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3 years ago

1. All of the following are good financial savings strategies EXCEPT ___. (1 point)

1 answer:

4 0

All of the following are good financial savings strategies EXCEPT "saving for an emergency fund, then paying off credit debt".

Option: B

Explanation:

An effective financial system can encourage savings by offering simple and convenient exposure to suitable savings tools provided at reasonable price by high-quality, reputable institutions. The emergency funds through your earning years can be extremely valuable, if you lose your job or are unable to work due to a temporary injury or after retirement, so you need cash to cover your regular bills.

Here saving for emergency fund, then paying off credit card is blunder idea, because interest rate may become huge load, and if not paid and simultaneously retirement or any tragedy take place which donot permit to continue job than there will be burden from two sides i.e paying regular bills and credit card's principal amount with interest.

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Mike worked for Frank's Pizza as a driver. His duties consisted of making deliveries along a designated route. One day Mike deci

hram777 [196]

Answer:

Frolic

Explanation:

According to the given situation, Mike is a driver of Frank Pizza. He used to deliver pizzas with designated route. Mike wanted to meet with her girlfriend who is living 50 miles out of the route of pizza. Mike injured a pedestrian, Chuck, while driving towards his girlfriend's. The accident was caused as a result of Mike's incompetent delivery truck service. Now chuck is trying to claim from Mile as well as Frank Pizza company.

Here, Frank pizza is not responsible as mike was frolic of his own. Mike was frolic as he want to meet his girlfriend which does not come to his duties.

Therefore, It will also clear his employer of any responsibility, since he at the time was not operating on the route designated.

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4 years ago

How is an online bank different from a retail bank? A. Online bank and retail bank refer to the same entity, so there is no diff

kramer

Answer:

B. An online bank has lower operating costs than a retail bank

8 0

4 years ago

Read 2 more answers

On a piece of paper or on a device with a touch screen, hand write the solution to the following problem. Then photograph or sav

aleksandr82 [10.1K]

Answer:

The difference in monthly payment is:

= $2,098.18.

Explanation:

a) Data and Calculations:

Cost of the Mortgage House = $1,000,000

Down payment = $200,000 or 20%

Mortgage interest rate = 4%

Period of Mortgage amortization = 30 or 15

From an online financial calculator:

Monthly Pay: $3,819.32

House Price $1,000,000.00

Loan Amount $800,000.00

Down Payment $200,000.00

Total of 360 Mortgage Payments $1,374,956.05

Total Interest $574,956.05

Mortgage Payoff Date Apr. 2051

Monthly Pay: $5,917.50

House Price $1,000,000.00

Loan Amount $800,000.00

Down Payment $200,000.00

Total of 180 Mortgage Payments $1,065,150.61

Total Interest $265,150.61

Mortgage Payoff Date Apr. 2036

Monthly payment for 15 years = $5,917.50

Monthly payment for 30 years = 3,819.32

Difference in monthly payment = $2,098.18

6 0

3 years ago

Which of the following is a skill? A. Sitting B. Hearing C. Dancing O D. Talking

-Dominant- [34]

C, Dancing. Have a good rest of your day!!

5 0

3 years ago

Read 2 more answers

he following information was taken from the 2018 financial statements of Jenny Gardner Corporation: Inventory, January 1, 2018 $

Volgvan

Answer:

$770,000

Explanation:

Purchase = Ending inventory +Cost of goods sold- Beginning inventory Purchased

= $240,000+$800,000-$180,000= $860,000

Cash paid to suppliers = Beginning AP+ Purchased -Ending AP Cash Payments

= $150,000+$860,000-$240,000 =

$770,000

Therefore the amount that Jenny Gardner should report as cash payments to suppliers is $770,000

4 0

3 years ago