Positive reinforcement refers to a(n) event that is contingent upon the proper behavior. unpleasant; removed unpleasant; added pleasant, removed pleasant; added Question 8 Saved A team performs a variety of managerial tasks, such as scheduling and assigning work, ordering materials, and budgeting. self-managed team cross-functional team functional team problem-solving team
Answers
Positive reinforcement refers to an event that is added pleasant and is contingent upon proper behavior. Positive reinforcement has been described as a powerful tool in shaping behavior.
This type of reinforcement occurs when a desirable event is added to the situation as a result of behavior. The pleasant event could be anything that the individual finds rewarding or appealing. Positive reinforcement is considered to be a valuable and effective means of encouraging and maintaining desired behavior.
It is used frequently in everyday life by parents, teachers, and other caregivers to encourage positive behavior in children and learners. A team that performs managerial tasks such as scheduling and assigning work, ordering materials, and budgeting is referred to as a functional team.
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Related Questions
1. You are enployed as a sales associate in a clothing store that has a frequent shopper
reward program For example, for every $100 spent, customers eam 10 points. When
they reach 1000 points they eam a $10 reward certificate. A friend who is not registered
in the frequent shopper reward program wants you to accept a $25 off certificate as
payment for a shirt. The prograny's guidelines state that points are not transferable and
they can only be used by a member. What will you do?
Answers
Answer:
dwddddd
Explanation:
As an importer of clothing, would you rather have your products sold by a general merchandise retailer or a specialty store? Why?
Answers
Answer:
Specialty store
Explanation:
If gas prices increase, what would happen to incomes for households and businesses?
Answers
Answer:
If gas prices continue to increase household incomes people are getting now may not be enough for the family, causing people to ask for extra hours which when giving extra hours once a person is on overtime they legally have to make at least pay and a half per hour, so if someone is making $15 an hour, once they are on overtime they make $22.50 causing businesses to put out more money. Businesses may also not be able to afford the overtime causing the worker to continue struggling with pay and either look for a higher-paying job or get a second job.
Under the gross method, when the credit card processor deposits the cash proceeds from credit and debit card sales,A) there will be no fee charged for the transactionB) the deposit is made on the last day of the monthC) the total sales plus the processing fee assessed equals the net amount of cash depositedD) the processing fees are deducted from the company's bank account by the processor
Answers
The correct option is D) the processing fees are deducted from the company's bank account by the processor
Under the gross method, when the credit card processor deposits the cash proceeds from credit and debit card sales, the processing fees are deducted from the company's bank account by the processor (Option D). This means that the net amount of cash deposited will be the total sales minus the processing fee assessed.
To further explain, the gross method is a method of accounting for sales discounts in which the discount is not recognized until the customer takes the discount. In this case, the processing fees for credit and debit card sales are not recognized until the processor deducts them from the company's bank account.
Therefore, the net amount of cash deposited will be the total sales minus the processing fee assessed.
In contrast, under the net method, the processing fees would be recognized at the time of sale and the net amount of cash deposited would be the total sales plus the processing fee assessed (Option C).
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Builtrite common stock just paid a dividend of $2.50 and dividends are expected to grow at a 6% annual rate. If you require an 13% annual return, what do you believe is a fair price for Builtrite stock?
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To calculate the fair price for Builtrite stock when a dividend is paid and dividend are expected to grow at a 6% annual rate and an investor requires a 13% annual return, we can use the dividend discount model.
The dividend discount model is calculated as follows: P = D₁ / (r - g) where = the fair price of the stockD₁ = the dividend paid at the end of the first year = the required rate of return = the expected dividend growth rate.
Substituting the given values, we have:P = $2.50 / (0.13 - 0.06)P = $2.50 / 0.07P = $35.71. Therefore, the fair price for Builtrite stock is $35.71.
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The calculation of the fair price for Builtrite stock can be obtained using the dividend discount model. A stock's value can be estimated using the dividend discount model (DDM), which calculates the value of a stock based on its future dividends.
The dividend discount model takes into account the present value of a stock's future dividend payouts, including any growth. Here, the calculation is as follows:Given data:Annual dividend = $2.50Growth rate = 6%Rate of return required by the investor = 13% Formula for calculating fair value:FV = D1/(r-g)Where,FV = fair valueD1 = dividend expected in the next year = $2.50 x (1 + 6%) = $2.65r = Required rate of return = 13%g = Growth rate of dividends = 6%Therefore, FV = $2.65/(13%-6%) = $44.17The fair price of Builtrite common stock is $44.17 per share.
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Information related to Harwick Co. is presented below.
A. Prepare the journal entries to record these transactions on the books of Harwick Co. under a perpetual inventory system.
B. Assume that Harwick Co. paid the balance due to Botham Company on May 4 instead of April 15. Prepare the journal entry to record this payment.
1. On April 5, purchased merchandise from Botham Company for $23,000, terms 2/10, net/30, FOB shipping point.
2. On April 6, paid freight costs of $900 on merchandise purchased from Botham.
3. On April 7, purchased equipment on account for $26,000.
4. On April 8, returned damaged merchandise to Botham Company and was granted a $3,000 credit for returned merchandise.
5. On April 15, paid the amount due to Botham Company in full.
E5-2 General Journal
Date Account Titles Debit Credit
(a)
Apr. 5
6
7
8
15
(b)
May 4
Answers
Answer:
A.
April 5
Dr Merchandise inventory $23,000
Cr Accounts payable $23,000
April 6
Dr Merchandise inventory $900
Cr Cash $900
April 7
Dr Equipment $26,000
Cr Accounts payable $26,000
April 8
Dr Accounts payable $3,000
Cr Merchandise inventory $3,000
April 15
Dr Accounts payable $20,000
Cr Cash $19,600
Cr Merchandise inventory $400
B. Dr Accounts payable $20,000
Cr Cash $20,000
Explanation:
A. Preparation of the journal entries to record these transactions on the books of Harwick Co. under a perpetual inventory system.
April 5
Dr Merchandise inventory $23,000
Cr Accounts payable $23,000
April 6
Dr Merchandise inventory $900
Cr Cash $900
April 7
Dr Equipment $26,000
Cr Accounts payable $26,000
April 8
Dr Accounts payable $3,000
Cr Merchandise inventory $3,000
April 15
Dr Accounts payable $20,000
($23,000-$3,000)
Cr Cash $19,600
[$20,000*(100%-2%)]
Cr Merchandise inventory $400
($20,000-$19,600)
B. Preparation of the journal entry to record this payment Assume that Harwick Co. paid the balance due to Botham Company on May 4 instead of April 15.
May 4
Dr Accounts payable $20,000
Cr Cash $20,000
($23,000-$3,000)
The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answers
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
The subject is Financial Accounting Analysis. Identify when each of the following companies should recognize revenue. a. Valero Energy - integrated petroleum company that sells crude oil, natural gas and petroleum and chemical products under short-term agreements at prevailing market prices b. Boeing - airplane manufacturer whose revenue is derived largely from longterm fixed-price contracts with airlines c. Wells Fargo - large commercial bank that earns interest on loans d. Ford Motor Company - manufactures and retails automobiles, provides financing for dealers and customers
Answers
a. Valero Energy: Valero Energy should recognize revenue when it satisfies its performance obligations, which typically occurs at the point of delivery or transfer of control of the goods or services to the customer. In this case, revenue should be recognized when the crude oil, natural gas, or petroleum and chemical products are delivered to the customer under the short-term agreements.
b. Boeing: Boeing should recognize revenue for its airplane sales based on the percentage of completion method. Revenue is recognized over time as the company progresses in fulfilling its performance obligations under long-term fixed-price contracts with airlines. It recognizes revenue based on the proportion of costs incurred to total estimated costs of the contract.
c. Wells Fargo: Wells Fargo should recognize revenue when it earns interest on loans. Revenue recognition occurs over time as interest is accrued based on the loan terms and the passage of time. Interest revenue is typically recognized using the effective interest rate method.
d. Ford Motor Company: Ford Motor Company should recognize revenue when it satisfies its performance obligations. For automobile sales, revenue is typically recognized at the point of delivery or transfer of control of the vehicle to the customer. Financing revenue, such as interest income from financing arrangements, is recognized over time as the interest accrues based on the contractual terms and the passage of time.
It's important to note that specific contract terms and industry practices may impact the revenue recognition process for each company. The information provided above is a general guideline based on common practices, but companies may have variations in their revenue recognition policies based on their specific circumstances and applicable accounting standards (such as ASC 606, Revenue from Contracts with Customers, in the United States).
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The following companies should recognize revenue:
a. Valero Energy should recognize revenue when the products are delivered and ownership is transferred.
b. Boeing should recognize revenue over time as the long-term fixed-price contracts are fulfilled.
c. Wells Fargo should recognize revenue over time as interest is earned on loans.
d. Ford Motor Company should recognize revenue when the automobiles are delivered and ownership is transferred, and revenue from financing activities should be recognized over time as interest is earned.
a. Valero Energy: Revenue should be recognized when the products (crude oil, natural gas, petroleum, and chemical products) are delivered to the customers and the company has transferred the risks and rewards of ownership to the customers. This is typically at the point of delivery or when title and control are transferred.
b. Boeing: Revenue should be recognized over time as the performance obligations under the long-term fixed-price contracts are satisfied. This is usually done using a percentage-of-completion method or another appropriate method to measure the progress of the contract.
c. Wells Fargo: Revenue should be recognized over time as interest is earned on the loans provided to customers. This is typically done using an appropriate interest accrual method based on the terms of the loans and the applicable interest rates.
d. Ford Motor Company: Revenue should be recognized when the automobiles are delivered to customers and the risks and rewards of ownership are transferred. Additionally, revenue from financing activities should be recognized over time as interest is earned on the financing provided to dealers and customers.
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what is double entry in financial accounting
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Answer:
method of recording transactions where for every business transaction, an entry is recorded in at least two accounts as a debit or credit. In a double-entry system, the amounts recorded as debits must be equal to the amounts recorded as credits.
The brenda one is the question thank youuu:)
Answers
Answer:
C. y = 11000(1.086)^7
Explanation:
Given the following data;
Principal = $11,000
Interest rate = 8.6% = 8.6/100 = 0.086
Time = 7 years
To derive a mathematical expression, we would use the compound interest formula;
\( A = P(1 + \frac{r}{100})^{t}\)
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
t is the number of years for the compound interest.
Substituting into the formula, we have;
\( A = 11000*(1 + \frac{8.6}{100})^{7 \)
\( A = 11000*(1 + 0.086)^{7 \)
\( A = 11000*(1.086)^{7 \)
\( A = 11000*1.78 \)
A = $19,580
What can be the adverse consequences of a ‘pathological’
arbitration clause?
Answers
A "pathological" arbitration clause refers to a clause in a contract that is poorly drafted or structured in a way that can lead to adverse consequences. Here are some potential adverse consequences of such a clause:
1. Ambiguity and Interpretation Issues: A poorly drafted arbitration clause may be ambiguous or unclear, leading to disputes and disagreements over its interpretation. This can result in delays, additional costs, and a lack of clarity regarding the scope and process of arbitration.
2. Jurisdictional Challenges: If an arbitration clause does not clearly specify the jurisdiction or the governing law, it can lead to disputes over which laws apply and which arbitral institution has jurisdiction. This can result in time-consuming and costly jurisdictional challenges.
3. Lack of Procedural Rules: A pathological arbitration clause may fail to incorporate or reference established procedural rules or guidelines for the arbitration process. Without clear procedural rules, the parties may face difficulties in determining the process, timelines, and evidentiary rules to be followed during arbitration.
4. Inadequate Remedy Options: Some arbitration clauses may limit the remedies available to the parties or exclude certain types of claims or relief. This can leave parties without adequate recourse or limit their ability to seek appropriate remedies for their disputes.
5. Lack of Neutrality and Impartiality: A poorly drafted arbitration clause may fail to adequately address the issue of arbitrator selection, neutrality, or impartiality. This can raise concerns about bias or lack of fairness in the arbitration process, potentially undermining the credibility and legitimacy of the arbitration proceedings.
6. Limited or No Appeal Mechanism: An arbitration clause may explicitly exclude any appeal mechanism or limit the grounds on which a party can challenge an arbitral award. This can leave parties with limited options for recourse, even in cases of serious procedural or substantive errors.
7. Enforcement Challenges: If an arbitration clause fails to comply with legal requirements or lacks clarity, it may face challenges in enforcement. Courts may refuse to enforce an arbitration agreement if it is deemed to be invalid, ambiguous, or unconscionable.
It is crucial for parties to carefully draft and review arbitration clauses to ensure they are clear, comprehensive, and aligned with their intentions. Consulting legal professionals with expertise in arbitration can help avoid the adverse consequences associated with "pathological" arbitration clauses.
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Julie and Kristen are partners in a local sporting good store. They needed $51,000 to start the
business. They invested in the ratio of 3:10 respectively. How much money did each invest?
What percent is owned by Kristen?
Answers
3eyy1ggh mi y
1uj gyrju3hxif2 2x ce I I b I 6x9
3/10=x/51000
X=15,300, Julie
51,000-15,300
35,700, Kristen
70% is owned by Kristen
Your answer should include dollars and cents. A mutual fund holds securities with a market value of $ 20 million and has liabilities of $ 2 million. If the fund has 2 million shares outs
Answers
Given the market value of securities in a mutual fund is $20 million, and the liabilities are $2 million, then the net asset value of the fund would be:
Net asset value = market value of securities - liabilities.Net asset value = $20 million - $2 million Net asset value = $18 million. If the mutual fund has 2 million shares outstanding, then the net asset value per share would be: Net asset value per share = net asset value/number of shares.Net asset value per share = $18 million / 2 million.Net asset value per share = $9Therefore, the net asset value per share of the mutual fund is $9.
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Taxes are often ovved on?
initial investments,
the current value of investments.
the real value of investments,
investment returns.
Answers
Answer:
Investment returns
Explanation:
Tax is a compulsory levy imposed by the government on an individual, firms etc for the provision of infrastructure.
Generally speaking, taxes are paid as soon as money is earned. While some taxes are due for payment when investments are sold at a profit, others like dividend , mutual funds are due when distribution is paid on the investment.
The ratio of gain or losses on an investment is referred to as investment returns. The returns could be higher which means profit hence must be taxed. It could also be the other way round,i.e lower returns . In such situation, loss is incurred on the investment and it is not taxed same way as having profit on the investment.
D. investment returns.
The amount of jelly sold decreases from 100 jars to 50 jars when the price of peanut butter increases from $2 to $3. Using the midpoint method, the cross-price elasticity between peanut butter and jelly is _____.
Answers
Answer: -1.7
Explanation:
Using a midpoint method. Find the rate of change for both quantity and price.
The rate of change in quantity is: ((Q2 - Q1)/(Q2+Q1)/2) X 100%
The rate of change in price is: ((P2-P1)/(P2+P1)/2)) X 100%
The answer is the rate of change in quantity divides by the rate of change in price.
As the ceo of a mid-size airline, karyn knows that most commercial airplanes are manufactured by either airbus or boeing. To mitigate the ________ of the airline industry, karyn explores options for her company to manufacture its own airplanes.
Answers
To mitigate the bargaining power of suppliers of the airline industry, karyn explores options for her company to manufacture its own airplanes.
What is bargaining power of suppliers?Bargaining power of suppliers occur when companies or organization are under pressure when the price of the product they purchase from a supplier increase or when their is scarcity of the product.
Based on the scenario in order to mitigate Bargaining power of supplier karyn by telling the company to produce their own product.
Therefore to mitigate the bargaining power of suppliers the company should manufacture its own airplanes.
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In addition to advertising, MasterCard used competitions to build excitement and encourage use of the card. These competitions are a form of
Answers
As MasterCard uses competitions to build excitement and encourage use of the card, such competition serves belong to a form of sales promotion.
What is sales promotion?In marketing, this is a strategy that business uses to offer to increase interest or demand in its product or service.
Hence, as uts uses competitions to build excitement and encourage use of the card, it is a form of sales promotion.
In conclusion, the aim of sales promotion is to continue to induce potential customer to patronize their product or service.
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To be a kindergarten teacher do you need university
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a federal trade commission regulation gives a buyer three (3) business days in which to cancel a home-solicited sale of goods or services costing more than:
Answers
According to the Federal Trade Commission (FTC), a buyer has three (3) business days to cancel a home-solicited sale of goods or services costing more than $25. This is known as the "cooling-off" period, and it allows buyers to change their minds and cancel the sale without penalty. During this period, sellers must inform buyers of their right to cancel and provide them with a cancellation form.
The buyer can then fill out the form and send it to the seller to cancel the sale. It is important to note that this regulation only applies to sales made in the buyer's home or at a location that is not the seller's permanent place of business. Sales made in stores or online do not fall under this regulation.
A Federal Trade Commission regulation gives a buyer three (3) business days in which to cancel a home-solicited sale of goods or services costing more than $25. This rule is called the "Cooling-Off Rule" and applies to sales made at the buyer's home, workplace, or other temporary locations such as hotel rooms or trade shows. To cancel the sale, the buyer must send a written notice of cancellation within the three business day period.
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In this lesson we looked at the various taxes that individuals have to pay. In there or four sentences explain how taxes influence consumers decisions and buying power
Answers
The taxes have a significant influence on consumers' decisions and buying power by reducing disposable income, changing prices, altering spending patterns, and affecting savings and investments.
In this lesson, we explored the impact of taxes on consumers' decisions and buying power. Taxes can influence consumers in several ways:
1. Reduced disposable income: When individuals have to pay taxes, their disposable income, or the money they have left after paying taxes, decreases. This reduction in disposable income may cause consumers to reconsider their purchasing decisions and opt for more affordable alternatives.
2. Changes in prices: Taxes imposed on goods and services can lead to an increase in prices. Higher prices may prompt consumers to reduce their consumption or switch to cheaper alternatives. For example, if the government increases taxes on sugary drinks, some consumers may choose to buy healthier beverages instead.
3. Altered spending patterns: Taxes can also impact consumers' spending patterns. For instance, if the government offers tax incentives or deductions for purchasing certain products or services, consumers may be more inclined to buy those items.
4. Impact on savings and investments: Taxes can influence consumers' saving and investment decisions. Higher taxes on savings or investment income may discourage individuals from saving or investing, while tax incentives can encourage individuals to save or invest more.
In conclusion, taxes have a significant influence on consumers' decisions and buying power by reducing disposable income, changing prices, altering spending patterns, and affecting savings and investments. Understanding how taxes impact individuals is crucial for making informed consumer choices.
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! THIS IS EXAMPLE !
Income taxes reduce the amount of money that an employed individual brings home. This causes individuals to have less disposable income to spend. Additionally, when taxes are applied to goods that consumers purchase, they are spending more for individual items. This means that many consumers must weigh their opportunity costs and decide between items to purchase.
We are interest rate compounded annually beginning balance 1000 annual interest rate 8% what will your ending balance be after one year
Answers
Answer:
1080
Explanation:
Compound interest involves the reinvesting of interest.
The formula for compound interest is given by:
\(A=P(1+\frac{r}{n} )^{nt}\)
Where P is the principal (i.e the beginning balance),
r is the rate,
n is the number of times it is compounded,
t is the number of years
A is the ending balance.
Given that P = 1000, r = 8% = 0.08, t =1 years and it is compounded annually (i.e n = 1).
Substituting values into the formula and calculating gives:
\(A=P(1+\frac{r}{n} )^{nt}\\A=1000(1+\frac{0.08}{1} )^{1*1}\\A= 1000(1+0.08)=1000(1.08)\\A=1080\)
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
.The college admissions scandal, which is described in the Management in Action case, breaches what level of Carroll’s global corporate social responsibility period?
Multiple Choice
A. legal
B.economic
C.philanthropic
D.global
Answers
Option a) Legal is the correct answer to the given question about Carroll's corporate social responsibility.
Businesses that practice corporate social responsibility make an intentional effort to conduct their operations in a way that benefits society and the environment rather than endangering it. CSR helps to improve a number of social issues and businesses' reputations. Corporate social responsibility is defined by the World Company Council's 1998 definition as "the ongoing business commitment to contribute to economic success while improving the quality of life of the employees and their families as well as of the community and society at large." Economic duty, civic responsibility, environmental stewardship, and ethical duty are the four fundamental subcategories of CSR.
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According to the fdic community banks have less than what in assets than most cases
Answers
According to the FDIC, community banks have less than $ 10 million in assets in most cases.
An asset refers to economic or financial bonds that can act as benefits and rewards in the future. A community bank refers to a banking institution that is locally owned and looked over. It is not an official banking system. The local community looks after the finance, transactions, and loans.
FDIC stands for Federal Deposit Insurance Corporation. It looks after the supply of insurance deposits and looks after the safety and security of the deposits. This institution works with two agencies- American depository institutions and the National Credit Union Administration.
According to the definitions created by FDIC, any bank containing less than $ 10 million in assets is known as a community bank.
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on may 22, jarrett company borrows $9,500, signing a 90-day, 8%, $9,500 note. what is the journal entry made by jarrett company to record the transaction?
Answers
The journal entry made by jarrett company to record the transaction are Debit Cash $9,500 and Credit Notes Payable $9,500
The journal entry made by Jarrett Company to record the borrowing transaction on May 22 is:
Debit: Cash $9,500
Credit: Notes Payable $9,500
This entry reflects the increase in the Cash account, which represents the receipt of the loan proceeds, and the increase in the Notes Payable account, which represents the liability incurred by the company.
The terms of the note indicate that it is a 90-day note, meaning that it will be due in 90 days from May 22. Additionally, the note has an interest rate of 8%, which means that interest will accrue on the outstanding balance of the note until it is repaid.
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Which is a feature of a certificate of deposit (CD)?
Answers
The feature of a certificate of deposit (CD) is that money can be fixed for some period of time.
What is certificate of deposit ?A certificate of deposit (CD) can be described as the savings account which is hep to hold fixed amount of money so that it can be saved for some period of time.
It should be noted that this period could be six months, one year, or five years, and in exchange, the issuing bank pays interest.
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You estimate that your sheep farm will generate 0.8 million of profits on sales of 9.7 million under normal economic conditions. If sales turn out to by 9.3 milion, profits are expected to be 0.4 million. What is the degree of operating leverage? Enter your answer rounded to two decimal places.
Answers
The degree of operating leverage is 12.1357.
The degree of operating leverage can be calculated as follows:
Degree of Operating Leverage (DOL) = (Percentage Change in Profits) / (Percentage Change in Sales), Firstly, we need to calculate the percentage change in sales:
Percentage Change in Sales = (New Sales - Old Sales) / Old Sales * 100%Percentage Change in Sales = (9.3 - 9.7) / 9.7 * 100%Percentage Change in Sales = -0.04124 * 100%.
Percentage Change in Sales = -4.12%Now, we need to calculate the percentage change in profits: Percentage Change in Profits = (New Profits - Old Profits) / Old Profits * 100%Percentage Change in Profits = (0.4 - 0.8) / 0.8 * 100%Percentage Change in Profits = -0.5 * 100%
Percentage Change in Profits = -50%Now, substitute the values in the degree of operating leverage equation:
Degree of Operating Leverage (DOL) = (Percentage Change in Profits) / (Percentage Change in Sales)Degree of Operating Leverage (DOL) = -50% / -4.12%
Degree of Operating Leverage (DOL) = 12.1357.
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During which part of the Product Life Cycle would a company use a profit-oriented pricing strategy?
Answers
The lifespan of a product depicts how long it remains on the market, from the moment it is first introduced to consumers until it is phased out and taken off the shelves.
What is the maturity stage of the product life cycle?Sales declined during the mature period, a sign that the market has started to become saturated. During this phase of the product life cycle, the price also starts to become competitive. The profit margins become slimmer as a result.
In most life-cycle situations, profits normally reach their greatest level during the early growth stages, but sales often reach their peak during the mature stages.
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Fiscal policy is used to promote price stability, full employment, and economic growth by.
Answers
Discretionary iscal management Congressional changes to taxes (tax rates) and spending that are intended to support full employment, price stability, and economic growth.
What distinguishes monetary policy from fiscal policy?The activities taken by central banks to achieve macroeconomic policy goals including price stability, full employment, and steady economic growth are referred to as monetary policy. Fiscal policy is the term used to describe the federal government's tax and spending plans.
This would entail changing the fiscal policy?A rise in taxes would result in a shift in monetary policy. While not really government-set policies, unemployment, product prices, and tax receipts are all related to fiscal policy.
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Pamelia (21) is a full-time undergraduate student pursuing an accounting degree at her state university. During the year, she received a $6,500, unrestricted scholarship, reported to her on Form 1098-T rather than Form W-2. She spent $5,500 of the scholarship funds on her current-year tuition, and she applied the rest to room and board. Pamelia also had income from a part-time job, and she is required to file a 2020 tax return. How does she report the scholarship on her Form 1040?.
Answers
Because Pamelia had income from a part-time job and is required to file a 2020 tax return, then, she should report the scholarship on her Form 1040 by "entering "SCH" and $1,000 on the dotted line next to line 1 of Form 1040."
Scholarship refers to an amount that a student receives to help him/her in the pursuit of studies.
A scholarship fund may be tax free, partially taxable or fully taxableBecause Pamelia had income from a part-time job and is required to file a 2020 tax return, then, she need to report the scholarship on her Form 1040 in a different way.In conclusion, she should report the scholarship on her Form 1040 by "entering "SCH" and $1,000 on the dotted line next to line 1 of Form 1040."
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