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3 years ago

What report do you receive after you complete the FAFSA?

Business

2 answers:

Sholpan [36]3 years ago

8 0

Answer:

b. student aid report (SAR)

Explanation:

apex

suter [353]3 years ago

3 0

Answer:

B) Student Aid Report (SAR)

Explanation:

This is the report you get after completing the government provided FAFSA.

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At December 31, Gill Co. reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (credit) b

Firlakuza [10]

Answer: $7,740

Explanation:

Given, At December 31, Accounts receivable = $238,000

Allowance for uncollectible accounts = 3% of (accounts receivable)

∴ Allowance for uncollectible accounts = 3% of ($238,000 )

=$(0.03 ×238,000) [3% = 0.03]

= $ (7140)

= $7,140

Allowance for uncollectible accounts (credit) before any adjustments= $600

The amount of the adjustment for uncollectible accounts = Allowance for uncollectible accounts + $600

= $7,140 + $600

= $7,740

Hence, The amount of the adjustment for uncollectible accounts would be: <u>$7,740.</u>

5 0

3 years ago

taxes: a. are unlikely to affect market supply and demand b. are copmulsory payments to governments c. never affect efficiency i

Crank

Answer:

The answer is B.

Explanation:

Taxes are compulsory payment levied by a government of a country. It is not voluntary.

We have direct and indirect tax.

Direct taxes are those taxes that are imposed on individual and company. A company is charged at a rate after its profit is known. An individual earning salary is charged before the salary is collected.

Indirect taxed are those levied on goods and services. These types of taxed are pass on to the consumers in form of price of goods.

Tax is mandatory for everyone. Its a revenue for government

5 0

3 years ago

Maplewood Company incurred the following costs for 70,000 units: Variable costs $420,000 Fixed costs 392,000 Maplewood has recei

Anika [276]

Answer:

$8.1

Explanation:

Variable cost to be incurred for the offer = ($420,000/70,000) * 3,000

Variable cost to be incurred for the offer = $6 * 3,000

Variable cost to be incurred for the offer = $18,000

Additional Fixed cost = $6,300

Total Cost incurred for the offer = Variable cost to be incurred for the offer + Additional Fixed cost

Total Cost incurred for the offer = $18,000 + $6,300

Total Cost incurred for the offer = $24,300

Unit Sales Price (Break even) = Total Cost incurred for the offer / 3,000 units

Unit Sales Price (Break even) = $24,300 / 3,000 units

Unit Sales Price (Break even) = $8.1

8 0

3 years ago

Macy Corporation's relevant range of activity is 8,100 units to 16,500 units. When it produces and sells 12,300 units, its avera

Bingel [31]

Answer:

Contribution margin per unit = $18.55

Explanation:

Contribution margin = Net sales value - Variable cost per unit.

Variable cost per unit will be same as that of average variable cost, as is completely proportional to number of units.

Variable cost is 100% avoidable for the units not produced.

Thus,

Total Variable cost per unit shall be:

Direct material = $5.50

Direct Labor = $3.95

Variable manufacturing overhead = $1.95

Sales Commission = $1.20

Variable administrative expense = $0.85

Total variable cost = $13.45

Selling price per unit = $32.00

Therefore, contribution margin per unit = $32 - $13.45 = $18.55

6 0

4 years ago

Suppose a firm occasionally faces demand for short-term credit but usually has an excess of short-term capital to finance curren

nadezda [96]

Answer: Conservative approach; Short term debt

Explanation:

Conservative approach is used by a company to maintain a level of current assets that is high which invariably leads to higher working capital. This is used by a firm that occasionally faces demand for short-term credit but usually has an excess of short-term capital to finance current assets.

Short term debts typically costs less than the long term debts as it's for a shorter duration.

8 0

3 years ago