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3 years ago

When does a student need to file the FASFA?

Business

1 answer:

Anastasy [175]3 years ago

7 0

<h3>Hello there!</h3>

Your question asks when does a student need to file the FAFSA.

<h3>Answer: Every year of college attendance </h3>

The reason why "every year of college attendance" would be the correct answer is because the FAFSA is required to be filled out yearly by the students.

The FAFSA stands for Free Application for Federal Student Aid, meaning that this aid will give students the chance to receive financial aid. The reason why they ask for students to file every year because there could be one year where a student doesn't need the financial aid, and there are other years where the student needs the financial aid badly, and this is just to ensure that they're giving money to the right people. This is because financial aid could change for every year. They also have people file the FAFSA yearly to see if they have any other family members that got into college.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3><h3 />

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Read 2 more answers

East Publishing Company is doing an analysis of a proposed new finance text. Using the following data, answer Parts a through e.

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Answer:

a. Determine the company’s breakeven volume for this book. •i. In units ii. In dollar sales

total fixed costs = $70,000

variable costs per unit = $16

sales price = $30

contribution margin = $30 - $16 = $14

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b. Develop a breakeven chart for the text.

units fixed costs variable costs total costs total sales

0 70000 0 70000 0

1000 70000 16000 86000 30000

2000 70000 32000 102000 60000

3000 70000 48000 118000 90000

4000 70000 64000 134000 120000

6000 70000 96000 166000 180000

I attached the graph that corresponds to this break even chart.

c. Determine the number of copies East must sell in order to earn an (operating) profit of $21,000 on this text.

($70,000 + $21,000) / $14 = 6,500 units

total sales = 6,500 x 30 = $195,000

d. Determine total (operating) profits at the following sales levels: i. 3,000 units •ii. 5,000 units iii. 10,000 units

i. $28,000 loss

ii. no gain/loss, break even point

iii. $70,000 gain

e. Suppose East feels that $30.00 is too high a price to charge for the new finance text. It has examined the competitive market and determined that $24.00 would be a better selling price. What would the break even volume be at this new selling price?

new contribution margin = $24 - $16 = $8

new break even point in units = $70,000 / $8 = 8,750 textbooks

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