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2 years ago

Which of the following statements about federal student loans is true

1 answer:

6 0

What are the answer choices?

if these :
<span>A) the interest rate on your loan will be fixed over time.
B) the interest rates on federal loans and private loans are similar.
C) you can only get federal student loans if you demonstrate financial need.
D) you do not accumulate interest on federal loans.
</span>
are your choices, than your answer should be A.
The statement that is true about federal student loans would be that the interest rate on your loan will be fixed over time.

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Garcia Company issues 11.5%, 15-year bonds with a par value of $450,000 and semiannual interest payments. On the issue date, the

noname [10]

Answer:

Journal Entry

Date Account Titles and Explanation Debit Credit

Jan 1 Cash $511,875

Bond payable $450,000

Premium on bond payable $61,875

($450,000*13.75%)

(To record issue of bonds at premium)

4 0

2 years ago

On December 31, 2019, the ledger of Lopez Company contained the following account balances: Cash $ 66,000 Maria Lopez, Drawing $

vlada-n [284]

Answer:

1. Dec 31, 2019

Dr Fees Income $107,500

Cr Income Summary $107,500

2. Dec 31, 2019

Dr Income summary 60,000

Cr Salaries expense 34,000

Cr Supplies expense 6,000

Cr Utilities expense 9,300

Cr Telephone expense 5200

Cr Depreciation expense 5500

3. Dec 31, 2019

Dr Income summary 47,500

Cr Retained earnings 47,500

4. Dec 31, 2019

Dr Maria lopez, capital 52,000

Cr Maria lopez, drawing 52,000

Explanation:

Preparation of the closing entries for the above transactions

1. Dec 31, 2019

Dr Fees Income $107,500

Cr Income Summary $107,500

(To close revenue account)

2. Dec 31, 2019

Dr Income summary 60,000

(5500+5200+9300+6000+34000)

Cr Salaries expense 34,000

Cr Supplies expense 6,000

Cr Utilities expense 9,300

Cr Telephone expense 5200

Cr Depreciation expense 5500

(To close expenses account)

3. Dec 31, 2019

Dr Income summary 47,500

($107,500-60,000)

Cr Retained earnings 47,500

(To close income summary account)

4. Dec 31, 2019

Dr Maria lopez, capital 52,000

Cr Maria lopez, drawing 52,000

(To close drawings account)

6 0

2 years ago

In preparing Tywin Company's statement of cash flows for the most recent year, the following information is available: Purchase

soldier1979 [14.2K]

Answer:

-$264,000

Explanation:

The net cash flows from investing activities for the year is presented below

Cash flow from investing activities

Purchase of equipment -$260,000

Proceeds from the sale of equipment $87,000

Purchase of land -$91,000

Net cash flow used by investing activities -$264,000

The purchase is a cash outflow so it would be shown in a minus sign whereas sales is a cash inflow so it would be added

3 0

2 years ago

The following order book exists for a particular stock. The last trade on the stock was at $58.34. Buy Orders Sell Orders Shares

Molodets [167]

a) Price of a buy order of 200 shares is $58.36.Because there was an offer of sale that is 250 shares at $58.36 per share, so the price would remain constant at 200 Shares.

8 0

2 years ago

how can you guarantee that your talk or speech will be interesting to your audience? Is this good advice? Why or why not? Justif

Rashid [163]

If you want to make sure it's interesting, you have to cater your speech/talk to your target audience. This is good advice. A 15-page detailed Powerpoint presentation with note cards would do as much good when presenting to kindergarteners as a water hose would do good in a flood. But, say, it was a fire, then the water hose might come in handy. In our case, your boss at the business meeting would find your Powerpoint much more interesting than kindergarteners would.

Hope this helps! Have a nice day :)

7 0

2 years ago