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3 years ago

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

2 answers:

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.

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what are two significant strengths that can have an impact on your overall success? why do you think so?

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I’d say bad experience or struggles you have went through can strengthen you

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3 years ago

You plan on making a $235.15 monthly deposit into an account that pays 3.2% interest, compounded monthly, for 20 years. At the e

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Answer:

Monthly payment = $769.27

Explanation:

First we have to determine the future value of the ordinary annuity:

Payment = $235.15

N = 20 * 12 = 240

Rate = 3.2% / 12 = 0.267%

Using a financial calculator and the FV function, the FV = $78,910.41

Again, using the financial calculator or Excel, you can determine the monthly payment:

N = 10 / 12 = 120

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3 years ago

The Super Toy Stores inventory records at December 31, revealed the following: Inventory on hand, December 31 $350,000 Merchandi

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Answer:

The correct answer is $543,000

Explanation:

According to the given scenario, the calculation of the ending inventory is as follows:

= Inventory on hand + merchandise purchased F.O.B shipping point + F.O.B destination

= $350,000 + $118,000 + $75,000

= $543,000

The goods held on consignment i.e. not involved is not relevant

Thus, the calculation of the ending inventory is $543,000

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3 years ago

A company had average total assets of $955,000. Its gross sales were $1,108,000 and its net sales were $940,000. The company's t

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Answer:

It is 0.98

Explanation:

Total Assets Turnover Ratio(TATR) = <u> Net Sales </u>

Average Total Assets

Net Assets =Gross Sales-Trade discounts-Sales tax-Sales return

TATR = 940,000/955,000 = 0.98 times

It is the ratio of a company's net sales to its average assets employed.

It is a ratio that tells how efficient the company is using its assets to generate its revenue.

The drawback of this ratio is that, if the divisional manager performance is based on this, it may sometimes leads to short-term view of performance. This may then encourage dysfunctional behaviour which may include refusal to replace an old assets with lower based value which when replace may reduce this ratio because of the higher based value of the new assets while sales still remain the same

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3 years ago

Imagine that you are a consultant, and have been hired by Rosewell's board of directors to examine decision making within the fi

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Explanation:

Executive Information System (EIS) is a specialised form of decision making support system designed to give management level employees background information on topics both internal and external to the company. Using this information, they are then guided by the governance policies and standard operating procedures of the company in the decisions they need to make, considering environmental factors, availability of resources and time constraints. The Information Systems models contain routine and special statistical, financial, and other quantitative analysis.

According to Computer Business Research, “the focus on Executive Information Systems is on easy to use user interfaces and graphical displays. The benefits of this is that they offer strong reports and drill down capabilities. Executive Information Systems are important because they help top-level executives analyze, compare and highlight trends in important areas so they can monitor performance and identify opportunities and problems. Over recent years however, the popularity of Executive Information Systems has decreased due to Business Intelligence, analytic(s), and digital dashboards.”

Steps followed in implementing EIS

1. Undertake research – the consultant has to find out what is applicable to the company specifically, looking at the company size, its resources, and other factors that affect information systems.

2. Compare and benchmark with best practices globally, regionally and locally.

3. Procure and/or Install the EIS.

4. Check if it is operating effectively. Also train the end users on how to make efficient use of the information system.

5. Keep monitoring and evaluating the system

N.B: Questions are required to give a more precise answer

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3 years ago