The reason loans are not deducted from sticker price even if they are typically offered to you in a financial aid package is that "the net price is actual money that you or any individual will be paying."
This is evident because a net price is the sticker price minus the student's financial aid, scholarships, grants, and other support.
Unlike sticker price, the net price is the college student's amount would eventually pay in his college years.
A sticker price is the whole amount of the annual or session cost of a college education.
Hence, in this case, it is concluded that college students should concentrate more on the net price instead of a sticker price.
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Answer:
4.89%
Explanation:
Real rate of return = 3.37%
Inflation rate = 1.47%
The nominal rate of return is computed as shown below:
= [ (1 + real rate of return) x (1 + inflation rate) ] - 1
= [ (1 + 0.0337) x (1 + 0.0147) ] - 1
= (1.0337 * 1.0147) - 1
= 1.04889539 - 1
= 0.04889539
= 4.889539%
= 4.89% approx.
Answer:
The adjusting entry needed on December 31 is:
Debit Unearned Rent revenue $10,800
Credit Rent Revenue $10,800
Explanation:
Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made.
The tenant paid five months' rent in advance on October 1. From October 1 to December 31, Vista View Company had rented warehouse space to a tenant for 3 months.
The adjusting entry needed on December 31 is:
Debit Unearned Rent revenue $10,800 ($3,600 x 3 = $10,800)
Credit Rent Revenue $10,800
The date the board of directors votes to declare and pay a cash dividend is called the date of declaration.
<h3>What does the declaration date mean?</h3>
A declaration date refers the date on which the board of directors of a company announces the next date of dividend payment. The board of directors of a company announces a cash dividend on a declaration date, which involve paying a certain amount of money per common share.
A declaration statement is issued that mainy includes the details such as the size of the dividend, the record date and its payment date.
Basically, the date on which the directors vote to declare and pay a dividend is called the declaration date.
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Answer:
Amount at the end of twentieth year is $12,300
Explanation:
Annuity means a set of fixed amount of payments either made to you or paid by you , at a fixed number of times over a course of defined period.
The case given in the question is of ordinary annuity , where fixed amount of payment are required at the end of each period.
FORMULA FOR FUTURE VALUE ORDINARY ANNUITY =
Where, C(cash flow) = $300,
I(interest rate) = 7%
N(number of period) = 20
FV ( Future value)
![FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= CASH\ FLOW(C)\times \left [ \frac{1+I^{N}-1}{I} \right ])](https://tex.z-dn.net/?f=FUTURE%5C%20VALUE%28FV%29%5C%20OF%5C%20ORDINARY%5C%20ANNUITY%3D%20CASH%5C%20FLOW%28C%29%5Ctimes%20%5Cleft%20%5B%20%5Cfrac%7B1%2BI%5E%7BN%7D-1%7D%7BI%7D%20%5Cright%20%5D%29)
![FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= \$300\times \left [ \frac{1+7\%^{20}-1}{7\%} \right ])](https://tex.z-dn.net/?f=FUTURE%5C%20VALUE%28FV%29%5C%20OF%5C%20ORDINARY%5C%20ANNUITY%3D%20%5C%24300%5Ctimes%20%5Cleft%20%5B%20%5Cfrac%7B1%2B7%5C%25%5E%7B20%7D-1%7D%7B7%5C%25%7D%20%5Cright%20%5D%29)
![FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= \$300\times \left [ \frac{\ 1.07\ ^{20}-1}{7\%} \right ])](https://tex.z-dn.net/?f=FUTURE%5C%20VALUE%28FV%29%5C%20OF%5C%20ORDINARY%5C%20ANNUITY%3D%20%5C%24300%5Ctimes%20%5Cleft%20%5B%20%5Cfrac%7B%5C%201.07%5C%20%5E%7B20%7D-1%7D%7B7%5C%25%7D%20%5Cright%20%5D%29)
![FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= \$300\times \left [ \frac{\ 3.87\ -1}{7\%} \right ])](https://tex.z-dn.net/?f=FUTURE%5C%20VALUE%28FV%29%5C%20OF%5C%20ORDINARY%5C%20ANNUITY%3D%20%5C%24300%5Ctimes%20%5Cleft%20%5B%20%5Cfrac%7B%5C%203.87%5C%20-1%7D%7B7%5C%25%7D%20%5Cright%20%5D%29)
![FUTURE\ VALUE(FV)\ OF\ ORDINARY\ ANNUITY= \$300\times \left [ \frac{\ 2.87}{7\%} \right ])](https://tex.z-dn.net/?f=FUTURE%5C%20VALUE%28FV%29%5C%20OF%5C%20ORDINARY%5C%20ANNUITY%3D%20%5C%24300%5Ctimes%20%5Cleft%20%5B%20%5Cfrac%7B%5C%202.87%7D%7B7%5C%25%7D%20%5Cright%20%5D%29)
= 861/7%
= $12,300
