What is the total balance of Jessie Robinson's revolving account? (0.5 points) $500 c. Has Jessie Robinson ever applied for bankruptcy? (0.5 points) No, Jessie Robinson never applied for bankruptcy d. How many creditors have made inquiries about Jessie Robinson's credit? (0.5 points) 3 creditors have made inquiries about Jessie Robinson's credit. e. Do you think Jessie Robinson usually pays bills on time and in full?
4) In 2013, Sarah loans Seymour $5,000 for his use in establishing his business. As Seymour has no other assets and needs cash to establish the business, the loan agreement provides that Seymour will repay the $5,000 debt to Sarah with interest at the prevailing rate over a
It's designed to predict risk, specifically, the likelihood that you will become seriously delinquent on your credit obligations in the 24 months after scoring. 3. What is installment credit? (0.5 points) Installment credit is a loan repaid with interest in equal periodic payments. 4.
The significant points are that they need to save a lot, and they need to save it efficiently. They should use tax deferral as much as possible, and tax splitting, since Carmina has less income and will have lower CPP and direct savings. Step 5: List the feasible alternatives and
Law and Analysis The taxpayer relief act of 1997 exempted from taxation the profits on the sale of a personal residence of up to $500,000 for married couples filing jointly and $250,000 for singles. This exemption applies to residences the taxpayer(s) lived in for at least two years over the last five. Taxpayers can only claim the exemption once every two years Under § 1.121-1 Exclusion of gain from sale of principle residence of the Internal Revenue Code, the sale of the home of Mr. Junkiewicz and his wife in 2013 is not a taxable transaction as
2.0 points) I would prefer a savings account that offered compound interest. As time passes, even if no deposits are made to the account the amount sitting in there can just keep gaining more and more interest. It does so at a faster rate than an account offered with simple interest so this seems much more appealing. 4. If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding?
Without setting a cash budget for example, spending five dollars a day on lunch seems fairly reasonable. However, upon setting a cash budget to account for regular annual cash expenditures, this seemingly small daily expenditure comes out to $100 a month which may be better spent on other things. 3) What are the five basic principles of cash management that a company can follow in order to improve its chances of having adequate cash? 1- Increase the speed of receivables collection; by lowering the average collection period for funds, you will have more money to use for operations or investing. 2- Keep inventory levels low; maintaining the proper levels of
The student’s decision saves $811,249 by the first quarter that is well over target. This reduces the working capital shortfall and enables EHC to increase patient volume. The next decision to make is to decide between two loan options. The student selects loan option two that has a six-month total interest payment of $53,873 over option one that has a six-month total interest for $56, 589. Option two is the choice because the $2,716 savings difference in total interest from option two outweighs the $1,043 in interest savings from option one.
4) In 2013, Sarah loans Seymour $5,000 for his use in establishing his business. As Seymour has no other assets and needs cash to establish the business, the loan agreement provides that Seymour will repay the $5,000 debt to Sarah with interest at the prevailing rate over a
2.0 points) I would rather have a savings account that offered compound interest. I would choose compound interest because it speeds up the process of building up interest. Simple interest slowly grows, while compound interest is fast. 4. If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding?