3. Corey is a talented singer and often has the lead in school plays. His mom is a single parent with limited resources, and Corey wants to stay close by if he goes to
college. His mom wants him to go to trade school, but Corey would like to study
acting. Corey wonders if he can afford postsecondary education. Identify three types
of financial aid that might be available to Corey. What other alternatives would you
suggest Corey pursue in order to finance his education? (8 points)

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.