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
bazaltina [42]
3 years ago
5

Susan participates in a Section 403(b) plan at work that includes loan provisions. Susan has recently enrolled in college and ha

s inquired about the possible consequences of borrowing from the Section 403(b) plan to help pay for her education. As her financial planner, what is your advice to her?
Business
1 answer:
stiks02 [169]3 years ago
8 0

Answer:

Susan qualifies for the loan under section 403(b) plan at work. However, this loan should be well negotiated as regards repayment of the interest elements and the principal.

Explanation:

When a loan is taken up, one has invariably taken up the pledge to repay the Principal component and the Interest element. At the point of funding the loan, a good and favorable interest rate should be well negotiated. As an active employee, the repayment is taken from the monthly pay, after the deduction of statutory tax payment.

It must be advised that Susan should pursue the intention of applying for the loan with utmost faithfulness, as a deviation from this will be frowned upon. Such loan are not to be invested and/or diverted for other purposes.

Susan should properly understand the attending obligation before her - the repayment of principal and interest within the agreed period of time. A default is not advised as this comes with a penalties. The entirety of the loan may be treated as an income, and subsequently taxed in same breath. Plus other penalties.

You might be interested in
An analyst in the corporate finance department at Chase Manhattan Bank has been assigned to an interdepartmental project involvi
marissa [1.9K]

This sort of organizational structure is called a matrix structure.

<u>Explanation:</u>

The representation of a corporation in which monitoring interactions are defined as a grid, or matrix, instead of in conventional hierarchies is understood as a matrix organizational framework. In another terms, workers have multiple responsibilities to report-usually both to a functional boss and to a manager of commodity. Here analyst at Chase Manhattan Bank's corporate finance division has been allocated to an interdepartmental project involving a large client. Thus he need to answer two separate bosses from his department and project manager.

5 0
2 years ago
If the month-end bank statement shows a balance of $72,000, outstanding checks are $54,000, a deposit of $15,000 was in transit
barxatty [35]

Answer:

The correct answer was supposed to be $36,000 which is not in the given choices.

Explanation:

correct balance in the bank account

= As per bank statement balance - outstanding checks  + deposit in transit  + check erroneously charged  

= $72,000 - $54,000 + $15,000 +  $3,000

= $36,000

5 0
3 years ago
Suppose that consumers would like to purchase 10 million dvds but only 5 million are available. in order for the market to coord
slavikrds [6]

Answer: in the given hypothetical statement above in order for the market to coordinate the demand and supply for dvds, the price of dvds will have to increase. When the price of dvds increase the supply will increase too, because the suppliers will now have a greater profit margin than before. On the other hand, the demand will decrease because of the higher prices and in this way the demand and supply curves will reach an equilibrium.

5 0
2 years ago
What is the difference between federal and private loans.
MArishka [77]

Answer:

federal loans are provided by the government and private loans are provided by banks, credit unions, and other financial institutions.

Explanation:

3 0
2 years ago
The pricing function is an integral part of the companies :
ozzi

Answer:

Yes

Explanation:

Pricing plays an essential role for a product and organisation. At a very basic level, an organisation exists to make profit. A price must cover the cost of a good sold.

Pricing also plays a role in the perception of a product (marketing mix). For example, an Apple product is not cheap because of some perceived value of the product.

Another reason why pricing is integral is in times of competition, it may be worthwhile to use price to take market share from competitors.

8 0
3 years ago
Other questions:
  • Manufacturing output in the u.s. continues to increase. the high unemployment of skilled workers who previously worked in the ma
    7·1 answer
  • Which is an example of a withholding you might see on your paystub.
    10·1 answer
  • Each employee or customer who uses a computer in a large business is which kind of user?
    5·1 answer
  • The unemployment rate may underestimate the true extent of unemployment if:
    9·1 answer
  • The following information is available for Baxter Manufacturing for April:
    12·1 answer
  • FedEx Corporation and United Parcel Service, Inc. compete in the package delivery business. The major fixed assets for each busi
    9·1 answer
  • WILL GIVE BRAINLIST it wont let me add the question so theres a screenshot ASAP
    5·2 answers
  • Do you agree with the idea of NBA teams requiring fans to place deposits for season tickets for the following year? What about t
    14·1 answer
  • while calculating the coefficient of correlation between two variables x and y, the following results were obtained: n=25,
    8·1 answer
  • Allicyn is building a development dashboard. She discovers she needs to have more focus on factors that explain why certain deci
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!