The document that explains your rights and responsibilities as a federal student loan borrower is "Mastery Promissory Note (MPN)."
Mastery Promissory Note (MPN) is a document that contains the rights and responsibilities of an individual getting a federal student loan.
Generally, students are expected to sign this document after getting a federal student loan.
It serves as a legally binding agreement that the student will pay back their loan.
Hence, in this case, it is concluded that the document that explains your rights and responsibilities as a federal student loan borrower is "Mastery Promissory Note (MPN)."
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Answer:
$45,000
Explanation:
Details Amount
Factory payroll in cash $180,000
Ration of Direct labor to Indirect Labor "3:1"
Total = 3 + 1 = 4
So, Indirect Labor = $180,000*1/4 = $45,000
The amount to be debited to Factory Overhead for indirect labor for this month $45,000
One of the important laws passed by Congress during the Great Recession to combat the rising rate of unemployment was to lengthen the term of unemployment insurance (UI). Prior to the recession, all states save for two offered a maximum of 26 weeks of benefits. However, most states only went as long as 99 weeks during the recession.
The Great Recession is an economic recession that began in the United States as a result of the financial crisis of 2007–2008 and extended fast to other nations. It was the longest and most severe economic Recession to hit several nations, including the United States, since the Great Depression, starting in late 2007 and extending until mid-2009 (1929–c. 1939).
The collapse of the U.S. housing bubble in 2007 marked the start of the financial crisis, which saw a dramatic reduction in liquidity in international financial markets.
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Answer:
The misstatement would result in the overstatement of assets by $9,000 and also an overstatement of stockholders equity by the same amount.
Explanation:
When the balance of year end inventory is overstated, the cost of goods sold will be understated and this will result in an overstatement of the net income (and by extension, owners equity).
Given that a company inadvertently counted its inventory as $98,000 instead of the correct amount of $89,000
Amount overstated = $98,000 - $89,000
= $9,000
Answer: Competitive aggression is exploiting a distinctive competence or improving internal efficiency for competitive advantage. Your answer is D.
