The purpose of a financial plan is to give you a road map of your financial future. A financial plan should show you assets, liabilities, and net worth. The purpose is to show where you are on track and where you are deficient. A financial plan should also include a budget.
You are a loan officer at a bank. An application comes to you for $5000 loan. Explain why you would want to know the persons credit history
A credit history is a record of a borrower's responsible repayment of debts. A credit report is a record of the borrower's credit history from a number of sources, including banks, credit card companies, collection agencies, and governments.
A good credit score means that the person receiving the loan is reliable and will be more likely to pay off the loan in a reasonable amount of time.
How do taxes influence the federal budget
Answer:
Tax money influences how much money can be allocated toward certain items in the federal budget.
Explanation:
The amount of money that the federal government brings in through taxes influences how much money can be put toward spending items in the federal budget. For example, the government will likely set aside different amounts of money toward things like national defense or education depending on how much money is being drawn in through taxes.
Answer:
Taxes takes money from citizens and gives to the government federal budget/funding.
How can I start building my credit
Answer:
Use a credit card and pay off something each month.
For example, a spotify membership with a student discount is $5 a month, these monthly payments will help increase your credit.
Explanation:
To start building credit, obtain a secured credit card, check for errors in your credit report every four months, and consider credit options from your bank or credit unions. Establish a personal loan as an overdraft protection to enhance your FICO score and manage finances responsibly.
Building Your Credit:
Starting to build your credit score is essential for future financial stability and can give you access to various financial benefits. A good approach to begin with is obtaining a secured credit card, where you deposit money and spend within that limit, ensuring you pay off the charges each month. Over time, this can boost your credit score. One common myth is that using your debit card as credit improves your credit score; this is false and has no effect on your score. It's also critical to remember that credit reports can contain errors, and checking your credit report every four months can help ensure accuracy.
When trying to get credit for the first time, consider starting with a credit card from your own bank or through easier avenues such as department store or gas station cards. Although these might carry higher interest rates, they can be a stepping stone to building credit. Furthermore, joining a credit union by opening an account and applying for a mortgage can be beneficial due to their readiness to lend to those with good credit history.
Another aspect of building credit is to establish a line of credit or personal loan with lenders, which can be used as overdraft protection and may assist in improving your FICO score. Managing your finances responsibly, such as having a financial plan, saving for emergencies, and avoiding impulsive purchases are key practices. Remember, credit is a powerful tool that, when used wisely, can significantly impact your financial future.
4. Describe an experiment to show that
(i) Sandy soil has the lower water
retention capacity than clay soil.
(ü) Clay soil has the higher capillarity
than loam soil.
Explanation:
ACTIVITIES:
Have the three samples of soil,the sand soil,loam soil and clay soil.Put in place three funnels with also three collecting jars.Clean water. Each funnel is put on top of the collecting jar with soil inside the funnel.Pour the water on the remaining vacuum remaining i the funnel then wait for the results for one hour for observation to take place.From the observation the two statements will be answered.;
Lakesha does not have enough in her bank account to use a debit card for the purchase of a bike she needs to get to work. She has to decide whether to use a credit card or to finance the bike through the store. Which questions should Lakesha answer before making her decision? Check all that apply.
Before deciding whether to use a credit card or finance her bike purchase through the store, Lakesha needs to consider factors including interest rates, payment plans, her ability to meet monthly payments, and how each option could impact her credit score.
Explanation:Before making her decision on whether to use a credit card or finance the purchase through the store, Lakesha should consider several crucial factors. Some of the important questions she should answer include: What interest rate does the credit card company charge? What are the financing options at the store and their respective interest rates? Is there a difference in the payment plan? Will she be able to meet the monthly payments required by each option?
By comparing these factors, Lakesha will be able to evaluate which option would be more beneficial and economically feasible for her. It's also important to remember that credit card debt can affect her credit score, so she should consider her ability to pay back the money within a reasonable time to avoid additional charges and negative impacts on her financial profile.
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Before deciding between using a credit card or store financing for her bike purchase, Lakesha should consider the interest rates, terms of the store financing plan, and her own financial discipline.
Explanation:
Lakesha needs to consider a few factors before deciding to use a credit card or to finance the bike through the store. First, she needs to evaluate the interest rates for both options: credit card and store financing. Credit cards often have high interest rates and if she cannot pay off the balance quickly she may accrue significant debt.
Second, she should look at the terms of the store financing plan, considering if there are any hidden fees, penalties or balloon payments down the line.
Third, she needs to consider her own financial discipline. Using a credit card means she has the responsibility to control her spending and to make payments on time to avoid penalties and damage to her credit score.
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Choose the option that best matches the description given. Direct services include those provided to clients and their. Family ,big brother/sister,sponsors
Answer:
Sponsors
Explanation:
Answer:
It's family not sponsors I chose sponsors and got it wrong then I re-did it and chose family and I was marked as correct
Explanation:
HELP! ASAP!! Ben helps people choose the right insurance policy and sets up their policies. He is:
A. An insurance agent
B. An benefits clerk
C. An insurance adjuster
D. An insurance actuary
Answer:
The correct answer would be A, An Insurance Agent.
Explanation:
An Insurance agent is an agent who helps people choose the right insurance policy and sets up their policies. Insurance Agent can be an independent person selling Insurance policies for commission or can be an employee of the insurer company. This person acts as an agent and help people in deciding which policy to choose according to their needs and wants. He also sets up their policies. For example, if a person is married and has children, the insurance agent may ask him to choose the education insurance for his children. He may also ask him to pick the life insurance policy to get him family secured after his demise. So an insurance agent not only helps people choose their policies but also helps them set up.
Answer:
A
Explanation:
please help
What is one of the advantages that equity shareholders have over preference shareholders?
Equity shareholders have voting rights. Further, in most of the corporations, if it makes higher profits, then equity shareholders receive higher dividends. Preference shareholders, on the other hand, are paid _________ dividends regardless of the company’s performance.
Answer:
One is lower risk
Explanation:
Answer:
fixed
(If you are using edmentum, this is the answer that the system is looking for)
Johnny bought a crystal vase originally priced at $100 but on sale for 80% off. After 5% sales
tax, what was the total cost?
Answer:
$21
Explanation:
Crystal Vase was originally priced as $100
80% off: 80% = 80/100 = 0.80
100 x 0.80 = 80
Subtract the amount that is off from the original amount:
100 - 80 = 20
Add sales tax. Sales tax is 5% or 0.05 of the amount.
20 x 0.05 = 1
20 + 1 = 21
$21 is your answer.
~
Answer:
Explanation:
The sales price is $21 after salestax
Because of the density of vehicles in urban areas, you should ______.
A. install sensors on all sides of your vehicle
B. keep an eye on your blind spots and watch for motorcycles
C. ignore your blind spots and any motorcycles
D. tailgate to maximize space efficiency
Answer:
I think the answer is B.
Explanation:
Answer:
B. keep an eye on your blind spots and watch for motorcycles
Explanation:
In the cities where there a lot of vehicles, it is difficult to drive as you are surrounded with other cars, trucks, bikes and motorcycles which is really dangerous and everyday there are a lot of accidents. Because of that, you need to pay a lot of attention as motorcycles tend to go close to the cars and sometimes the blind spots don't allow you to see them. So, when you are going to make a move you need to make sure that you don't have a motorcycle close to avoid having an accident. According to this, because of the density of vehicles in urban areas, you should keep an eye on your blind spots and watch for motorcycles.
What is the correct order, using a decision-making process, of selecting the correct health insurance?
Answer:
1: Find your market, essentially, your job is your market, as well as your family to know what you need. Most people get health insurance through an employer.
2: Compare the types of health insurance plans, look for a summary of the benefits. The type you choose will help you determine your out-of-pocket costs and what doctors you can see.
3: Compare the health plans of the network. The costs are lower when you go to a network doctor because insurance companies contract lower rates with network providers.
4: Compare the costs of insurance. The summary of benefits of any plan must clearly state how much you will have to pay out of pocket for the services.
5: Compare the benefits. For more information, in the benefit summary you will see which plans cover a wider range of services. Some may have better coverage for a particular problem than others, and vice versa.
Explanation:
Answer:
The answer is C,D,B,A
Explanation:
You have to first determine that you need the evidence, read about it, determine which insurance meets your needs, the sign up for the chosen insurance.
Scenario 1 It has been two years since Erik retired from his job. He is thoroughly enjoying retirement. After more than 20 years of education—from kindergarten through graduate school, which the government paid for—and 45 years of working, he is finally enjoying free time. He finally had his knee surgery, which the government paid for. However, he had to wait a few months for the doctor to be available. This surgery was important for him, because he is looking forward to skiing this winter. He hopes his pension check from the government will enable him to spend an entire week in the mountains. Scenario 2 Sylvia is looking forward to her retirement. When she was 16 years old, she started working part time to put herself through college and graduate school because her government grants covered only a small amount of her tuition. Her work ethic paid off. After working for a software company for 15 years, she started her own firm. Eventually, her idea took off and she earned a large sum of money. Last spring, she broke her leg while hiking. The next day, she had a surgery that enabled her to attend an important family gathering a few weeks later. Her large income allowed her to pay the hospital bill. Her pension check will be a nice, but not necessary, addition to her large savings.
Which scenario sounds better to you? Justify your response.
Answer:
I believe the better scenario would be the second one. (Sylvia)
Explanation:
Constantly it is saying that Erik has practically lived off the government throughout his life, while Sylvia has worked hard putting herself thru college and eventually have enough money to pay for her surgery herself. Also that she feels that the government pension check she received is not necessary, while Erik expects the check to provide him with a vacation.
Answer:
The second scenario sounds better. When Sylvia retires, she is ensured that she will not be entirely dependent on the government’s pension check because she was able to successfully start and run her own business.
Explanation:
EDMENTUM
Kaitlyn is beginning her career as an accountant. Who would be the best selection for a professional mentor during her first year of work in the field?
her middle school soccer coach
a nurse at the local hospital
her best friend from high school
the vice president of her accounting firm
for me its vice president IMO
Answer:
The vice president of her accounting firm ( D )
Explanation:
The vice president of her accounting firm is a professional in the field of Accounting and he will be a very perfect professional mentor to Kaitlyn in her first year of work.
Her middle school soccer coach will not turn out as a professional mentor but might turn out as a life coach
A nurse at the local hospital can not be her professional mentor either and her best friend from high school can just be a god friend and not a professional mentor
When an officer assumes a fictitious identity and associates with know or suspected criminals for the purpose of collecting information, it is known as
Answer:
Fixed surveillance
Explanation:
they are purposely doing things to check on people who do bad things
hope this helps :)
I’m pretty sure Fixed surveillance’s
for the majority of companies the most common increase in the cost of production results from rising _________?
Answer:
Wages
Explanation:
Gradpoint
Why is it important for professionals in any career to have good self representation skills
A. To express their personalities at work
B. To present a positive professional image
C. To show that they make a lot of money
D. To follow the orders of the boss
B I think is have a good day
when deciding how to invest your money which is least important to know
Answer:
whether or not deposits can be made online
Knowing the individual managers and their personal business plans becomes least important when investing as a firm grows and information is more accessible. Other investors will still provide financial capital, and picking stocks is a risky way to attempt to get rich.
Explanation:When deciding how to invest your money, knowing the individual managers and their business plans on a personal basis is least important, especially as a firm becomes at least somewhat established. Once a company's strategy appears likely to lead to profits and information about the company's products, revenues, costs, and profits becomes more widely available, the need for personal knowledge of the management decreases. This is because other investors, such as bondholders and shareholders, do not require a personal connection to provide financial capital to the firm.
It's also worth noting that attempting to pick stocks that will gain significantly in the future is generally regarded as a high-risk strategy and not the most reliable way to build wealth. Instead, investing in a diversified portfolio that balances expected returns with risk is considered a more stable approach for the average investor.
why has the use of teams in the workplace increase so dramatically
The use of teams in the workplace has increased so dramatically because using team work will enable a company to take on additional works without having to employ more staff. This will result in more revenue and profits for the company.
Explanation:
This is because of the fact that team work increases the efficiency and productivity of an organization.
When employees in a company work as a team, the have a common objective in front of them, and they all motivate themselves and each other to achieve that target or goal or objective. This creates a competition between them and they try to work better than the other employee and due to this, the overall efficiency, effectiveness, productivity, and quality of the organization increases.
Due to this, the companies now a days have dramatically adopted the use of teams in the workplace.
People may work for many different reasons what are three of them
Answer:
1) To support themselves. 2) To support family and children( this includes buying necessities like food,water, and clothes). 3) They have to work in order to survive because other else they would be homeless, etc.
Explanation:
Which is an example of product that is considered a need?
Answer: Breakfast foods
Explanation: if it can directly threaten the lives of people if not being consumed. This basic needs usually includes food and beverages, housings, clothing to some extend, Sanitary products, etc. Music, sports, and video game are considered to be tertiary product.
Hope this helps!
A product that is considered a need is breakfast food. Hence, Option A is correct.
What is need?A need is something which is considered a desire or requirement. The best example of need in the context of present youth is the desire for a fast Internet connection. For the survival of any living being, the needs are food and water.
Some of the synonyms for need are: a requirement, necessary duty, or obligation. From all the given options in the question, Breakfast food is considered to be essential.
An image is attached at the end for better understanding.
Therefore, Option A is correct.
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Which best describes the career pathways of each worker
Answer : Lititia works in animal systems, Jared works in agribusiness, and Duane works in Environmental Service Systems
Answer:
The correct answer to the question is Larry is an Architectural Drafter, Francis is an Architect, Meka is a Construction Manager, and Lacy is an Interior Designer.
Explanation:
Miranda is a network engineer. She has been hired to set up a network for a nonprofit organization with more than
thirty employees. Which of the factors below will be important to her in designing the organization's network?
Answer:
The tasks performed by each computer on the network
The number of employees using each computer
The number of computers that will be on the network
Explanation:
That's what a network engineer would do.
The criteria that go into creating an organization's network include the functions carried out by each computer on the network, the number of people utilising each computer, and the total number of computers that will be on the network.
What is the network?A group of computers sharing resources that are available on or offered by network nodes is known as a computer network. Over digital links, the computers communicate with one another using standard communication protocols.
Two or more computers connected together to share resources (such printers and CDs), exchange files, or enable electronic communications make up a network.
A network's connections to its computers can be made by cables, phone lines, radio waves, satellites, or infrared laser beams.
Therefore, The functions performed by each computer on the network, the number of users of each computer, and the overall number of computers.
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Multiple Choice
Which of the following is a reason an individual might compromise his or her values?
A. competition
B. financial rewards
C. fame or recognition
D. all of the above
(Sports Management)
I’d go with D. all of the above
Final answer:
Individuals might compromise their values for reasons such as competition, financial rewards, and fame or recognition. The correct answer is d.
Explanation:
The question of why an individual might compromise his or her values may arise in various contexts, such as in a sports management setting. Individuals may be influenced to set aside their values for reasons that include, but are not limited to, competition, financial rewards, and fame or recognition.
All of these factors can exert pressure on an individual to make choices that align more with external incentives or recognition rather than personal values and principles. In the context of employment and economic decisions, the interplay between personal freedom, self-interest, and moral considerations comes into play.
People might choose certain types of jobs or career paths based on the financial rewards offered, which may be at odds with their intrinsic values, such as altruism or the desire for a balanced life. Personal choice and the pursuit of one's own economic interests are part of what is considered personal freedom, and striking a balance between these interests and one's values is a common challenge.
Answer the question
Answer:
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Danny is working to provide food, clothing, and shelter for his family. This is an example of which function of a family?
Explanation:
Danny is working to provide food, clothing and shelter for his family. These are the basic necessities of life that a person provides to his family. It involves the financial function of a family. Buying food, clothing and shelter for a person's family involves money. A person strives to earn money for his family to fulfill his family's needs of food, clothing and shelter. According to Maslow's hierarchy of needs, Food and clothing comes under the physiological needs level. Then comes the shelter, which comes under the safety needs. These both levels make the Basic needs of a person. Meeting the basic needs of the family comes under the financial function.
Answer:
providing resources
Explanation:
i did the test on plato and got it right
A tax preparer is part of:
A) Business Management
B) Administrative Support
C) Financial Planning and Management
D) Accounting
Hello there!
Your answer would be “C”
A tax preparer is part of financial planning and management.
Have a great day
Answer:
it is C
Explanation:
In business documents, spacing between columns needs to be _____.
In business documents, spacing between columns needs to be proportional to the text because when spacing between columns, you don't want your text or writing to be too far apart but you want it pretty close/equivalent so the text can be correct.
Money and farm equipment are examples of
Answer:
Money and Farm Equipment are examples of Capital.
Capital is a Factor of production which is basically the current assets, equipment and money in hand....This depends on the type of capital being referred to....It could be Working, Physical, or Fixed Capital.....
Happy to Help
Pls mark as Brainliest.
Money and farm equipment are examples of assets of a business organization.
What are assets?Anything which is owned by an incorporation in such a way that they have the ownership and possession of such thing, and right to trade such things in the market, are known as assets. Assets include money.
Hence, the significance of assets is given above.
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Transitions are necessary for an effective essay.
Please select the best answer from the choices provided
T
F
Answer:
True
Explanation:
Makes it easier on the reader to read and makes the sentences have an connection or flow.
Answer: true
Explanation:
If you have employees you’ll have to pay the ____ tax which is used to pay compensation to workers who lose their jobs
A) EIN
B) FUTA
C) SSI
D) workers’ comp
Answer:
B. FUTA will be the correct answer which means Federal Unemployment Tax Act.
Explanation:
If your google the meaning of FUTA it will bring up the meaning
Answer:
FUTA
Explanation:
Textbook!!