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3 years ago

When asked "How much should I borrow in student loans?" the CFPB (Consumer Financial Protection Bureau) said this

1 answer:

8 0

Only take what you need because if you take too much you won't know what to do with it. Also if you only take what you need it will be easier to pay back later. win/win

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On December 31, 2015, Peligrino Co. has a long term note payable of $800,000. Of that balance, $100,000 will be paid within one

Studentka2010 [4]

Answer:

$700,000

Explanation:

The portion of the long term note payable that is due within one year must be reported as current portion of long term debt (CPLTD) and must be included under current assets. In this case, the current portion of the long term debt is $100,000, so the portion that must be reported as long term debt is $800,000 - $100,000 = $700,000.

3 0

3 years ago

Do the Math 3-3 Ratio Analyses Use the following balance sheet and cash flow statement information to answer the questions below

LUCKY_DIMON [66]

Answer:

Liquidity Ratio = 3.33

Asset to Debt ratio = 1.94

Debt to Income ratio = 95.57%

Debt Payments to disposable income = 36.76%

Investment assets to total assets = 23.51%

Explanation:

Liquidity Ratio = [ Liquid Assets ] ÷ [ Short Term Debt ]

= $14,000 ÷ $4,200

= 3.33

Asset to Debt ratio = [ Total Assets ] ÷ [ Total debt ]

= $319,000 ÷ $164,200

= 1.94

Debt to Income ratio = [ Total Debt ] ÷ [ (Gross Income + Disposable income -expenses) ]

= $164,000 ÷ [ ($13,000 + $6800 - $5500) × 12 ]

= 0.9557 or 0.9557 × 100% = 95.57%

Debt Payments to disposable income

= [ Long term debt payment + short term debt payment ] ÷ [ Disposable income ]

= [ $2,200 + $300 ] ÷ $6,800

= 0.3676 = 36.76%

Investment assets to total assets

= $75,000 ÷ $319,000

= 0.2351 = 23.51%

4 0

3 years ago

A corporation issued 8% bonds with a par value of $1,000,000, receiving a $20,000 premium. On the interest date 5 years later, a

Mrac [35]

Answer:

$22,000 gain.

Explanation:

Please see attachment

3 0

3 years ago

Joe is reviewing secondary data his company collected about seasonal variation in consumer spending because he is thinking about

Rainbow [258]

They are fast easy and cheaper, but offer less control and customisability.

4 0

4 years ago

Key practices in the partnering approach to managing contracted relationships include ch12 Select one:_______a. Structured commu

slava [35]

Answer:

The correct answer is access to each other's organisational resources

Explanation:

There are numerous aspects of partnering approach in managing relationship. The significant advantage of this approach is that it helps to create an environment in which two parties can work along and start a healthy relationship where they can easily access organisational resources of each other. This approach helps firms and organisations to grow.

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4 years ago