Chapter 1 - Bear Bills, Inc.

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Payday loans are one of the most insidious business practices, and their customers seem to end up with a payday ball and chain around their neck that never seems to go away.  This is because the interest and fees associated with these loans are so high that many people get trapped into taking one after the other over and over again.  Rarely do payday loans end up being the short-term solution they claim.  On the business front, there are working capital loans.  Do you think that these are a good idea and a valid solution to help manage working capital, or do you think that these are the business equivalent of payday loans?

if your personal credit is shaky at the moment and you dont have a lot of cash to invest in a new business, what steps could take to get a new company going?

A. Determine the decision nature of each of the following issues: What are the least expensive sources of funds for the firm? A large retailer such as LuLu Hypermarket, deciding whether to open another store? Will we purchase on credit or will we borrow in the short term and pay cash? The decision to develop and market a new software by a company such as Microsoft. Choosing among lenders and among loan types?

Allison needs to borrow money to become a software engineer. Suppose that compensation of software engineers is expected to increase. Assuming nothing else changes, this means that if Allison borrows now, her cost of borrowing money is expected to decrease due to the following factor: Rising compensation of software engineers provokes inflation. Rising benefits of becoming a software engineer. Decreasing preferences for future consumption. Which of the following events could decrease the cost of money? Check all that apply. The country exports more than it imports Inflation increases The Federal Reserve purchases Treasury securities held by banks The federal deficit increases O O O O

Which of the following is a benefit of selling on credit? Select one: Expenses are reduced by making sales to a wide range of customers. Revenues are increased by making sales to a wider range of customers. Cash is received sooner. Some customers do not pay, creating an expense. Clear my choice

Think about the ease of moving money. Give four examples of how you might use ACH transactions.  Besides convenience how might this benefit people? How we can use innovative methods of handling our money to benefit the economy at large?

What is a mathematical model? Give two examples of mathematical models (e.g. present value of money, interest etc). Do not use break-even as an example. A mathematical model can be as simple as one multiplication such as calculating sales tax. Think of one that you might use in your daily life.

I am currently working on a study guide and came across the following question.  Which of the following statements correctly reflects the effects of granting credit to customers? a) total revenues may increase if both the quantity sold and the price per unit increase when credit is granted b) a firm's cash cycle generally increases if credit is granted, all else equal c) both the cost of default and the cost of discounts must be considered before granting credit d) a firm may have to increase its borrowing if it decides to grant credit to its new customers e) all of the above   My professor stated that the answer is all of the above, but after going through the readings and resources provided I could not find a way to understand how each answer is considered to be correct. I also e-mailed my professor and am waiting for a response, so I decided to post my question here as well.

Blank in sentence?  Increase or decrease need help with all 3 questions

What are the major flaws with NPV? What are the major flaws with IRR? If you are going to a bank and trying to get a loan, which is the best method to use (NPV, IRR, Payback period)?

QuickBank has decided to lower the interest rate it charges on business loans in order to attract more business. It has succeeded in boosting the number of loan applications, but it finds that many of the applicants turn out to be very poor credit risks. This illustrates the problem known as adverse selection moral hazard the principal-agent porblem diversification

Car title lenders are considered to be predatory lenders, since they charge high rates of interest to those individuals whocan least afford it. Various laws in recent years have attempted to curb the high interest ratesand these practices. Car title lenders still operate and some would argue that they fill a need insociety. Individuals using car title lender services typically are poor and have no other way toborrow funds. An LA Times report in 2015 stated that about 1 out of 9 car title loans end in theborrower’s car being repossessed.An NBC report found that the average car title loan is $950, and borrowers take an average of10 months to repay the loan. Typically, consumers can borrow up to 26% of the value of theircars and the lender charges 25% per month. This interest rate means a consumer borrowing$950 would pay about $238 per month in interest, or $2,375 over the 10-month period that the$950 was borrowed.One consumer lender is LoanMax, which loans cash in exchange for a car…

1. Practicing good financial management while still in college benefits you because: A. Budgets keep you focused and eliminate waste B. You will most likely be earning more money once you complete your education C. Poor credit decisions will haunt you in the future D. All of these   2. Money wasters include: A. Toothpaste B. Groceries C. Rent D. All of these E. None of these   3. When applying for credit, lenders will consider your: A. Capacity B. Collateral C. Character D. All of these E. None of these

Examples of opportunity costs include: not getting a high yield because you have set aside funds in a low risk investment. ☐not having as much money in savings because you purchased new appliances to save energy costs. trading in a large car with poor gas mileage for a smaller car that is fuel-efficient. delaying investment while waiting for the time value of money to increase the pay received. having enough money to save for retirement and to pay for current expenses.

Which of the following is a reason that a Birch Inc. would not offer a sales discount to its business customers? Sales discounts would decrease Birch's profit margin and net income. Sales discounts encourage customers to pay Birch quicker than without the sales discount. Sales discounts would help reduce the amount of uncollectible customer accounts. Sales discounts would reduce the potential for Birch having to borrow money to keep up its operating cycle.

- (About the ease of moving money) Give four examples of how we might use ACH transactions. Besides convenience how might this benefit people? - How we can use innovative methods of handling our money to benefit the economy at large?

As inflation rises, people will tend to go to the bank more often. This is known as menu costs. go to the bank more often. This is known as shoeleather costs. go to the bank less often. This is known as the inflation fallacy. go to the bank less often. This is known as redistribution costs

Now that Hurd has more specifically located the source of the economic exposure, Unit B, it is considering ways to hedge this exposure. Since Unit B finances some of its operations, one idea being considered by Hurd management is a change the financial structure of Unit B to a mix of financing in dollars and financing in pounds. Note: Assume the interest rate on pounds is approximately equal to the interest rate on dollars. Career Success Tips ates, Unit B will need revenue of Unit B. TOTAL SCORE: 2/3 more fewer dollars for loan payments, which would partially offset the effect of this appreciation on the Grade Final Step