The purpose of a financial aid letter is to show your aid and the costs of attendance you incur in an<u> academic year. </u>
<h3>What is a financial aid letter?</h3>
This is a letter that a tertiary institution gives to a student to show the cost of their attendance at the college they are currently enrolled in.
The period covered in the letter is the academic year which means that the costs associated with two semesters of attending the university will be shown to the student.
These costs will include things like tuition fees, room and board fees, transportation and other miscellaneous costs.
The letter will also include all the financial aids that the student may receive including federal grants, college grants, state grants, and federal loan options that a person may be eligible for.
In conclusion, financial aid letters show the costs of attendance in an academic year and the aid that comes with it.
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Answer:
D. because (context clues)(process of illumination) let go back to "5th grade" ... first of all there was no witnesses mentioned in the scenario second were do they come off talking about a bill nothing was mentioned about a bill thirdly they said the dog 'broke Loose' so if it was intentional them he would have been at her door step. so that's why its D. and plus she was "traumatize" so that leads into fear and fear leads into staying away. and to be honest shes a idiot for not addressing the situation around the same month, if she was so traumatize by what happened.
Answer:
Annual interest expense = 10% x $500,000 = $50,000
Interest expense on June 30 = $50,000/2 = $ 25,000
The correct answer is A
Explanation:
In this case, there is need to calculate the annual interest expense, which is coupon rate (10%) multiplied by par value of the bond ($500,000). Then, we will divide the annual interest expense by 2 in order to obtain the semi-annual interest expense.
Answer:
$135000
Explanation:
Cole should record the patent at $135000. The intangible asset is recorded at the price at which it was purchased. Net carrying value of $160000 in the books of seller is not useful.
At the time of purchase of intangible asset, the fair value of stone stock exchanged was $45.
So the patent cost is =
3000 shares × $45 per share = $135000.
Cole should record the patent at this value.
Answer:
$45,000 revenue to be recorded
Explanation:
If the seller is purchasing the goods and service from customer at fair value of those goods, so will account for that purchase as separate transaction.
Computing overpayment as:
Overpayment = Amount paid - Fair value
where
Amount paid is $10,000
Fair value is $7,000
So,
Overpayment - $10,000 - $7,000
Overpayment = $3,000
Now,
Computing the Net revenue which should be recorded as:
Net revenue = Sale amount - Overpayment
where
Sale amount is $48,000
Overpayment is $3,000
So,
Net revenue = $48,000 - $3,000
Net revenue = $45,000