Tara Is Enrolled for Spring Semester at College

question 61

Multiple Choice

Tara is enrolled for spring semester at college.The tuition is $6,000 but she has a scholarship for $1,000 as well as a work study grant of $1,500.The health fees and student activity fees are $150 for the semester.What is the actual price Tara is paying for the spring semester?

• A)$2,500
• B)$2,650
• C)$3,650
• D)$5,150
• E)$6,150

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Definitions:

Short-Term Notes Payable

Short-duration loans evidenced by promissory notes that a company must pay within a year or within its operating cycle, whichever is longer.