FAMILY BUDGET

Subject:- accounting

Select the correct choice that contains the values that will complete the cash flow of funds for the month of January. The correct answer will have the right values in sequential order for "cash difference", "borrow this period", and "ending cash balance". • The farm does not have a beginning balance for their operating loan. • If they do borrow, the interest cost is 1% per month. You will not have an interest expense in the first month since any borrowed fund will not accrue interest until the next month. • They want to keep a minimum cash balance of $5,000 at the end of each month. • If the farm runs a negative cash balance, funds must be borrowed to maintain the minimum $5,000 cash balance at the end of the month. Flow-of-Funds Summary for January Beginning cash balance Total cash receipts Total cash out flow Cash difference Borrowing this period Payment on operating loan Principal Interest Ending cash balance 방방 $0 $0 ? $12,000 $125,000 $160,000 ? c. ?

I need help with questions 30 through 34 if possible

Chapter 6 Practice Problem #4

​Often, through​ government-supported programs, students may obtain​ "bargain" interest rates such as​ 6% or​ 8% to attend college.​ Frequently, payments are not due and interest does not accumulate until the student stops attending college. A student has borrowed ​$52,000 at an annual interest rate of 6.8​%. Calculate the amount of interest due 5 months after the student must begin payments.       Question content area bottom Part 1 The interest due is ​$enter your response here. ​(Round to the nearest cent as​ needed.)

Evaluating debt safety ratio.  Use Worksheet 6.1. Chloe Young is evaluating her debt safety ratio. Her monthly take- home pay is $3,320. Each month, she pays $380 for an auto loan, $120 on a personal line of credit, $60 on a department store charge card, and $85 on her bank credit card. Complete Worksheet 6.1 by listing Chloe’s outstanding debts, and then calculate her debt safety ratio. Given her current take-home pay, what is the maximum amount of monthly debt payments that Chloe can have if she wants her debt safety ratio to be 12.5 percent? Given her current monthly debt payment load, what would Chloe’s take-home pay have to be if she wanted a 12.5 percent debt safety ratio?

Chapter 6 Practice Problem #2

Solve urgent i will rate Madeline Rollins is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now, Madeline is living at home and works in a shoe store, earning a gross income of $1,220 per month. Her employer deducts a total of $300 for taxes from her monthly pay. Madeline also pays $180 on several credit card debts each month. The loan she needs for chiropractic school will cost an additional $270 per month. Calculate her debt payments-to-income ratio with and without the college loan. (Remember the 20 percent rule.) (Enter your answers as a percent rounded to 2 decimal places.) Can she currently afford the school loan? multiple choice Yes No

Finance

Business /Finance / Q&A Library / elena's son enter college 16 year from now. At the time she would like to have $20,0 elena's son enter college 16 year from now. At the time sh Question elena's son enter college 16 year from now. At the time she would like to have $20,000 available for college expenses. For that pur,her bank will set up an account that pay 7% compounded. If she makes payment into the account at the end of each quarter, what must Elena's payments to be achieve her goal Expert Answer Step 1

Practice (Simple and Compound) 9. Beau's grandmother started depositing $1000 in a saving account for him each year on his birthday. The account pays 2.5% simple interest. How much interest will the account earn after year 3? Round to the nearest cent. Directions: 1. Write the formula: 2. What are you looking for? 3. Numbers involve in the formula:

You Using the following data, build a debt snowball and show how long it would take to pay off the following debts if the were able to add an additional $150 per month to the debts they were paying off. You may use powerpay.org or the link to the financial calculators on the churches website - https://providentliving.churchofjesuschrist.org/self-reliance/finances/financial-calculator?lang=engLinks to an external site. Credit Card Debt: Balance: $800 Minimum Payment: $50 Interest Rate: 18% Medical Bill: Balance: $1,200 Minimum Payment: $70 Interest Rate: 5% Personal Loan: Balance: $2,500 Minimum Payment: $100 Interest Rate: 10% Car Loan: Balance: $5,000 Minimum Payment: $150 Interest Rate: 7% Student Loan: Balance: $10,000 Minimum Payment: $200 Interest Rate: 6% If they continue making the minimum payment how long will it take to pay the debt off? If they use the snowball method how long will it take to pay the debt off? If they use the snowball method and once the debt is paid off…

Personal loans Payday loans Student loans [Choose ] [Choose ] are offered to college students and their families to help cover cost of higher education. are short-term, high-interest loans designed to bridge the gap from one paycheck to the next can be used for any expense and doesn't have a designated purpose. [Choose ]

Calculating debt safety ratio using Worksheet 7.1.  Prepare an inventory of Leo’s consumer debt. Find his debt safety ratio given that his take-home pay is $2,500 per month. Would you consider this ratio to be good or bad? Explain.    Every six months, Leo Perez takes an inventory of the consumer debts that he has outstanding. His latest tally shows that he still owes $4,000 on a home improvement loan (monthly payments of $125); he is making $85 monthly payments on a personal loan with a remaining balance of $750; he has a $2,000, secured, single-payment loan that’s due late next year; he still owes $8,600 on a new car loan (monthly payments of $375); and he has a $960 balance on his MasterCard (minimum payment of $40), a $70 balance on his Shell credit card (balance due in 30 days), and a $1,200 balance on a personal line of credit ($60 monthly payments).