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4 years ago

How are the FAFSA, SAR, and EFC related?

Business

1 answer:

liubo4ka [24]4 years ago

3 0

Answer:

The correct answer is letter "A": The FAFSA is what you fill out to apply for financial aid. The SAR is a record of what you submitted in your FAFSA. The EFC is how much a college expects you and your family to contribute to your cost of college.

Explanation:

The Free Application for Federal Student Aid (FAFSA) is a form filled by future and current university students who would like to obtain financial aid for their studies. The form is submitted to the Scholars at Risk (SAR) Network who are in charge of evaluating the information and determine what the Expected Family Contribution (EFC) will be. The EFC represents the amount that the students' family or the students themselves will have to pay from their pockets.

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Gustavson Corporation uses the direct method to allocate service department costs to operating departments. The company has two

9966 [12]

Answer:

Total allocated costs= $19,250.44

Explanation:

Giving the following information:

Service Departments:

Administrative= $26,840

Facilities= $59,400

Operating Departments:

Assembly= $183,430

Wholesaling= $321,190

Employee hours= 29,000 + 15,000= 44,000 hours

Space occupied= 30,000 + 6,000= 36,000

First, we need to calculate the proportion of hours and space used for Wholesaling.

Employee hours:

Whole= 15,000/44,000= 0.341

Space occupied:

Whole= 6,000/36,00= 0.17

Now, we can allocate costs tho Wholesaling.

Administrative= 26,840*0.341= $9,152.44

Facilities= 59,400*0.17= $10,098

Total allocated costs= $19,250.44

5 0

3 years ago

A company uses a perpetual inventory system. The company began its fiscal year with inventory of $998,000. Purchases of merchand

Kitty [74]

Answer:

Date Account Titles and Explanation Debit Credit

Inventory $3,124,089

Account payable $3,124,089

(To record purchase of merchandise inventory)

Account receivables $6,909,879

Sales revenues $6,909,879

(To record sales on account)

Cost of goods sold $3,456,980

Inventory $3,456,980

(To record the cost of sales)

7 0

3 years ago

In the context of expanding one's professional network, ________ is an effective technique for learning about ideal jobs or care

shtirl [24]

Peer mentoring is an effective technique for learning about ideal jobs or careers that involves reaching out to and asking people about their own careers and jobs.

<h3>What is Peer mentoring?</h3>

Peer mentoring refers to a one-on-one relationship or experienced within a group. It is a relationship between people who are at the same career stage or age.

The peer mentoring is specifically more effective in expanding the professional network. Peer mentoring involves learning by reaching out to more experienced individuals in an organization.

Hence, Peer mentoring is an effective technique for learning about ideal jobs or careers that involves reaching out to and asking people about their own careers and jobs.

Learn more about Peer mentoring here: brainly.com/question/14680255

8 0

2 years ago

Which of these statements is false?

katen-ka-za [31]

Answer:

The false statement is letter "D": Bonds are always less risky than stocks.

Explanation:

A bond is a unit of debt issued by a company to the bondholder and considered tradeable security. A bond has a fixed return since it is paid at a fixed rate. The price of the bond is inversely correlated with the interest rate: when the rate goes up the bond price fall and when the rate falls the bond price goes up. Even if bonds are less risky than stocks, they are not always less risky than stocks.

7 0

3 years ago

Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 52 units at $79 10 Sale 35 u

andrezito [222]

Answer:

November 1 Inventory 52 units at $79

November 10 Sale 35 units

COGS = 35 x $79 = $2,765
Inventory balance = 17 x $79 = $1,343

November 15 Purchase 27 units at $83

November 20 Sale 25 units

COGS = (17 x $79) + (3 x $83) = $1,592
Inventory balance = (24 x $83) = $1,992

November 24 Sale 13 units

COGS = 13 x $83 = $1,079
Inventory balance = 11 x $83 = $913

November 30 Purchase 39 units at $86

Inventory balance = $913 + (39 x $86) = $4,267

6 0

3 years ago