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ohaa [14]
3 years ago
12

Desmond told his two friends, Marley and Brianna, that he was awarded a $10,000 grant for college if he becomes a math or scienc

e teacher. Desmond wants to teach physics.
Marley told him he should take the grant. Brianna told him not to take the grant. Which statement about their advice is true?

A. Marley is correct because a grant is like a gift and he can still get scholarships or loans to pay for the rest of his expenses.
B. Marley is correct because he can take the grant and then study whatever he chooses without paying it back if he changes his mind about his career.
C. Brianna is correct because he cannot get scholarships if he takes the grant and scholarships would pay more of his education costs.
D. Brianna is correct because grants are like loans and must be paid back. He should wait and see what scholarships and work-study programs he qualifies for.
Business
2 answers:
olga55 [171]3 years ago
6 0
<span>A. Marley is correct because a grant is like a gift and he can still get scholarships or loans to pay for the rest of his expenses.
        There are three major ways of obtaining money to pay for advanced education. Loans, grants, and scholarships. As the name implies, a loan is the borrowing of money with the expectation that the loaned money will be paid back at a later date with accumulated interest. Grants are what you can consider to be a "gift with an obligation" where if you fail to uphold the obligation, the grant gets converted into a loan that you need to pay off. And finally, scholarships are straight out gifts that you don't need to pay back. So the grant offer to Desmond is for his becoming a math or science teacher for a some period of time. Since he wants to teach physics, this grant would be ideal for him. So let's look at the options and see what does and does not make sense. A. Marley is correct because a grant is like a gift and he can still get scholarships or loans to pay for the rest of his expenses. * This is exactly correct and therefore the correct answer. B. Marley is correct because he can take the grant and then study whatever he chooses without paying it back if he changes his mind about his career. * NO. If Desmond decides to not become a math or physic teacher, the grant suddenly converts into a loan that must be paid off. C. Brianna is correct because he cannot get scholarships if he takes the grant and scholarships would pay more of his education costs. * The acceptance of a grant doesn't prohibit getting scholarships. So this choice is false and therefore wrong. D. Brianna is correct because grants are like loans and must be paid back. He should wait and see what scholarships and work-study programs he qualifies for. * Grants don't need to be paid back if the receiver honors their service commitment. So this choice is also false and therefore wrong.</span>
sergiy2304 [10]3 years ago
5 0

Answer:

a. Marley is correct because a grant is like a gift and he can still get scholarships or loans to pay for the rest of his expenses.

Explanation:

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A. Those responsible for complying with budgets must participate in budget preparation.

Explanation:

An important rule of budgeting is those responsible for complying with budgets must participate in budget preparation.

4 0
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There were few communication issues with alice, bob, betty, and frank for each communication issue where was the breakdown in co
satela [25.4K]
During communication between Herb and each of his teammates, there was some type of “blank space”. Herb was not communicating properly as a project manager should. His staff either did not understood what he was trying to say, missing information in his message, or did not communicated at all.

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3 years ago
How does the spending multiplier compare between a $1,000 increase in government spending and a $1,000 decrease in taxes collect
mr Goodwill [35]

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3 years ago
Boomer company purchased office equipment for $1,000 on december 5. the office equipment depreciated $30 during december. the ad
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Boomer company purchased office equipment for $1,000 on december 5. the office equipment depreciated $30 during december. the adjusting entry should include a: Debit to Depreciation expense  $ 30

Adjusting entries correct previously recorded journal entries, allowing revenue and costs to be recognized as they occur.

Assume, for example, Depreciation that you bill a customer for $1,000 in services in December. They then pay you in January or February, after the previous fiscal year has ended.

To begin, you record the cash in December as profit expected to be collected in the future in accounts receivable. Then, when the client pays in February, an adjustment entry must be made to record the receivable as cash.

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5 0
1 year ago
While searching Ancestry.com, you learn that you are a direct descendant and sole living heir of Alexander Hamilton who founded
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Answer:

C. $1.24 million

Explanation:

Given that

Annualized interest compounded = 5%

For monthly, it would be = 5% ÷ 12 months = 0.4167%

Time = 235 years

For monthly, it would be = 235 years × 12 months = 2,820

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We know that

Future value = Present value × (1 + interest rate)^number of years

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After solving this, the answer would be  $1.24 million

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