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Nostrana [21]
3 years ago
6

Alphonse is attending college next year. He received this offer from a university. His parents told him they would pay for his r

oom and board if he lives at home instead of in the dorms. He would only need to pay $2,000 for his car and insurance if he lives at home. Financial Analysis for University Costs per Year Financial Aid Package per Year Tuition & Fees Scholarships & Grants $10,500 $4,000 Room & Board Work-Study $11,500 $2,000 Which statements about the offer are true? Check all that apply. The total cost per year is $22,000 if he lives in the dorm. He would save $9,500 per year if he lives at home. He would save $11,500 per year if he lives at home. He has $6,500 in expenses that are not covered by financial aid if he lives at home. He has $4,500 in expenses that are not covered by financial aid if he lives at home. He will need to repay the $24,000 in scholarships, grants, and work-study money he receives during the four years of college.
Business
1 answer:
leva [86]3 years ago
6 0

Answer:

the answer is A, B, and D.

Explanation:

just took the test and these were the answers. please give me brainliest!

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(Lessee-Lessor Entries, Sales-Type Lease; Guaranteed Residual Value) Phelps Company leases a building to Walsh, Inc. on January
Artist 52 [7]

<u>Solution and Explanation:</u>

Calculation of Minimum lease annual payments from (MLP)    

Year  MLP from lessor       Present value                   Present valur of

                  point of view    factor 8%                    cash flows

1                  $4,703                  1 /(1.08)=0925   $4,350.28

2                    $4,703                  1 /(1.08)^{\wedge} 2=0.857 $4,030.47

3                   $4,703               1 /(1.08)^{\wedge} 3=0.793  $3,729.48

4                 $4,703               1 /(1.08)^{\wedge} 4=0.735  $3,456.71

5                   $4,703              1 /(1.08)^{\wedge} 5=0.680  $3,198.04

   

Total of Minimum

lease Payments  $23,515                                       $ 18,764.97

Add    

Unguaranteed

residual value(ugrv)  4000  1 /(1.08)^{\wedge 5}=0.680  $2,720.00

Asset to be recorded

in the books of lessor

(sum of mlp +ugrv)  $27,515                             $ 21,484.97

Here        

Gross Investment=$27515        

Lease receivable recorded in in the books of lessor(Phelps)(Mimum lease payments + Unguaranteed residual )value = $21484  $21,484      

Walsh (lessee) shoiuld be recorded the amount of present value of minimum lease payments + Guaranteed Residual value=$18764.97 as asset and liabilty            

b) In the books of phelps (lessor)        

2017.01.01  Lease Recievble from walsh ….Dr  $21,484      

                                 to Asset                              $21,484      

(Being Lease receivable recorded )        

In the books of Walsh (lessee)        

2017.01.01  Asset ac ……………Dr  $18,764        

         to Lease Liabilty(Lessor)               $18,764      

(Being the asset and liabilty recorded )                

2017.12.31  Depreciation ……Dr  3752        

                            to Asset                      3752        

(Beint Depreciation recorded charged during the year recorded 18764/5 provided for 5 years)

Here annual payment started from the at the beginning of year i.e annual lease payments start from 01.01.2018.

c)  If expected residual value of $4000 is guaranteed by walsh no changes will be made in classification of lease and there is no chages in asset recorded in Lessor books. But changes will be made in the books of lessee as present value of guaranteed residual value should be added to asset I.e $18764+Present vlue of $4000     $18764+2720=21484

d)   If expected residual value of $3000 is guaranteed by walsh no changes will be made in classification of lease and there is no chages in asset recorded in Lessor books But changes will be made in the books of lessee as present value of guaranteed residual value should be added to asset    I.e $18764+Present vlue of $3000       $18764+$2040=$20804

 

5 0
3 years ago
Rachelle purchased a warehouse 19 years ago in the month of September. The purchase price was $400,000. In May of the current ye
statuscvo [17]
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3 0
3 years ago
the type of selection methods which are used to narrow down a list of finalists to those who will receive job offers is called
spayn [35]

The type of selection methods which are used to narrow down a list of finalists to those who will receive job offers is called Discretionary Method.

Picking from a list of universities one would like to attend is the hardest decision to make. However, it is crucial to take into account a number of criteria while selecting the best decision. When you have a long list of options, the registrars will find it simple to advise you on which is best.

If you chance to acquire numerous admissions from all the choices you had made, it is also up to you to make an easy pick. So always choose the greatest option available.

To know more about the Discretionary visit here :

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6 0
1 year ago
During the year, Hamlet Inc. paid $22,000 to have bond certificates printed and engraved, paid $170,000 in legal fees, paid $9,0
xenn [34]

Answer:

$481,000

Explanation:

Bond issue costs are either direct or indirect costs:

  • direct costs include underwriting fees, listing fees, professional fees, compliance costs and other costs related to the IPO or APO (secondary issues), e.g printing costs
  • indirect costs include underpricing costs (IPO pricing is too low) and loss of proprietary information

Total bond issue costs = $22,000 + $170,000 + $9,000 + $280,000 = $481,000

5 0
3 years ago
When a company owner practices price discrimination, the marginal revenue of an extra unit sold.
Kamila [148]

When a business owner uses price discrimination, the marginal revenue curve and the market demand curve are in line, therefore the marginal revenue is the same as the product's price.

The additional money made by selling one more unit of output is known as marginal revenue. The law of diminishing returns eventually leads marginal revenue to start dropping as output level grows, even though it can stay constant at a certain level of output.

The incremental cost or profit made when producing the following item is referred to as marginal. While marginal cost is the additional expense for producing one extra unit, marginal product is the increased revenue.

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5 0
1 year ago
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