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Alex777 [14]
3 years ago
6

Does it make sense for ethan to take a year off of school to raise the money?

Business
2 answers:
xz_007 [3.2K]3 years ago
7 0

Answer:

YES

Explanation:

taking a year off school means deferring school for a year and this is very necessary in situations where the student might not be able to meet up with the obligations associated with school either Financial or Academically.

As with Ethan's case he is about to take a year off to raise money for himself and probably to raise fees to pay his tuition and other bills like buying of textbooks and accommodation and association dues.

Taking a loan to finance his education is also an alternative that he should have considered but the cost of servicing a loan is much more expensive than taking a year off to raise the required money himself.

Vinvika [58]3 years ago
4 0
I would argue yes, you don’t want to borrow a loan because then they still charging fees if you don’t pay monthly. Taking a year of to earn money for school and not having to loan money is a great idea.
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Yuliya22 [10]

This example shows that <u>economic boom periods can overheat and lead to speculative bubbles.</u>

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<h3><u>A Speculative Bubble: What Is It?</u></h3>

A speculative bubble is characterized by a rapid, dramatic price increase that is driven more by market momentum and mood than by underlying fundamentals.

Fundamentals like significant profit growth or hopes of future market dominance at first fuel the speculation, but these fundamentals are eventually overtaken by other factors that don't reflect the real value of the company or industry.

Prices rise when investors rush to buy, thinking that prices will rise further and that if they don't buy, an opportunity will pass them by.

Fundamentals eventually overtake momentum, the bubble bursts, the stock tanks, and prices fall back to their pre-bubble levels.

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6 0
2 years ago
Which of the following is not typically considered a function of financial intermediaries?
AURORKA [14]

Answer: The correct answer is "B".

"B. Investing in real assets" is<u> NOT</u> typically considered a function of financial intermediaries.

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7 0
3 years ago
Which are the most likely uses of capital invested in a business?
Oksanka [162]

Answer:

B. hiring workers  

D. producing goods  

E. distributing goods  

F. buying materials

Explanation:

7 0
3 years ago
Which feature prevents a company from uilizing the private assets of its shareholders for the payment of its leabiities?​
-Dominant- [34]

Answer: Limited Liability

Explanation: Business owners' liability for debts is restricted to the amount they put into the business.

3 0
3 years ago
The balance in Accounts Receivable at the beginning of the year was $ 550 comma 000. The balance in Accounts Receivable at the e
mina [271]

Answer:

$3,400,000

Explanation:

The computation of the credit sales is shown below:

As we know that

Closing balance of  accounts receivables = Opening balance of  accounts receivables + Credit Sales - Bad debts written off - Cash collected from credit customers

$750,000 = $550,000 + credit sales - $460,000 - $4,060,000

$750,000 = $4,150,000 + credit sales

So, the credit sales is

= $4,150,000 - $750,000

= $3,400,000

Simply we applied the above formula

5 0
3 years ago
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