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svlad2 [7]
2 years ago
9

Your younger cousin Mary is a rising senior in high school this year and has been researching the cost of attendance at several

colleges. She emails you because she knows that you have just learned about paying for college and she has some serious concerns. Here are some excerpts from her email: --Despite her strong academic performance in high school and her interest in pursuing a career in chemical engineering, Mary reveals, “I’m starting to think that college just isn’t worth it. I don’t see how a college degree is going to help me in the future if it costs so much. Aren’t I better off just going straight into a job with my high school degree and saving my money?” --“I’ve been looking at the published costs of attendance on college websites, and they’re insanely high! There’s no way my family and I can afford such prices.” --“I know financial aid is available for students, but I don’t know what types there are, let alone how to apply for financial aid. Even if I knew how to apply, should I apply? I don’t think I’ll qualify and I don’t want to put in all that work for nothing.” --“I know that I have to start paying my loans right after I graduate college. But what if I don’t have a job by that time? And what if I can’t afford my monthly payments? I don’t want to take that risk.” You recognize that Mary has a few misconceptions and gaps in knowledge about how to pay for college and want to make sure that she makes a decision based on the right information. In 4-5 paragraphs, respond to Mary about each of her concerns.
Business
1 answer:
laila [671]2 years ago
3 0

Please note that the type of letter described above is an informal Letter. This is because there is an existing relationship with the recipient of the letter.

<h3>How do you write an Informal Letter?</h3>

An informal letter should:

  • have your address on the top right corner
  • have the date of the letter underneath your address
  • start with a salutation such as "Hello Mary"
  • have an introduction that is may or may not be personal. But preferably personal since you know Mary personally. For example, "It's been a while, Mary, I trust this meets you and yours well."
  • have a body that is clear, and specific. Remember your intention is to narrate your experience. Use short sentences.
  • have a great closing. You may use "Best" or "Warmest regards", or "Best wishes" since this is an informal letter.

The last item should be your name and your signature. Your signature should come before your name.

See the link below for more about Informal Letters:

brainly.com/question/26359213

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A firm has common stock with a market price of $25 per share and an expected dividend of $2 per share at the end of the coming y
Alisiya [41]

Answer: 13%

Explanation: The cost of equity can be defined as the return a company pays to its shareholders in return of bearing the risk of investing in the company.

As per the given figures in the question we can say that cost of equity can be determined with the help of dividend discount model, which can be equated as follows :-

k_{e}= \frac{D1}{P0}+G

where,

ke = cost of equity

D1 = expected dividend

P0 = current price

G = growth rate

So, putting the values into equation we get :-

k_{e}= \frac{\$2}{\$25}+5\%

               = 13%

4 0
3 years ago
A researcher is conducting an experiment in which one group of people is exposed to an advertisementand another group is exposed
katen-ka-za [31]

Answer:

d. subjects

Explanation:

"Experimental research, often considered to be the “gold standard” in research designs, is one of the most rigorous of all research designs. In this design, one or more independent variables are manipulated by the researcher (as treatments), subjects are randomly assigned to different treatment levels (random assignment), and the results of the treatments on outcomes (dependent variables) are observed."

Reference: Pelz, Bill, and Herkimer County Community College. “Research Methods for the Social Sciences.” Lumen, 2019

8 0
3 years ago
Home of Households, Inc., has an appliance manufacturing plant in the Chicago area. The company specializes in producing smaller
Blizzard [7]

Answer:

The correct option is C

Explanation:

As company is producing or manufacturing in the area Chicago and produce or make the dryers and small washers for countries where the consumers have less living space. So, it participates in the global market by exporting. As exporting refers to exporting or transfer the goods to another country as they are produced in another country.

7 0
3 years ago
Why do you think the accounting requirements for job-order costing are more demanding than those for process costing
klasskru [66]

Since there is a cost involved in allocating the specific material and labor to the product, job order cost systems are sometimes more expensive to operate than a straightforward process costing system.

<h3>What is job order costing?</h3>

Job order costing is a costing approach used to calculate the cost of producing each product. This pricing approach is typically used when a company creates a number of items that are distinct from one another and wants to assess the cost of performing a single operation. Direct labor, direct supplies, and manufacturing overhead are all included in task pricing.

Job order costing can be used to determine if a job is profitable.  Efficient task order costing enables businesses to generate bids that are competitive while being profitable.

learn more about job order costing refer:

brainly.com/question/24277455

#SPJ4

8 0
2 years ago
The Colson Company issued $407,000 of 9% bonds on January 1, 2014. The bonds are due January 1, 2020, with interest payable each
Zielflug [23.3K]

Answer:

Dr cash    $407,000

Cr bonds payable       $407,000

July 1

Dr interest expense   $ 18,315.00  

Cr cash                                              $ 18,315.00  

December 31

Dr interest expense   $ 18,315.00  

Cr interest payable                                          $ 18,315.00  

Explanation:

The bond was issued at face value of $407,000 which means that cash of $407,000 was received which is to be debited to cash account and bonds payable account credited for the same amount.

On July1 ,interest coupon of  $ 18,315.00   ($407,000*8%*6/12) was paid which means that interest expense is debited with $ 18,315.00   while cash is credited.

On 31 December ,interest coupon of  $ 18,315.00   ($407,000*8%*6/12) was due  which means that interest expense is debited with $ 18,315.00   while interest payable is credited.

6 0
3 years ago
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