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Illusion [34]
3 years ago
9

Anna's family was expecting a lower EFC than they received. Anna's mother suggests changing the Parent's Gross

Business
2 answers:
goldfiish [28.3K]3 years ago
7 0
Because it is illegal
kenny6666 [7]3 years ago
3 0

Answer:

Lying on FASFA is considered fraud and can get you in jail and up to $20,000 in fines. All financial aid stops and the student is generally to repay any aid received.

Explanation:

A high expected family contribution (EFC) results in a lower amount of financial aid. Those with a high EFC are either upper middle class or upper class directly, so theoretically they shouldn't require that much financial aid. Anna's parent gross income is $97,000 which is not considered upper middle class.

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What are the most important information needs that a governmental annual report should fulfill for each of the following: ______
vladimir2022 [97]

Answer:

1. Compensation for employment services that they offer.

2. Disbursement in sufficient proportions of the available funds.

3. How the government have used their tax money.

4. The ability and capacity of the government to honor debts.

Explanation:

Each stakeholder to the governmental annual report hold a different need compared to the other. Therefore it is important to pay attention to whom the financial statements speaks to. The above shows the different needs of the stakeholders to  governmental annual report.

8 0
3 years ago
Alpaca Corporation had revenues of $250,000 in its first year of operations. The company has not collected on $18,900 of its sal
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Answer:

$84,360.00  

Explanation:

The cash balance at the end of the year is simply total cash receipts minus total cash payments which is further analyzed below:

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Cash paid for merchandise purchase=purchases-accounts payable=$96,000-$27,000=$69,000

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insurance paid is $7,800

Tax paid=(sales-purchases-salaries paid-insurance cost(one year)-interest paid)*tax rate

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tax paid=($250,000-$96,000-$12,700-$3,800-$3,900)*40%=$53440

Cash balance=$231,100-$69,000-$12,700+$14,000-$14,000-$3800-$7800-$53440=$84,360.00  

 

4 0
2 years ago
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d selling a quality product

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