Answer:
The correct answer is letter "B": They are both forms of free money that you will not need to pay back after you graduate.
Explanation:
One of the biggest benefits of grants and scholarships while financing your college expenses is the fact that the amount of money provided for school is not repaid. Compared to college loans that have high-interest rates, <em>there will not be a debt after finishing school</em> with grants and scholarships.
Answer:
The correct answer is letter "C": Conceptual skills.
Explanation:
Conceptual skills are theoretical knowledge individuals have that allows them to synthesize abstract ideas with material objects to perform certain duties or pieces of work. In every professional field, conceptual skills are necessary moreover when new ideas are to be introduced to resolve problems.
Thus, <em>Joann Hayes must out in practice her conceptual skills while finding ways to replace the use of non-renewable energy and feasible options to do that practically.</em>
Answer:
Because it provides support but no tangible goods. ... Because it provides tangible goods
Explanation:
Answer:
The accounts receivable balance at the beginning of the third quarter is $3,550
Explanation:
For computing the account receivable balance, first, we have to compute the credit sale per day, and then multiply with the number of days
In mathematically,
Credit sale per day = (Estimated second Quarter Sales) ÷ (accounts receivable period up to second quarter)
= $7,100 ÷ 90 days
= 78.89
Now the account receivable balance equals to
= Credit sales per day × accounts receivable period
= 78.89 days × 45 days
= $3550
Since the question is asking about the beginning of the third quarter so we considered second quarter sales
Answer:
1.- Without Retrospective effect
2.- No as it comes from a change in estimations not an accounting error.
3.- yes. It will give a full explanation about the reasons to extend the useful life.
4.- Depreciation expense for 2021: 60,000
Explanation:
1.- The change in the useful life does not represent an accounting error. It comes from the estimation process.
800,000 - 160,000 x 2 = 480,000 book value at beginning 2021
480,000 / 8 new useful life = 60,000 depreciation per year.
