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3 years ago

Which of these statements describes the costs and benefits of taking a college loan?

Business

1 answer:

muminat3 years ago

8 0

Answer:

Benefits of taking college loan

Explanation:

Their are various cost and benefits of taking a college loan most importantly the basic benefit is that the loan involved is mostly interest free and student friendly students don't have to bear any additional cost involved students along with less interest can help in managing their financial expenses manage their school fees and can improve their qualifications as well their so basic benefit is that they can manage their qualification expenses very well so one should keep in mind availing the facility of loan that they just have to return the principal amount on easy payback conditions as per their own suitability one can avail the facility and opt for the loan and then your education will definitely improve in result of that.

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During the year, Next Tec Corp. had the following cash flows: receipt from customers, $12,000; receipt from the bank for long-te

Amiraneli [1.4K]

Answer: $6000

Explanation:

Financing activities are all activities that a corporation undertakes to affect the company's long-term liabilities or equity.

You list the following activities

receipts from customers
receipt from bank for long-term borrowing
payment to suppliers
payment of dividends
payment to workers
payment for machinery

Any receipts to customers or payments to suppliers are short-term reimbursements for labor or purchase of product, and as such are not included in the financing activity cash flows. Your payments for machinery are not financing activities either as machinery is not considered a liability, rather, it is an asset for the company.

However, your receipt from the bank for long-term borrowing and payments of dividends affect both long-term liabilities and equity, and those are reflected on the financing cash flows as such

Receipts from the bank for long-term borrowing - $7500

Payment of dividends - ($1500)

Net cash flows from financing activities - $6000

8 0

3 years ago

Q 6.31: High-technology and fashion are types of industries likely to frequently use A : the average cost basis. B : cost of goo

Sergio039 [100]

Answer:

C : the lower-of-cost-or-net realizable value (LCNRV) basis.

Explanation:

High-technology and fashion are types of industries likely to frequently use ''the lower-of-cost-or-net realizable value (LCNRV) basis''. These types of industries having an inventory that has an uncertain future. Obsolescence, defects, oversupply, higher price declines, and similar obstacles can contribute to uncertainty about the realization of inventory items and hence accountants of these industries evaluate inventory and employ lower of cost or net realizable value considerations.

8 0

3 years ago

How many types of money are included in the M2 category? A.two B.three C.four D.five

RSB [31]

There are four types of money included in the M2.

3 0

4 years ago

Read 2 more answers

Which of the following is a disadvantage of the sole proprietorship form of ownership?

GREYUIT [131]

Answer:

D.......... .................... .. . . ...... ..........

4 0

3 years ago

Many states are carefully considering steps that would help them collect sales taxes on items purchased through the internet. ho

Oxana [17]

The sample size needed to obtaing a 95% confidence interval that is within 8 percentage points of the true proportion is given by:

$n=\frac{p(1-p)z_{\alpha/2}}{B^2}$

where: p is a previously known proportion about the population, $z_{alpha/2}=1.96$ is the 95% z-statistics, B is the bound of error = 8.

Because, we have no prior knowledge about the true proportion of the population, we use 50%.

Thus,

$n=\frac{0.5(1-0.5)(1.96)^2}{(0.08)^2} \\ \\ = \frac{0.5(0.5)(3.8416)}{0.0064} = \frac{0.9604}{0.0064} \\ \\ =\lceil150.06\rceil=151$

Therefore, the number of randomly selected sales transactions that must be surveyed to determine the percentage that transpired over the internet within eight percentage points of the true population percentage for all sales transactions with a 95% confident is 151.

8 0

3 years ago