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4 years ago

Which answer best describes an unsubsidized federal loan?

1 answer:

5 0

An unsubsidized federal loan is one of the loans granted by the federal government to eligible students.

<span>This loan helps the student cover the cost of higher education at a community college, trade, career or technical school, or a 4-year college or university.
</span>
Unsubsidized federal loan or direct unsubsidized loan are available for undergraduate and graduate students. The amount you can borrow will be determined by the school. Their basis will be your cost of attendance and other financial aid you are receiving. You are the one paying off the interest incurred in this loan during all periods. In the event of non-payment, said interest will accrue and be capitalized.

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g A decrease in the basis will __________ a long hedge and __________ a short hedger. Group of answer choices hurt; hurt hurt; b

alekssr [168]

Answer:

1. hurt

2. benefit

Explanation:

Given that a contract and an asset are to be converted in cash early, this implies that, basis risk exists and futures price and spot price should not move in lockstep before delivery date. However, a reduction in the basis will then hurt the long hedger and benefit the short hedger.

Hence, considering the nature of the hypothetical situation, a decrease in the basis will HURT a long hedge and BENEFIT a short hedge.

7 0

4 years ago

On october 2016, sengal Company recorded a joumal entry debiting prepaid rent and crediting cash for $1,200 in payment for one y

DIA [1.3K]

Answer:

C. Expense $300 of the expense on the income statement.

Explanation:

The correct answer is C.

On 31 December 2016, Sengal Company should report Rent expense of $300 on the income statement.

The initial journal entry was:

Dr Prepaid rent $1, 200

Cr Cash $1, 200

This journal entry recognizes the prepaid rent as an asset to the company because the rent is paid in advance, and they have not yet made use of the property they are renting. The payment is an annual payment, meaning that it is for 12 months. Assuming that the end of the financial year is at 31 December 2016, we know that a portion of the $1, 200 is in excess.

The monthly rent expense is $1,200 / 12 = $100. This means that only $100 is the expense for each month. By 31 December, only $300 was the rent expense. [ $100 x 3]. Sengal Company had paid $900 [$1, 200 - $300] in advance and that $900 was to remain as an asset (prepaid rent). The $300 should be recorded as an expense in the income statement and removed as an asset from the balance sheet.

The subsequent journal entry to record the expense is:

Dr Rent expense $300

Cr Prepaid rent $300

At the end of the financial year [31 December 2016], all income statement accounts must be correctly accounted for. This is because all income and expenses are closed of at year end and are not carried forward into the next financial year. This is according to the GAAP principle of ‘Matching’ which states that all income and expenses should be matched to the correct year in which they occur.

7 0

3 years ago

Dynondo Incorporated planned to use materials of $12 per unit but actually used materials of $13 per unit, and planned to make 1

vaieri [72.5K]

Answer:

A. Flexible Material Budget = $21,600

B. Flexible Material Budget Variance = $1,800 (unfavorable)

C. The sales-volume variance for materials = $3,600 (favorable)

Explanation:

Dynondo Incorporated

A Flexible Budget adjusts the volume of an already approved Master Budget to reflect the Actual Volumes before carrying out a variance Analysis of Actual versus Budget. This is unlike the normal variance process where the volume is for Budget remains fixed and is compared to Actual to reflect a favorable or unfavorable comparison

Budgeted Material Cost = $12 Per Unit.......(a)

Actual Material cost = $13 Per Unit.......(b)

Actual Volume = 1,800......(c)

Budgeted Volume = 1,500......(d)

A. Flexible Material Budget amount = (c) x (a) = 1,800 x $12

= $21,600.........(e)

B. Flexible Material Budget Variance = Actual Material Cost minus (e)

= ($13 x 1,800) minus $21,600

= $23,400 - $21,600

=$1,800 (unfavorable)

C. The sales-volume variance for materials = Budgeted Price per Unit x (Actual Units Sold – Budgeted Units Sold)

= (a) x [(c) - (d)]

= $12 x (1,800 minus 1,500)

= $12 x 300

= $3,600.

8 0

3 years ago

A team has been established to solve a problem with an industrial adhesive used by the firm. the three members are the installer

gregori [183]

<span>The answer is self-managed team. It is a group of people, usually workers in a company, who combine different expertise and capacities to work without the typical managerial supervision toward a shared purpose or goal. They are also called self-directed team or self-managed natural work team.</span>

3 0

3 years ago

Edutailing is the term used to describe the new service distribution channel which combines retail and entertainment elements

melamori03 [73]

A. true.
It was true on my quiz I believe

6 0

3 years ago