The financial aid that is given based on the financial status and background of the family of a person is termed as Need Based Aid. Need Based Aid and Need based scholarships are offered by a wide range of institutions to help financially weak families and individuals.
Therefore, the correct answer is
Option D) Need Based
Answer:
Net Income $
Income before income taxes 3,860
Income tax expense <u>1,544</u>
Net income <u> 2,316</u>
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Explanation:
Net income is calculated as income before income taxes minus income tax expense.
Answer:
C) product life cycle
Explanation:
A product life cycle has 4 stages:
- introduction: a new product is introduced to the market usually with a marketing campaign
- growth: the demand and the sales of the new product start to rise
- maturity: the product is well known with a steady demand but new competitors enter the market
- decline: the sales start to decline and the product loses market share
Unibronx's inverter is a mature product.
Answer:
More than $1500 price per car per month has to be dropped.
Explanation:
Given:
price per car = $20,000
car sale per month = 40
rate of increase in demand = 3
Solution:
Revenue R = Price × Quantity = P * Q
From the above given data
P = 20,000
Q = 40
R = P*Q
dQ/dt = 3
We have to find the rate at which the price is to be dropped before monthly revenue starts to drop.
R = P*Q
dR/dt = (dP/dt)Q + P(dQ/dt)
= (dP/dt) 40 + 20,000*3 < 0
= (dP/dt) 40 < 60,000
= dP/dt < 60000/40
= dP/dt < 1,500
Hence the price has to be dropped more than $1,500 before monthly revenue starts to drop.
Answer:
Annual depreciation= $189,600
Explanation:
Giving the following information:
On January 1, 2017, anodel, Inc. acquired a machine for 1,010,000. the estimated useful life of the asset is five years. residual value at the end of five years is estimated to be 62000.
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (1,010,000 - 62,000)/5= $189,600
