The Ellerbee Corporation provides a retirement plan where it sets up an individual account for each employee and the corporational one contributes a percentage of the employee’s salary to their retirement accounts on an ongoing basis. This is an example of a
a. section 401(k) plan.
b. protected benefit plan.
c. money purchase plan.
d. secure contribution plan.
e. cash balance plan.
Answers
c.) in this scenario, the retirement plan offered by the Ellerbee Corporation aligns with the characteristics of a money purchase plan.
The retirement plan described, where the Ellerbee Corporation sets up individual accounts for employees and contributes a percentage of their salary to their retirement accounts, is an example of a money purchase plan. A money purchase plan is a type of defined contribution plan in which employers make fixed contributions to employees' individual accounts, usually based on a percentage of the employee's salary. These contributions are made on an ongoing basis, typically at regular intervals such as monthly or annually.
Unlike a 401(k) plan, which allows employees to make voluntary contributions, a money purchase plan relies solely on employer contributions. It provides a predictable retirement benefit based on the specified contribution rate. The accumulated funds in the individual accounts can be invested, and the eventual retirement benefit is determined by the performance of the investments and the contributions made over the employee's career.
Therefore, in this scenario, the retirement plan offered by the Ellerbee Corporation aligns with the characteristics of a money purchase plan.
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Related Questions
D. What is the effect on XYZ's accounting equation in June when it remitted the $10,000?
Answers
Answer:
Determination of effect of the listed transactions of Nikea Inc. on the accounting equation:
It is given that In May 2013, Nikea recorded the transaction by debiting accounts receivable for $10,000 and crediting service revenues for $10,000.
Accounts receivable is an asset and debiting assets means increasing the asset. A Service revenue is part of equity and crediting the revenue means increasing the equity.
Hence we can say that this transaction as increased the assets and equity of Nikea Inc.
Explanation:
Determination of effect of the listed transactions of Nikea Inc. on the accounting equation:
It is given that In May 2013, Nikea recorded the transaction by debiting accounts receivable for $10,000 and crediting service revenues for $10,000.
Accounts receivable is an asset and debiting assets means increasing the asset. A Service revenue is part of equity and crediting the revenue means increasing the equity.
Hence we can say that this transaction as increased the assets and equity of Nikea Inc.
_____ include tools and equipment used to produce goods and services.
a. Capital resources
b. Consumer resources
c. Human resources
d. Natural resources
Answers
Answer:
The correct answer is B!
Explanation:
Consumer resources, include tools and equipment used to produce goods and services. Thus, option (b) is correct.
What is goods?
The term goods as the another name was the commodities. The goods are the sold to the exchange of the money. The goods are the produced with the help of raw material. The goods are the based on the two prices, such as the manufacturing prices and retail prices. The goods are the two types are the raw goods and the finished goods.
According to the manufactured goods and services as the companies are the manufacturing to the based on the consumer resources. The foundation is built on economic development. Factors of production are the resources used to create all commodities and services.
As a result, the consumer resources, include tools and equipment used to produce goods and services.
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13. The directors of a firm have to discuss the following topics. Which topic is least likely to be directly affected by
the government's influence on the firm?
A) health and safety laws
B) the interest it pays on borrowed money
C) the minimum wage it must pay its workers
D) the replacement of the director of finance
Answers
Answer:
D) the replacement of the director of finance
Explanation:
The replacement of the director of finance is an internal affair on the company. It is not subject to any government regulations, unlike the other options. In choosing the director of finance, the company directors will select the best candidate for the job according to their judgment. In deciding who will the next director of finance, the directors don't need to consult any other person or regulations.
A) Health and safety laws, interest on loans, and the minimum wages are subject to regulation by government agencies such as OSHA for health and safety and the Federal Reserve for interest rates.
If an economy was in a recession and the government decided to use a supply
side policy to address it, the government would most likely
Answers
Answer:use a Fiscal policy is the use of government spending and tax policy to influence the path of the
economy over time. Graphically, we see that fiscal policy, whether through changes in
spending or taxes, shifts the aggregate demand outward in the case of expansionary fiscal
Explanation:
If a firm's business activities do not result in profit maximization, whilst alternatives exist, then such activities amount to irresponsible actions. Discuss any five sets of economic responsibilities firms must embrace to ensure the protection and enhancement of the business
Answers
Answer:
For companies progress the employer should go for long process in which they can embrace the customer with attractive and responsive policies.
Explanation:
Now, these days companies are coming in front with the issues and responsibilities focus on the rights of women, to protect the environment, to attempt the action to literate the poor people at the level of national, international, and global levels. The companies that want to attract people at a global level they share an attractive hoarding for a customer as well as the shareholders.
To become responsible the company can use the image and be built the brand of the company.Social responsibility makes the employee responsible and encourages them to do something worthwhile for society.Social responsibility can empower the employee.To promote the social responsibilities that can boost the morale of employees.
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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Consider a loanable funds market of Pakistan. Suppose, if government want to implement the policy to provide incentives on savings by allowing people to shield their savings by opening Retirement Accounts with commercial banks. What is the effect of this policy on the market for loanable finds
Answers
Answer:
The supply of loanable fund will increase.
Explanation:
If the government provides incentives on the savings then the people will induce to save more. Therefore, in the loanable market, the supply of loanable funds will increase because the commercial bank uses the money which a person save in banks. Thus the supply of loanable fund will increase in the market.
An important quality characteristic used by the manufacturer of Boston and Vermont asphalt shingles is the amount of moisture the shingles contain when they are packaged. Customers may feel that they have purchased a product lacking in quality if they find moisture and wet shingles inside the packaging. IIn some cases, excessive moisture can cause the granules attached to the shingles for texture and coloring purposes to fall off the shingles, resulting in appearance problems. To monitor the amount of moisture present, the company conducts moisture tests. A shingle is weighed and then dried. The shingle is then reweighed, and based on the amount of moisture taken out of the product, the pounds of moisture per 100 square feet are calculated. The company would like to show that the mean moisture content is less than 0.35 pound per 100 square feet. The file Moisture includes 36 measurements (in pounds per 100 square feet) for Boston shingles and 31 for Vermont shingles. a. For the Boston shingles, is there evidence at the 0.05 level of significance that the population mean moisture content is less than 0.35 pound per 100 square feet? b. Interpret the meaning of the p-value in (a). c. For the Vermont shingles, is there evidence at the 0.05 level of significance that the population mean moisture content is less than 0.35 pound per 100 square feet? d. Interpret the meaning of the p-value in (c).
Answers
The analysis aims to determine if there is evidence to support the claim that the mean moisture content of Boston and Vermont asphalt shingles is less than 0.35 pound per 100 square feet. The significance level is set at 0.05.
To evaluate the evidence, hypothesis testing is conducted for both the Boston and Vermont shingles.
For the Boston shingles, the null hypothesis (H0) states that the mean moisture content is equal to or greater than 0.35 pound per 100 square feet, while the alternative hypothesis (Ha) states that the mean moisture content is less than 0.35 pound per 100 square feet. Using the given data and conducting a one-sample t-test at a significance level of 0.05, the test statistic and p-value are calculated. If the p-value is less than 0.05, there is sufficient evidence to reject the null hypothesis and conclude that the mean moisture content is less than 0.35 pound per 100 square feet.
The interpretation of the p-value in part (a) is that it represents the probability of obtaining the observed sample mean moisture content, or an even more extreme value, if the true population mean is actually 0.35 pound per 100 square feet. If the p-value is small (less than 0.05), it suggests strong evidence against the null hypothesis and in favor of the alternative hypothesis.
Similarly, for the Vermont shingles, the same hypothesis testing process is conducted to evaluate the evidence and determine if there is sufficient evidence to conclude that the mean moisture content is less than 0.35 pound per 100 square feet at a significance level of 0.05.
The p-value in part (c) has a similar interpretation to part (a), indicating the probability of obtaining the observed sample mean moisture content, or an even more extreme value, assuming the true population mean is 0.35 pound per 100 square feet. If the p-value is less than 0.05, it suggests strong evidence against the null hypothesis and in favor of the alternative hypothesis.
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which task is carried out by book keeping
Answers
Answer:
Explanation:
Invoices and unpaid bills are one of the most important responsibilities of the bookkeeper. A bookkeeper who fails to keep an account of the money flowing into and out of the business, for instance, makes it all too easy to spend money that isn't there.
2. Suppose an investor would like to buy 150 Treasury notes. The investor wants notes with an annual coupon rate of 8%, a 3-year maturity, and semi-annual coupon payments. a. (5 pts) If there were no such Treasury note available, propose a portfolio for this investor (using only Zeroes with maturities up to 3 years) that replicates the cash flows from investing in the Treasury notesabove. b. ( 5 pts) Assuming the yield curve is flat at 4.5% for bonds with maturities of up to 3 years, calculate the prices of the Zeroes in your portfolio from part (a). Using these prices, compute the no-arbitrage price of a Treasury note. c. (5 pts) Now suppose there is a 3-year, 8% coupon rate Treasury note available that has a YTM of 5%. Would the investor above prefer to buy 150 Treasury notes or the portfolio of Zeroes identified in part (a)? d. (5 pts) Find a costless and riskless trading strategy that makes an instantaneous profit by buying or selling the Treasury note and the portfolio of zeroes. e. (5 pts) If this costless strategy required that you put up 50% collateral for the short sales, would you be willing to use all of your available capital for collateral in this strategy?
Answers
If there were no such Treasury note available, propose a portfolio for this investor (using only Zeroes with maturities up to 3 years) that replicates the cash flows from investing in the Treasury notes above.
To replicate the cash flows from investing in the Treasury notes, we can construct a portfolio of Zeroes with maturities up to 3 years. In this case, the investor wants notes with an annual coupon rate of 8% and semi-annual coupon payments. Since the Treasury notes have a 3-year maturity, we can use Zeroes with maturities of 6 months, 1 year, 1.5 years, 2 years, 2.5 years, and 3 years.
b. Assuming the yield curve is flat at 4.5% for bonds with maturities of up to 3 years, calculate the prices of the Zeroes in your portfolio from part (a). Using these prices, compute the no-arbitrage price of a Treasury note.
Given a flat yield curve at 4.5%, we can use the formula for the price of a Zero:
\(Price = Face Value / (1 + Yield/2)^(2 * Number of Periods)\)
Using this formula, we can calculate the prices of the Zeroes in the portfolio from part (a) as follows:
- For the Zero with 6-month maturity: Price = Face Value / (1 + 0.045/2)^(2 * 0.5)
= Face Value / (1.0225)^(1)
= Face Value / 1.0225
- For the Zero with 1-year maturity: Price = Face Value / (1 + 0.045/2)^(2 * 1)
= Face Value / (1.0225)^(2)
= Face Value / 1.0456
- For the Zero with 1.5-year maturity: Price = Face Value / (1 + 0.045/2)^(2 * 1.5)
= Face Value / (1.0225)^(3)
= Face Value / 1.06868
- For the Zero with 2-year maturity: Price = Face Value / (1 + 0.045/2)^(2 * 2)
= Face Value / (1.0225)^(4)
= Face Value / 1.09208
- For the Zero with 2.5-year maturity: Price = Face Value / (1 + 0.045/2)^(2 * 2.5)
= Face Value / (1.0225)^(5)
= Face Value / 1.11556
- For the Zero with 3-year maturity: Price = Face Value / (1 + 0.045/2)^(2 * 3)
= Face Value / (1.0225)^(6)
= Face Value / 1.13913
To compute the no-arbitrage price of a Treasury note, we sum up the prices of the Zeroes in the portfolio. Since the investor wants to buy 150 Treasury notes, we multiply the sum by 150.
c. Now suppose there is a 3-year, 8% coupon rate Treasury note available that has a YTM of 5%. Would the investor above prefer to buy 150 Treasury notes or the portfolio of Zeroes identified in part (a)?
To determine the investor's preference, we compare the yield to maturity (YTM) of the Treasury note (5%) with the yield curve (4.5%).
If the YTM of the Treasury note is lower than the yield curve, the Treasury note is undervalued, and it would be more favorable for the investor to buy the Treasury notes.
Conversely, if the YTM is higher than the yield curve, the Treasury note is overvalued, and it would be more favorable for the investor to buy the portfolio of Zeroes.
In this case, the YTM of the Treasury note (5%) is higher than the yield curve (4.5%). Therefore, the investor would prefer to buy the portfolio of Zeroes identified in part (a) since the Treasury note is overvalued.
d. Find a costless and riskless trading strategy that makes an instantaneous profit by buying or selling the Treasury note and the portfolio of Zeroes.
One possible costless and riskless trading strategy is to sell the overvalued Treasury note and use the proceeds to buy the portfolio of Zeroes. Since the Treasury note is overvalued, the investor can sell it at a higher price than its intrinsic value and use that capital to purchase the Zeroes at their intrinsic value.
This strategy allows the investor to make an instantaneous profit without taking on any risk.
e. If this costless strategy required that you put up 50% collateral for the short sales, would you be willing to use all of your available capital for collateral in this strategy?
If this costless strategy required 50% collateral for short sales, the investor would need to put up 50% of the value of the Treasury note as collateral when selling it.
Whether the investor would be willing to use all of their available capital for collateral would depend on their risk tolerance and financial situation.
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Provide five (5) terms that describe the Zone of Uncriticality.
Answers
The Zone of Uncriticality refers to a state or mindset where individuals or groups lack critical thinking skills and exhibit a tendency towards complacency, blind acceptance, and an absence of skepticism.
In this zone, people may unquestioningly accept information or ideas without subjecting them to scrutiny or independent analysis. They may rely on tradition, authority figures, or popular opinion as the basis for their beliefs or decisions, without engaging in critical evaluation or seeking alternative perspectives.
In the Zone of Uncriticality, individuals may be reluctant to challenge prevailing norms or question established practices, often due to a fear of disagreement or a desire to maintain social harmony. This zone can hinder intellectual growth, innovation, and the pursuit of truth. It limits opportunities for learning, discovery, and progress.
Breaking free from the Zone of Uncriticality requires fostering a culture of critical thinking, promoting open dialogue, encouraging intellectual curiosity, and cultivating an environment where diverse viewpoints are valued and respected. By challenging assumptions, asking probing questions, and actively seeking evidence and different perspectives, individuals can move towards a more critical and intellectually engaged mindset.
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Explain the tool of monetary policy a government could use to gain positive balance of payment
Answers
Answer:
What is the tool of monetary policy?
Central banks have four main monetary policy tools: the reserve requirement, open market operations, the discount rate, and interest on reserves. 1 Most central banks also have a lot more tools at their disposal. Here are the four primary tools and how they work together to sustain healthy economic growth.
Explanation:
What causes hyperinflation to occur?
Answers
Overly rapid and excessive money supply expansion Value and pricing are diametrically opposed. As a result, the price level is related to the money supply. these reasons for hyperinflation.
Hyperinflation is the term used to describe a rapid, disproportionate, and unchecked increase in general prices in an economy. Inflation measures how quickly prices are rising for goods and services, whereas hyperinflation is defined as a surge in inflation that generally exceeds 50% each month. Hyperinflation is an uncommon occurrence in Western countries, but it has occurred regularly historically in places like China, Germany, Russia, Hungary, and Georgia. Hyperinflation is the word used to characterise unrestrained, rapid price increases that are consistently high on a monthly basis in an economy. Hyperinflation results from damage to the underlying productive economy.
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Identify a way that a budget can help business people make better decisions.
Answers
Budget gives business people a range of limited money to work with, meaning that they only have so much and no space for bad decisions. Bad decisions will then influence their way of understanding of limit and learn from it. This then pushes business people to make better decisions. Better decisions help them make more profit, increasing their budget.
The first thing that a budget gives to a management team is broader perspective. Before moving forward, an assessment has to be made about where your business stands. The first step in developing a budget is to examine your business's current financial standing. This will give you an idea of where you are in terms of daily operations, of the market as a whole and of plans for expansion and growth. Determining available funds means taking account of where all of your resources are currently being used. Some resources may be tied up in necessary expenditures, while others might be free or negotiable for use in new developments.
The real goal of budgeting is to develop short- and long-term plans. No business intends to stagnate. By carefully assessing your current standing, you have the tools to look into your future plans. Budgeting helps you and your team see what kinds of expansion would be realistic. In other cases, budgeting might reveal areas of wasteful spending that, if cut out, could help you move forward with longer-term projects. Budgeting is valuable here, because it gives you an idea of what is possible. That way, you don't embark on projects that are beyond your means or avoid expansion that is actually possible through reorganization.
The heartbeat of a business is its day-to-day operational expenses. You might want to expand into another country or open a new store, but if you’re having trouble paying your staff, that is out of the question. Budgeting can help you section off funds for daily expenses so that your business can stay afloat during rough times. Budgeting will also help you find the cheapest way to finance your day-to-day business. For example, there is no reason to get tied up in loans and interest to meet basic expenses if you are able to pay for them, interest free, out of your earnings. Budgeting allows you to streamline your business and eliminate roadblocks to growth.
A couple deposits $17,000 into an account earning 2% annual interest for 15 years. Calculate the future value of the investment if the interest is compounded daily. Round your answer to the nearest cent
Answers
The correct answer is $32652 the future value of the investment if the interest is compounded daily.
An investment is a purchase undertaken with the hope of earning money or increasing capital. Appreciation is the term for an asset's value rising over time. When someone invests in something, they do it with the intention of using it to generate money in the future rather than for current consumption. Why investing is crucial. Investing is a smart way to put your money to work and might even make you richer. If you make smart investing choices, your money may increase in value and outpace inflation. The key factors influencing investment's larger growth potential are the power of compounding and the trade-off between risk and return.
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What does an invasion biologist study?
help me
Answers
Answer:
Invasion biology deals with invasive species. If an “invasive” species is defined as a species that spreads to the detriment of economic interests and public health, however, invasion biology could not be easily distinguished from pest management and public health sciences.
Explanation:
XYZ is an established business and has written a business plan in order to request additional funding from a local bank. Unlike a plan for a new business, their business plan will include which information?
Answers
Answer:
Growth Highlights
Explanation:
When a new business is to start up, and it requires funding it shall propose the business idea to investors, but it depends upon the discretion of investors whether or not to invest, and their results are dependent upon the expectations of the business idea.
Whereas when a established business requires further funds, it can state the statistical records and performance reports which shall highlight the growth achieved by the business already.
This shall ensure the investors about their returns in a more confident manner.
Funding from local bank shall include the growth results achieved till now, in order to create the investor confidence.
How can a company hide 2000$ of debts in a double entry journal accounting….. using debits and credits
Answers
please help me!!! I literally have no clue what it is
Answers
Answer:
Critical Thinking,Mathematics, and Operation and Control.
Explanation:
P&g faced a challenge concerning consumer sophistication in the industry. which is the best way to combat this challenge?
Answers
Answer:
Customer Education is the best way to combat this challenge.
What is customer education?Customer Education is content designed to onboard, engage, and retain your new and existing customers that's delivered in a programmatic fashion via in-person and on-demand channels. Customer education is sometimes also referred to as customer training.To learn more about customer education, refer
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what steps are involved in the strategy formulation process?
Answers
Answer: Aspects of Strategy Formulation.
Define the organization and its environment.
Define the strategic mission.
Define and set the strategic objectives.
Define the competitive strategy.
Implementation of strategies.
Evaluate progress and effectiveness.
Explanation:
Carns Company is considering eliminating its small tools division, which reported an operating loss for the recent year of $85,000. Division sales for the year were $1,310,000 and its variable costs were $1,175,000. The fixed costs of the division were $220,000. If the kitchen division is dropped, 45% of the fixed costs allocated it could be eliminated. The impact on Carns’s operating income from eliminating the small tools division would be:
a. $74,200 decrease
b. $36,000 decrease
c. $220,000 decrease
d. $36,000 increase
e. $99. 000 decrease
Answers
The impact on Carnes' working pay from taking out the little instruments division would be a $36,000 decrease.
The option (B) is correct.
Operating income refers to the changed income of an organization after all costs of activity and devaluation are deducted. Costs of the activity or working costs are essentially the costs brought about to keep the business running.
According to the information given in the inquiry,
Current Loss = $85,000
If we don't consider division, then 45% of the fixed cost can be dispensed with, and the leftover 55% of the fixed cost is thought of.
Fixed cost to be applied
= $220,000 × 55%
= $121,000
Enhancing operating loss when division is eliminated
= $121,000 - $85,000
= $36,000
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a marketing manager wants to improve the efficiency and effectiveness of their campaign-management process. they're considering using automated bidding.
Answers
Automated bidding can indeed help improve the efficiency and effectiveness of a marketing campaign-management process. By using automated bidding, the marketing manager can leverage technology to optimize bidding strategies, saving time and effort.
Automated bidding algorithms can analyze data in real-time, making adjustments to bids based on factors like user behavior, ad performance, and competition. This can result in more accurate and timely bidding decisions, leading to improved campaign performance and ROI.
Real-time bidding (RTB) is a process that uses an instantaneous programmatic auction, similar to those seen in financial markets, to buy and sell advertising inventory on a per-impression basis. Real-time bidding allows for instantaneous display of the advertiser's ad on the publisher's website if the bid is successful.
Advertisers may build and execute marketing campaigns, give priority to certain networks, and assign percentages of unsold inventory, or "backfill," thanks to real-time bidding, which enables them to manage and optimize adverts from different ad-networks.
Real-time bidding may be distinguished from static auctions by the fact that it allows bids to be placed per impression, whereas static auctions allow bids to be placed in groups of up to several thousand impressions.
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is a measurement of standard of living that includes education and
clean running water.
A. Financial wealth
B. Access to necessities
C. Income
D. Material wealth
Answers
Selma deposited a paycheck for $378. 42. She’ll use the check register to record her transaction. What will be her new balance? A checking account has a balance of 2636 dollars and 41 cents. $2,257. 99 $2,337. 06 $3,014. 83 $3,057. 31.
Answers
Answer:
$3,014. 83
Explanation:
So basically, just add the checking account balance to the amount she's depositing. So the equation should look like $378.42 + 2,636.41. Add it all up and you get $3,014.83
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what are the importance of a scale ?
Answers
Answer:
The importance of scale is given below.
Explanation:
Scale becomes making it more effective also because of the severity of the challenges faced throughout environments including certain reducing inequality, the community, gender inequality as well as infrastructure need on-scale approaches. They are therefore merge-border in natural surroundings and therefore not based exclusively towards one venue.Which countries are referred to as Andean? Identify two Pre-European civilizations where coca leaves were cultivated and used Describe how the Andeans and other Pre-European civilizations of the Americas claim that they discovered Coca leaves. Describe how Pre-European civilizations of the Americas used coca leaves and contrast how European colonizers used coca leaves after they conquered the Americas.
Answers
The countries referred to as Andean are primarily located in the Andean region of South America, which includes Bolivia, Colombia, Ecuador, Peru, and parts of Chile and Argentina.
Two Pre-European civilizations where coca leaves were cultivated and used are the Inca civilization and the Moche civilization. These civilizations, particularly the Inca, had a deep cultural and spiritual connection to coca leaves.
The Andeans and other Pre-European civilizations of the Americas claim that they discovered coca leaves based on their long-standing historical and cultural practices. Coca leaves were used for various purposes, including medicinal, religious, and social rituals. They were chewed or brewed into teas to provide energy, alleviate hunger, and combat altitude sickness.
However, after the European colonizers conquered the Americas, their perspective and use of coca leaves differed significantly. Europeans initially dismissed coca as a primitive plant, but later recognized its stimulant properties. They extracted cocaine from coca leaves, which was used for medicinal purposes and eventually became a recreational drug. The European colonizers commercialized the production and trade of coca, exploiting indigenous labor and contributing to the negative social and health effects associated with cocaine use.
In summary, the Andean countries include Bolivia, Colombia, Ecuador, Peru, and parts of Chile and Argentina. The Inca and Moche civilizations were two Pre-European civilizations that cultivated and used coca leaves. The Andean and other Pre-European civilizations viewed coca leaves as a significant cultural and spiritual element, while European colonizers exploited the plant for commercial purposes, ultimately leading to the production and abuse of cocaine.
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highlight four reasons why a seller would prepare a proforma invoice???
Answers
Answer:
Pro forma invoices are sent to buyers ahead of a shipment or delivery of goods or services. Most pro forma invoices provide the buyer with a precise sale price. A pro forma invoice requires only enough information to allow customs to determine the duties needed from a general examination of the included goods.
Explanation:
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if congress decide to regulate how soical media companies gather and use the data of their user, explain how these companies could use the
Answers
Bart graduated college with $40,000 in student loan and credit card
debt and is extremely worried about how he'll pay it back. His best friend
Miguel has the same exact debt and isn't worried at all. What could explain
why these two people have different levels of concern about the same
situation?
Answers
These two people have different levels of concern about the same situation depending on the situation that they are in and the date of the repayment.
What is debt?
Debt may be defined as the sum that the borrower owes the lender. A debt is an amount of money that has been borrowed for a dedicated amount of span and must be repaid, plus interest.
Bart may have some kind of debt that he may need to fulfill and there will be some changes that will come with it as the date of the repayment and the money in hand can also be the major causes.
Miguel may have a job on his hand and was confident that he may pay for the amount that is incurred. Also, he may have some kind of savings that will help him.
Depending on their current circumstances and the payback date, these two persons are concerned about the same scenario to different degrees.
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