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Vesna [10]
4 years ago
11

Kyle tells you that he wants to borrow the maximum amount of available loan money to buy his kids new shoes and go on a vacation

to hawaii. describe at least two repercussions of poor financial planning and taking out more loan money for school than needed.
Business
1 answer:
Marat540 [252]4 years ago
8 0
Taken loan must be repaid. So before taking the loan amount a person should plan properly. Kyle needs money to buy shoes for his kids as well as for the vacation. But he also needed the loan for his further studies.  In that case he will face difficulties in repaying as well as in completing his studies. For this lack of good financial planning he would have problems in 1.Repaying the loan amount 2. continuing his studies further.



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Which best describes an investor’s primary goal?
tigry1 [53]
An investors primary goal is to make money. More specifically, money that is greater than the sum amount initially invested.
9 0
3 years ago
Read 2 more answers
An examination of the reasons given by people willing to accept the risks of entrepreneurship indicates that: A)the desire to ea
Mariana [72]

Answer:

B)many people become entrepreneurs because they do not enjoy working for someone else.

Explanation:

The examination of the reasons provided by the people who wants to accept the entrepreneurship risk as here most of the people become entrepreneurs but at the same time they dont enjoy working for someone else as they wabt to work for themselves not for someone else

Therefore as per the given situation, the option b is correct

6 0
3 years ago
Jim and Lisa are buying their first home together. The purchase price is $157,500.00 and they are putting a 20 percent down paym
Fantom [35]

Answer: D. $90,518.40

Explanation:

They are putting a 20% down payment on the home which means they are paying 80%;

= 80% * 157,500

= $126,000

First find the monthly payments;

Present value = Payment * ((1 - (1 + r)^-n) / r)

n= 20 * 12 = 240 months

r = 6/12 = 0.5%

126,000 = Payment * (( 1 - ( 1 + 0.5%)⁻²⁴⁰) / 0.5%)

126,000 = Payment * 139.58077168292915831291691663652‬

Payment = 126,000/139.58077168292915831291691663652‬

Payment = $902.70313

They'll pay that for 240 months;

= 902.70313 * 240

= $216,648.7512

Interest = 216,648.7512 - 126,000

= $90,648.7512‬

= $90,648.75

<em>Closest answer is D. </em>

3 0
3 years ago
Fillmore Industries is a vertically integrated firm with several divisions that operate as decentralized profit centers. Fillmor
Fittoniya [83]

Answer:

Fillmore Industries

Fillmore's Systems Division

1. Minimum and Maximum Transfer Prices:

                                PCB      Transistor

Minimum transfer

price                  $12.00      $3.45

Maximum transfer

price                  $12.09      $3.58

2. Yes. The Transistor Division can meet this price.  It can sell at $2.60 (Variable cost plus markup) by eliminating the fixed cost, which is not a relevant cost.

3. A transfer price of $11 reduces the profitability of the Transistor Division while it increases the profitability of the other division.  The transfer price should be a market-competitively determined price to encourage efficiency in the divisions.

Explanation:

a) Data and Calculations:

                                PCB      Transistor

Direct materials      1,85          0,40

Direct labor            4,20          0,90

Variable overhead 2,40          0,70

Fixed overhead     0,85          0,75

Total Cost              9,30          2,75

Marked up Price $12.09      $3.58

Minimum transfer

price                  $12.00      $3.45

Maximum transfer

price                  $12.09      $3.58

Market price       $12.00     $3.45

5 0
3 years ago
What is true about taxes?
Romashka [77]
The answer is b because that’s how the government get paid.
3 0
3 years ago
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