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guapka [62]
3 years ago
12

Which of the following describes PLUS loans? O Loans that are taken out by parents and have high interest rates

Business
1 answer:
konstantin123 [22]3 years ago
4 0

Answer: A: Loans that are taken out by parents and have high - interest rates

Explanation: Parents take out these loans for their children and PLUS loans have the highest interest rate of all student loans.

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The following information was drawn from the 2016 accounting records of Ozark Merchandisers: 1. Inventory that had cost $21,200
solniwko [45]

Explanation:

Sales Discount = (Gross Sales - Sold Price) × Discount percentage

($39,900 - $1,520) × 2%

Net sales = Gross Sales - Sales Returns - Sales Discounts

= $39,900 - $1,520 - $767.60

= $37,612.40

Ozark Merchandisers Income Statement  

Net Sales Revenue                                     $37,612.40

Cost of Goods Sold ($21,200 - $920)        $20,280

Gross Profit                                                  $17,332.40

Selling and Administrative Expenses         $4,200

Income from Operations                             $13,132.40

Other Income  

Gain on sale of land                     $1,250  

Interest Expense                         ($360)         $890

Net Income                                                $14,022.40

Under Finance activities the interest expense is $360 in the statement of cash flow.

6 0
3 years ago
You own a store. Beginning inventory on January 1 was $4,000. Ending inventory on December 31 was $4,500. You purchased $22,000
Butoxors [25]

Answer:

Explanation:

(a) The computation of the cost of goods sold is shown below:

= Beginning inventory + Purchase of new merchandise - ending inventory

= $4,000 + $22,000 - $4,500

= $21,500

(b) In the income statement, the total revenues and the total expenses are recorded.  

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.  

The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:

7 0
3 years ago
According to the United Nations, there were roughly 300 million humans on the planet 1,000 years ago.
defon

Answer:

d) The answer is impossible to determine from the given information

Explanation:

One might think that the correct answer is the b) it rose. However, you should consider that the statement is comparing the lifestyle of humans 1000 years ago with modern standards of poverty. Which is not entirely correct, since 1000 years ago <u>antibiotics had not been discovered, nor had processes developed to purify water, much less invented means of transport such as train or cars</u>. It is possible that 1000 years ago, lacking these comforts wasn't an indicator of poverty as it is today, basically because at that time in history those things didn't exist.

7 0
3 years ago
​A bond with a 12 percent quarterly coupon rate has a yield to maturity of 16 percent. The bond has a par value of $1,000 and ma
Mekhanik [1.2K]

Answer:

fair value is $761

Explanation:

Given data

bond value = $1000

rater r = 12 %

rate R = 16%

time = 20 year

to find out

a fair price

solution

we know compounding period in year is = 4

so time 20 x 4 = 80  

fair Price = \sum_{k=1}^{k=80} [(Quarterly Coupon) / (1 + R/400)^t] +bond value / (1 + R /400)^t

here

Quarterly Coupon = 12 × 1000/400 = 30

so

fair Price = \sum_{k=1}^{k=80} [(30) / (1 + 16/400)^k] + 1000 / (1+16/400)^80

solve it we get

fair value is $761

5 0
3 years ago
A small company needs to set up a security surveillance system to protect its building. which cloud-based technology will the co
Andrew [12]

One technology that depends on the Internet of Things is security systems (IoT). Virtual user desktops are made by VDI.

A security feature for computer logins is SSO. When computers complete intricate, human-like jobs, that is AI.

It's a real thing that has an Internet connection. It may be a thermostat, a lock, an appliance, a light bulb, a fitness tracker, or even a lock.

Imagine having shoes that monitor your heart rate and can alert you about potential health issues. These "smart" shoes are real; you don't need to imagine them.

Over the next five years, the Internet of Things will bring about amazing potential. The Internet of Things (IoT) business still has a long way to go in terms of overall security, even while smart things are just that. "Insecurity by design" refers to how many IoT devices released today were developed with minimal regard for privacy and security safeguards.

Learn more about security here:

brainly.com/question/28070333

#SPJ4

4 0
1 year ago
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