Faq

Social Studies
Step-by-step answer
P Answered by Specialist

1.The answer is “money you earn from working or get from investing.”

Income is money that an individual or business gets in return for giving a decent or benefit or through contributing capital. Salary is utilized to subsidize everyday uses.  

Investments, benefits and Social Security are essential wellsprings of salary for retirees. In organizations, salary can allude to an organization's residual incomes in the wake of paying all costs and expenses. For this situation, wage is alluded to as "earnings." Most types of pay are liable to tax assessment.  

2.The answer is “money left over after buying what is wanted or needed”.

Savings allude to money you set aside for some time later as opposed to spending it quickly. Notwithstanding the advantages of setting something aside for future buys, deferring a drive buy additionally encourages you choose whether it is something you truly require, or a misuse of cash you will lament not long after purchasing.  

3.The answer is “a budget”.

Budgeting is the way toward making an arrangement to spend your cash. This spending plan is known as a financial plan. Making this spending plan enables you to decide ahead of time whether you will have enough cash to do the things you have to do or might want to do.  

On the off chance that you don't have enough cash to do all that you might want to do, at that point you can utilize this arranging procedure to organize your spending and concentrate your cash on the things that are most essential to you.  

4. The answer is “a financial investment”.

A financial investment is an asset that you place cash into with the expectation that it will develop or acknowledge into a bigger total of cash. The thought is that you can later offer it at a higher cost or win cash on it while you possess it. You might look develop something throughout the following year, for example, putting something aside for an auto, or over the course of the following 30 years, for example, putting something aside for retirement.  

5. The answer is “Saving money can help you prepare for unexpected expenses.”

One of the best ways to assume responsibility of your funds in the present indeterminate economy is to gather a solid investment account. Sparing gives a budgetary "fence" forever's vulnerabilities and builds sentiments of security and genuine feelings of serenity. Once a sufficient rainy day account is built up, reserve funds can likewise give the "seed cash" for higher-yielding ventures, for example, stocks, securities, and common assets.

6. The answer is “wages.”

A wage is monetary compensation paid by a business to a worker in return for work done. Installment might be computed as a settled sum for each errand finished (an undertaking compensation or piece rate), or at a hourly or day by day rate (wage work), or in view of an effectively estimated amount of work done.  

Wages are a piece of the costs that are associated with maintaining a business.  

7. The answer is “Low.”

A low interest credit card could help spare you cash on regularly scheduled installments. A low interest credit card is by and large a solid match for somebody who conveys a parity from month to month. Some low intrigue Visas accompany a 0% starting rate while others have a low, continuous rate. Be that as it may, recollect that these cards by and large require a decent to magnificent FICO assessment for endorsement.  

8. The answer is “credit history.”

A credit history is a record of a borrower's dependable reimbursement of debts. A credit report is a record of the borrower's record from various sources, including banks, Visa organizations, accumulation offices, and governments. A borrower's FICO rating is the aftereffect of a numerical calculation connected to a credit report and different wellsprings of data to anticipate future delinquency.  

9. The answer is “access to credit.”

Access to credit is a practical necessity in the present economy. Considerably more than a way to make buys, credit empowers people and organizations to address regular issues. It's a pitiful reality that numerous individuals don't understand the significance of credit until the point when their entrance winds up constrained.  

Individuals without credit access to end up bargained in their decisions of lodging and work, and regularly swing to disadvantageous banks to pay for crises.  

10. The answer is “by charging interest.”

Credit card organizations profit by gathering expenses. Out of the different expenses, intrigue charges are the essential wellspring of income. At the point when Mastercard clients neglect to satisfy their bill toward the month's end, the bank is permitted to charge enthusiasm on the acquired sum. Different expenses, for example, yearly charges and late charges, likewise contribute, however to a lesser degree. Another real wellspring of wage for Visa organizations are expenses gathered from traders who acknowledge card installments.  


Which best describes income?  question 1 options:  money borrowed from a credit union. credit offere
Which best describes income?  question 1 options:  money borrowed from a credit union. credit offere
Which best describes income?  question 1 options:  money borrowed from a credit union. credit offere
Which best describes income?  question 1 options:  money borrowed from a credit union. credit offere
Social Studies
Step-by-step answer
P Answered by Master

1.The answer is “money you earn from working or get from investing.”

Income is money that an individual or business gets in return for giving a decent or benefit or through contributing capital. Salary is utilized to subsidize everyday uses.  

Investments, benefits and Social Security are essential wellsprings of salary for retirees. In organizations, salary can allude to an organization's residual incomes in the wake of paying all costs and expenses. For this situation, wage is alluded to as "earnings." Most types of pay are liable to tax assessment.  

2.The answer is “money left over after buying what is wanted or needed”.

Savings allude to money you set aside for some time later as opposed to spending it quickly. Notwithstanding the advantages of setting something aside for future buys, deferring a drive buy additionally encourages you choose whether it is something you truly require, or a misuse of cash you will lament not long after purchasing.  

3.The answer is “a budget”.

Budgeting is the way toward making an arrangement to spend your cash. This spending plan is known as a financial plan. Making this spending plan enables you to decide ahead of time whether you will have enough cash to do the things you have to do or might want to do.  

On the off chance that you don't have enough cash to do all that you might want to do, at that point you can utilize this arranging procedure to organize your spending and concentrate your cash on the things that are most essential to you.  

4. The answer is “a financial investment”.

A financial investment is an asset that you place cash into with the expectation that it will develop or acknowledge into a bigger total of cash. The thought is that you can later offer it at a higher cost or win cash on it while you possess it. You might look develop something throughout the following year, for example, putting something aside for an auto, or over the course of the following 30 years, for example, putting something aside for retirement.  

5. The answer is “Saving money can help you prepare for unexpected expenses.”

One of the best ways to assume responsibility of your funds in the present indeterminate economy is to gather a solid investment account. Sparing gives a budgetary "fence" forever's vulnerabilities and builds sentiments of security and genuine feelings of serenity. Once a sufficient rainy day account is built up, reserve funds can likewise give the "seed cash" for higher-yielding ventures, for example, stocks, securities, and common assets.

6. The answer is “wages.”

A wage is monetary compensation paid by a business to a worker in return for work done. Installment might be computed as a settled sum for each errand finished (an undertaking compensation or piece rate), or at a hourly or day by day rate (wage work), or in view of an effectively estimated amount of work done.  

Wages are a piece of the costs that are associated with maintaining a business.  

7. The answer is “Low.”

A low interest credit card could help spare you cash on regularly scheduled installments. A low interest credit card is by and large a solid match for somebody who conveys a parity from month to month. Some low intrigue Visas accompany a 0% starting rate while others have a low, continuous rate. Be that as it may, recollect that these cards by and large require a decent to magnificent FICO assessment for endorsement.  

8. The answer is “credit history.”

A credit history is a record of a borrower's dependable reimbursement of debts. A credit report is a record of the borrower's record from various sources, including banks, Visa organizations, accumulation offices, and governments. A borrower's FICO rating is the aftereffect of a numerical calculation connected to a credit report and different wellsprings of data to anticipate future delinquency.  

9. The answer is “access to credit.”

Access to credit is a practical necessity in the present economy. Considerably more than a way to make buys, credit empowers people and organizations to address regular issues. It's a pitiful reality that numerous individuals don't understand the significance of credit until the point when their entrance winds up constrained.  

Individuals without credit access to end up bargained in their decisions of lodging and work, and regularly swing to disadvantageous banks to pay for crises.  

10. The answer is “by charging interest.”

Credit card organizations profit by gathering expenses. Out of the different expenses, intrigue charges are the essential wellspring of income. At the point when Mastercard clients neglect to satisfy their bill toward the month's end, the bank is permitted to charge enthusiasm on the acquired sum. Different expenses, for example, yearly charges and late charges, likewise contribute, however to a lesser degree. Another real wellspring of wage for Visa organizations are expenses gathered from traders who acknowledge card installments.  


Which best describes income?  question 1 options:  money borrowed from a credit union. credit offere
Which best describes income?  question 1 options:  money borrowed from a credit union. credit offere
Which best describes income?  question 1 options:  money borrowed from a credit union. credit offere
Which best describes income?  question 1 options:  money borrowed from a credit union. credit offere
StudenGPT
Step-by-step answer
P Answered by Studen AI
Question 1: Which of these criteria make a person a good cosigner?

Answer: The criteria that make a person a good cosigner are:
b) They have a steady job

Explanation: A person with a steady job is more likely to have a stable income, which indicates their ability to contribute to loan repayments if the borrower fails to do so. Lenders prefer cosigners who have a reliable source of income to ensure that loan payments can be made consistently.

Question 2: How do lenders evaluate if a borrower or cosigner will pay them back?

Answer: Lenders evaluate if a borrower or cosigner will pay them back based on the following criteria:
d) Capacity, collateral, character

Explanation: Capacity refers to the borrower's or cosigner's current financial situation and ability to repay the loan. Collateral refers to any assets the borrower or cosigner has, such as a house or car, which can be used as security for the loan. Character refers to the borrower's or cosigner's past record of paying on time and their overall creditworthiness.

Question 3: What is the correct definition of capacity for potential cosigners?

Answer: The correct definition of capacity for potential cosigners is:
d) The cosigner's current financial situation

Explanation: Capacity refers to the cosigner's ability to repay the loan based on their current financial situation. This includes factors such as income, expenses, and existing debts.

Question 4: What is the correct definition of collateral for potential cosigners?

Answer: The correct definition of collateral for potential cosigners is:
b) The cosigner's financial assets, such as a house or car

Explanation: Collateral refers to the cosigner's assets that can be used as security for the loan. These assets can be seized by the lender if the borrower fails to repay the loan.

Question 5: What is the correct definition of a cosigner for a loan?

Answer: The correct definition of a cosigner for a loan is:
b) Someone who will promise to pay a loan if the borrower doesn't

Explanation: A cosigner is a person who agrees to take responsibility for loan repayment if the borrower is unable or fails to make the required payments.

Question 6: What is the correct definition of character for potential cosigners?

Answer: The correct definition of character for potential cosigners is:
c) The cosigner's past record of paying on time

Explanation: Character refers to the cosigner's creditworthiness and their past history of paying bills and loans on time. It helps demonstrate their trustworthiness and reliability in meeting financial obligations.

Question 7: Why would a borrower get a cosigner for a loan?

Answer: The reason a borrower would get a cosigner for a loan is:
a) They can't qualify for a loan by themselves

Explanation: A borrower may need a cosigner if their own creditworthiness or financial situation is not strong enough to meet the lender's requirements for loan approval. Having a cosigner with a better credit history or financial stability can increase the chances of loan approval.

Question 8: Chris wants to get a cosigner for a car loan. Which person would be the best choice?

Answer: The best choice for a cosigner for Chris's car loan would be:
c) A person with a good credit history and a car and a house

Explanation: A cosigner with a good credit history and significant financial assets like a car and a house provides assurance to the lender that they have the capacity to repay the loan in case Chris defaults. This makes them a strong candidate for a cosigner.

Question 9: Chris asks Sarah to cosign, but she says that she doesn't have good credit history. Which of the following make her unable to cosign for Chris?

Answer: The factor that makes Sarah unable to cosign for Chris is:
b) She has made late payments which affects her character

Explanation: Sarah's history of late payments negatively impacts her character as a cosigner. Lenders consider past punctuality in loan repayments as a sign of responsible financial behavior and are less willing to approve a loan if the cosigner has a track record of late payments.

Question 10: Why would a person refuse to cosign for a loan?

Answer: The reason a person would refuse to cosign for a loan is:
a) They are not prepared to take on another financial obligation

Explanation: Cosigning a loan makes the cosigner equally responsible for the loan repayment. Some individuals may have financial constraints or concerns about their own financial stability, making them unwilling to take on additional financial obligations by cosigning a loan.
Business
Step-by-step answer
P Answered by Master
D) entrepreneur A) self-disciplined. B) develop a business plan. A) borrower's integrity and the soundness of the business idea. A) Restaurants are easy to start up, but difficult to keep going.

Explanation:

1) Entrepreneurship is the process of venturing into new and innovative ways of channelizing resources. It comes with accepting the possibilities of risk while venturing into a business.

2) The quality of self-discipline helps one to control its own actions and emotions in a particular way. It is the ability to remain confident and enthusiastic when others keep on poking at them.

3) A good business plan is very important when one visits SBAs for obtaining financial assistance. One should prepare a promising business plan.

4) The SBAs focus more on borrower's integrity and the soundness of the business idea.  It is important to demonstrate an innovative yet promising business plan to SBAs.

5) Restaurants are easy to start up, but difficult to keep going because restaurants need inflow of regular or daily customers. With tough competition in the market, it is hard to keep customers attracted to one restaurant all the time. When customers change their preferred restaurant, the old restaurant incurs a huge setback.

Business
Step-by-step answer
P Answered by PhD

cannot lease any major assets without bondholder approval

Explanation:

A negative covenant refers to a bond covenant in which it prevents some activities until agreed. It is a promise by a company that are not made excess to some specific financial ratios or not conduct any specific activities

It is to be found in the documents that are related to the bond or loan

Therefore according to the given situation, the first option is correct

Business
Step-by-step answer
P Answered by Specialist
D) entrepreneur A) self-disciplined. B) develop a business plan. A) borrower's integrity and the soundness of the business idea. A) Restaurants are easy to start up, but difficult to keep going.

Explanation:

1) Entrepreneurship is the process of venturing into new and innovative ways of channelizing resources. It comes with accepting the possibilities of risk while venturing into a business.

2) The quality of self-discipline helps one to control its own actions and emotions in a particular way. It is the ability to remain confident and enthusiastic when others keep on poking at them.

3) A good business plan is very important when one visits SBAs for obtaining financial assistance. One should prepare a promising business plan.

4) The SBAs focus more on borrower's integrity and the soundness of the business idea.  It is important to demonstrate an innovative yet promising business plan to SBAs.

5) Restaurants are easy to start up, but difficult to keep going because restaurants need inflow of regular or daily customers. With tough competition in the market, it is hard to keep customers attracted to one restaurant all the time. When customers change their preferred restaurant, the old restaurant incurs a huge setback.

Business
Step-by-step answer
P Answered by PhD

cannot lease any major assets without bondholder approval

Explanation:

A negative covenant refers to a bond covenant in which it prevents some activities until agreed. It is a promise by a company that are not made excess to some specific financial ratios or not conduct any specific activities

It is to be found in the documents that are related to the bond or loan

Therefore according to the given situation, the first option is correct

Mathematics
Step-by-step answer
P Answered by PhD

SI=(P*R*T)/100

P=2000

R=1.5

T=6

SI=(2000*1.5*6)/100

=(2000*9)/100

=180

Neil will earn interest of 180

Mathematics
Step-by-step answer
P Answered by PhD

The answer is in the image 

The answer is in the image 

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