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3 years ago

What is a loan forgiveness program? "

Business

1 answer:

Zanzabum3 years ago

3 0

Answer:

Loan forgiveness is a program in which student loans are all or partly written down, as long as a candidate fulfills certain requirements. In nations where students must finance their education with student loans, loan forgiveness programs are designed to help make college more accessible for people who are willing to do a little bit of extra work.

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In 2018. Ford Motor Company announced it would severely cut back in car production to focus on trucks and sport utility vehicles

marusya05 [52]

Answer:

A threat

Explanation:

Since Ford is decreasing the amount of cars and they supply the car parts, they will see a decrease in the amount of car parts they can sell to ford. Which is a threat.

3 0

3 years ago

Carol's biology class was given the task of determining the average thickness of birch leaves. they were given no instructions f

Lemur [1.5K]

<span>An indirect measure would give Carol's biology class the most accurate measurement. If she finds the total thickness of 25 leaves and then divides the amount by 25, that should give her the thickness of an average birch leaf in the group.</span>

5 0

3 years ago

On June 30, 2020, Mischa Auer Company issued $4,000,000 face value of 13%, 20-year bonds at $4,300,918, a yield of 12%. Auer use

hjlf

Answer:

(1) The issuance of the bonds on June 30, 2020.

Dr Cash 4,300,918

Cr Bonds payable 4,000,000

Cr Premium on bonds payable 300,918

(2) The payment of interest and the amortization of the premium on December 31, 2020.

Dr Interest expense 258,055.08

Dr Premium on bonds payable 1,944.92

Cr Cash 260,000

(3) The payment of interest and the amortization of the premium on June 30, 2021.

Dr Interest expense 257,938.38

Dr Premium on bonds payable 2,061.62

Cr Cash 260,000

(4) The payment of interest and the amortization of the premium on December 31, 2021

Dr Interest expense 257,814.69

Dr Premium on bonds payable 2,185.31

Cr Cash 260,000

Explanation:

amortization of bond premium for first coupon payment:

($4,300,918 x 6%) - ($4,000,000 x 6.5%) = $258,055.08 - $260,000 = -$1,944.92

amortization of bond premium for second coupon payment:

($4,298,973.08 x 6%) - ($4,000,000 x 6.5%) = $257,938.38 - $260,000 = -$2,061.62

amortization of bond premium for third coupon payment:

($4,296,911.46 x 6%) - ($4,000,000 x 6.5%) = $257,814.69 - $260,000 = -$2,185.31

6 0

3 years ago

Marlena acquired the following new assets during 2017:

Mila [183]

Answer:

(A) Half-year and (D) Half-year

Explanation:

MACRS stands for Modified Accelerated Cost Recovery System and is the most commonly-used tax depreciation method .Without getting into too much detail, MACRS is accelerated depreciation that allows for a larger deduction while the asset is still new. By comparison, straight-line depreciation gives you the same deduction year after year over the asset's useful life. MACRS cannot be used for intangible property, nor can it be used to depreciate. MACRS convention determines the number of months for which you can claim depreciation during a partial year, either when you first placed the asset in service or when you disposed of it. The mid-month convention only applies to residential rental property, nonresidential real property, and railroad grading or tunnel bore. It simply means that you get a half month's worth of depreciation no matter when that asset was placed into (or taken from) service during that month, whether that was at the beginning, middle, or end of the month. The half-year convention works the same way but instead of the month it goes by the year. In other words, you'll get 6 months' depreciation if the asset was placed into service or disposed of during the year, no matter if it was in January or December.

5 0

3 years ago

During 2009, Accent Toys Plc., which began business in October of that year, purchased 15,000 units of a toy at cost of $10 per

telo118 [61]

Answer:

$183,000

Explanation:

The computation of the cost of goods sold using the FIFO method is shown below:

= Number of units purchased × per unit + additional units purchased × per unit

= 15,000 units × $10 + 3,000 units × $11

= $150,000 + $33,000

= $183,000

Since there are 18,000 units are sold

out of which 15,000 are at $10 and the remaining 3,000 units are at $11 and the same is to be considered

5 0

3 years ago

What is a loan forgiveness program? "​

What is a loan forgiveness program? "