What is the value of the loans

Assignment Help Accounting Basics
Reference no: EM132823630

Question - You are in dire need of $300 to cover an unexpected expense, as you are still 5 days away from your next paycheck. A friend mentions that you can get a payday loan. You consider the pros and cons of the decision. For this discussion, describe 3 reasons you should not use a payday loan. Justify your answer with examples and links to specific articles. Can you explain and gives examples or reasons. What is the value of the loans? If you find any outside resources, please label them. Any alternative suggestion solutions are welcome of your thought.

Reference no: EM132823630

Questions Cloud

What do have to put aside annually : If the interest rate is 4% and they start at the end of the year when they both get bonuses from their employers, what do they have to put aside annually?
What strategies will you use to build your personal brand : Share the resume and personal brand tips and examples that you found with your classmates. What strategies will you use to build your personal brand?
Find the derivative of the function : Find the derivative of the function and Determine the equation of the line tangent to the function - Find the derivative of the function
Determine the interest rate implicit in the lease : How, from the perspective of the lessee, is the interest rate implicit in the lease defined? What interest rate would Elliott Ltd use if it could not determine
What is the value of the loans : You are in dire need of $300 to cover an unexpected expense, as you are still 5 days away from your next paycheck. What is the value of the loans
Discuss about future of the commercial space industry : The future of the commercial space industry (summarize the current goals of the major commercial space flight companies and their plans for the future)
Find what are three elements of the definition for liability : Find What are the three elements of the definition for liabilities? List from GST payable items that are classified as liabilities and explain why, or why not
What is the balance in Accounts Receivable at June : During the month, the company had credit sales of $25,000 and collected Accounts Receivable of $27,000. What is the balance in Accounts Receivable at June 30
What is the departments role within the organization : You have been hired to manage a particular aspect of the new adult addictions center. It is your job to write a proposal to bring to the next board meeting.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd