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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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Answer:

Following are the responses to the given points:

Explanation:

For point a:

Criteria I                                    

Date: 1-1.2020                 Debt Investments                    \$3,44,260.74

                                         cash                                       \$3,44,260.74

For point b:

Criteria  II

Date: 31.12.2020                Interest Account receivable to pay \$38,400.00   \ \ \ \ \ \ \ \ \ \            320000\times 12\%

                                    Debt Investments   \$3973.93

                                   rate of Revenue          \$34,426.07(\$344,261.74 \times 0.10)                                        

31.12-2020                         Fair Value Adjustment                        1713.19

                       Gain or loss - equity unrealized holding          1713.19                          

for point c:

Criteria III

31.12-2021                       Interest Account receivable to pay          \$38,400            

                                    Debt Investments                              \$4,371

                                   rate of Revenue                       \$34,029

 

31.12-2021                   Gain or loss - equity unrealized holding    \$7,927.69

                                   Fair Value Adjustment                          \$7,927.69

                                329700-335914.50=6214.50+1713.19 =7,927.69

Please find the attached table.

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Answer:

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