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3 years ago

Financial aid that is given based on a family financial background is called ____ aid.

2 answers:

8 0

The financial aid that is given based on the financial status and background of the family of a person is termed as Need Based Aid. Need Based Aid and Need based scholarships are offered by a wide range of institutions to help financially weak families and individuals.

Therefore, the correct answer is
Option D) Need Based

ELEN [110]3 years ago

5 0

The answer is D. need-based

~Apex

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Amanda is trying to decide whether to get a job after graduation or to spend another year in school to get her master's degree.

Alenkinab [10]

Answer:

36,000

Explanation:

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3 years ago

During 2016, Moore Corp. had the following two classes of stock issued and outstanding for the entire year: 100,000 shares of co

iVinArrow [24]

Answer:

the amount to be used in the numerator is $900,000.

Explanation:

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The Preference dividend is <em>not</em> deducted from Net Income as it carries a potential voting right.

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3 years ago

Alpha Company is looking at two different capital structures, one an all-equity firm and the other a levered firm with $4.6 m

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Answer:

The break-even EBIT using EPS is $1,288,000.

Explanation:

the break-even EBIT using EPS is the EBIT that will brings EPS under two different capital structure equal.

Denot X is the EBIT.

* We have:

+ EPS in all-equity firm = X/460,000

+ EPS in levered firm = ( X - interest rate)/230,000 = ( X - 4,600,000 x 14%)/230,000 = (X - 644,000) / 230,000.

* We have the equation:

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3 years ago

On January 1, Company A leased equipment for a six-year period. Annual lease payments are $12,000 due on December 31 of each yea

raketka [301]

Answer:

Dr Right of use asset 59,007.60

Cr Lease liability 59,007.60

Explanation:

Variable lease payments are generally not included as right of use asset or lease liability. Even though a 60% possibility exists that an additional $5,000 will be paid, they are not based on an index and are not disguised payments (only two exceptions to this rule).

Annual lease payments = $12,000

PV annuity factor, 6%, 6 periods = 4.9173

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3 years ago

On January 1, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a salvage v

svetoff [14.1K]

Answer:

See below

Explanation:

10000-1000=9000 to be depreciated

9000/5=1800 annual depreciation

journal entry:

depreciation expense. 1800 (debit)

Accumulated depreciation. 1800 (credit)

to record annual depreciation

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2 years ago