Questions
Write a class FinancialAidApplicant which describes an applicant for financial aid and will be used by...

Write a class FinancialAidApplicant which describes an applicant for financial aid and will be used by a financial aid officer.

Qualification is based on annual household income and the number of people in the household. If the household income is less than $20,000, the applicant automatically qualifies regardless of how few people are in the household. If the household income is at least $20,000 but at most $60,000 and there are 4 or more people in the household, the applicant qualifies. If the household income is more than $60,000 but at most $150,000 and there are 6 or more people in the household, the applicant qualifies. For all other cases, the applicant does not qualify.

A tester program is provided to you in Codecheck, but there is no starter code for class FinancialAidApplicant.

You should declare static constants for the numbers mentioned above.

The class has a constructor that takes a String, a double, and an int as parameters

public FinancialAidApplicant(String name, double income, int numberOfPeople)

It also has four methods:

• public String getName() Gets the applicant's name.

• public void setNumberOfPeopleInHousehold(int people) Sets number of people in the household

• public void setHouseholdIncome(double income) Sets a new household income

• public boolean qualifies() Returns true if the applicant qualifies and false

Method qualifies should have one if-else if-else statement instead of multiple if statements.

Code check:

public class FinancialAidApplicantTester
{
   public static void main(String[] args)
   {
       FinancialAidApplicant applicant =
          new FinancialAidApplicant("Joe Programmer",19999, 1);
         
       System.out.printf("The name of the applicant: %s.%n", applicant.getName());
       System.out.println("Expected: The name of the applicant: Joe Programmer.");

       System.out.println(applicant.qualifies());
       System.out.println("Expected: true");
       
       applicant.setHouseholdIncome(20000);
       applicant.setNumberOfPeopleInHousehold(3);
       System.out.println(applicant.qualifies());
       System.out.println("Expected: false");
       
       applicant.setNumberOfPeopleInHousehold(4);
       System.out.println(applicant.qualifies());
       System.out.println("Expected: true");

       applicant.setHouseholdIncome(60000);
       applicant.setNumberOfPeopleInHousehold(4);
       System.out.println(applicant.qualifies());
       System.out.println("Expected: true");
       
       applicant.setNumberOfPeopleInHousehold(3);
       System.out.println(applicant.qualifies());
       System.out.println("Expected: false");
       
       applicant.setHouseholdIncome(60001);
       applicant.setNumberOfPeopleInHousehold(6);
       System.out.println(applicant.qualifies());
       System.out.println("Expected: true");
       
       applicant.setNumberOfPeopleInHousehold(5);
       System.out.println(applicant.qualifies());
       System.out.println("Expected: false");
       
       applicant.setHouseholdIncome(150000);
       applicant.setNumberOfPeopleInHousehold(6);
       System.out.println(applicant.qualifies());
       System.out.println("Expected: true");
       
       applicant =
          new FinancialAidApplicant("Mary Rowe",150001, 10);
 
       System.out.printf("The name of the applicant: %s.%n", applicant.getName());
       System.out.println("Expected: The name of the applicant: Mary Rowe.");

       System.out.println(applicant.qualifies());
       System.out.println("Expected: false");
   }
}

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Given the following information about a closed economy, what is the level of investment spending and national saving, and what is the budget balance?

Given the following information about a closed economy, what is the level of investment spending and national saving, and what is the budget balance? There are no government transfers.

GDP: $1,000 million T=$50 million

C=$850 million G=$100 million


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Select one:

a. Open-end mutual funds

b. Closed-end mutual funds

c. Superannuation guarantee funds

d. Exchange-traded funds (ETFs)

e. Index funds

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A company that reupholsters furniture in fabric and style selected by the owner of the piece...

A company that reupholsters furniture in fabric and style selected by the owner of the piece of furniture is more than likely an example of a:

A. process manufacturer

B. job shop

C. closed shop

D. fixed-position layout

E. continuous production facility

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1. In the lowe left corner of the Excel 2010 window. What does blue square icon...

1. In the lowe left corner of the Excel 2010 window. What does blue square icon in the status bar ( outlined in red) indicates?

a. It means that sheets is in ready mode

b. it means that current shape fill color is blue

c. It's the stop button for the macro that is currently being recorded.

d. It means that the current workbook is open in protected mode

e. It means that Excel is currently refreshing local data from the external data sources.

2. Excel backstage allows you to do many workbook related activities such as opening, savings, setting permissions, printing and sharing. Which of the following is not a tab available in the backstage?

a. print

b. share

c. help

d. Info

e. Permissions

3. Bellow top right corner of the Excel 2010 window, what is the purpose of the small button ( outilned in red) that appears right above the vertical scrollbar?

a. It splits the window vertically

b. It locks the verical scrollbar

c. It hides the vertical scroolbar

d. It freezes the panes around the current cell.

e. It enables synchronous scrolling

4. What value will be returned by formula bellow?

=SUM (IF FREQUENCY A1:A9, A1:A9) > 0, 1))

NAMES: A1=33 , B3=48, B6=48, B8=25, B9=33

a. 3

b. 9

c.8

d. #Value

e.#Name

5. The figure bellow shows the excel's name box (A1). Which of the following common functions can Name Box help you with?

Select all answers that apply

a. Show the selected cell address when only one cell is selected

b. show the selected range address when multiple cells are selected.

c. Show the selection size in R x C format during the selection

d. Show a drop-down list of the available defined names

e. Select the corresponding range when a defined name is selecetd from the drop-down list

6. Excel 2010 allows you to apply 3D Format and surface material to both chart are and individual series. Which of the following materials are available in the list of the standard materials in Excel 2010?

Select all answers that apply

a. Plastic

b. wood

c. Matte

d. Charcoal

e. Metal

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The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years...

The comparative statements of Wahlberg Company are presented here.

Wahlberg Company
Income Statement
For the Years Ended December 31

2020

2019

Net sales $1,813,300 $1,745,300
Cost of goods sold 1,010,100 994,000
Gross profit 803,200 751,300
Selling and administrative expenses 512,200 481,600
Income from operations 291,000 269,700
Other expenses and losses
   Interest expense 18,700 14,000
Income before income taxes 272,300 255,700
Income tax expense 82,022 77,800
Net income $ 190,278 $ 177,900

Wahlberg Company
Balance Sheets
December 31

Assets

2020

2019

Current assets
    Cash $59,500 $64,500
    Debt investments (short-term) 70,800 50,500
    Accounts receivable 117,900 101,500
    Inventory 123,000 115,600
      Total current assets 371,200 332,100
Plant assets (net) 600,700 516,300
Total assets $971,900 $848,400

Liabilities and Stockholders’ Equity

Current liabilities
    Accounts payable $159,000 $144,100
    Income taxes payable 42,200 41,200
      Total current liabilities 201,200 185,300
Bonds payable 220,000 200,000
      Total liabilities 421,200 385,300
Stockholders’ equity
    Common stock ($5 par) 276,800 299,800
    Retained earnings 273,900 163,300
      Total stockholders’ equity 550,700 463,100
Total liabilities and stockholders’ equity $971,900 $848,400


All sales were on account. Net cash provided by operating activities for 2020 was $216,000. Capital expenditures were $132,000, and cash dividends were $79,678.

Compute the following ratios for 2020. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 1.65:1, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.)

(a) Earnings per share $
(b) Return on common stockholders’ equity %
(c) Return on assets %
(d) Current ratio :1
(e) Accounts receivable turnover times
(f) Average collection period days
(g) Inventory turnover times
(h) Days in inventory days
(i) Times interest earned times
(j) Asset turnover times
(k) Debt to assets ratio %
(l) Free cash flow $

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