Thanks for the free points!!
The financial aid that is given based on the financial status and background of the family of a person is termed as Need Based Aid. Need Based Aid and Need based scholarships are offered by a wide range of institutions to help financially weak families and individuals.
Therefore, the correct answer is
Option D) Need Based
Answer:
$250,000
Explanation:
The depreciable cost of the equipment is the amount that will be used to provide for depreciation on the asset also known as Depreciable Amount.
<em>Depreciable Cost = Cost - Salvage Value</em>
therefore,
Depreciable Cost = $300,000 - $50,000 = $250,000
D to limit the amount of financial loss if there is an illness or injury
Answer:
Sandy Shores Corporation
J's Segment Contribution Margin is:
= $700,000.
Explanation:
a) Data and Calculations:
Sales revenue $1,300,000
Variable operating expenses 600,000
Contribution $700,000
Fixed expenses:
Traceable to J and controllable by J 275,000
Traceable to J and controllable by others 80,000
Total fixed expenses 355,000
Net operating income $345,000
b) The contribution margin is the difference between total sales revenue and the variable costs. The idea of segment contribution margin is that it covers the fixed expenses, whether controllable by the segment or not.
