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valentinak56 [21]
3 years ago
5

If you are falling behind on your student loan payments, which of the following steps should you take to avoid default?

Business
2 answers:
larisa86 [58]3 years ago
7 0
The correct answer among all the other choices is "Contact your lender." If you are falling behind on your student loan payments, this is the step you should take to avoid default. Thank you for posting your question. I hope this answer helped you. Let me know if you need more help. 
Alina [70]3 years ago
6 0

If you are falling behind on your student loan payments, Contact your lender should you take to avoid default.

Further Explanation:

lender do:

The job of a home loan moneylender is to loan cash for purchasing property. The moneylenders can be banks, credit associations or private individuals. They don't loan individuals cash yet rather secure or purchase contracts from home loan moneylenders, in this way renewing their income and empowering them to keep on giving advances to other people.  

Transfer your balance to a credit card:

An equalization move is the point at which you pay off the parities on existing Visas or advances by moving them to another charge card account. (Sometimes, you might be charged an expense to finish the equalization move regularly a level of the exchange balance. Progressively about  that later.  

Filing for bankruptcy:

Filing for bankruptcy protection is a lawful procedure that either diminishes, rebuilds or disposes of your obligations. Petitioning for financial protection with a court is the initial step. You can fileon your own or you can document with an attorney.Bankruptcy expenses incorporate lawyer charges and filingfees.  

You cannot default on student loans:

In the event that you don't make any installments on your government understudy advances for 270-360 days and don't make uncommon game plans with your moneylender to get a delay or restraint, your advances will be in default. Note that understudy advances are presently commonly not dischargeable through insolvency.

Subject: business

Level: college

Keywords:  lender do, Transfer your balance to a credit card, Filing for bankruptcy,  You cannot default on student loans.  

Learn more about evolution on:

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George’s t-shirt shop produces 5,000 custom printed t-shirts per month. george’s fixed costs are $15,000 per month. the marginal
k0ka [10]

Answer: Price is $7 when sale is 5000 and $6 when sale is 7,500 units.  

Explanation:

Total cost of George = Fixed cost + Variable Cost = $15,000 + $4 (Units produced)  = $15,000 + $4(5000) $15,000 + $20,000 = $35,000


George will breakeven when his price is just sufficient to cost the total cost.  

Break even = Profit = 0 Total revenue - Total cost = 0 P*Q - $35,000 = 0 P*5000 = $35000 P= $35,000/5000 P=$7

 

If George sells 50% more, then his sales is 7,500 units.  

Total cost of George = Fixed cost + Variable Cost = $15,000 + $4 (Units produced)  = $15,000 + $4(7,500) $15,000 + $30,000 = $45,000


George will breakeven when his price is just sufficient to cost the total cost.


Break even = Profit = 0 Total revenue - Total cost = 0 P*Q - $45,000 = 0 P*7500 = $45000 P= $45,000/7,500 P=$6

When sales is 5000 units price is $7. When sales is 7,500 units price is $6.

8 0
3 years ago
Deb has found it very difficult to repay her loans. Because of these difficulties, the bank decided to forgive one of her most r
sergejj [24]

Answer:

$15,000

Explanation:

Total Assets-Remaining liabilities=Solvency

$232,000-$217,000=$15,000

If the waiver of loan makes the taxpayer solvent,then the extent by which he is solvent will be included in his/her gross income.

6 0
3 years ago
A recent college graduate has obtained employment at a major financial institution in the big city. Since she just graduated, sh
Romashka-Z-Leto [24]

Answer:

$2,200

Explanation:

Calculation to determine what should this recent grad be willing to pay in rent per month

First step is to calculate the work days

Using this formula

Work days = 5 days per week x 1 hour to work+ 1 hour from work

Let plug in the formula

Work days = 5 days a week x 2 hours

Work days= 10 hours

The second step is to calculate the monthly commuting in a standard month of 4 weeks

Monthly commuting = 4 x 10 hours

Monthly commuting = 40 hours

Third step is to calculate hourly how much she will be able to maximize

Amount maximize = $25 x 40 hours (commuting hours)

Amount maximize= $1,000

Now let determine The total she will be willing to pay in rent

Rent per month= $1,200 + $1,000

Rent per month=$2,200

Therefore what should this recent grad be willing to pay in rent per month is $2,200

4 0
3 years ago
Lillich, Inc., manufactures and sells two products: Product U6 and Product R5. Data concerning the expected production of each p
Gelneren [198K]

Answer:

Lillich, Inc.

The unit product cost of Products U6 under activity-based costing is closest to:  $1,460

Explanation:

a) Data about expected production of Products U6 and R5:

                                  Expected       Direct Labor-Hours    Total Direct

                                 Production          Per Unit                 Labor-Hours  

Product U6                       640                    8.4                       5,376

Product R5                      1,015                    5.4                       5,481                    

Total direct labor-hours                                                        10,857

The direct labor rate is $27.50 per DLH.

Direct Materials Cost per Unit   Product U6$249.30  Product R5 $166.70

                                                         

Activity Cost Pools  Activity      Estimated           Expected Activity  

                              Measures   Overhead  Product U6  Product R5   Total

                                                    Cost      

Labor-related           DLHs      $ 196,138         5,376         5,481         10,857

Production orders    Orders       67,340           800           700           1,500

Order size                MHs        1,015,108        5,400         5,700          11,100  

                                            $1,278,586

Overhead Costs:

                                                Product U6      Product R5        Total

Labor-related overhead costs   $97,121             $99,017      $196,138

Production orders                        35,915               31,425         67,340

Order size                                 493,836             521,272      1,015,108

Manufacturing overheads     $626,872           $651,714   $1,278,586

The direct labor rate is $27.50 per DLH

                                                 Product U6      Product R5            Total

Expected Production                        640                 1,015

Direct labor hours                          5,376               5,481              10,857

Direct Materials Cost per Unit  $249.30           $166.70

Direct material costs               $159,552        $169,200.50     $328,752.50

Direct labor costs                       147,840           150,727.50       298,567.50

Manufacturing overhead         626,872            651,714.00      1,278,586.00

Total production costs          $934,264         $971,642.00   $1,905,906.00

Unit cost                                      $1,459.79          $957.28

5 0
2 years ago
Which of the following are factors that can cause a shift in supply?
Setler [38]
A major increase in production due to some market factor as well as the establishment of new companies could potentially lead to a shift in the supply curve for a good. The other answers would not create a shift in the supply curve. 
3 0
2 years ago
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