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2 years ago

The Federal Application for Student Aid (FAFSA) form:

2 answers:

8 0

The Federal Application for Student Aid (FAFSA) form "is the free application for federal student aid".

To apply for federal student aid, you should finish and present the Free Application for Federal Student Aid (FAFSA).

By finishing and presenting a FAFSA, you will naturally be considered for government understudy help. Furthermore, your state and school may utilize your FAFSA data to decide your qualification for nonfederal aid.

Finishing the FAFSA is a simple procedure, and it's totally free. We prescribe that you present your FAFSA web based utilizing FAFSA on the Web, as your application will process inside 3-5 days; on the other hand, you can present a paper FAFSA, which forms inside 7-10 days.

NNADVOKAT [17]2 years ago

5 0

B.) Is the free application for federal student aid.

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Haven Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $600,

Katena32 [7]

Answer:

Debit Bad debt expense $19,000

Credit Allowance for doubtful debt $19,000

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.

Amount that may be uncollectible

= 4% * $600,000

= $24,000

Given that the Allowance for Doubtful Accounts has a $5,000 credit balance before adjustment, the additional amount to be adjusted for

= $24,000 - $5,000

= $19,000

7 0

2 years ago

In order to make sure that a creditor of the insured is not paid more than the outstanding loan at time of claim, the policyowne

Harman [31]

So one can make sure that a creditor of the insured isn't paid more than the exquisite mortgage at the time of declaration, the coverage proprietor should: Convertible insurance

A creditor is an entity, a business enterprise, or someone of a felony nature that has provided items, offerings, or a financial loan to a debtor. as soon as a creditor has given a loan, the fee is expected at a later date, generally agreed upon in advance.

A creditor is a man or woman or institution that extends credit to any other celebration to borrow cash normally by way of a mortgage agreement or contract. lenders including banks can repossess collateral like homes and automobiles on secured loans, and take borrowers to the courtroom over unsecured money owed.

For instance, a debtor/creditor relationship is if you take out a mortgage to shop for your house. then you as the property owner are a debtor, while the bank that holds your loan is the creditor. In trendy, if someone or entity has loaned cash then they are a creditor.

Learn more about creditors here:

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7 0

1 year ago

On December 31, Year 1, the Loudoun Corporation estimated that 3% of its credit sales of $112,500 would be uncollectible. Loudou

Naddika [18.5K]

Answer:

The correct answer is B. (3,375) = NA + (3,375) NA − 3,375 = (3,375) NA.

Explanation:

The question asks for the effect of the adjusting entry on December 31, Year 1, that is, the creation of the 3% allowance for uncollectible debts.

Allowance for bad debts = 3% x $112,500 = $3,375

Its effect is as follows.

Assets: Since accounts receivable (an asset) is reduced, assets are reduced by $3,375.

Liabilities: No effect.

Equity: As Equity = Assets - Liabilities, the net effect is to reduce the equity by $3,375.

Revenue: No effect.

Expenses: Sales worth $3,375 is written off as an expense. Hence, total expenses increase by $3,375.

Net increase: As revenue remains unchanged while expenses increase by $3,375, the net increase is a negative of $3,375.

Cash flow: No effect, because there is no exchange of cash since the amount of $3,375 was never received by Loudoun Corporation.

These entries correspond to option B. which is thus the correct answer.

8 0

2 years ago

Integrated carriers (truck-air) like UPS and Federal Express are able to capture a larger market share because they:

Alik [6]

Options :

A. utilize their own aircraft.

B. have extensive ground networks.

C. have accurate, real-time tracking systems

D. all of the above

Answer:

8 0

3 years ago

Read 2 more answers

Which of the following statements about aims and objectives is untrue? Select one: a. An aim describes what the learners will be

netineya [11]

Answer: Option (b) and (d) are untrue.

Explanation:

From the given option, the following statement about aims and objectives are untrue: An objective describes what the learners will be able to do with the language by the end of the lesson, You could have one overall aim and some secondary aims.

Aim is in regards with what you hope to do, your comprehensive purpose in project. It will gesticulate what/where you aspire to be at the end of the project. An aim is usually wide. It is earnest, but not beyond the bounds of possibility.

Whereas;

There are more than one objective, these can be referred to as the specific steps taken to achieve our aim.

7 0

2 years ago