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3 years ago

Why is it necessary to include your family's income and tax information on a fafsa application?

1 answer:

8 0

Answer Including your stepparent's information on the FAFSA form helps create an accurate picture of your family's total financial strength

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Abby Cleaning Service had the following information for the 200 customers served this month: Sales Revenue $20,000 Variable Cost

mixer [17]

Answer:

= 60%

Explanation:

Contribution ratio represents the marginal benefits of producing an extra unit. It is calculated by the formula.

CM ration= Contribution margin/ sales revenue

Contribution margin = sales - varible costs

therefore contribution margin ratio= sales -revenue/ sales x 100

=$20,000 - $ 8000/ 20,000 x 100

= 12000/20000 x 100

=0.6 x 100

= 60%

6 0

3 years ago

The internal rate of return method is not subject to the limitations of the net present value method when comparing projects wit

zalisa [80]

Answer: A. The internal rate of return is expressed as a percent rather than the absolute dollar value of present value.

Explanation:

The internal rate of return is used in calculating the rate of return for the investment of a company. During the calculation, external factors like cost of capital, inflation, risk free rate are all excluded.

The internal rate of return method is not subject to the limitations of the net present value method when comparing projects with different amounts invested because it's expressed as a percent rather than the absolute dollar value of present value..

3 0

3 years ago

Which number is equivalent to(2.3×107)×(1.1×103)?

mylen [45]

Answer:

Explanation:

Where are the numbers?

3 0

3 years ago

Roberts Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that

Romashka-Z-Leto [24]

Answer:

August 1, sold goods on account terms 3/10, n/30

Dr Account receivable 5,000

Cr Sales revenue 5,000

Dr Cost of goods sold 3,000

Cr Merchandise inventory 3,000

Dr Accounts receivable (freight) 320

Cr Cash 320

When FOB shipping point is used, buyer pays the freight. When FOB destination is used, the seller pays the freight.

August 7, damaged merchandise returned

Dr Sales returns and allowances 1,200

Cr Accounts receivable 1,200

Dr Merchandise inventory 720 (approximately 60% since $3,000/$5,000)

Cr Cost of goods sold 720

August 11, invoice and freight charges collected

Dr Cash 4,006

Dr Sales discounts 114 (3% of $3,800)

Cr Accounts receivable 4,120 ($3,800 for the merchandise and $320 for the prepaid freight)

8 0

3 years ago

Consider a market where: Consumer surplus is 250 Producer surplus is 125. If both consumer surplus and producer surplus are ma

mario62 [17]

Answer:

A. Deadweight loss = 125 units.

B. Deadweight loss = 25 units.

Explanation:

In a free market and completely efficient economy, the consumer surplus equals the producer surplus. Both benefits of free trade. When consumers o producers have a minor surplus, necessarily implies a loss on eficiency, usually caused by government regulations like taxes or price ceilings.

The amount of welfare lost is measure by the difference between consumer and producer surplus.

In the first case:

|Consumer surplus - producer surplus| = 25 units

|250- 125| = 125 units

And in the second case:

|180- 155| = 25 units

5 0

3 years ago