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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?

Business

1 answer:

ValentinkaMS [17]3 years ago

8 0

Answer:

These are the answer choices for the question:

A. Transfer your balance to a credit card

B. File for bankruptcy

C. Contact your lender

D. You cannot default on student loans

And this is the correct answer:

C. Contact your lender

Explanation:

If you are about to default on your student loans, the best alternative you have is to contact your lender in order to renegotiate the terms of the loan. This is because you cannot default on student's loan, so filing for bankruptcy is not an option, and transferring the debt to a credit card is not a good idea because credit card debt usually has higher interest.

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Hart, an individual, bought an asset for $500,000 and has claimed $100,000 of depreciation deductions against the asset. Hart ha

Naily [24]

Answer

The answer and procedures of the exercise are attached in the following images.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in 2 sheets with the formulas indications.

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4 years ago

The Higgins Company has just purchased a piece of equipment at a cost of $120,000. This equipment will reduce operating costs by

Maru [420]

Answer:

B. 2.8 years

Explanation:

Initial investment = -120,000+ 8,000 = -112,000

Yr 1 cash inflow = 40,000, hence net CF = 40,000-112,000 = -72,000

Yr 2 cash inflow = 40,000, hence net CF = 40,000- 72,000 = -32,000

Yr 3 cash inflow = 40,000, hence net CF = 40,000-32,000 = 12,000

Payback period = last year with negative net CF + (absolute net CF that year/ total CF the following year)

= 2 + (32,000/40,000)

= 2 + 0.8

= 2.8 years

3 0

4 years ago

Which describes a method for allocating scarce resources?

sergiy2304 [10]

Answer: The Payne County Commission decides to distribute more property taxes to the Public School system for new computers.

Explanation: A good illustration of management of scarce resources is when the county uses taxes to fully furnish all the county schools with new computers.

The income coming to the county although not much is properly handled to make purchase of computers for all schools.

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3 years ago

Read 2 more answers

Assume the market for oranges is perfectly competitive. If the demand for oranges increases, will the market supply additional

DiKsa [7]

Answer:

The correct answer is option B.

Explanation:

The market for oranges is perfectly competitive. An increase in the demand for oranges will cause the demand curve to move to the right. This rightward shift in the demand curve will cause the equilibrium price and quantity to increase.

At higher price, the producers will supply more oranges, because they will earn more profits. The supply of product is positively related to its price. So at higher price of oranges, more quantity will be supplied.

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3 years ago

Rocky mountain bottling company produces a soft drink that is sold for a dollar. at production and sales of 800,000 units, the c

poizon [28]

250000 +. 700000 = 320000 totally amount

8 0

4 years ago