Why is it important to be consistent and pay your bills on time every time?

Q: How does the time value of money affect you personally and professionally.

A: The time value of money is a financial concept that suggests that a certain amount of money today is…

Q: Why should we call an annuity a periodic payment problem?

A: Annuity- An annuity is a contract between an individual and an insurance company in which the…

Q: An employee opens customer payments, records them, and delivers the deposit to the bank is pressure,…

A: Fraud triangle is a theory used in auditing according to which there are three elements to cause the…

Q: Almost all goods and services are perishable, meaning they lose value in time. Money is made…

A: So when we talk about the perishable nature ,we generally mean that it will go bad or the value will…

Q: Does the Paying Off through Cards Saves a lot?

A: No Paying off through cards doesn’t save a lot.

Q: Is granting credit to customers good? And as a future business owner how would you handle or manage…

A: Explanation to Credit When products are sold to customers on credit and customers agree to pay the…

Q: Why is it important to choose checking and savings account that suits you best?

A: A checking account is that account which is for day to day spending. This is the account where the…

Q: How would you explain the concept of time value of money to someone hearing about it for the first…

A: Time value of money is an important topic used in investment appraisals.

Q: Answer true or false no need explanation.   1. Most thru -hiker have a good understanding of their…

A: A recession is a time period when the economy of the country faces a heavy downfall. This downfall…

Q: What are some examples of income shortages when one retires?

A: Retirement planning means the process of planning the financial benefits during the work life and…

Q: How can I manage keep my credit score high?

A: Credit Score: A credit score may be a range between 300–850 that depicts a consumer's…

Q: What are some simple ways that a small business can shorten the Accounts Receivable (A/R) cycle?

A: Account receivable refers to the amount that the business organization recovers from its customers.…

Q: If you were a wise credit card user, under which of the following conditions would you consider…

A: Here the situation is person using the credit card and want to consider using the credit card to…

Q: what is the best thing to consider in solving general ordinary annuity?

A: Annuity means a set of finite number of payments which are the same in size and made in equal…

Q: Explain why a loan officer always looks at a credit report before making a loan. What should you do…

A: The credit report is a way of assessing the credit history of the person seeking loan. By looking at…

Q: When can we used credit union?

A: Credit unions are the institutions or co-operatives that give banking services. These unions are…

Q: How can you have a good credit history?

A: Good credit history can be maintained by complying with the terms and conditions and ensuring that…

Q: Both the stock market and and unemployment insurance provide volatile payments that depend on…

A: The stock market is a platform where shares of publicly traded companies are bought and sold. The…

Q: Your company provides credit to customers. Someof these customers default on their loans, with…

A: Discriminant analysis is the analysis which provide the permission to organization in determining…

Q: How has the credit crisis May have adversely affected many homeowners and mortgage companies?

A: Homeowners insurance policies are defined as the type of an insurance policies, which usually covers…

Q: Thinking about various payment terms for Accounts Payable, do you feel it is always valuable for a…

A: The prime rate means the lowest borrowing rate of money.

Q: What are some instances of an ordinary annuity and annuity due in the real worl

A: This question tells about instances of an ordinary annuity and annuity due in the real world

Q: Why is banking a necessity in our day-to-day life?

A: Banking involves accepting deposits from the surplus units and lending the money to those in need…

Q: hat is a mathematical model? Give two examples of mathematical models (e.g. present value of money,…

A: A mathematical model is one in which we describe a situation using a mathematical equation.…

Q: find the average daily balance

A: The method which takes daily balances into consideration rather than weekly or monthly balances is…

Q: What is grace period? O The amount of time you have before your payment is due. O The amount of time…

A: Ans.  None of the above

Q: ich of the following is a responsible financial decision? Making a down payment on a loan. O…

A: Responsible financial decisions involves taking planned and wise decisions to avoid any financial…

Q: If the question doesn’t state when payments are made- is the default ordinary annuity?

A: Annnuity is the series of reccuring payment made at regular interval.

Q: The economy is said to be entering a recession but your company needs to borrow money for an…

A: Recession: Recession is a slowdown of economic activity. In recession there is an increase in…

Q: What is the real interest rate on your savings account?

A: Real Interest Rate = Nominal Interest Rate − Inflation Rate

Q: Do you think that IFRS 9 may make loans more expensive for borrowers?  Implementation of IFRS 9 will…

A: IFRS 9 follows the expected credit loss model, which regulated the provisioning to be done by the…

Q: What features of a tax-free savings account (TFSA) allow it to be considered a very flexible savings…

A: A tax-free savings account is the one in which the income earned is not chargeable to tax. The…

Q: How can a good credit score help you obtain the job you want?

A: Credit scores are given by the credit agencies based on the credit habits of the borrower and how he…

Q: Explain why a loàn pays off faster if you make extra payments.

A: When you take a loan then you pay a fixed amount each period towards the loan. The fixed amount…

Q: What increases your credit score

A: Credit scores are given by banks to customers.Credit scores are very important to get credit from…

Q: What can you do if you cannot pay your credit bills?

A: Billing statement is defined as a periodic statement used to list all the payments, purchases,…

Q: nt stud

A: Introduction : In simple words, student loans refers to the amount borrowed by individuals to…

Q: Why do you think businesses extend credit to customers thereby creating accounts receivable?

A: Account receivable means where goods has been sold on credit and amount has not been received.…

Q: What is a credit score? O The number of credit cards a person has. O The number of years a person…

A: Credit score is a 3 digit number ranging from 300 to 900 representing the creditworthiness of the…

Q: What can you do to build and maintain your credit rating? Why is this important

A: Credit score is used to assess the quality of the credit of the borrower And it is based on 4…