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IrinaK [193]
3 years ago
10

Jamie Lee now has to juggle the three monthly credit card bills for each of the retailers where she purchased her home furnishin

gs. She is interested in getting one loan to consolidate the three store consumer credit cards so she may make a single payment on the goods per month. Using “Your Personal Financial Plan” sheet 17, comparing the consumer loan options that Jamie Lee may consider. What are your recommendations for her to consolidate her monthly consumer charge bills?
Business
1 answer:
ivanzaharov [21]3 years ago
7 0

<u>Explanation:</u>

I would recommend Jamie Lee to use consolidating of her debt such as the credit card bills and taking personal loans only when she has a regular income and creditworthiness. She should also be able to payback her debts quickly and on time. If the interest rates offered by the company are lower for consolidated debt then she can choose this method to reduce her interest payments.

The debt management companies do not pay off her loans but they manage the funds through escrow account. On non payment it will result in diminishing personal credit score. Debt consolidation can be kept as the last resort when she is out of options to pay her debts.

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Which of the following provides the best example of a systematic-risk event? A. A strike by union workers hurts a firm's quarter
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Answer:

C.

Explanation:

From the various options listed, the one that would be considered a systematic-risk event would be if the Federal Reserve increases interest rates 50 basis points. This is mainly because this event would cause various entire markets to be affected, as increasing the reserve interest rates causes the value of the country's currency to devalue and become more expensive to make purchases as well as obtain loans. Therefore affecting a wide range of entire markets throughout the country.

8 0
2 years ago
Bill and Hillary produce food and clothing. In an hour, Bill can produce 1 unit of food or 1 unit of clothing, while Hillary can
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Answer:

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4 0
3 years ago
"Given the following information from Cullumber Corporation, what price would the CAPM predict that the company’s stock will tra
Natasha_Volkova [10]

Answer:

$68.70

Explanation:

Risk free rate: 3.6 %

Market risk premium: 8.6 %

Beta: 0.65

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Annual dividend: $1.84

The expected rate of return = 3.6% + 0.65*8.6%

The expected rate of return = 0.036 + 0.0559

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The expected rate of return = 9.19%

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9.19% + 1 = (Price + 1.84)/64.60

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5 0
3 years ago
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Tracing a test count to the inventory compilations provides evidence for which asb balance assertion?
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<h3>What do you know about holding cash?</h3>

The reasons for keeping cash are pretty straightforward. Cash inflows and outflows may balance each other out, or the outflows occasionally exceed the inflows. Hence, to cover up these eventualities, organizations hold cash to meet certain unpredictable situations.

The term "transaction motive" refers to the need for cash that a business has for ongoing operations. In general, the business needs cash to pay employees' salaries, rent, pay for labor, acquire items, and other expenses. On the receiving side, the business receives money from customers, debtors, and other sources. The inflows and outflows do not always coincide. As a result, the company keeps some cash on hand to fill this shortfall.

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