Major, a candidate for a graduate degree, received the following scholarship awards from the university in 2016: $10,000 for tuition, fees, books, and supplies required for courses $2,000 stipend for research services required by the scholarship What amount of the scholarship awards should Major include as taxable income in 2016?

a. $0
b. $2,000
c. $12,000
d. $10,000

Ans: b. $2,000

Business

You might also like to view...

A container of ball-bearings valued at $25,000, currently located in Houston, TX, needs to be delivered to the Morton, IL, plant. The standard shipment method takes two days

However, for an additional charge of $500, the container can be sent overnight to arrive one day later. The annual holding cost rate for this type of item has been estimated at 28%. Which option is more economical?

Business

Given an actual demand of 59, a previous forecast of 64, and an alpha of .3, what would the forecast for the next period be using simple exponential smoothing?

A) 36.9 B) 57.5 C) 60.5 D) 62.5

Business