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2 years ago

How are the FAFSA, SAR, and EFC related?

Business

1 answer:

liubo4ka [24]2 years ago

3 0

Answer:

The correct answer is letter "A": The FAFSA is what you fill out to apply for financial aid. The SAR is a record of what you submitted in your FAFSA. The EFC is how much a college expects you and your family to contribute to your cost of college.

Explanation:

The Free Application for Federal Student Aid (FAFSA) is a form filled by future and current university students who would like to obtain financial aid for their studies. The form is submitted to the Scholars at Risk (SAR) Network who are in charge of evaluating the information and determine what the Expected Family Contribution (EFC) will be. The EFC represents the amount that the students' family or the students themselves will have to pay from their pockets.

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Exercise 4-2A Allocating costs between divisions Beasley Services Company (BSC) has 50 employees, 28 of whom are assigned to Div

Rasek [7]

Answer:

(a) $9,000 per employee

(b) $252,000; $198,000

Explanation:

Given that,

Fringe benefits cost during 2018 = $450,000

Employees assigned to division A = 28

Employees assigned to division B = 22

(a) Allocation rate:

= Total cost to be allocated ÷ Cost driver

= $450,000 ÷ 50

= $9,000 per employee

(b) Cost assigned to A:

= Division Allocation Rate × Weight of base (No. of employees)

= $9,000 × 28

= $252,000

Cost assigned to B:

= Division Allocation Rate × Weight of base (No. of employees)

= $9,000 × 22

= $198,000

6 0

2 years ago

It is increasingly difficult for a firm to develop and sustain a competitive advantage because of the effects of globalization a

Alexus [3.1K]

Answer:

a. the rapid development of the Internet's capabilities.

Explanation:

It is increasingly difficult for a firm to develop and sustain a competitive advantage because of the effects of globalization and the rapid development of the Internet's capabilities.

Globalization can be defined as the process of developing technology, people, investments, informations, products in order to create international influences across cultures and national markets or borders. This makes it possible for various multinational enterprise or companies to break into different markets across world and compete effectively with other companies.

Also, the rapid development of the Internet's capabilities gives various companies the ability and privilege to technology and software applications to seamlessly meet the needs of customers over the web such as cloud computing services, Internet of things (IoT) etc.

7 0

2 years ago

Countercyclical monetary policy means that _________________. Select the correct answer below: the Fed lowers interest rates dur

vlabodo [156]

Answer:

the Fed lowers interest rates during recessions and raises them during economic booms

Explanation:

Countercyclical monetary policy is a monetary policy used to work against any cyclical tendencies in order to slow down the economy when it is booming, and to stimulate economic activity then there is a recession.

Example of such policy is therefore a reduction of interest by the Fed during recessions and an increase of interest rate when there are economic booms.

5 0

2 years ago

Last year Kruse Corp had $355,000 of assets, $403,000 of sales, $28,250 of net income, and a debt-to-total-assets ratio of 39%.

maksim [4K]

Answer:

It will improve the ROE by 5.29% to 18.34% from 13.05%

Explanation:

current values

assets 355,000

sales 403,000

net income 28,250

debt to assets = 39%

debt = assets x 39% = 355,00 x .39 = 138,450

equity = assets - debt = 355,000 - 138,450 = 216,550

Current ROE

net income / own funds (equity)

28,250/216,500 = 0,1304849 = 13.05%

With the proposition of reducing assets to 252,500

debt = assets x 39% = 252,500 x .39 = 98,475

equity = assets - debt = 252,500 - 98,475 = 154,025‬

proposition expected ROE

28,250/154,025 = 0,183411783 = 18.34%

Change in ROE 18.34 - 13.05 = 5.29

6 0

2 years ago

Managerial accounting is different from financial accounting in that: Multiple Choice Managerial accounting is more focused on t

miss Akunina [59]

Answer: Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.

Explanation: Managerial accounting is the type of accounting under which the managers use the accounting estimates and make several assumptions to make decisions that can affect future results of business operations.

Under financial accounting recording, summarizing and presentation of data in a financial statement is done. It is used to keep track of the past transactions hence no assumptions are needed to make for important aspects.

8 0

2 years ago