Answer:
b) How well you understand and use personal finance information
Explanation:
Financial literacy involves understanding and using financial information. When applied, a person is in a position to understand their financial situation and possess the ability to make well informed decisions on matters relating to money. A financially literate person understands how much money comes in and how much goes out and for what purposes. All aspects of their financial wellbeing are intentional.
Answer:
B. Risk of accounting loss: $230,000; Off-balance sheet risk: $0
Explanation:
Accounting loss occurs due to credit provided and the market risk associated with it, already the company has provided for $20,000 un-collectible debts, now the company can have maximum of $250,000 - $20,000 = $230,000 of loss.
Talking about off-balance sheet loss, it will be zero, as off-balance sheet loss occurs only when there is some statutory or non-statutory obligation attached to any of the assets, which is not stated in accounts. Since no obligation is attached for receiving such amount from accounts receivables.
Thus, correct answer is
B. Risk of accounting loss: $230,000; Off-balance sheet risk: $0
Answer: The free enterprise system was certainly necessary for Mary Kay Ash to make an impact on the business world.
Explanation: This is because having no restrictions from the government, Mary Kay could set the price of her products, making them competitive in the market. By selling directly to end consumers, she skipped intermediaries, therefore cut costs and had a great impact on the business world. Another strategy she used is "try before buying", which became a plus for her products, having satisfied costumers become captive consumers, always coming back for more. The Free Enterprise System was absolutely helpful for Mary Kay Cosmetics to have pressence in the world for 56 years now.
Answer:
The answer is Certificate Of Deposit.
Explanation:
A certificate of deposit (CD) refers to a product which is usually offered by banks and credit unions and which provides an interest rate premium based on the condition that the customer agrees to leave a lump-sum deposit untouched for a particular length of time.
Almost all consumer financial institutions offer certificates of deposit, but each bank can set its own peculiar certificate of deposit terms and conditions.
