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2 years ago

\Why is it important to consider scholarships and grants before loans to pay for higher education?

Business

1 answer:

Shalnov [3]2 years ago

4 0

Answer:

Explanation:

Scholarships and grants are monies that are given to the student for education. You DO NOT have to pay them back.

Loans can also be given for education costs but you DO have to pay them back. So, obviously, you want scholarships and grants before loans.

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. Chandler Tire Co. is trying to decide which one of two projects it should accept. Both projects have the same start-up costs.

Alex787 [66]

Answer:

So project two is better because it will increase the wealth of Chandler Tire by $ 18,598.33 more than Project 1

Explanation:

To determine which project to be selected, we will compute the present value (PV) of the two projects and select the one with a higher PV.

Present value is the today worth of the future cash inflows from a project. The higher the present value the more wealth is been created. So a project with a higher PV is better if two are been compared.

So when comparing two projects, the one with a higher PV is better.

PV of Poject 1

PV = 52,000 × 1-(1.015)^(-6)

$196,793.10

PV of Project 2

PV = 48,000 × 1- (1.015)^(-8)

$215,391.43

So project two is better because it will increase the wealth of Chandler Tire by $ 18,598.33 more than Project 1

4 0

2 years ago

Better Corp. (BC) began operations on January 1, Year 1. During Year 1, BC experienced the following accounting events: 1. Acqui

yuradex [85]

Answer:

Better Corp. (BC)

a. Accounting Equation

Assets = Liabilities + Equity

1. Cash $7,000 Common stock $7,000

2. Cash $12,000 Bank loan payable $12,000

3. Cash $47,000 Service Revenue $47,000

4. Cash ($30,000) Op. expenses ($30,000)

5. Cash ($8,000) Cash dividend ($8,000)

6. Land $20,000 Cash ($20,000)

Assets $28,000 = Liabilities $12,000 + Equity $16,000

b. December 31, Year 1 Balances:

Total assets = $28,000

Total liabilities = $12,000

Stockholders' equity = $16,000

Balance Sheet as of December 31, Year 1

Assets:

Cash $8,000

Land $20,000

Total assets $28,000

Liabilities:

Bank loan $12,000

Equity:

Common stock $7,000

R/Earnings 9,000

Total equity $16,000

Liabilities and

Equity $28,000

c. January 1, Year 2 Balances:

Total assets = $28,000

Total liabilities = $12,000

Total equity = $16,000

d. The Land will be shown on the December 31, Year balance sheet at $20,000. The reason is that this is the acquisition cost and the land is not held for trading (no information provided).

Explanation:

a) Data and Analysis based on the Accounting Equation:

1. Cash $7,000 Common stock $7,000

2. Cash $12,000 Bank loan payable $12,000

3. Cash $47,000 Service Revenue $47,000

4. Cash ($30,000) Operating expenses ($30,000)

5. Cash ($8,000) Cash dividend ($8,000)

6. Land $20,000 Cash ($20,000)

4 0

3 years ago

Which of the following is an example of part-time business? a. Tabatha, who works from home for a fashion website for a minimum

Brut [27]

Answer: The answer is C. Dorothy, who works in her small bakery for less than 30 hours a week.

Explanation: A part-time business can't exceed 35 hours a week.

3 0

2 years ago

Read 2 more answers

Imagination Dragons Corporation needs to raise funds to finance a plant expansion, and it has decided to issue 15-year zero coup

Vladimir79 [104]

Answer:

a) Zero coupon bond does not pay periodical interest and formula to compute the value of a zero-coupon bond:

Value = Face Value / (1 +Yield / 2) ** Years to Maturity * 2

b) Interest deduction

After 1 year bond value from the above equation is 437.08

437.08 - 411.99 = 25.09

In the 14th year bond value from the above equation is 942.60

1000 - 942.60 = 57.40

c) Straight Line Method

Total Interest Paid = 1000 - 411.99

= 588.01

For yearly calculation

588.01 / 15 = 39.21

Further computation is done in the image below.

8 0

3 years ago

Read 2 more answers

E-Gadgets is a chain of electronics stores that specializes in devices and gadgets incorporating cutting-edge technologies. The

IgorLugansk [536]

Answer:

The correct option is C) place utility

Explanation:

Place utility is the utility which is created for a product by making that product available to near by locations of the customers so that they can easily get access to those products. Same strategy is being applied in the question by E-gadgets , who are making their stores available to such locations , where their customers ( upper middle class and wealthy neighborhoods) can get access to the products easily( less than 15 minutes in the given case).

5 0

2 years ago