<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>
I think the correct answer from the choices listed above is option D. It would be the impact of production and consumption on unrelated third parties that best defines the term externality. It is<span> a consequence of an economic activity experienced by unrelated third parties; it can be either positive or negative.</span>
Answer:
Explanation:
Overhead allocated to Product X = Department A overhead cost+ Department B overhead cost
= $51,157.84+$5755.62=
= $56,913
Calculations:
Using a single-driver allocation system, with direct labor hours as the driver, how much overhead was allocated to Product X:
Department A's Overhead rate per labor hour = Overhead costs/Total direct labor hours = $4300000/60000 hours = $71.66 per hour
Overhead (Department A) = $71.66per hour*724 labor hours
= $51,157.84
Department B's Overhead rate per labor hour = Overhead costs/Total direct labor hours = $2200000/60000 hours = $36.66 per hour
Overhead (Department A) = $36.66 per hour*157 labor hours
= $5755.62
