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andre [41]
4 years ago
9

Alphonse is attending college next year. He received this offer from a university. His parents told him they would pay for his r

oom and board if he lives at home instead of in the dorms. He would only need to pay $2,000 for his car and insurance if he lives at home. Financial Analysis for University Costs per Year Financial Aid Package per Year Tuition & Fees Scholarships & Grants $10,500 $4,000 Room & Board Work-Study $11,500 $2,000 Which statements about the offer are true? Check all that apply. The total cost per year is $22,000 if he lives in the dorm. He would save $9,500 per year if he lives at home. He would save $11,500 per year if he lives at home. He has $6,500 in expenses that are not covered by financial aid if he lives at home. He has $4,500 in expenses that are not covered by financial aid if he lives at home. He will need to repay the $24,000 in scholarships, grants, and work-study money he receives during the four years of college.
Business
1 answer:
Kamila [148]4 years ago
6 0

Answer:

the answer is A, B, and D.

Explanation:

just took the test and these were the answers. please give me brainliest!

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A bonus package pays an employee $800 at the end of the first year, $1800 at the end of the second year, $2800 at the end of the
makvit [3.9K]

Answer:

The present value for this bonus is $30,018.13

Explanation:

pv         n  i FV

754.72 1 6% 800

1601.99 2  1800

2350.93 3  2800

3009.96 4  3800

3586.84 5  4800

4088.77 6  5800

4522.39 7  6800

4893.82 8  7800

5208.71 9  8800

<u>30018.13 </u>  

5 0
3 years ago
Read 2 more answers
______ is a form of sales promotion in which sales personnel are incentivized to expend greater effort selling a specific produc
Stella [2.4K]

Answer:

Sales Incentives

Explanation:

Sales Incentives is a form of sales promotion in which sales personnel are incentivized to expend greater effort selling a specific product or brand. When salesperson is given some kind of incentives for selling a product or service, the amount or benefit paid to him other than his fixed salary is know as Sales incentive. It is paid basically to motivate him for selling the product, or keep him motivated for selling the larger amount of products.

By using the sales incentives company cant not only increase its sales but also can compete with other companies in retail format and overall. When the particular company's sales team will be more motivated by this technique then surely they will gather more traffic towards them and then converting that traffic into sales number.

3 0
3 years ago
Managerial accounting differs from financial accounting in several areas. Specify whether each of the following characteristics
sammy [17]

The information given is differentiated into either managerial accounting or financial accounting below:

  • Main characteristic of data is that it must be reliable and objective = Financial accounting.
  • Not governed by legal requirements = Managerial accounting
  • Primary users are external (i.e creditors, investors) = Financial accounting
  • Focused on the future = Managerial accounting
  • Reporting is based mainly on the company as a whole= Financial accounting
  • Reports are usually prepared quarterly and annually= Financial accounting
  • Information is verified by external auditors = Financial accounting
  • Focused on the past = Financial accounting

<h3>What is managerial accounting?</h3>

Managerial accounting is a method of accounting that creates statements, reports, and documents that help management in making better decisions.

Financial accounting is concerned with the summary, analysis and reporting of financial transactions related to a business.

Learn more about managerial accounting on:

brainly.com/question/4952511

3 0
2 years ago
Sun Devil Hair Design has the following transactions during the month of February. February 2 Pay $700 for radio advertising for
lord [1]

Answer:

Sun Devil Hair Design Journal entries

Feb. 2

Dr Advertising expense 70p0

Cr Cash 700

Feb. 7

Dr Supplies 1,300

Cr Accounts payable 1,300

Feb. 14

Dr Cash 2,900

Cr Service revenue 2,900

Feb. 15

Dr Salaries expense 900

Cr Cash 900

Feb. 25

Dr Accounts receivable 1,000

Cr Service revenue 1,000

Feb. 28

Dr Utilities expense 300

Cr Cash 300

Explanation:

No further explanation was been given in this question.

5 0
3 years ago
You have just turned 40 years old and are trying to decide who much money to put into your retirement plan. The plan works as fo
Karolina [17]

Answer:

$31,886.09

Explanation:

years until retirement = 65 - 40 = 25 years

interest earned 7%

retirement age 65

expected life span after retiring = 95 - 65 = 30 years

financial needs during retirement $250,000 per year

current account balance $200,000

we must first determine how much money you will need when you are 65:

present value = $250,000 x 12.409 (PV annuity, 30 years, 7%) = $3,102,250

your $200,000 will be worth $200,000 x (1 + 7%)²⁵ = $1,085,486.53 in 25 years

so you need $3,102,250 - $1,085,486.53 = $2,016,763.47 extra

using the FV formula for an annuity:

$2,016,763.47  = payment x 63.249 (FV annuity, 25 years, 7%)

payment = $2,016,763.47 / 63.249 = $31,886.09

7 0
3 years ago
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