1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Illusion [34]
3 years ago
12

My neighbor, martha, ran into my house crying and angry. "my car has been stolen!" she gasped. "i saw them take it!" i called th

e police for her, and she told an officer the license number and car model. "the (1) color of the car is brown," she added, "but it has a black roof. i had it parked in the lot adjacent to the beauty shop i own. i saw two men tow it away." "you saw them tow it away?" the officer asked. "have you (2) on your car loan?" "what do you mean?" martha asked. "if you haven't been making your payments, the bank or dealer has the right to (3) the car." martha admitted that she hadn't made any payments for three months. later she told me she'd gotten notices in the mail but threw them away because their language was too complicated to (4). she also said she was having money problems; she was about $12, 000 in debt. (5) with the car loan was a big home-improvement loan. she also had five credit-card bills and regular living expenses to pay. to top it all off, the city was suffering from a (6), so her income was down, something her laid-off employees could certainly attest to. at my suggestion, martha visited a debt counselor, who helped her develop a comprehensive plan to pay her bills. the only (7)s for this free service were a regular job and a willingness to pay one's debts in full. the counselor and martha planned what would (8) a reasonable budget, based on martha's income and expenses. they then wrote to the companies she owed to arrange to pay a (9) amount each month until the whole debt was paid. they also discussed what she would do in several (10) situations, such as if her refrigerator died or her income changed. now, martha is getting back on her feet again—in more ways than one, since she never got the car back.
Business
1 answer:
victus00 [196]3 years ago
3 0
This is an unfortunate financial situation that Martha experienced. Her car with a brown (1.body) and black roof color was stolen. She then called the police to  have it blotter. The police asked her if she has (2.paid ) her loan since the bank or dealer has a right to (3. confiscate). She confessed that she was unable to pay her duties because the written language was too complicated to (4.understand). A big home-improvement loan is also (5. along) with the car loan. It's difficult for her to pay since the city is suffering from (6.financial crisis). So, she consulted a debt counselor and have the service for free and come up with the(7.options) of having a regular job or pay willingly in full. They both made up a plan that would (8.constitute) a comprehensive budget. Finally, she made a promised to pay (9.small) amount each month to companies she's indebted. They've also talked about comprehensive actions to take when she's facing a (10.similar) scenarios again.
You might be interested in
David is buying a new car for $21,349.00. He plans to make a down payment of $3,000.00. If he's to
marshall27 [118]

Answer: (D) 5.90%

Explanation: David is going to buy a new car at $21,349.

The down payment is $3,000.

Loan amount (Present value) = $21,349 - $3,000

Loan amount (Present Value) = $18,349

Installment amount (pmt) = $352

As the payment is made monthly (12 months in a year),

Number of payments = 5 * 12

Number of payments = 60

Using the rate option in excel,

=rate(nper,pmt,-pv,fv,type)

Insert the variables into the option, we get

=rate(60,352,-18349)

By inserting the above formula in excel we get,

Rate = 0.47%

Rate of 0.47% is monthly, to get APR

APR = (1+monthly rate)^12 - 1

APR = (1+0.0047)^12 - 1

APR = (1.0047)^12 -1

APR = 1.0586 - 1

APR = 0.0586

APR = 5.86% or 5.90%

Therefore the correct option is 5.90%.



8 0
2 years ago
Should students who get in fights pay a find? <br><br> A rule at my school
vodka [1.7K]

no because what if the other person started it you wont know who started it unless the confess the person that starteed it should be fined

5 0
3 years ago
Read 2 more answers
What is scarcity, as a term used in economics? What is an every day example of scarcity that demonstrates why scarcity is a basi
kirill115 [55]

Answer:

Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. ... Any resource that has a non-zero cost to consume is scarce to some degree, but what matters in practice is relative scarcity

Scarcity dictates that economic decisions must be made regularly in order to manage the availability of resources to meet human needs. Some examples of scarcity include: The gasoline shortage in the 1970's. ... Coal is used to create energy; the limited amount of this resource that can be mined is an example of scarcity.

Explanation:

HOPE it helps

5 0
3 years ago
We know that the longer a person saves, the more time their savings have to compound and grow. Given that fact, why do you think
vivado [14]

Answer:

The illusion of time

Explanation:

This is because younger people think that they have time to save up later; that if they spend now, they can always make up for it later. On the other hand, older people know that they don't have much time (comparatively) to save money as they did before, so saving money becomes a bigger deal for them.

5 0
2 years ago
U.S. based Majestic Co. sells products to U.S. consumers and purchases all of materials from U.S. suppliers. Its main competitor
lakkis [162]

Answer:

Economic exposure.

Explanation:

Economic exposure is also known as operating exporter is known as a phenomenon where a business's cash flow is affected by currency rate fluctuations. It occurs over the long term and affects product value.

Businesses protect themselves from economic exposure by operational strategies mostly through diversification, and currency risk mitigation strategies.

In this instance Majestic Co a United States company has a competitor in Belgium and so tend to be affected by foreign exchange fluctuations of the dollar to Belgium currency.

3 0
3 years ago
Read 2 more answers
Other questions:
  • Malcolm is part of a team developing a new smartphone app to track traffic patterns. Because team members are located throughout
    8·1 answer
  • Project managers are ultimately responsible for quality management on their projects.
    14·1 answer
  • In the expression of formulas, the products are obtained from the __________;and essence "change partners" – that is plus to ___
    6·1 answer
  • Dyed-Denim Corporation is seeking to lower the costs of value creation and achieve a low-cost position. As a result, it plans to
    7·1 answer
  • Integrating the information streams produced by a firm into a single, coherent enterprise-wide set of data, and then using model
    6·1 answer
  • Suppose that as a result of a housing price​ decline, the value of the​ bank's securitized assets falls by an uncertain​ amount,
    10·1 answer
  • Imagine you've just gotten the first glimpse at your upcoming report card or transcript. 1. What are your steps for reviewing it
    12·1 answer
  • Select all that apply On December 1, Christy Co. accepted a 60-day, 6%, $1,000 note due January 30. On December 31, the appropri
    14·1 answer
  • Which franchise model legally obligates a franchisee to replicate all aspects of the franchisor’s business?
    5·1 answer
  • Kraus Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!