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Business Accounting and Bookkeeping

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Queenie Botsford

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Cards in this guide (22)
How soon after you are denied credit must you receive notice both verbally and by letter

If you are denied credit, the Equal Credit Opportunity Act requires that the creditor give you a notice that tells you the specific reason your application was rejected or the fact that you have the right to learn the reason if you ask within 60 days. If your credit application was due to information obtained from your credit report, the Fair Cedit Reporting Act requires the creditor to give you the name, address and phone number of the credit reporting agency that supplied the information. The credit reporting agency can tell you what is in your report but only the creditor can tell you why your applicaton was denied.

Are Morgan Stanley money market checking accounts FDIC insured

Yes

Which of these is the best description of delinquency

It is the condition whereby the scheduled repayment of a loan has not been received by a specified due date.

What is done with the finance charge assessed by a credit card company

added to the balance

Which of these is considered to be the credit solution of last resort

bankruptcy

This is Paula's monthly budget What percent of her expenses is spent on insurance

20Given Paula's monthly budget, the percentage of expenses spent on insurance can be determined by subtracting all the other expenses from the monthly budget, which leaves you with the anoint spent on insurance.

Does your checkbook balance when you have outstanding checks that total 224.79 an ending balance of 59.56 outstanding deposits of 325.46 and a checkbook balance of 165.15

no

If Patty is taking out a simple interest loan to buy her new 10689 car How much would she pay in interest it the rate is 4.5 percent and she pays the loan off in 4 years

She will pay $1,924.02 in interest.

How does spillage occur

classified information is entered unto unclassified information

Can you save money using an auto loan calculator before buying a car

Auto loan calculators are used for determining how much you need to pay for your loans on any automobile that you own. Yes this will help you save money and know how much you will need to save/pay.

What describes the bond between nitrogen and hydrogen

what describes the bond between nitrogen and hrdrogen

Which of these should represent the smallest portion of your budget

mis

Which of these must be budgeted based on an approximation of the previous months expenses

variable expenses

Do you have to have home insurance in Colorado

Home insurance is not required by any state law. Typically only a mortgage company will require home owners insurance.

What is the price you are willing to pay for goods and services based upon

your wants and needs

Which of these does not describe a total consumption budget

it is designed to reach short-term goals

What statement is not true regarding bankruptcy

Creditors must always eliminate the debt owed by the debtor when there is a bankruptcy.

Lisa must adjust her budget to save for a new washer and dryer what is this an example of

Short-term goal

If Cameron has a 21 annual interest rate on his credit card what is his monthly interest rateAsk us anything

1.75%. A+

Which statement is true

Nixon resigned before he could be impeached. -Apex

Which of the following is the best description of a consumer good

It is something tangible that can be touched or carried

Which of these is an example of a variable expense

Utilities

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