Being D)'House Poor' means a significant portion of your income is spent on housing expenses, preventing you from saving money, and is the correct term for not being able to save due to mortgage and bill payments.
Explanation:If you can't save any money because you need every dime just to pay your mortgage and bills, the term that describes your situation is House Poor. Being House Poor means that a large portion of your income is going towards housing expenses, leaving little to no leftover funds for savings or other expenditures. This situation is typically not related to being upside down in your mortgage, which occurs when you owe more on your mortgage than the actual value of the house, or poverty, which can encompass a broad range of economic hardships, nor foreclosure, which is a legal process where the lender takes possession of the property due to nonpayment of the mortgage.
Final answer:
The description of not being able to save money due to all funds going towards mortgage and bills best fits the scenario of being House Poor. This condition is different from having a mortgage upside down, being in poverty, or facing foreclosure.So,option D. House Poor is correct.
Explanation:
If you cannot save any money because every dime is needed to pay your mortgage and bills, the situation described is being House Poor. This term refers to a person who owns a home but has little to no spare cash after servicing their mortgage and household expenses. Being house poor differs from upside down in your mortgage, which means owing more on the mortgage than the home's value. It is also not the same as poverty, which generally refers to a state of being extremely poor, or foreclosure, which is a legal process where the lender takes control of the property due to the borrower's failure to keep up mortgage payments.
Foreclosures significantly contributed to economic disparity following the housing market crash of 2008, often resulting from predatory lending and a lack of banking oversight. Homeowners found themselves unable to manage the high cost of their loans, being 'underwater' or 'upside-down' in their home value. This resulted in banks repossessing homes, thereby exacerbating issues related to housing insecurity and homelessness.
Renting provides _________ flexibility but can lead to _________ costs in the long-term
.greater; lowerBgreater; higherCless; lowerDless; higher
The answer is:
- Greater
- Higher
Since you did not spend large amount of money in renting, you can move freely without feeling that you've spend to much for the place to stay. This is why renting is considered to be more flexible compared to owning a house.
But, Renting tend to lead to higher cost in the long run because the owner of the property would definitely impose higher price than they spend to buy the property. Otherwise they would not obtain any profit.
B is the correct option.
Renting provides greater flexibility but can lead to higher costs in the long-term.
Further explanation:
Renting and owning:
Renting is paying someone for their property or land for the use of their land or house or anything. And owning is having something of our own or the ownership of any asset or land, property or anything.
Justification for the correct and incorrect answer:
A.
Greater; lower: This option is incorrect.
In renting, flexibility is greater and the cost in the long term is higher, not lower. Because the value of the house keeps on increasing so in the long run, the renting amount will also increase.
B.
Greater; higher: This option iscorrect.
In renting, flexibility is always greater but the cost in the long term is higher because the value of the house increases. So there will be more rent amount which keeps on increasing. It will lead to high cost in the long run.
C.
Less; lower: This option isincorrect.
In renting, flexibility is greater, not less and the cost in the long term is higher, not lower. Because the value of the house keeps on increasing so in the long run, the renting amount will also increase.
D.
Less; higher: This option is incorrect.
In renting, flexibility is greater, not less and the cost in the long term is higher, which is correct. But flexibility in renting is greater because the amount paid for the rent is affordable.
Thus, renting provides greater flexibility but can lead to higher costs in the long-term.
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Answer details:
Grade: High School
Subject: Business
Chapter: Renting
Keywords:Renting provides, flexibility but can lead to, costs in the long-term, greater; lower, greater; higher, less; lower, less; higher, payable, property, land.
Which criteria do economists use to determine whether a person is employed or unemployed?
Answer: When there are more people willing to offer their work to companies whose jobs are available, an unemployment situation occurs. When there are people who do not have a job, it is known as unemployment or unemployment.
To calculate the unemployment rate of a place, those people who are of working age (between 16 and 65 years old) and are actively seeking do not find employment, that is, what is known as the active population.
People are considered unemployed if they work and are not employed and are currently available to work, and actively seeking work for the past four weeks.
What do you mean by labor force?The total of both employed and unemployed people are referred to as Labor force. The level of employee participation is workers as a percentage of non-legal citizens.
The level of employee participation is a measure of effective economic workers.
The formula is the number of people 16 years and older who are employed or actively looking for work, divided by the number of non-institutional, working-age citizens.
The unemployment rate and Employment rate can be calculated below:
[tex]\rm\,Unemployment\,rate = \dfrac{\,Number\,of\,unemployed}{ labour\,force}\times100[/tex]
[tex]= \rm\, 100 - Unemployment\,rate = Employment\,rate \\\\Or\\ \\Employment\,rate = \dfrac{\,Number\,of \,employed}{labour\,force}\times\,100[/tex]
Therefore, these are criteria used by economists to determine whether a person is employed or unemployed.
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After you send I your FaFSA form, what will you receive back
As Robin uses her computer to write a report of her team’s investigation, she is struggling to keep the footnotes numbered in the correct order. Which of the following is the best advice for Robin?
A. Use a Works Cited list instead of footnotes.
B. Use the word processing software to enter footnotes.
C. Use an asterisk (*) instead of different numbers for each note.
D. Use endnotes instead of footnotes.
Answer: B. use the word processing software to enter footnotes
5/11/2020
The best advice for Robin is to use the word processing software to enter footnotes.
A footnote is simply known as a piece of text that cannot be taken in within the main body of a document and as such is placed elsewhere in the document.
It is better to place footnotes at the bottom of the page on which they are referred to, and one have to fiddle a lot to do itA word processor can help to arrange footnotes automatically. It is better for the writer to put all the footnotes at the end of the document.
Conclusively, it is advisable not to use a footnote if one can possibly avoid it and also the overuse of footnotes makes a work more laborious to read.
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Laura is using rent-to-own store to purchase a computer valued at $1,000. she is paying $25 per week for 104 weeks(2 years). why might this loan contribute negatively to her financial well-being?
Answer:
She is paying 2,6 times the value of the computer.
Explanation:
The computer Laura purchased is valued at $1,000 but she is paying $25 per week for 104 weeks which means that at the end she would have paid $2,600 which is 2,6 times more than the value of the computer which contributes negatively to her financial well-being as she is paying a lot more than the cost of the computer and it is a money that she could have used for something else.
which type of promotion do many people considered more credible because it is less biased
publicity
public relations
press release
advertising
Answer:
press release
Explanation:
The press has the role of informing citizens in an impartial manner, that is, it must show all the facts from different perspectives. Advertising, publicity and public relations, are forms of communication between a company or organization and the public, so this contact is biased, even by the nature of advertising, which is influencing people to buy a particular product.
Final answer:
Public relations is considered more credible than advertising because it aims to subtly influence public opinion through positive information, and is less direct than advertising, which is a paid promotion with the intent to solicit immediate response.
Explanation:
Many people consider public relations to be more credible than other types of promotion because it is less biased. Unlike advertising, which is a paid form of promotion aiming to directly solicit a response from consumers, public relations seeks to build a favorable image for a company or an individual through various methods. Press releases and publicity efforts are part of public relations, often seen as more trustworthy because they can be presented as informative content, rather than a direct sales pitch.
The number and type of advertisements can impact the credibility of a source significantly. If a media outlet runs a high volume of advertisements from a single source, or if the advertisements are overly aggressive or pervasive, it may lead to the perception that the outlet's content could be biased towards the interests of the advertiser. Public relations efforts often take a different approach, aiming to subtly influence public opinion by providing positive information about the company or individual, sometimes in the guise of neutral news.
However, there's a thin line between public relations and journalism, and some organizations might blur the distinction by publishing paid content under the guise of news. While public relations is about creating a favorable image, the work of journalists is to report the news objectively to inform the public. As such, content that originates from public relations efforts, including press releases that may be presented as news, can sometimes be scrutinized for potential bias.
How would learning how to use excel and a financial calculator help me in my personal and career goals?
What is not true about the profit business model?
Which of the following situations is the best use of endnotes in a business report?
A. Few notes, so they can easily fit on each page.
B. Two source categories: endnotes for minor ones, footnotes for major ones.
C. There are many references and readers are unlikely to check details of sources.
D. Readers likely to be very interested in details of sources.
Answer:
C. There are many references and readers are unlikely to check details of sources.
What is the sky i mean you look at it every day what is it made out of?
Final answer:
The sky consists of Earth's atmosphere and appears blue during the day due to the scattering of sunlight. At night, it reveals stars and the Milky Way, with the band of light being part of our galaxy. Most of our galaxy, while not visible, is made up of dark matter, detectable by its gravitational influence.
Explanation:
When you look up at the sky, you're seeing the atmosphere of our planet, which is composed of gases like nitrogen and oxygen. During the day, the sky appears blue due to the scattering of sunlight by air molecules, a process that favors shorter blue wavelengths. At night, away from city lights, you can observe a multitude of stars and the Milky Way, which is one part of our galaxy. The Milky Way was named due to its appearance as a milky band of light across the sky, a view that contains the combined light of billions of stars.
The sky is also a window to the universe beyond. It allows us to observe celestial events and bodies, and has captivated different cultures throughout history with various interpretations and folktales. For instance, the band of the Milky Way has been seen as the path traveled by sacred animals in some Native American stories, or likened to a stream of spilled milk in Greek legend. The sky that ancient Greeks thought of as a crystalline sphere is now understood to be the projection of the universe around us, with the appearance of movement caused by Earth's own rotation.
Furthermore, beyond the visible elements like stars and interstellar dust, astronomers have discovered that most of our galaxy is actually made of dark matter, which does not emit or absorb light and is detectable only through its gravitational effects on other objects. This engages scientists in an ongoing quest to understand the true nature of the universe.
As a sole proprietor, Jessica took out a loan to buy equipment for her in-home business. If Jessica's business does not make enough money to pay back her loan, she will have to sell personal property to cover her outstanding obligation. Identify the condition the scenario describes.
a. unlimited personal liability.
b. personal obligation.
c. proprietary liability.
d.obligatory property.
Yvette is considering taking out a loan with a principal of $16,200 from one of two banks. Bank F charges an interest rate of 5.7%, compounded monthly, and requires that the loan be paid off in eight years. Bank G charges an interest rate of 6.2%, compounded monthly, and requires that the loan be paid off in seven years. How would you recommend that Yvette choose her loan?
Answer:
B
Explanation:
Yvette should calculate monthly payments and total interest for both loans, using the installment loan payment formula, and choose the option with the lower total cost or more affordable monthly payments.
Yvette needs to decide between two loan options: one from Bank F with an interest rate of 5.7%, compounded monthly for eight years, and another from Bank G with an interest rate of 6.2%, also compounded monthly but for seven years. To make an informed decision, Yvette should calculate and compare both the monthly payments and the total interest paid over the life of each loan.
To calculate the monthly payments and total interest, we can use the formula for the monthly payment on an installment loan, which is M = P [i(1+i)^n] / [(1+i)^n - 1], where M is the monthly payment, P is the principal, i is the monthly interest rate, and n is the total number of payments.
For Bank F, with P = $16,200, i = 5.7%/12 per month, and n = 8 years * 12 months/year, we can calculate the monthly payment. Similarly, for Bank G, with P = $16,200, i = 6.2%/12 per month, and n = 7 years * 12 months/year, we calculate the monthly payment there as well. Yvette should choose the loan with the lower total cost, which is the sum of all monthly payments minus the principal.
If Yvette computes these values and finds that the total cost of one loan is significantly lower than the other, or if the monthly payment is much more affordable on her budget, her decision should be based on these critical financial considerations.
The accumulation of years of spending more money than is collected in revenues over several years creates a budget
Budget deficits arise when government spending exceeds revenue, leading to accumulation of debt over time.
Explanation:Budgets consist of revenue (money coming in) and expenditure (money going out). If spending exceeds revenue, it results in a budget deficit. This deficit accumulates over time and contributes to the national debt.
1. _______ refers to care of a child in someone else's home. A. Nursery school B. Family child care C. In-home care D. Home child care
"Family child care" refers to care of a child in someone else's home.
Family child care suppliers care for children in the suppliers' own home. The kids are in a blended age bunch with a low grown-up to kid proportion. Care can be increasingly customized and person. The hours might be progressively adaptable and the supplier may offer night and end of the week care for moms who work shifts.
This resembles to a day-care that exists in somebody's place of home. Ordinarily there are various children selected without a moment's delay, and the overseer makes the home progressively appropriate to the reason, guaranteeing kid security and that there are a lot of exercises to invigorate the kids.
When supplies are endless, prices tend to _____.
A.decrease
B.stay the same
C.fluctuate
D.increase
It's B. right ?
Answer:
A is the right one! just got it right too.
Special consideration should be paid to your tutor’s___________when selecting a tutor.
a.
Cost, schedule and credentials
c.
Credentials and cost only
b.
Schedule and cost only
d.
Schedule, credentials and job
Please select the best answer from the choices provided
A
B
C
D
Answer: its A
Explanation:
Special consideration should be paid to your tutor’s Cost, schedule, and credentials when selecting a tutor. Therefore, option A is the correct option.
What are special considerations?Special considerations are the priorities which are considered before making any decision about things such as investing money in a sector or purchasing an object which is about to be used in the long term, such as a car or house, and so on.
The special considerations differ from person to person and place to place. However, they are important to be kept in mind in order to make a wise decision. They make our decision-making efficient and easier.
When choosing a tutor, particular attention should be paid to their cost, availability, and credentials. As a result, choice A is the best one.
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How is email a useful component of online banking?
I. Email alerts can be used to warn you before you overdraw your account.
II. You can have your bank statements emailed to you, getting them to you faster.
III. Only emailed bank statements can be used to support electronically-filed tax returns.
The answer is C. l and ll only
Adina deposits $1,000 in the bank. The bank can then use her savings to make _____ to/for _____.
capital goods, savers
productive resources, borrowers
loans, investors
The bank can then use her savings to make loans to/for investors.
What is bank loan?A loan is the amount borrowed from a friend, bank or financial institution in exchange for future repayment of the principal. It is a form of debt incurred by an individual or other entity with a promise to pay back at a future date.
Since, Adina has deposited the sum into the bank, such can be used to grant loans to customers or investors who are willing to invest in their country.
Hence, the bank can then use her savings to make loans to/for investors, if Adina deposits $1,000 in the bank.
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Your original purchase price was $950.00 plus 5% sales tax. You enter into an agreement where the interest (12.5% APR) is waived for the first 12 months provided you make the required monthly payments; otherwise the interest is accrued from the date of purchase. You missed the first payment due date. The late fee is $35.00. How much is the interest?
$10.39
$9.90
$124.69
$118.75
Answer:
interest is $10.39
Explanation:
Give data:
Purchase price is $950.00
sales tax= 5%
APR = 12%
Late fee is $35
Purchase price after sales tax will be [tex]950 + 0.05\times 950 = $ 997.50 [/tex]
Monthly rate will be[tex] \frac{12.5}{\frac{12}{100}} = 0.010417[/tex]
Interest on purchase price [tex]= 997.50 \times .010417 = $10.39[/tex]
hence interest is $10.39
Final answer:
To calculate the interest, add the initial purchase price to the sales tax. Add the late fee to the outstanding balance. Calculate the monthly interest rate. Multiply the outstanding balance by the monthly interest rate to find the interest for one month. The interest is approximately $10.79.
Explanation:
To calculate the interest, we need to determine the outstanding balance after the missed payment, and then calculate the interest on that balance. The original purchase price was $950.00 plus 5% sales tax, which is 0.05 * $950.00 = $47.50. So the total initial amount is $950.00 + $47.50 = $997.50.
Since the first payment was missed, the late fee of $35.00 is added to the outstanding balance, which becomes $997.50 + $35.00 = $1032.50.
The interest rate is 12.5% APR, which means the monthly interest rate is 12.5% / 12 = 1.0417%. The interest for one month on the outstanding balance of $1032.50 is $1032.50 * 1.0417% = $10.79
Therefore, the correct answer is $10.79, which is closest to $10.39 from the given options.
The owner of ProPhone has charted the company's marginal revenue and marginal cost for its latest line of smartphones, the Blazer. Use the chart to calculate the company's profit. If ProPhone sells four phones, the company will
break even
lose money
maximize profits
make some profit
Answer:
D - Make some profit
Explanation:
I took the test and this was correct.
In a capitalist system, what are the goods and tools that are used to make products?
The world’s poor are disproportionately affected by environmental degradation and lack of access to clean, affordable energy services. Climate change, loss of biodiversity and depletion of natural resources are both national and global issues requiring cooperation among all countries.
Genuine concern about the effect of climate change on future generations dictates that the world must act now. The effects of climate change bear heavily on human development, with severe impact on the world’s poorest.
Source: United Nations Development Programme, Annual Report, 2008
Based on this reading, people in which country will be MOST affected by environmental changes brought on by human activities and climate change?
A) France
B) Canada
C) Nigeria
D) Australia
Compared to money market accounts, CDs are _____ liquid and have _____ interest rates? A. less; higher B. more; higher C. less; lower D. more; lower
Answer: A. less; higher
Compared to money market accounts, CDs are less liquid and have higher interest rates.
Explanation:
Certificates of deposit (CDs) refer to a saving certificate issued by a federally chartered bank which has a fixed interest rate and fixed date of withdrawal (the maturity date). There exists restriction in accessing the funds until the maturity date of the investment. The maturity rates vary from 30 days to six months or more and the amount of the face value also vary greatly. Certificates of deposit (CDs) are less liquid and have higher interest rates. Interest rates are the amount charged by a lender to a borrower for using his or her assets.
Compared to money market accounts, CDs are less liquid and have higher interest rates. So, option A is correct.
Certificates of deposit (CDs) allude to a sparing certificate issued by a federally chartered bank that includes a settled interest rate and settled date of withdrawal (the maturity date). There exists a restriction in getting to the reserves until the maturity date of the investment.
The maturity rates change from 30 days to six months or more and the sum of the confront esteem moreover shifts significantly. Certificates of store (CDs) are less fluid and have higher interest rates. Intrigued rates are the sum charged by a bank to a borrower for utilizing the resources.
Therefore, the correct option is option A.
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What are you primarily doing when you reconcile your checking account?
a.
Making sure the bank spelled your name properly.
b.
Making sure that your records match your bank’s records.
c.
Writing down the transactions that your bank automatically records so you don’t have to.
d.
Calling the bank to check the dates on each transaction.
I believe the answer is: B. Making sure that your records match your bank’s records.
During this process, it is very common to see some difference between your records and the bank's. This could be caused by occurrence such as outstanding check, mistakes during recording, insufficient funds, etc. In order to fix this, you need to make an adjustment to find out why the difference occurs.
In a market economy, prices are established by
A)
consumers and labor unions.
B)
decree of government agencies.
C)
the interaction of supply and demand.
D)
businesses which buy and sell the products.
If the Federal Reserve lowers the federal funds rate, what will happen to bank savings accounts?
A. The interest rate offered would decrease
B. The interest rate offered would increase
C. The interest rate will automatically be set to zero
D. The interest rate will remain the same
What role does government regulation serve in business?
what does acronym OSHA stand for?
What is the minimum number of different résumé formats that an individual should have prepared?
a.
1
b.
2
c.
3
d.
4
I think it's B
A copy of the computer and a hard copy.
That way when 1 gets lost you have a backup.
Final answer:
It is inferred that at least two résumé formats should be prepared to appropriately showcase an individual's experiences and qualifications for different job types and industries.
Explanation:
The minimum number of different résumé formats an individual should have prepared is not explicitly given in one answer. However, considering the provided information, we can infer that having multiple formats is beneficial. The formats discussed include functional (skills), hybrid, and potentially others based on the job seeker's experiences and the requirements of specific fields they're applying to. Since career experts debate which style is the best and it's recommended to customize résumés to best present one's experiences and qualifications, at least two résumé formats are prudent to have. One could be a general format and another tailored for a specific industry or job type.
A company starts out with 800 units of a particular item in inventory.Assume that their cost is $10 each.Over the next three months it buys 100 more units at $11 each,and then 50 more units at $12 each.If it sold 200 units during that three months,and it uses the LIFO method,you would assume that all of the remaining units should be valued at each