What are some of the natural consequences of borrowing money

Assignment Help Financial Accounting
Reference no: EM131257154

Thread: The world of finance teaches that borrowing money can be a high-risk, high-reward option. Scripture has some passages that seem to clearly warn people to be cautious about getting into debt. Read the following Scriptures and write a 250 word post discussing what the Bible does and does not teach about debt. At minimum, address the following questions:

What are some of the natural consequences of borrowing money?

What is “co-signing” a loan? What advice does the writer of Proverbs have about the wisdom of co-signing a loan?

What are the obligations of anyone who borrows money?

Be sure to reference any Scriptures you use to answer questions. In addition to Scripture you must cite at least 1 article that addresses the topic.

Scriptures to read (minimum…feel free to find more!): Psalm 37:21 Proverbs 11:15, 17:18, 22:7, 22–27

Reply: Respond to at least 2 other students' threads and comment on their observations about the implications of financing with debt. Be sure to give specific examples and state whether you agree or disagree with your classmate's assertions. Each reply must be at least 100 words.

Reference no: EM131257154

Questions Cloud

Determine who is attending conferences and events : Once an activity has been completed, employees will use the system to submit the documentation. The system should support notifications to management personnel whenever their direct reports have submitted documentation. The system should also noti..
What is customer service in today business environment : First, you will explore the field of customer service and consider the following questions carefully. Write a minimum of one paragraph for each topic. What is customer service in today's business environment
Private savings and investments related together : How are public savings, national savings, private savings and investments related together?
What type of supervisor do most employees like to work for : What type of supervisor do most employees like to work for? Would they select a traditional, innovative, or supportive supervisor? Do you believe that employee personalities may influence what type of supervisor is favored?
What are some of the natural consequences of borrowing money : Thread: The world of finance teaches that borrowing money can be a high-risk, high-reward option. Scripture has some passages that seem to clearly warn people to be cautious about getting into debt. What are some of the natural consequences of borrow..
Total cost and the average variable cost : The operations research team at this firm reports that the marginal cost of producing 10,000 telescopes is lower than both the average total cost and the average variable cost of production. The team believes that average cost will decrease furthe..
Explain briefly what an x chart and an r chart do : List Shewhart's two types of variation. What are they also called? Define "in statistical control ? - Explain briefly what an x -chart and an R -chart do ?
Improve the management process within your company : Describe how implementing the fundamental principles of management will help to improve the management process within your company. You could consider the factors that interfere with or prohibit effective management
Affect the average contribution margin ratio : D&R Corp. has annual revenues of $264,000, an average contribution margin ratio of 35%, and fixed expenses of $101,200. Management is considering adding a new product to the company's product line. The new item will have $9.2 of variable costs per un..

Reviews

Write a Review

 

Financial Accounting Questions & Answers

  A special districts balance sheet maynt capture its

a special districts balance sheet maynt capture its economic resources as well as obligationsa special district

  Your companys accounts payable clerk is asked to fill in

your companys accounts payable clerk is asked to fill in for your accounts receivable clerk. many things look

  Illustrate what was barbell net cash flow

The statement also shows that the company has depreciation and amortization expenses equal to $50,000 and taxes equal to $120,000. Illustrate what was Barbell’s net cash flow?

  Determine the simple rate of return on the new automated

determine the simple rate of return on the new automated bottling machine.the management of ballard microbrew is

  Uncollectible using the direct write-off method

Using the data in Exercise 9-15, assume that during the second year of operations Mack’s Plumbing Supply Co. had sales of $4,100,000, wrote off $34,000 of accounts as uncollectible using the direct write-off method, and reported net income of $600,00..

  Evaluate any damaging financial and ethical repercussions

Evaluate any damaging financial and ethical repercussions of failure to include the inventory write-downs in the financial statements. Prepare a recommendation to the CFO.

  Calculation of current assets total assets amp net

calculation of current assets total assets amp net income.calculate 1 current assets 2 total assets 3 net income based

  Expenditures for research and development

Expenditures for research and development intended to lead to new products of commercial value

  Porter corporations capital structure consists of 50000

porter corporations capital structure consists of 50000 shares of common stock. at december 31 2010 an analysis of the

  What is the annual dividend on the preferred stock

Miriah Inc. has 10,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2014. What is the annual dividend on the preferred stock?

  Which plan will provided the higher expected return

If the new business is expected to earn $72,000 of after-tax net income in the first year, what rate of return on beginning equity will Kelly earn under each alternative plan? Which plan will provided the higher expected return?

  What amount should warren report

In its year 3 income statement, what amount should Warren report as the cumulative effect of this change - On January 1, year 3, what amount should Warren report as deferred income tax liability as a result of the change?

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