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3 years ago

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

Business

1 answer:

Shalnov [3]3 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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On January 1, 2020, Novak Corp. had inventory of $56,500. At December 31, 2020, Novak had the following account balances.

salantis [7]

Answer:

Gross Profit ⇒ $296,500

Operating expenses ⇒ $153,500

Explanation:

Gross Profit;

= Net sales - Cost of Goods sold

Net sales = Sales revenue - sales discounts - sales returns and allowances

= 807,000 - 6,000 - 10,900

= $790,100

Cost of Goods sold

= Opening balance + Purchases + Freight-in - Purchase discounts - Purchase returns and allowances -closing balance

= 56,500 + 509,500 + 4,800 - 8,000 - 2,700 - 66,500

= $493,600

Gross Profit = 790,100 - 493,600

= $296,500

Operating Expense

Net Income = Gross profit - operating expenses

143,000 = 296,500 - operating expenses

Operating expenses = 296,500 - 143,000

= $153,500

6 0

2 years ago

Morgan Pharmaceutical spends $50,000 this year in research and development for a new drug to cure liver damage. By the end of th

kenny6666 [7]

Answer:

The impact of spending $50,000 on the research and development for a new drug to to cure liver damage will increase the expenses of the Morgan Pharmaceutical in the years financial statements.

Explanation:

Morgan pharmaceutical is pending $50,000 on he research and development of new drug which can cure the liver damage, from this spending company is expecting that after they have successfully created new drug it will lead to the increase in sales , which will ultimately lead to increase in profits , which then would totally recover the initial cost incurred on research and development but until then these expenses would be shown in the current years financial statement as expenses, and thus would increase the total expenses of the company.

3 0

3 years ago

Mack opened a cd 10 years ago at an interest rate of 7.8%, compounded monthly. According to the rule of 72, when did he have hal

Yakvenalex [24]

72 rule says
72/rate=Time
72/7.8= 9.23 years

8 0

3 years ago

Read 2 more answers

Shen wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacati

aleksley [76]

Answer:

Money plays the role as a store of value, a medium of exchange, as well as the unit cost of both the computer and vacation.

Explanation:

Money is a generally accepted medium of exchange or as a means of payment for goods ad services. The value of a product or a service is determined by how much money people are willing to pay for it. Hence money is also a determinant of value.

From the question,

Shen has $1537 in his account, this is the store of value he is willing to exchange for either a computer or vacation.

As he cannot afford both, he measures the opportunity cost and chooses the computer over the vacation. his check of $1.299 with which he buys the computer is his medium of exchange with which he purchased the computer.

The costs of both of the vacation and computer is the unit cost of value p;aced on both of them

6 0

3 years ago

Airline a and airline b are the two largest airlines in the country. the chief executive officer of airline a calls the chief ex

Sveta_85 [38]

I would say this type of arrangement between the two largest airlines could be considered a type of cartel whereby most or a high % of the airline passenger market is controlled mostly by two airlines so they think they can raise prices unilaterally.

4 0

4 years ago