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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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Answer:

a. $5,000

b. $5,500

c. $6,000

Explanation:

The computation of the depreciation expense for the second year is shown below:

a) Straight-line method:

= (Original cost - residual value) ÷ (useful life)

= ($22,000 - $2,000) ÷ (4 years)

= ($20,000) ÷ (4 years)

= $5,000

In this method, the depreciation is same for all the remaining useful life

(b) Double-declining balance method:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 4

= 25%

Now the rate is double So, 50%

In year 1, the original cost is $22,000, so the depreciation is $11,000 after applying the 50% depreciation rate

And, in year 2, the $11,000 × 50% = $5,500

(c) Units-of-production method:

= (Original cost - residual value) ÷ (estimated production)

= ($22,000 - $2,000) ÷ ($100,000 miles)

= ($20,000) ÷ ($100,000 miles)

= $0.2 per miles

Now for the second year, it would be

= Production units in second year × depreciation per miles

= 30,000 miles × $0.2

= $6,000

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3 years ago
The price of a stock today is $100. next year, the stock price will be either $120 or $90. the risk-free rate is 3% per year. wh
fredd [130]
A. The put option price is $4.00
5 0
3 years ago
MC Qu. 93 Schrank Company is trying to decide how... Schrank Company is trying to decide how many units of merchandise to order
ss7ja [257]

Answer:

43,000 units

Explanation:

Given that,

Projected sales in August = 48,000

Projected sales in September = 38,000

Projected sales in October = 58,000

Ending inventory is the 25% of the next month's sales.

The units purchased in the month of September includes the amount of sales in this month and the amount of ending inventory for this month but the amount of beginning inventory excludes from this calculation of purchases.

Ending inventory for September:

= 25% of the next month's sales

= 0.25 × Sales in October

= 0.25 × 58,000

= 14,500

Here, the opening inventory for September is the amount of ending inventory for August.

Opening inventory for September:

= 0.25 × Sales in September

= 0.25 × 38,000

= 9,500

Units to be purchased:

= Sales in September + Ending inventory for September - Opening inventory for September

= 38,000 units + 14,500 - 9,500

= 43,000 units

8 0
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Weir inc.'s perpetual preferred stock sells for $97.50 per share, and it pays an $8.50 annual dividend. if the company were to s
ipn [44]

We can use the PV of perpetuity formula as the dividends will be paid for the infinite period of time. But we need to do a small adjustment for floatation cost. Following formula can be applied:

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= 8.50 / ( 97.50 x (1- 0.04))

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Answer:

Did you mean Kyle the rapper? , if yes then my answer is yes as practice make anyone perfect! :)

Explanation:

8 0
3 years ago
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