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LenaWriter [7]
2 years ago
6

quiz which loan type provides interest subsidy, meaning department of education (ed) pays your interest while you're in school,

during your grace period, and during deferment?
Business
1 answer:
omeli [17]2 years ago
7 0

A subsidized direct loan is the loan that provides interest subsidy because the department of education (ed) pays the interest while you're in school, during your grace period and during deferment.

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

These are direct loans that are made eligible to undergraduate students who are in need of help to cover the costs of higher education.

It is also one that provides an interest subsidy because the department of education (ed) pays the interest while you're in school, during your grace period and during deferment.

Read more about subsidized direct loan

brainly.com/question/25415243

#SPJ1

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A company has 12,247 customers they extend credit to, they will have 12,247 __________________ accounts.
iogann1982 [59]

The company would have 12,247 subsidiary accounts.

<h3>What is a credit?</h3>

A credit is a loan facility granted by a bank or an institution to its customers. This is to enable the customers access funds with a view to paying back at a future date.

Companies or institutions grant credit facilities to encourage their customers plan for their business and then pay back later.

Hence, the company would have 12,247 subsidiary accounts since they  extend credits to 12,247 customers.

Learn more about credits here : brainly.com/question/9913263

4 0
2 years ago
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 4.50 p
vodomira [7]

Answer:

The right solution is "$78.55".

Explanation:

The given values are:

Material cost,

= $5 per pound

Average freight costs,

= $0.25 per pound

Downtime average,

= 0.40 hours per unit

According to the question,

The direct material cost per unit will be:

=  ((4.5+0.5)\times 5\times 0.98)+(0.25\times (4.5+0.5))

=  (5\times 5\times 0.98)+(0.25\times 5)

=  24.5+1.25

=  25.75 ($)

The direct labor will be:

=  ((2.0+0.4)\times 12)+(3\times (2.0+0.4))

=  28.8+7.2

=  36 ($)

Manufacturing overhead will be:

=  (2.0+0.4)\times 7

=  2.4\times 7

=  16.8 ($)

hence,

The standard cost per unit will be:

=  Direct \ material+Direct \ labor+Manufacturing \ overhead

=  25.75+36+16.8

=  78.55 ($)

7 0
3 years ago
Bramble Family Importers sold goods to Tung Decorators for $39,000 on November 1, 2020, accepting Tung’s $39,000, 6-month, 6% no
Aliun [14]

Answer:

note receivable       39,000 debit

        sales revenue               39,000 credit

--Nov 1st to record sale of goods to Tung Decorators --

interest receivalbe       390 debit

interest revenue                      390 credit

--Dec 31th adjusitng entry for accrued interest --

cash                       40,170 debit

        note receivable                39,000 credit

        interest receivable                390 credit

        interest revenue                    780 credit

--May 1st collection of the note--

Explanation:

<u>First</u>, we record the sales revenue and we enter the promissory note at his nominal. Interest will be accrued as the time past.

<u>interest for the period Nov 1st - Dec 31th</u>

prncipal x rate x time

we must always have rate adn time in the same metric so we express the mont has fraction of year:

39,000 x 6% x 2/12  = 390

<u>collection of the note</u>

cash procceds: principal + interest

39,000 x (1 + 6% x 6/12)  = 40,170

we write off both receivables, the note and the interest,

and we recognize interest revenue for the difference

40,170 - 39,000 - 390 = 780

6 0
3 years ago
Iris Company has provided the following information regarding two of its items of inventory at year-end: There are 160 units of
maw [93]

Answer:

$7,840

Explanation:

The inventory of Items A and B should be valued at the lower of cost and the net realizable value.

The cost is the invoice price at time of purchase ,while the net realizable value is the selling price less to sell

Products              Cost          Selling price cost to sell NRV    unit value

   A                         $18               $22                $6     $16             $16

   B                          $48              $54                $4    $50             $48

Item A is valued at $16 each i.e $16*160=$2,560

Item B is valued at $48 each i.e $48*110=$5,280

total value of inventory                             =$7,840

The ending inventory valued at the lower of cost or net realizable value is worth $7,840

6 0
3 years ago
Who is president <br> Of the United States of America
Hoochie [10]
Barack Obama is the President of the US
4 0
3 years ago
Read 2 more answers
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