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miskamm [114]
3 years ago
8

Nikita wants to apply for student aid to fund her college education. Arrange the steps involved in Nikita’s application for fina

ncial aid
Business
2 answers:
icang [17]3 years ago
5 0

1: Nikita creates an FSA ID.

2: Nikita fills out the FAFSA online.

3: In about two weeks, Nikita receives a document called Student Aid Report (SAR).

4: Nikita rechecks the information she provided and makes a few corrections.

5: Colleges ask Nikita to verify the information in the FAFSA.

6: Nikita receives financial aid award letters from various colleges.

Hunter-Best [27]3 years ago
4 0
The steps involved in Nikita's application for financial aid include the following:
1. Nikita creates an FSA ID.
2. Nikita fills out the FAFSA form online.
3.Nikita rechecks the information she provided and makes a few corrections.
4. Colleges Ask Nikita to verify the information in the FAFSA.
5. In about two weeks Nikita received a document called Student Aid Report.
6. Nikita received financial aid award letters from various colleges.<span />
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3 years ago
Condelezza Co. manufactures two products, A and B, in two production departments, Assembly and Finishing. Condelezza Co. expects
Naddika [18.5K]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Condelezza Co. expects to produce 10,000 units of Product A and 20,000 units of Product B in the coming year.

Budgeted factory overhead costs for the coming year are:

Assembly $310,000

Finishing 240,000

Total $550,000

The machine hours expected to be used in the coming year are as follows:

Assembly Dept.

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Product B 4,900

Total 20,000

Finishing Dept.

Product A 9,000

Product B 11,000

Total 20,000

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Estimated manufacturing overhead rate= 550,000/40,000= $13.75 per machine hour

B) Departamental rates:

Assembly= 310,000/20,000= $15.5 per machine hour.

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5 0
3 years ago
Dextra Computing sells merchandise for $15,000 cash on September 30 (cost of merchandise is $12,000). The sales tax law requires
Nitella [24]

Answer and Explanation:

The journal entries are shown below:

1. On Sep 30

Cash    $15750

   To Sales   $15,000

   To Sales taxes payable ($15000 ×5%)  $750

(Being the cash receipts is recorded)

For recording this we debited the cash as it increased the assets and credited the sales and sales tax payable as it increased the revenue and liabilities

2   On Sep 30

Cost of goods sold   $12,000

              To Merchandise inventory $12,000

(Being the cost of goods sold is recorded)

For recording this we debited the cost of goods sold as it increased the expenses and credited the merchandise inventory as it reduced the assets

3  On Oct 15

Sales taxes payable $750

      To Cash $750

(Being cash paid is recorded)

For recording this we debited the sales tax payable as it reduced the liabilities and credited the cash as it decreased the assets

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3 years ago
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murzikaleks [220]

Answer:

Explanation:

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Prepare an adjusted trial balance.Step 6

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Prepare a trial balance.Step 4

Journalize the transactions.Step 2

Journalize and post closing entries.Step 8

Prepare financial statements.Step 7

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