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John is a 24 year old retail employee. John loses his job. He actively seeks work for many months as his savings dwindle and his unemployment insurance benefits are exhausted. In order to avoid eviction, John borrows $1,000 from the local CashFast granting CashFast a security interest in his only vehicle. CashFast only makes loans at the maximum legal interest rate 10% per week, but the $100 is cheaper than eviction. John finds a new job and a second job. Between the two, he works 60 hours each week, but his take home pay is only $408 per week ($8/hour *60=$480 less $36.72 in social security and medicare taxes and $35.28 in income tax). John faithfully makes his $100 payment every week, but is never able to get ahead. Eventually John falls behind. CashFast repossesses John's car, but the head blew a few weeks before and it only sells for $200. CashFast sues John for the difference, its repossession expenses, its collection expenses, attorney fees, and ongoing interest at 520% per year.
A friend proposals to share with you a term paper previously prepared for her Introduction to Business. When you say her that it wouldn't be fair, she prompts you of your habit of reading an entire Harry Potter book at the local bookstore without ..
A manufacturing company invest $40,000 in a new piece of equipment. Operating expenses for this new piece of equipment is estimated to be $2,000 starting EOY 1 and increasing by $100 per year for the next addional years.
Sally as well as bill are married and file joint returns. In 1010, Bill, an accountant has a salary of $75,000 and Sally receives salary of $25,000 as an apartment manager. What are the tax significances of the following benefits that Bill and Sal..
What do they have in common and how can their use effect a marketing mix? Explain your answer.
The United States has absolute advantage over many countries in production of most goods and services. Yet, the country is running the record trade deficit year after year. The current trade deficit is about six percent of the country's GDP. Is it..
The Chris Kraft Co. is financed entirely with equity also the organization has a beta of 1.6. The present risk free rate is 9.5 percent also the expected market return is 16 percent. Illustrate what rate of return should Chris Kraft require on a p..
The ultimate outcome of relationship marketing is a unique company asset called the ________, consisting of the company and its supporting stakeholders.
Relates to an "Ethical Consideration" from " Decision Making, Problem Solving and Ethics" by Mosley, Pietri and Mosley, designed to reinforce the learning objectives of the course, and in conjunction with the final exam will provide a measure of your..
Explain the similarities and differences between the doctor's visit and your other selection and invent a generic name for the process that can apply to all three.
Financial leadership bridge issues - How can financial leadership bridge the issues of financial risk and clinical risk within healthcare organizations?
Discuss some of the problems that companies are likely to face when both contingent workers and core employees work in the same location.
After looking at figures for both inputs and outputs Lawrence is not happy with the speed at which his products are being Lawrence is concerned with a- productive b- quality control c- production d- systems speed
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