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Harman [31]
2 years ago
13

Which loan type allows you borrow up to the cost of attendance, minus other aid you have received?.

Business
1 answer:
nikdorinn [45]2 years ago
4 0

A subsidized loan is such a loan where the borrower is allowed to borrow up to the cost of attendance less any other aids received.

<h3>What is a subsidized loan?</h3>

A type of education or student loan where the amount to be borrowed is determined as per the cost of the student's attendance, which is subtracted from other financial benefits received in this regard, is known as a subsidized loan.

Hence, subsidized loan is explained as above.

Learn more about subsidized loans here:

brainly.com/question/2256061

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Answer and Explanation:

The journal entries are shown below:

On Oct 31

Cash (400,000 × $18) $7,200,000  

        To Common stock (400,000 × $10)  $4,000,000

         To Paid in capital in excess of par value - common stock  $3,200,000

(Being the issuance of the common stock is recorded)

For recording this we debited the cash as it increased the assets and credited the common stock and paid in capital as it also increased the stockholder equity

On Nov 19

Cash (50,000 × $80) $4,000,000  

          To Preferred stock  (50,000 × $75)  $3,750,000

          To Paid in capital in excess of par value - Preferred stock  $250,000

(Being the issuance of the preferred stock is recorded)

For recording this we debited the cash as it increased the assets and credited the common stock and paid in capital as it also increased the stockholder equity

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3 years ago
Your german friend has decided to come and visit you in the u.s. you estimate the cost of her trip at $2,200. what is the cost t
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2200 times 1.2452
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3 years ago
What is bad customer service ? with example​
Westkost [7]
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A company reports the following: Sales $6,750,000 Average total assets (excluding long-term investments) 2,500,000 Determine the
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Answer:

2.7

Explanation:

Calculation to Determine the asset turnover ratio

Using this formula

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Let plug in the morning

Asset Turnover =$6,750,000/2,500,000

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Therefore the asset turnover ratio is 2.7

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The Florence County Museum called a press conference to inform the public of the need for major repairs to prevent water damage
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Answer:

B. Public relations

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