/tpl/images/cats/ekonomika.png)
You know the right answer?
Wally is employed as an executive with Pay More Incorporated. To entice Wally to work for Pay More,...
Questions
![question](/tpl/images/cats/obshestvoznanie.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 11.07.2019 14:30
![question](/tpl/images/cats/obshestvoznanie.png)
![question](/tpl/images/cats/en.png)
![question](/tpl/images/cats/es.png)
![question](/tpl/images/cats/himiya.png)
Chemistry, 11.07.2019 14:30
![question](/tpl/images/cats/istoriya.png)
History, 11.07.2019 14:30
![question](/tpl/images/cats/biologiya.png)
![question](/tpl/images/cats/es.png)
![question](/tpl/images/cats/informatica.png)
Computers and Technology, 11.07.2019 14:30
![question](/tpl/images/cats/fr.png)
![question](/tpl/images/cats/istoriya.png)
History, 11.07.2019 14:30
![question](/tpl/images/cats/geografiya.png)
Geography, 11.07.2019 14:30
![question](/tpl/images/cats/es.png)
![question](/tpl/images/cats/istoriya.png)
![question](/tpl/images/cats/biologiya.png)
Biology, 11.07.2019 14:30
![question](/tpl/images/cats/istoriya.png)
History, 11.07.2019 14:30
![question](/tpl/images/cats/obshestvoznanie.png)
![question](/tpl/images/cats/informatica.png)
Computers and Technology, 11.07.2019 14:30
![question](/tpl/images/cats/fizika.png)
Physics, 11.07.2019 14:30