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2 years ago

Which loan type provides interest subsidy meaning department of education pays your interest while.

Business

1 answer:

zlopas [31]2 years ago

5 0

Subsidized direct loan provides interest subsidy meaning department of education pays your interest while.

The term loan refers to a type of credit vehicle in which a sum of money is lent to another party in exchange for future repayment of the value or principal amount. In many cases, the lender also adds interest and/or finance charges to the principal value which the borrower must repay in addition to the principal balance. Loans come in many different forms. There are a number of factors that can differentiate the costs associated with them along with their contractual terms. Interest rates have a significant effect on loans and the ultimate cost to the borrower. Loans with higher interest rates have higher monthly payments or take longer to pay off than loans with lower interest rates.

Learn more about loan, refer:

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On January 1, Year 1, Maverick Company sold bonds that pay interest semiannually on June 30 and December 31. Maverick has a fisc

Fiesta28 [93]

Answer:

$3,003

Explanation:

Interest expense = Effective interest for first interest period × Period of time covered by adjusting entry.

Therefore:

Interest expense = $9,009 × 2/6 = $3,003

The adjusting entry will record interest for the two-month period conservatively which includes January and February, Year 1 in which It will include a debit to Interest Expense in the amount of $3,003.

Hence,

Dr Interest Expenses $3,003

The amount of interest expense that should be accrued by Maverick in an adjusting entry dated February 28, Year 1 is

$3,003

5 0

3 years ago

The developers of your new system have proposed two different AIS designs and have asked you to evaluate them. This evaluation p

Tamiku [17]

Answer:D - system analysis

Explanation: The system analysis stage in the System Development Life Cycle is on of the most important step. Here the security of the system is analysed to test if it will perform the function accurately without security bridge.

At this state, the security activity of the system is tested.

4 0

3 years ago

Lori and monica are looking at the cans of coffee on display at a local supermarket. they are trying to decide which of two diff

Vesnalui [34]

Monica suggests that the larger size is usually a better buy. Lori is using a(n) "algorithm" ; Monica, a(n) "<span>heuristic".

Lori's technique is requesting or demanding, however ensured to disclose to her which can is the better purchase. Monica's strategy is brisk and simple, however it may not yield the right answer. </span>

7 0

3 years ago

Bavarian Bar and Grill opened for business in November 2018. During its first two months of operation, the restaurant sold gift

zhannawk [14.2K]

Answer:

Sale of gift cards

Debit Bank $6,800 Credit Gift Card Certificate liability $6,800

Redemption of cards

Debit Gift card liability $2,100 Debit Bank $500 Credit Revenue $2,500 Credit sales tax payable 100

2) Liability to be reported in balance sheet = ( 6800-2100) = $4,700

3) Non current liabilities

Gift Card certificate $680

Current Liability

Gift Cards Certificates $4,020

Sale tax payable $100

Explanation:

Sales tax payable (2500*4%) = $100

The bank of $500 in the Redemption of cards journal is a balancing figure.

Classification of the liability in types of liability

Current liability

Gift card certificates sold = 6800

current liability 90% =6120

deduct redeemed card = -2100

current liability = $4,020

Non_Current Liabilities

Gift Card not yet redeemed = 4700

less current gift card liability = -4020

non current liability =680

8 0

3 years ago

Weighted average cost of capital American Exploration, Inc., a natural gas producer, is trying to decide whether to revise its

saw5 [17]

Answer:

American Explorations current WACC is 9%

Explanation:

The computation of WACC is shown below:

= (Cost of equity × equity percentage) + (after-tax cost of debt × debt percentage)

= (12% × 50%) + (6% × 50%)

= 6% + 3%

= 9%

Since we have to compute only current WACC so we considered the 50-50 ratio. Hence, we ignored 70% cost of debt

WACC shows a relationship between debt, equity and the preferred stock.

3 0

3 years ago