Answer:
Withdrawing money from savings
Explanation:
If a person withdraws money from his savings, this person is losing the balance that the bank or mortgage company could take into account in order to approve the loan or not.
The reason is that a person without savings could very easily find it hard to keep up with payments in case of a job loss, or a salary reduction, while a person with savings has a financial cushion that insurers the loaner against this kind of situations.
Answer:
Sara Co total expenses in a single-step income statement is $231000 as found in the attached
Explanation:
Single-step income statement gives the net profit of a business by deducting total expenses from total revenue.
It differs from two-step income statement where revenue expenses are categorized into, namely direct and indirect,which enables the gross profit and net profit to be calculated differently.
Since total revenue for Sara Co from all sources is $256,000,the resultant net profit for the year is $25000($256000-$231000).
I will look at your profile and see if I can subscribe based on your content
This is the complete question
A.) Since student incomes and other financial resources are limited, the demand curve for a community college education is elastic. Raising tuition will force students to drop out.B)The community college would lose so many students that their total revenue would most likely drop dramatically. C)Students living in low-income and economically challenged areas might not be will-ing to take out student loans or use credit cards to finance their education. D)All of the statements listed above are correct
Answer:
All of the options are correct
Explanation:
All of the answers in the multiple choice question are correct. The reason is because, when tuition fees are raised for students, there would be quite a number who would drop out due to their inability to pay. The demand is elastic. A rise in tuition fees causes a drop in number of college students. This would hereby cause enrollment rates to fall and further bringing about a decline in revenue. Taking loans would not be a good idea since we have students with low income who would have problems with with paying back. With all of these the the proposal to increase fees would backfire.
