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3 years ago

Which of the following statements about the Federal Application for Student Aid (FAFSA) is TRUE?

2 answers:

7 0

Using the FAFSA form, you can apply for federal student loans and the federal work-study program. The IRS Data Retrieval Tool allows you to view and transfer your tax information directly into your FAFSA form. Federal Student Loan is the way to pay for your higher education that will require you to pay back the money you receive.

laiz [17]3 years ago

3 0

Using the FAFSA form, you can apply for Federal student loans, the federal work-study program, grants, federal student loans, and even state and school financial aid.

The following statements about the FAFSA is true:

The IRS Data Retrieval Tool allow's you to view and transfer your tax information directly into your FAFSA form. Correct answer:C

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Pretax accounting income for the year ended December 31, 2021, was $53 million for Truffles Company. Truffles' taxable income wa

Anuta_ua [19.1K]

Answer:

$17,820,000

Explanation:

The amount of tax due to government authorities for the current period is referred to as current portion of income tax expense. It is calculated by product of current or enacted tax rate and taxable income for the period

Taxable income for 2021 = $66million

Enacted or current tax rate for 2021 = 27%

Current portion of income tax expense for 2021 = Taxable income x current tax rate = $66 million x 27% = $17,820,000million

Hence Current portion of income tax expense = $18 million

4 0

3 years ago

Which of the following are examples of natural barriers to entry? Correct Answer(s) Drag appropriate answer(s) here Smaller comp

andreyandreev [35.5K]

Answer:

These are correct:

Smaller companies with smaller production processes have higher per unit costs than larger companies. - smaller firms find it harder to adopt economies of scale to reduce costs.
Over time, a firm takes control of 85% of the world’s supply of a chemical used in the production of plastic. - the firm has almost total control over a scarce resource, and new competitors have to scramble for the remaning 15%. (note: this is a natural barrier to entry as long as the pharmaceutical company did not collude with the government to reach such a high market share, in said case, it would be an artificial barrier to entry).
Lenders are hesitant to provide funding for new firms that will compete with a large, well-established firm. - a small firm may lack market credibility in the financial markets, because investors are hesitant about the future of the company, or do not expect high rates of return.

5 0

3 years ago

J Corporation has two divisions. Division A has a contribution margin of $79,300 and Division B has a contribution margin of $12

Allushta [10]

Answer:

Net income= $98,200

Explanation:

Giving the following information:

Division A:

The contribution margin of $79,300

Division B:

Contribution margin of $126,200.

The total traceable fixed costs are $72,400 and total common fixed costs are $34,900.

To calculate the net operating income, we need to deduct from the combined contribution margin the fixed costs.

Net income= (79,300 + 126,200) - 72,400 - 34,900

Net income= $98,200

7 0

3 years ago

Uhhhh can I get help plss

Maru [420]

Agriculture,Food, and Natural Resources because it was a natural oil she made.

4 0

2 years ago

Read 2 more answers

Following are transactions for Valdez Services, a company owned by Brina Valdez. A. Brina Valdez invested $20,000 cash in the co

Sphinxa [80]

Answer:

Transactions that create revenue :

Transaction B

Transaction C

Transaction D

Journal Entries :

Transaction B

Cash $900 (debit)

Sales Revenue $900 (credit)

Transaction C

Cash $10,000 (debit)

Unearned Revenue $10,000 (credit)

Transaction D

Cash $3,500 (debit)

Accounts Receivable $3,500 (credit)

Explanation:

Transactions that create revenue

Hint ; Revenue is the increases in income that results in increases in assets and decreases in liabilities

3 0

3 years ago