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3 years ago

When looking to finance higher education, what is the best order to look for funding sources?

1 answer:

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A.Grants/Scholarships - Federal Student Loans - Private Loans B.Private Loans - Grants/Scholarships - Federal Student Loans
C.Federal Student Loans - Grant/Scholarships - Private Loans D.Grants/Scholarships - Private Loans - Federal Student Loans

I think the correct answer from the choices listed above is option D. When looking to finance higher education, the best order to look for funding sources should be Grants/Scholarships - Private Loans - Federal Student Loans. Hope this answers the question. Have a nice day.

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Buyer Bill will receive a utilities bill for an estimated $300 at the end of the month. At closing, the seller has used an estim

liraira [26]

Answer:

b) a debit to the seller and credit to the buyer for $100

Explanation:

The portion of the utilities bill consumed by the seller is not to be borne by buyer Bill, he cannot be made to pay for what he did not consume, the correct treatment is for seller to bear the $100 consumed by him by way of the following entries

Debit The seller $100

Credit Buyer bill $100

This is in the spirit of fairness to both Buyer Bill and Seller.

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3 years ago

Alex invested $10,500 in an account that pays 6 percent simple interest. how much money will he have at the end of four years?'

Marizza181 [45]

The amount generated from the investment with simple interest is calculated through the equation,

F = P x (1 + in)

where F is the future amount, P is the present worth, i is the decimal equivalent of the given interest and n is the number of interest period.

From this item it can be identified that,
P = $10,500
i = 0.06
n = 4

Substituting the known values,

F = ($10,500) x (1 + (0.06)(4))
<em> F = $13020</em>

Therefore, after four years, the amount of money that Alex will have is $13,020.

4 0

3 years ago

Most economists believe that prices are:

BaLLatris [955]

Answer: Most economist believe that prices are flexible in the long run but many are sticky in the short run.

Explanation:

Prices are sticky in the short run because producers and buyers take time to adapt to new situations. If there is a shortage of butter, lets say, the economic theory says that the prices will rise because there is less butter ( ceteris paribus = all the other factors remain constant). Actually, buyers and suppliers need time to adapt to the new situation. However, in the long run buyers and suppliers have time to adapt to new situations so prices become more flexible.

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4 years ago

Why should games be forbidden on school property

PIT_PIT [208]

Answer:

Explanation:

Games on school property redirect the attention of the students to the games, instead of learning. They cause further disobedience and will often be snuck out to play during class. The students will be distracted and will not learn anything from the time spent in school.

6 0

3 years ago

Sykora, Inc., which uses a predetermined overhead rate based on direct labor hours, estimated total overhead for the year to be

bekas [8.4K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Sykora, Inc., which uses a predetermined overhead rate based on direct labor hours, estimated total overhead for the year to be $12,000,000 and total direct labor hours to be 320,000 hours.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 12,000,000/320,000= $37.5 per direct labor hour

In April, Sykora incurred actual overhead costs of $1,050,000 and used 30,000 hours.

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 37.5*30,000= $1,125,000

Over/under allocation= real MOH - allocated MOH

Over/under allocation= 1,050,000 - 1,125,000= 75,000 overallocated

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3 years ago