Granfield Company has a piece of manufacturing equipment with a book value of $47,500 and a remaining useful life of four years. At the end of the four years the equipment will have a zero-salvage value. Granfield can purchase new equipment for $165,000 and receive $28,000 in return for trading in its current equipment. The current equipment has variable manufacturing costs of $54,000 per year. The new equipment will reduce variable manufacturing costs by $26,500 per year over its four-year life. The total increase or decrease in income by replacing the current equipment with the new equipment is:

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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