Direct Materials: Cost Variance $1,400 Efficiency Variance $320
Direct Labor: Cost Variance $690 Efficiency Variance $1,320
What are the cost and Efficiency Variance ?To compute the cost and efficiency variances for direct materials and direct labor, we need to use the following formulas:
Cost Variances:
Direct Materials Cost Variance = (AQ x AP) - (AQ x SP)Direct Labor Cost Variance = (AH x AR) - (AH x SR)Efficiency Variances:
Direct Materials Efficiency Variance = (AQ x SP) - (SQ x SP)Direct Labor Efficiency Variance = (AH x SR) - (SH x SR)where,
AQ = actual quantity of direct materials used
AP = actual price of direct materials
SP = standard price of direct materials
AH = actual hours of direct labor worked
AR = actual rate of direct labor
SR = standard rate of direct labor
SQ = standard quantity of direct materials allowed for actual output
SH = standard hours of direct labor allowed for actual output
Now, let's compute the cost and efficiency variances for direct materials and direct labor:
Direct Materials:
Direct Materials Cost Variance = (AQ x AP) - (AQ x SP)= (7,000 x $3.40) - (7,000 x $3.20)
= $23,800 - $22,400
= $1,400 (Favorable)
Direct Materials Efficiency Variance = (AQ x SP) - (SQ x SP)= (7,000 x $3.20) - (6,900 x $3.20)
= $22,400 - $22,080
= $320 (Favorable)
Direct Labor:
Direct Labor Cost Variance = (AH x AR) - (AH x SR)= (2,300 x $13.50) - (2,300 x $13.20)
= $31,050 - $30,360
= $690 (Favorable)
Direct Labor Efficiency Variance = (AH x SR) - (SH x SR)= (2,300 x $13.20) - (2,400 x $13.20)
= $30,360 - $31,680
= $1,320 (Unfavorable)
Therefore, the cost and efficiency variances for direct materials and direct labor are as follows:
Direct Materials:
Cost Variance: $1,400 Efficiency Variance: $320 (Favorable)Direct Labor:
Cost Variance: $690 (Favorable)Efficiency Variance: $1,320 (UnfavorableLearn more about cost and efficiency variances
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Q Use the drop-down menus to identify which vocabulary terms match the definitions.
1) (Short-term/ long-term ) goals are goals that a person means to accomplish in the near
future, such as in a day, a week, or a month.
2) (Short-term/ long-term ) goals are goals that a person means to accomplish in a longer period of time, such as in a semester, a year, or ten years.
3) Setting a (professional goal/personal goal ) involves determining something in your career that you would like to achieve, such as a promotion, within a set timeframe.
Answer:
1) → Short-term goals are goals that a person means to accomplish in the near future, such as in a day, a week, or a month.
2) → long-term goals are goals that a person means to accomplish in the near
future, such as in a day, a week, or a month.
3) → Setting a professional goal involves determining something in your career that you would like to achieve, such as a promotion, within a set timeframe.
OAmalOHopeO
Short-term
long-term
professional goal
What is the main goal of policymakers in regards to the business cycle?
a.to limit the volatility of the business cycle by reducing the size of both recessions and booms
b.to allow recessions to self-correct while actively preventing booms from growing into bubbles
c.to mitigate recessions while allowing economic booms to run their course
d.to increase the magnitude of both recessions and booms since the net result is higher economic growth
e.to maximize growth by fighting recessions and promoting economic booms
To lower the magnitude of both recessions and booms in order to lower the cycle's volatility. Policymakers seek expansionary monetary or fiscal measures when the economy is in a slump to prevent the recession from deepening or the economy from entering a depression.
What objectives does the business cycle have?
A business cycle is used to monitor economic activity. Practically speaking, the business cycle charts the growth, contraction, and recession phases of an economy. Your ability to invest, consume, and obtain credit may all be impacted. the business goals hierarchy. You should focus on a different hierarchy when creating a business: Survive. Sustain. Profit.
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FORM 2 BUSINESS HOLIDAY ASSIGNMENT
1 Differentiate between
ru Business and Business Studier
(2) Trade and Commerce
Qin External and internal business environments
(in Generic and enterprise forms of competitive environment
2. Explain five Characteristics of Economic resources
3. Explain five Characteristics of good thing System
4. Explain five uses of computers in an office
5. Explorin five examples of small-scale retailers wilu Shop
6. Explain five functibus of Wholesalers
, to producers
7 Give five terms of
payments
in home trade
8. Give five advantages of sole proprietorship forms of business to
9. Give four Sources of capital for public Limited Compar
10. Give five roles of Conimersial attache's
16 Give five essential elements of Communication
12. Give five importance of Warehouse
13. Explain five trending issues in transport
14. Explain Metuels of government involvement in basica
15. Explain five barriers to effeceive Communication
Answer:
Explanation:
2.Private: Easily excluded and subtractive.
Common pool: Difficult to excluded and subtractive.
Toll: Easily excluded and jointly consumption.
Public: Difficult to exclude and jointly consumed.
3.These are hypothesized to include functional “goodness”, good infrastructure, reliability, connect-ability, versatility and benefits that overflow/overwhelm the system's scope or initial investment.
4.Some of the popular uses of computers in offices include preparation of word documents such as letters, reports, processing of work documents such as work orders and financial reports, presentation of reports and proposals to and behalf of executive and higher level office personnel, management of email services
6.(i) Buying and Assembling:
The wholesaler purchases goods in large quantities from different manufacturers and assembles them at one place and stores them in his warehouse and resell to the retailers.
(ii) Warehousing:
By preserving the goods received from different manufacturers in stores, the wholesaler performs the function of warehousing. The storage of goods is needed on account of time lag between production and consumption of goods.
(iii) Grading and Packaging:
The assembled goods are graded in accordance with their quality and packed in different containers before supplying to the retailers. In this manner, the wholesaler performs important marketing functions of grading and packing.
(iv) Transportation:
The wholesalers purchase goods from manufacturers and carry them to his godowns and then supply the same to the retailers. He may employ his own vans or hire vehicles for carrying the goods on account of bulk purchases. They can avail of economies in freight.
(v) Financing:
The wholesaler provides credit facilities to the retailers and manufacturers. They sometimes give advance to the manufacturers for the goods to be received later. By selling goods on credit they help the retailers.
7.
There are 5 types of payment methods available in international trade. These payment types are cash-in-advance, open account, documentary collections, documentary credits (letters of credit) and bank payment obligation.
8.Less paperwork to get started.
Easier processes and fewer requirements for business taxes.
Fewer registration fees.
More straightforward banking.
Simplified business ownership.
9.The main sources of funding are retained earnings, debt capital, and equity capital. These are long-term sources, medium-term sources and short-term sources.
10.Educating and advising exporters on trade regulations/practices in other countries.
Expansion and diversification of exports.
Organizing for trade fairs and exhibitions of local goods in foreign markets.
Expansion and diversification of foreign markets.
16. 5 elements of effective communication: the sender, language, environment, the receiver, and feedback. All of these elements contribute to sending and receiving a concise, clear message.
12.Warehousing allows for timely delivery and optimized distribution, leading to increased labor productivity and greater customer satisfaction. It also helps reduce errors and damage in the order fulfillment process. Plus, it prevents your goods from getting lost or stolen during handling.
13.Trend #1: Cloud-Based Systems Adoption.
Trend #2: Integrated, Frictionless Travel.
Trend #3: Visibility and Anti-Theft GPS.
Trend #4: Self-Driving Trucks.
Trend #5: Regulation Compliance.
15.There are five key barriers that can occur within a company: language, cultural diversity, gender differences, status differences and physical separation.
Hope this helped!!!
Question # 5
Multiple Choice
How would you relate the passage below to what happened with engineering during the Industrial Revolution?
Leonardo da Vinci was not only a painter, but also the designer and inventor of practical items, such as a spring-driven clock, weapons
of war, such as a catapult and a giant crossbow, and some things that never went beyond the conceptual stage, such as his ideas for
various types of flying machines. Although da Vinci only designed some things such as war machines—for clients who demanded
them, other things, such as his conceptual design for an early sort of helicopter, were a product of his restless curiosity and desire to
create
After the Industrial Revolution, engineers primarily worked as inventors, creating items either for paying clients or their own amusement.
O
Unlike da Vinci's informal approach to engineering, engineers during the Industrial Revolution began to be formally trained as
professionals taking a systematic and often specialized approach to their work.
During the Industrial Revolution, engineers came to be instructed in how to foster the creative energy that da Vinci displayed in his
endeavors
The engineering profession became less rigidly formalized during the Industrial Revolution, so much so that afterward, engineers looked
to da Vinci as the model and inspiration for their efforts.
C!!!! edge 2020
Explanation:
On edge
Answer:
option D:Unlike da Vinci’s informal approach to engineering, engineers during the Industrial Revolution began to be formally trained as professionals taking a systematic and often specialized approach to their work.
Explanation:
I tried C and got it wrong
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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i will give $1000 to someone that can help me with this. and im being serious
Answer:
shell say to get your team together and lead if can do it do it, if you cant, don't
Explanation: you're the team leader you're supposed to be able to make decisions even the hard ones
On the 45-degree line diagram, the 45-degree line shows points where a real aggregate expenditure equals real GDP. b real aggregate output equals the quantity produced. c real income equals real GDP. d real aggregate expenditure equals C + 1.
On the 45-degree line diagram, the 45-degree line represents points where real aggregate expenditure is equal to real GDP(A).
The 45-degree line on a diagram represents the equality between two variables. In this case, it shows the relationship between real aggregate expenditure and real GDP.
Real aggregate expenditure represents the total spending in an economy, including consumption (C), investment (I), government spending (G), and net exports (NX). Real GDP, on the other hand, represents the total value of goods and services produced in an economy.
When real aggregate expenditure equals real GDP, it implies that the total spending in the economy matches the total production, indicating a state of equilibrium. This equilibrium is reached when the economy is producing at its potential level and there are no unplanned inventory changes.
Therefore, the 45-degree line helps visualize this equilibrium relationship between real aggregate expenditure and real GDP(A).
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PLEASE HURRYYYY THIS IS DUE RIGHT NOW 20 POINTS
Please select the word from the list that best fits the definition Fossil fuels are the only cause of global warming. Absolute or Qualified?
Answer:
absolute
Explanation:
cause oils from mine feilds an certain refreshners cause global warming
Answer:
Absolute
Explanation:
oligopolies are difficult to analyze because
Tom was recently turned down for a loan. He would like to re-apply next year for the same loan. Which of the following is not a change he could make to increase his chances of being approved for the loan?
a.
Pay off some of his credit cards to decrease his debt-to-income ratio.
b.
Take out some more credit cards to increase his monthly debt.
c.
Find another job that pays more, increasing his gross monthly income.
d.
Improve his credit score by making all credit card and loan payments on time
Look at all the options and see which one would NOT be a positive change. In order to get a loan, you want as little debt as possible, which rules out option A because getting rid of debt is good. You also want a high paying job, which rules out option C. Finally, your credit score is very important in getting a loan. You want the best credit score possible, which rules out option D. This leaves option B. This would be the answer because, as I said before, you want as little debt as possible, so increasing your monthly debt would not be helpful at all in getting a loan.
Answer:
B
Explanation:
Take out some more credit cards to increase his monthly debt.
Suppose the Chicago Cubs baseball team charges $8 bleacher seats and sells 150,000 of them over the course of the season. The next season, the Cubs increase the price to $10and sell 100,000 tickets. Is the demand for Chicago Cubs bleacher seats elastic or inelastic
The price elasticity of demand is greater than 1, we can conclude that the demand for Chicago Cubs bleacher seats is elastic.
The elasticity of demand can be determined by analyzing the change in quantity demanded in response to a change in price. In this case, the price of Chicago Cubs bleacher seats increased from $8 to $10, while the quantity sold decreased from 150,000 to 100,000.
To calculate the price elasticity of demand, we use the formula:
Elasticity of demand = (% change in quantity demanded) / (% change in price)
First, we need to calculate the percentage change in quantity demanded:
Percentage change in quantity demanded = [(new quantity - old quantity) / old quantity] * 100
Percentage change in quantity demanded = [(100,000 - 150,000) / 150,000] * 100
Percentage change in quantity demanded = (-50,000 / 150,000) * 100
Percentage change in quantity demanded = -33.33%
Next, we calculate the percentage change in price:
Percentage change in price = [(new price - old price) / old price] * 100
Percentage change in price = [(10 - 8) / 8] * 100
Percentage change in price = 25%
Now, we can calculate the price elasticity of demand:
Elasticity of demand = (-33.33% / 25%)
Elasticity of demand = -1.33
Since the price elasticity of demand is greater than 1, we can conclude that the demand for Chicago Cubs bleacher seats is elastic. This means that a 1% increase in price will lead to a more than 1% decrease in quantity demanded.
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Can anybody help me please? :)
According to O*NET, what is the most common level of education required for Nursery and Greenhouse Managers?
master’s degree
bachelor’s degree
associate degree
high school diploma or equivalent
Answer:
bachleor's degree
Explanation:
hope this helped
it’s B
i hope it helps
definition of the term small business
Answer:
make me brainalist and keep smiling dudeExplanation:
Small business is defined as a privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.in the process of market segmentation, which of the following is the step that comes after grouping customers with similar need sets?
Answer:
D
Explanation:
Most products in developed economies fulfill more than one need.
Larry is tasked with implementing a VoIP system in the office. He presents his research to his boss, who wants to use the current hard phones to save money. What BEST explains why this is not possible
Larry is tasked with implementing a VoIP system in the office. He presents his research to his boss, who wants to use the current hard phones to save money. The older phones do not have conference capabilities. But VoIP hard lines do.
This is further explained below.
What is VoIP?Generally, Your voice is converted into a digital signal through the technology known as Voice over Internet Protocol (VoIP), which enables you to make calls straight from a computer, a VoIP phone, or other data-driven devices. To put it another way, it's a phone service that's provided through the internet.
In conclusion, Larry has been given the responsibility of installing a VoIP system in the workplace. He delivers his findings to his supervisor, who is in favor of continuing to utilize the existing hard phones in order to save costs. The older phones do not have the capability to participate in conferences. But VoIP hard lines do.
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Determine how long it would take for an investment of $1000 to grow to $1500 if it is invested at 3% per year compounded monthly. P=A(1+6) nt P = final amount A = initial amount i = interest rate per year n=number of compounds per year t = time in years Select one: a. 21.80 years b. 0.15 years C 13.53 years d. 13.72 years e. 1.82 years
To determine the time it would take for an investment of $1000 to grow to $1500 at an interest rate of 3% per year compounded monthly, we can use the formula for compound interest:
P = A(1 + i/n)^(nt)
Where:
P = final amount ($1500)
A = initial amount ($1000)
i = interest rate per year (3% or 0.03)
n = number of compounds per year (12, since it's compounded monthly)
t = time in years (unknown, what we want to find)
We can rearrange the formula to solve for t:
P/A = (1 + i/n)^(nt)
Taking the logarithm of both sides:
log(P/A) = log((1 + i/n)^(nt))
Using the logarithmic property log(a^b) = b * log(a):
log(P/A) = nt * log(1 + i/n)
Now we can plug in the given values and solve for t:
log(1500/1000) = t * log(1 + 0.03/12)
log(1.5) = t * log(1.0025)
Using logarithmic properties again, we can isolate t:
t = log(1.5) / log(1.0025)
Calculating this expression, we find that t is approximately 13.72 years.
Therefore, the correct option is:
d. 13.72 years
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T/F. Apple, a company with a strong product line, probably has strong bargaining power of suppliers.
True. Apple, as a company with a strong product line and significant market power, is likely to have a strong bargaining power of suppliers.
This is due to several factors, including its large scale of operations, reputation as a quality buyer, and significant market power. One factor that contributes to Apple's strong bargaining power of suppliers is its large scale of operations. As one of the largest technology companies in the world, Apple has significant purchasing power and the ability to negotiate favorable terms with its suppliers. This allows Apple to demand lower prices, better payment terms, and higher quality products from its suppliers, all of which can help the company maintain its competitive edge. In addition to its large scale of operations, Apple also has a reputation as a quality buyer. Suppliers who do business with Apple know that they are working with a company that demands excellence and is willing to pay a premium for quality products and services. This reputation can help Apple negotiate better terms with suppliers, as they may be willing to offer favorable terms in order to maintain their business relationship with Apple. Finally, Apple's significant market power also contributes to its strong bargaining power of suppliers. As one of the dominant players in the technology industry, Apple has the ability to dictate terms to suppliers and to choose from among the best suppliers in the market. This gives Apple significant leverage in negotiations with suppliers and allows the company to secure the best possible deals on the products and services it needs to remain competitive.
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Random error may result from all of the following except:
a> Faulty calibration
b> Temperature fluctuation
c> Variation in reaction time
d> Variation in reagent volumes
Random mistakes in experimental measurements can happen for a number of reasons, but they are not brought on by inaccurate calibration, temperature changes, or changes in reagent quantities.
Systematic mistakes, which are not random but consistent in one direction, might be introduced if the instruments or equipment used in the experiment are not correctly calibrated. On the other hand, random errors are brought on by unforeseen oscillations. Temperature variation: Variations in temperature can have an impact on a substance's physical characteristics, introducing random mistakes into measurements. For instance, heat expansion or contraction can change a substance's volume or density, causing irregularities. Variability in reaction time: If the time is variable.
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Noriko analyzes ways to create and improve computer systems.
Boris helps people who are having difficulty using computers.
Lane writes code for operating systems.
Jewel tests software to identify problems.
Carla fixes and maintains databases.
Ignacio plans, organizes, and oversees information technology projects.
Answer:Brian uses ultrasound technology to create images of a patient’s liver and kidneys.
Nigel performs tests on a patient to get information about how his heart is working.
Krystal analyzes X-rays to determine whether a patient has a broken arm.
Explanation:
Answer:
A. B. F.
Explanation:
Edge
A journal with a debit and credit column for recording transactions is known as a___________.
A journal with a debit and credit column for recording transactions is known as a General journal. All other financial reports are built on top of journal entries. They offer crucial data that auditors use to assess how financial transactions affect a corporation. A diary is an example of a journal because it allows you to record your thoughts and events.
Scholarly, popular, and trade periodicals are the three categories into which the majority of journals and magazines fall. General ledger, which is then used to produce financial statements of a business, is created using entries in an accounting journal.
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why are medical related professions and human resources important?
Answer:
because sometimes they help us to get some medicine which can be used to cure a particular disease
im on od plz hurry
Background info-----You're a member of a small group that has been working on an important company project for the last year, and you have been assigned to give the final presentation. You really do not like giving presentations because of your stage fright, but you agree to make the visual aids and write a script for another group member who does not mind giving the actual talk.
Directions-----Write a five-minute presentation speech using the techniques and strategies you have learned, and make some visual aids to accompany the talk. You can make a PowerPoint or some charts or drawings, but whatever you do, make sure it follows the guidelines you have learned. Make sure that you can digitize your work so that you can send it to your other group members and to your teacher.
Answer:
this is my 5 minute presentation
Explanation:
i have learned how to communicate and how to better my self when working as a team when i am team leader it seams easier for me to controll my team because i do not boss them around harshly if they start to get verry wore out i also give them a talk to boost their motivation to get the job done quicker i feel like when i am out in the real world it will be a lot easier to lead a team the right way and get everything done with all the knolage i have recived i know if im messing around then the rest of my team is going to be messing around in order for my team to act right i have to act right so my team will follow all orders and commands when givin and they will not have any problem with these orders
Which of the following is not true for price-maker assumption: Applies to duopoly. Results in downward-sloping demand curve. Applies to monopolistic competition. Does not apply to any of the competitive market structures. Applies to market structures such as monopoly and oligopoly. Question 3 A firm will possibly have the highest market power in the following industry structure: Oligopoly. Perfect competition. Monopoly. Duopoly. Monopolistic competition.
Price-maker assumption refers to a scenario where a company or a firm enjoys the power to set the prices of its products and services in the market.
In other words, the price maker assumption means that the firm or a company can influence the market price by manipulating the supply or demand of the product not apply to any of the competitive market structures.
The given statement is not true for price-maker assumption. The market power of a firm refers to the ability of a company to influence the price and supply of goods or services. higher than the market prices to earn more profit.
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What is the difference between using an action button to play an audio file via 'play sound' and an audio clip set up through the Media Group?
Answer: The action button lets users play the audio file, the sound button will play an audio clip.
Explanation:
The action button lets users play the audio file once it is clicked or has a mouse over action over the assignment button. The sound button will play an audio clip that you have specified in the action settings dialog box.
One way that technology improves production is by helping manufacturers avoid creating waste by reducing the amount of packaging they use. This is referred to as ______.
The use of technology to reduce waste by reducing the packaging used by companies is known as Precycling.
What is precycling?Is a method of reducing waste. Works by targeting those things that might cause waste in the first place.Precycling means that instead of waiting for something to become waste, you reduce it before it gets a chance to. This is what reducing packaging does because that could become waste.
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The primary role of the human resource department of an organization is to
Answer:
Human Resources (HR) is concerned with the issues of managing people in the organisation. two men having a meeting The Human Resources department is responsible for many people related issues in an organisation. Under the HR department’s remit are the following roles: The process of recruiting suitable candidates for the organization Identifying and meeting the training needs of existing staff Ensuring employee welfare and employee relations are positive Ensure the working environment is safe for employees Raising awareness of current workplace legislation
Fixed-maturity interest-bearing deposits with face values over $100,000 that can be resold in the secondary market is called __
Fixed-maturity interest-bearing deposits with face values over $100,000 that can be resold in the secondary market are called negotiable certificates of deposit (NCDs). These financial instruments are issued by banks and other financial institutions.
NCDs have a predetermined maturity date and pay a fixed interest rate. The maturity period can range from a few weeks to several years, depending on the issuer's needs and market conditions. One of the key features of NCDs is their liquidity, as they can be easily bought and sold in the secondary market. This liquidity makes them an attractive investment option for investors seeking short-term investments with relatively low risk.
The secondary market for NCDs is quite active and well-developed, allowing investors to trade these instruments without significant impact on their prices. This market provides an exit route for investors who want to sell their NCDs before the maturity date or for those who want to buy NCDs with a shorter remaining maturity period.
Investing in NCDs can offer several benefits, including a relatively low-risk investment, a fixed income stream, and a higher interest rate compared to other short-term investment options such as savings accounts or money market funds. However, investors should be aware of the credit risk associated with the issuer of the NCD, as they are only as secure as the financial institution backing them.
In conclusion, negotiable certificates of deposit are fixed-maturity interest-bearing deposits with face values over $100,000 that can be resold in the secondary market. They provide investors with a liquid, low-risk investment option that offers a fixed income stream and higher interest rates than other short-term investments.
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this is for you so i dont feel bad
list at least three reasons why work-study programs could be a helpful way to help finance an education.
Three reasons why work-study programs could be a helpful way to help finance an education are it gives students employment to cover necessary costs so they won't be as dependent on their parents. It gives pupils employment opportunities as soon as they complete their college education. Programs for work-study might assist students in planning a flexible schedule.
The abilities that students can develop through a work-study program will have a significant impact on their success in the future. They can not only find employment that is related to their field of study, but they can also quickly acquire abilities that could otherwise take years to develop. While it is possible to find non-work study employment off campus, staying on or close to campus has its benefits, including networking opportunities, learning new skills in the bursar's office, and providing guided tours.
Additionally, the learned skills might be more in demand. It is crucial to develop one's abilities when working in such on-campus positions, particularly while doing labor like financial aid or conducting tours. Student success at work has an immediate influence.
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Money you pay up front to reduce the amount you will owe is called a
A. fixed loan
B. late payment
C. down payment
D. short-term loan
Answer:
down payment
Explanation:
A down payment is money paid upfront in a financial transaction, such as the purchase of a home or car. Buyers often take out loans to finance the remainder of the purchase price.
Answer:
down payment
Explanation: