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2 years ago

There are approximately __ types of federal grants

Business

2 answers:

sveticcg [70]2 years ago

8 0

Answer:

The correct answer would be option C, 3.

Explanation:

There are three types of grants offered by the Federal Government.

These are as follows:

1) Federal Pell Grants

2) Federal Supplemental Education Opportunity Grants

3) Work Study Programs

Federal Pell Grants provides financial aid to the students, not exclusive to their family income, serves as the prized resource among students. There are certain conditions whom a student must fulfill in order to be eligible for this grant.

Federal Supplemental Education Opportunity Grants are the financial aids given to the students who have a very low expected family contribution towards their studies.This grant is given to the most needy students.

Work Study Programs also provide the financial aid to the students by providing them part time job opportunities to meet their financial college expenses.

Nezavi [6.7K]2 years ago

5 0

Answer: 4

Explanation:

Just did it

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Issued a check for $1,010 to pay the monthly rent. Issued a $1,300 check to pay a creditor on account. Purchased new equipment f

kodGreya [7K]

Answer:

Issued a check for $1,010 to pay the monthly rent

Account Debit Credit

Rent Expense $1,010

Bank $1,1010

Issued a $1,300 check to pay a creditor on account.

Account Debit Credit

Creditor $1,300

Bank $1,300

Purchased new equipment for $390 and paid $110 immediately by check with the remainder due in 30 days.

Account Debit Credit

Equipment $390

Bank $110

Accounts Payable $280

Provided services on credit in the amount of $860.

Account Debit Credit

Service Revenue $860

Accounts Receivable $860

Performed services for cash in the amount of $1,320.

Account Debit Credit

Service Revenue $1,320

Cash $1,320

The owner made an additional investment of $5,600 in cash and $1,050 in equipment.

Account Debit Credit

Cash $5,600

Equipment $1,050

Capital $6,650

Purchased $190 worth of supplies on credit.

Account Debit Credit

Supplies $190

Accounts Payable $190

Sent a $105 check to the utility company to pay the monthly bill.

Account Debit Credit

Utilities Expense $105

Bank $105

Collected $650 from credit customers.

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Accounts Receivable $650

7 0

3 years ago

Your uncle is about to retire, and he wants to buy an annuity that will provide him with $75,000 of income a year for 20 years,

kolezko [41]

Answer:

It cost $915,166.69

Explanation:

R=75,000

i=j/m, j=0.0525, m=1 - annually

i=0.0525

n=mt

n=20

An=R[1-(1+i)^-n] : i

An=(75,000x[1-(1+0.0525)^-20]) : 0.0525

An=$ 915,166.69

8 0

3 years ago

Novak corp. sells a snowboard, ezslide, that is popular with snowboard enthusiasts. below is information relating to novak corp.

Rom4ik [11]

Answer:

a. The value of ending Inventory using FIFO is $2749.

b. The value of ending Inventory using LIFO is $2667.

c. The value of ending Inventory using Average Cost method is $2713.

We have:

Date Explanation Units unit cost Total Cost

Sep-01 inv 11 97 1067

Sep-12 purchases 44 100 4400

Sep-19 purchases 47 101 4747

Sep-26 purchases 22 102 2244

Total 124 12458

Novak sold 97 snowboards, so the number of snowboards with it at the end of September is $124 -97 = 27 units$ .

If Novak adopts First In First Out (FIFO) method, and 27 units are remaining, all 22 units purchased on Sept-26th and $27 -22 = 5 units$ from the purchases made on Sept-19th will remain in inventory.

So the value of inventory using FIFO will be $(22* 102) + (5*101) = 2749$

If Novak adopts Last In First Out (LIFO) method, all 11 units in inventory on Sept-01st and $27 -11 = 16 units$ from the purchases made on Sept-12th will remain in inventory.

Hence inventory value using LIFO will be $(11* 97) + (16*100) = 2667$

We calculate the Average cost by dividing the Total Cost by total number of units purchased.

$Average Cost = \frac{12458}{124} = 100.468$

The value of inventory using the average cost method is $100.648 * 27 =2713$ .

3 0

3 years ago

Read 2 more answers

If money is paid when a change of ownership in a life insurance policy takes place, this is generally known as a ____________.a.

valina [46]

Answer:

The correct answer is A

Explanation:

Transfer of value is the term which is defined or described as the rule that stipulate when any interest in the policy or the life insurance policy is transferred for something of value such as property and money. A portion of the death advantage is subject to be taxed on the ordinary income.

So, when the money or amount of money is paid if the change of ownership in the life insurance policy happen or occur, then it is usually known as the transfer of the value.

6 0

3 years ago

Brandon, a manager at Cerium Corp., is required to provide individual performance feedback to his subordinates. In this scenario

Ilia_Sergeevich [38]

Based on the fact that Brandon has to provide information to subordinates, this communication is at an organizational level.

<h3>What is organizational level communication?</h3>

This refers to communication that takes place between employees of a company as a result of organizational requirements.

Brandon as a manager, has to communicate with other employees who are subordinates so this is organizational level communication.

Find out more on levels of communication at brainly.com/question/26933782.

#SPJ1

6 0

1 year ago