(0.5 points) Use Credit Wisely 2. Name at least one alternate option to establishing credit if you are unable to get a credit card yet. (0.5 points) Secured Credit 3. What is debt services default? (0.5 points) Is the failure to make a payment, such as a scheduled mortgage payment or the finance charge on a credit card 4.
(0.5 points) Opening a bank account 2. Name at least one alternate option to establishing credit if you are unable to get a credit card yet. (0.5 points) Getting a department store or gas card 3. What is debt services default? (0.5 points) its the failure to make a payment.
c. Within the net amount of installment accounts receivable. d. As an addition to the related installment accounts receivable. 3. Durler Company's account balances at December 31 for Accounts Receivable and the related Allowance for Doubtful Accounts are $800,000 and $13,000, respectively. From an analysis of accounts receivable, it is estimated that $28,000 of the December 31 receivables will be uncollectible.
4) Which of the following would be considered a savings alternative? A. checking account B. a NOW account C. certificate of deposit D. a debit card 5) Which of the following formulas is used to calculate personal net worth? A. Total Assets + Total Debts B. Total Assets - Total Debts C. Total Debts - Total Assets D. Liabilities - Unpaid Bills 6) According to the text, how long should you keep utility bills?
Midterm 1) FP/101 What term is used to describe people beginning to spend their wealth in their retirement years? A. disposing B. deferring C. distributing D. decumulating 2) Which of the following would be considered a savings alternative? A. a debit card B. checking account C. certificate of deposit D. a NOW account 3) Which of the following is not included in a typical financial plan? A. A fund for financial emergencies B.
13.7 What are the major uses of funds for a bank? What are the differences between large and small banks? Explain the difference. Once raised, the funds are used for issuing loans which are contracts between a borrower and the bank and represent an ongoing relationship between the bank and the customer or purchasing investments. And, the differences between large and small banks are that large banks focus on commercial and industrial loans otherwise, small banks focus on real estate loans.
Democrats pushed for riskier mortgage lending, in an ef-fort to expand home ownership. But surely the bulk of the blame lies with the policy makers and regulators who were on duty while the housing bubble inflated and Wall Street went wild— the Bush administration and Alan Greenspan’s Federal Reserve Futures Modernization Act clearly did contribute to the current crisis. While a proponent of deregulation, I do believe that busi-nesses, like people, need rules to live by. If you give our child an inch they will take a mile. Peo-ple are people and while most are good we all know that there are those who will take advantage of others if they can.
The meaning and implications of using FIFO, LIFO, and weighted average cost-flow assumptions. 6. How to calculate depreciation using the straight-line method. 7. The journal entry for the issuance of bonds (at par, discount, or premium) and for the issuance of stock (at par or above par).
Assignment 3: Banking (16.0 points) 1. Visit the website of a large national bank, regional bank, or credit union, and use the information you find there to answer the questions below. EXAMPLE: Some large banks you might consider include Bank of America®, JPMorgan Chase®, Wells Fargo®, Citibank®, and U.S. Bank®. a. What is the name of the bank or credit union?
For two main reasons First, People cannot control their spending habits. But most importantly, Americans think the buy now and pay later idea is a good one and do not know the real dangers of credit cards. Hopefully in the future people will realize how to manage credit cards and we can get out of this credit card