1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rjkz [21]
3 years ago
10

Michelle is attending a university where tuition for one year costs $17,300. She has a scholarship worth $5,000 per year. She ea

rns $2,700 per year at her part-time job. She plans to take out a loan to cover the remaining tuition costs. Tuition will increase by $500 each year. If she completes college in 4 years, how much money will Michelle need to borrow
Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
6 0

Answer:

$41,400

Explanation:

Tuition will increase by $500 each year

Year 1 tuition = $17,300

Year 2 tuition = $17,800

Year 3 tuition = $18,300

Year 4 tuition = $18,800

Total = $72,200

Scholarship per year = $5000

Total scholarship for 4 years = 4 * $5000

= $20,000

Earnings per year = $2,700

Total earnings for four years = 4 * $2,700

= $10,800

She plans to take out a loan to cover the remaining tuition costs

Loan = Total tuition - (Total scholarship for 4 years + Total earnings for four years)

= $72,200 - ( $20,000 + $10,800)

= 72,200 - (30,800)

= 72,200 - 30,800

= 41,400

Loan = $41,400

Michelle need to borrow $41,400

You might be interested in
Three categories of activities (operating, investing, and financing) generate or use the cash flow in a company. In the followin
Marat540 [252]

Answer:

a. Yum Co. uses cash to repurchase 10% of its common stock. (Financing activity)

b. DigiInk Printing Co. buys new machinery to ramp up its production capacity. (Investing activity)

c. D and W Co. sells its last season’s inventory to a discount store. (Operating activity)

d. A company records a loss of $70,000 on the sale of its outdated inventory. (Operating activity)

Explanation:

Cash flow statement shows how cash is used and obtained in a business. There are different activities that influence cash flow. Below are the activities:

- Operating activities are those that include normal business operations like buying and selling of inventory, interest payments, and salaries.

- Investing activities involves use of cash for investment like purchase or sale of assets, merger and acquisitions payments, and purchase of equipment.

- Financing activities includes cash used to purchase or sell equity such as shares, payment of dividends, and repayment of principal from debt

3 0
2 years ago
Liz meija is employed as a social worker in a host setting. she is most likely employed in a(n) ______.
olga_2 [115]
Liz Meija is emplayed as a social worker in a host setting. She is mosy likly employed in an agency.
8 0
2 years ago
Allison wants to become an MLO but is unsure about the process in which she must go through to obtain her license. She needs som
ladessa [460]

Answer: See explanation

Explanation:

The steps that Allison must take in order to obtain her mortgage loan originator license include the following:

Step 1. In order to get the license, Allison should be at least 18 years old.

Step 2. Allison should register with Nationwide Mortgage Licensing System and Registry after which she'll get an NMLS number.

Step 3. Allison would then have to finish the 20 hours pre-licensure education aftee which she must pass it by having a score of at least 75%.

Step 4. Allison would then go through a criminal background check if she scores at least 75% and get the credit report.

8 0
2 years ago
Suppose you are the manager of a company and must decide whether to outsource your Human Resources department.
Natasha_Volkova [10]

IRAC method is used in outsource the human resource department for the company, as it helps the company to understand the types of employees they needs with the issue, rule, analyze and go to conclusion with the hiring the human resource department.

<h3>What is meant by human resource department?</h3>

Human resource department is the department in the organization that facilitates the company to employee the best and suitable candidate for the vacancy.

They take the interview before finalizing the candidate and check the capability of the candidate and evaluate the skills according to the demand of company.

Thus,IRAC method is used in outsource the human resource department for the company.

For more information about Human resource department, click here:

brainly.com/question/15075784

#SPJ1

3 0
2 years ago
Database Systems is considering expansion into a new product line. Assets to support expansion will cost $500,000. It is estimat
Daniel [21]

Answer:

Net income= 139,300

ROA= 27.86%

Explanation:

The assets to support the expansion is $500,000

It is estimated the entire database can generate $1,990,000

The profit is 7%

The net income can be calculated as follows

= 1,990,000×7/100

= 1,990,000×0.07

= $139,300

The ROA can be calculated as follows

= 139,300÷500,000

= 27.86%

7 0
3 years ago
Other questions:
  • Packages arrive at a facility at a rate of 30 per hour and are processed continuously at a rate of 25 per hour. The facility is
    8·1 answer
  • Full meaning of NeRsA
    15·2 answers
  • Labeling researchers focus on "extra legal" variables to explain differences in arrest and prosecution rates as well as entencin
    11·1 answer
  • You left work on Thursday evening and forgot to turn in a report that was due that day to your manager. You decide you need to c
    11·1 answer
  • Following the formation of a corporation, which of the following terms best describes the process by which the promoter is relea
    15·1 answer
  • In 2018, internal auditors discovered that Fay, Inc., had debited an expense account for the $700,000 cost of a machine purchase
    7·1 answer
  • Could I Industries just paid a dividend of $1.35 per share. The dividends are expected to grow at a rate of 19 percent for the n
    13·1 answer
  • When maria comes home from work, she finds that her yard has been mowed and trimmed. an hour later, a man comes to her door to c
    9·1 answer
  • Which of the following is not true?
    12·1 answer
  • the budgeted standard hours of a factory is 12000.the capacity utilization for april 2017 stood at 90% while the efficiencyratio
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!