Answer:
c. Current bank statements
Explanation:
The CSS Profile is an essential document/form which is required to gain financial aid for college tuition. In general, it needs to assess whether an individual (student) is eligible to get such a benefit.
Naturally, the documents needed to make progress with completing the profile are the ones related to <u>financial information</u> (tax, bond possession, W-2 parent forms).
Other items listed can be demanded by a particular college, but are not essential to complete the profile.
Answer: If there is a major technological advance in the production of a good that causes production costs to fall and the demand for the product is relatively inelastic: As production costs fall, it will cause an increase in supply, therefore the price will fall, but demand as it is inelastic will not increase in the same amount as the price rises.
If Inez is not satisfied with the painting by Josh, Inez does not have to accept the portrait or pay Josh any money. Inez does not have to pay Josh at all.
Answer:
YTM = 4.795%
Explanation:
The formula for yield to maturity (YTM) is given as follows.
YTM = [C + (F - P)/N) / [(F + P)/2] where
C = Coupon payment
F = Face value of bond
P = Price of bond
N = Time to maturity
In the given scenario, note that the payments are semi-annual. Therefore:
C = 2.7% x 1000 = $27
F = $1000
P = 106% x $1000 = $1060
N = (15 - 2) x 2 = 26
YTM = [$27 + ($1000 - $1060) / 26] / [($1000 + $1060) / 2]
= $24.692 / $1030
= 2.3973%
In yearly terms, YTM = 2.3973% x 2
= 4.795%
Answer:
Total= 45,684 feet
Explanation:
Giving the following information:
Production budget:
February= 10,993
March= 8,559
Each chair produced uses 5 board feet of wood.
Management wants an ending inventory level of raw materials to equal 20% of the production needs (in wood) for the next month.
Direct material budget:
Production= 10,993*5= 54,965
Desired ending inventroy= (8,559*5)*0.2= 1,712
Beginning inventory= (10,993*5)*0.2= (10,993)
Total= 45,684 feet
