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3 years ago

Which of the following financial packages has the lowest total cost to the student?

Business

2 answers:

VARVARA [1.3K]3 years ago

5 0

ANSWER: A. 25% academic scholarship, 50% Grants, 25% subsidized loans

EXPLANATION: The lowest cost to the student means the lowest expenditure of the student for his education.

Going by the option A if the student receives 25% academic scholarship, 50% grants and 25% subsidized loans, the student's expenditure will only be repaying the loan amount. Academic scholarships and Grants are non-repayable fund and are thus waived off from his educational expenditure.

If the student gets 50% academic scholarship and 50% subsidized loans, then he will have to pay back 50% of the academic fees compared to the option A where only 25% was needed to be repaid.

Similarly, for the next two options, the subsidized loan facility doesn't fall to 25%. So these options will be costing more to the student.

Bezzdna [24]3 years ago

3 0

A. Because grants and scholarships are free money and loans have to be repaid. 25% is the lowest amount of loans

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A product with a low level of elasticity of demand has which feature?

I am Lyosha [343]

C is the correct answer. A product with low elasticity of demand is most often a neccessity and price does not affect demand. The demand for a low elasticity of demand product changes very little over time

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2 years ago

Barclay Enterprises manufactures and sells three distinct styles of bicycles: the Youth model sells for $370 and has a unit cont

Nataliya [291]

Answer:

794 composite units.

Explanation:

Calculation to determine the firm's break-even point in composite units

First step

Contribution Margin per Composite Unit:

Youth model $700

($140× sales mix of 5 )

Adult model model $4,365

($485× sales mix of 9)

Recreational model $3,210

( $535 × sales mix of 6 )

Contribution Margin per Composite Unit=8,275

($700+$4,365+$3,210)

Now let determine the Break-even Sales in Composite Units using this formula

Break-even Sales in Composite Units = Total Fixed Costs/Contribution Margin per Composite Unit

Let plug in the formula

Break-even Sales in Composite Units = $6,570,000/$8,275

Break-even Sales in Composite Units = $793.9

Break-even Sales in Composite Units = 794 composite units

Therefore the firm's break-even point in composite units is 794 composite units.

4 0

3 years ago

Cynthia Co. exchanged Building 24 which has an appraised value of $4,800,000, a cost of $7,600,000, and accumulated depreciation

DENIUS [597]

Answer:

See the journal entries below.

Explanation:

In the Book of Cynthia Co.

Book value of Building 24 = Cost of Building 24 - Accumulated depreciation of Building 24 = $7,600,000 - $3,619,000 = $3,981,000

Gain on disposal of Building 24 = Building 24 an appraised value of - Book value of Building 24 = $4,800,000 - $3,981,000 = $819,000

Basis for Building M = Building M appraisal value - Gain on disposal of Building 24 = $4,560,000 - $819,000 = $3,741,000

Cash = Accumulated Depreciation of Building 24 + Basis for Building M - Cost of Building 24 - Gain on Disposal of Building 24 = $3,619,000 + $3,741,000 - 7,600,000 - $819,000 = $1,059,000

The journal entries will look as follows:

Accounts Title Debit ($) Credit ($) 

Accumulated Depreciation 3,619,000

Building M 3,741,000

Cash 1,059,000

Building 24 7,600,000

Gain on Disposal 819,000

To record the exchange of Building 24 for Building M from Waterway Co.

In the Book of Waterway Co.

Building 24 = Building M cost + Cash - Building M depreciation = $9,096,000 + $1,059,000 - $4,747,000 = $5,408,000

The journal entries will look as follows:

Accounts Title Debit ($) Credit ($) 

Accumulated Depreciation 4,747,000

Building 24 5,408,000

Building M 9,096,000

Cash 1,059,000

To record the exchange of Building M for Building 24 from Cynthia Co.

4 0

3 years ago

Examine transnet in terms of the characteristics of a monopoly

lukranit [14]

Transnet is South African transportation sector company. This company included freight, logistic, and rail transportation in its business. For a decade, the Transnet Company have enjoyed the monopoly market in fright, logistic, and rail transportation in South Africa. because they control every rail in South Africa back then.

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3 years ago

Gulph Company reported the following results for May: sales $200,000, variable costs $120,000 and fixed costs $60,000. What amou

jeka57 [31]

Answer:

Break-even point (dollars)= $275,000

Explanation:

Giving the following information:

sales $200,000

variable costs $120,000

fixed costs $60,000

desired profit= $50,000

To calculate the sales required to achieve the desired profit, we need to use the break-even point in dollars formula:

Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio

Break-even point (dollars)= (60,000 + 50,000) / [(200,000 - 120,000)/200,000]

Break-even point (dollars)= 110,000 / 0.4

Break-even point (dollars)= $275,000

6 0

3 years ago