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Nastasia [14]
3 years ago
8

Matt wants to attend a university in California and is waiting to hear back from schools where he has applied. He has filled out

a FAFSA, which is a federal form that helps the government determine financial need for grant programs.
Matt’s family has limited savings. Also, he wants to avoid taking on a great deal of debt that will have to be paid once he is out of school. Which options would best suit his circumstances?
Which options would meet Matt’s needs? Check all that apply.
-getting a work-study job
-taking out a private loan
-applying for federal loans
-applying for federal grants
-working at an on-campus job
-participating in a national service program
Business
2 answers:
Andreyy893 years ago
7 0

Answer:

Getting a work-study job

Working at an on-campus job

Explanation:

The first option that will meet Matt's needs is to get a work-study job. A work-study job is like a financial aid program available in the universities to help students out of their financial needs. Work-study job is a part-time job that will enable Matt to work while studying at the University in California. It allows Matt to engage in a part-time job for some hours a week during his free time, like 20 hours a week while he studies in school and earns some money to subsidize the cost of his studies since Matt wants to avoid paying debt once he is out of school.

A work-study job is the best option for Matt's finance position because it will provide financial assistance for the cost of his education.

The other option for Matt is to work at an on-campus job. This is almost the same as a work-study job because it is a part-time job and carried out only in his free time. It is a part-time job done by students in the university while studying to help their financial needs. The only difference with the work-study job is that the job here will only be done on campus, unlike work-study job which can be done outside the campus. Here Matt will have to get a part-time job on campus and not outside the campus.

maks197457 [2]3 years ago
6 0

Answer:

  • Applying For Federal Grants
  • Having An On-Campus Job
  • Getting Work-Study Job

Explanation:

Since Matt has already filled FAFSA, a form that helps the government determine the grants, his first choice could be federal grants. Federal government provides around  $150 billion per year in loans and grants for students who want to attend the California State University or private institution or UC. And, since grants are non-refundable, Matt won't feel any stress during or after his college days. What he needs to do is to provide complete details of his financial circumstances to get those grants.  

An on-campus job is probably the best option. It will help Matt to maintain a balance between academics and work while arranging funds. Also, there aren't additional transportation costs associated with them.

If on-campus job is not available, the other option is getting a work-study job. Work-study jobs are federal and state-funded ( sometimes), that help campus students with finances. While it won't cover all fees, you have to combine them with your scholarships, loans, or grants. But it can be quite beneficial for Matt, if he qualifies.

And, since he has already filled FAFSA, he is eligible for it. Just one thing that Matt has to ensure is whether or not his school offers work-study.

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Eventually, Wallace expects that domestic production of the mousetrap will cease altogether. This would happen in the ________ s
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Maturing product

Explanation:

A product goes through four stages in its life, introduction, growth, maturity and decline. It is during the maturity stage that sales drop as the product has reached almost everywhere. Consumers have accepted the product and now there is no further scope of reach.

Here, mousetrap production is expected to stop indicating that it has entered maturity stage of its life cycle. So, it's a maturing product.

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4 years ago
The method that allocates an equal amount of depreciation to each year of an asset’s service life is:
kvasek [131]

Answer: Straight line method of depreciation

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This method is not commonly used for assets having longer term period but still some business entities use it as it is easy to calculate.

6 0
4 years ago
If you receive a ticket to a concert at no charge, what, if anything, is your opportunity cost of attending the concert?
spin [16.1K]

Answer:

The opportunity cost of attending the concert=$0

Explanation:

An opportunity cost is the total monetary loss that one has when they choose a given option. It can also be defined as the gain that one misses when the individual or business chooses one alternative over the other. Opportunity costs are not heavily considered in financial reports, however individuals or businesses who have the opportunity to choose from many alternatives at the same time need to consider the opportunity cost to make a more valuable decision in the long-run. Opportunity costs helps individuals and businesses to make better decisions on the options they have at their disposal.

The opportunity cost can be Determined using the following expression;

OC=FO-CO

where;

OC=opportunity cost

FO=return on best forgone option

CO=return on chosen option

Since in our case, the forgone option was not attending the concert, the cost would be=0

Also since the chosen option was the ticket at no charge, the cost would be=0

In our case;

OC=unknown

FO=0

CO=0

replacing;

OC=0-0=0

The opportunity cost of attending the concert=$0

7 0
3 years ago
15) One year ago, you purchased 400 shares of Romy’s Roses stock at a price of $24.15 a share. The stock pays an annual dividend
alukav5142 [94]

Answer:

= $2,748

Explanation:

Number of shares purchased = 400

Price per share (a year ago)= $24.15

Total price paid a year ago = 400*$24.15 = <em>$9,660 </em>

Annual dividend per share = $1.82

Total dividend earned = 400 * $1.82 =<em> </em><em>$728</em>

Price per share (today)= $29.20

Proceeds from sale of shares today = 400*$29.20 = <em>$11,680</em>

Next, find total dollar return;

<em>Total dollar return</em><em> = </em>Total dividend earned + Proceeds from sale of shares today - Total price paid a year ago

= <em>$728+ $11,680 - $9,660 </em>

<em>= $2,748</em>

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3 years ago
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