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3 years ago

Explain the importance of thoroughly checking your SAR and what steps you can

1 answer:

5 0

Based on financial analysis, the importance of thoroughly checking your SAR is that "possessing an accurate SAR gives individuals the high tendency of earning a financial aid award."

Generally, the financial aid awards depend on the accurate details given in the SAR report.

However, should there be an error in the SAR report, here is the step you can take:

Either you correct or update your Free Application for Federal Student Aid, often referred to as FAFSA form.

The FAFSA form can be filled online.

SAR is an acronym for Student Aid Report.

Hence, in this case, it is concluded that SAR information is crucial for students that need financial aids.

Learn more here: brainly.com/question/24801462

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In a small manufacturing facility, one welder is needed for every 200 hours of machine-hours or fewer in a month. The welder is

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C. $17,500

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1,300 / 200 = 6.5

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4. The obligation for payment of the commission is whichever compensation arrangement box is checked.

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3 years ago

It is claimed that mutual funds have two advantages. The first is that mutual funds allow people with small amounts of money to

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The correct answer is d. Economists strongly agree with the first claim, but are skeptical of the second.

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3 years ago

On June 1 of Year 1, a company paid $2,400 cash to rent office space for one year beginning immediately. Based solely on this in

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With an assumption that the company's accounting year is same as the calender year, the income statement would show $1,000 of rent expense.

<h3>What is an income statement?</h3>

An income statement refers to a financial statement that shows a firm's income and expenditures for an accounting year.

Rent expenses = $2,400 prepaid rent / 12 months

Rent expenses = $200 per month

Rent expenses = $200 rent expense per month x 5 months (in Year 2)

Rent expenses = $1,000 rent expense

In conclusion, with an assumption that the company's accounting year is same as the calendar year, the income statement would show $1,000 of rent expense.