College Financing

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Resolved Question: How to enter the film industry?

30 May 2008 at 9:47pm

I am a 24 year old working in the city, with a finance background from college. My real interest is in film, and I already have a great script in hand that I would like to eventually develop into something real. But the reality is altho I have the passions, I don't have the connections, background, and, my family is not rich enough where I can just go pursue arts without having to worry about day to day living...I wonder how I can step into the film territory with some kind of position where I won't need to suffer too bad financially to pursue my goals? Thanks Rws68, i guess finding the right person is the key here. I also thought about entering the industry through perhaps working on the corporate side of some of the big media companies, like Disney or WB, say if you be an analyst , you would get to know how they finance films,etc, to meet people that way. I'm not sure if that's too idealistic though?

Resolved Question: What colleges should I consider? Major in English or Creat...

30 May 2008 at 9:24pm

I would like to attend a private school in New England and am open to anything. GPA: 94 unweighted which is a 3.8-3.9 on the 4.0 scale SAT: Only taken them once: 2400 scale: 1850, 1600 scale: 1210, 640 writing 640 reading 570 math, am going to take them again in june, and SAT II's I did poorly 560 in English Literature and 600 in US Hist but I will probably take them again in october. AP Classes Taken or will take: 5- US Hist, Bio, Euro Hist, Physics, English. Activities: 4 years of tennis, 4 years of golf, 2 years Spanish Club, 2 years of Pennserve(volunteer work), National Honor Society Secretary. Programs: Spoke at The Wall in DC representing my school on Veteran's Day, attending a medical program in Boston this summer for 10 days, and a Pre Calculus program at my local college for 4 credits. Language: 4 years of Spanish Rank: top 10th percentile So if there is anything i need to improve on let me know please. Are there any other colleges you would suggest? I am considering Boston University, NYU, and Brandeis, and was also wondering if i can get into those. NYU Early Decision

Resolved Question: what is a good public university in CA where i can get a f...

30 May 2008 at 4:10pm

i have completed 2 years at a private university in MN and i am looking to transfer to a nice college in California where i can get a business accounting or finance undergrad degree. It needs to be less than $20,000 for out-of-state tuition and i have a 2.9 gpa right now.

Resolved Question: Relationship Question?

30 May 2008 at 3:17pm

My girlfriend and I have been dating for 2 years. Sometime last year, we decided to move in together because of her bad home life and my finances. Well, this year when i went to announce said plan to others, everybody hated the idea, i am the youth leader at my church you see, and for religious reasons, i was forced to back out. That was a month ago, for the last month she has heavily disliked me, she has gone into a stage of horrible depression and is uncaring and unemotional about anything, she had her entire life set on us moving in together and workd 2 jobs along with college all last year to prepare, one a paper route at 3 EVERY morning, the other an office job with mean evil gossippy co workers who treated her like crap. She has not found happiness or satisfaction in anything, no me, her friends, her favorite things, nothing makes her happy. Today she told me she wanted to take a break, she loves me and i love her dearly, i hate the idea but idk what to do, can someone plz help? The church isnt controlling me, i know it isnt the right thing to do, not bc wed be doing anything wrong, but bc other people would see it that way and i dont need to kill my christian witness like that. Also, she's not making me choose, shes just really sad about the whole thing, she said she needs a break bc she put her entire life into the idea and now that its failed she doesnt know what to do, her last yr has been a waste and she even failed 2 college classes bc of all the work and stress she went through. she wants time away to find herself again but i hate the idea and wish there was some way we could get through this together instead of apart, idont see where going on a break will fix anything, i just wish there was some way to make her happy again, its kinda messed up how just being with me isnt enough to make her happy but i guess i can see why shes so upset since she went through so much for nothing, i just wish i knew how to make things better. some of your religious answers are exactly right but i guess i ditnt make the problem clear enough, we werent going to do anything wrong just live together, and i have a ring, am planning to ask her to marry me, n she knows i have every intention to marry her, but shes going through tough times with herself and i dont know how to handle that she needs time away from me to deal with this, the moving in thing isnt the issue, its all the crap she suffered going to waste that is the issue and her in a deep emotional state of depression where nothing makes her happy, nothing even makes her mad, she doesnt get excited or have any emotion anymore, i just dont see how a break will help us. What should i do about the break thing? I really dont want to and wish i could think of some other way, guys please help me with this.

Resolved Question: In spite of working as a government employee for the 25 ye...

30 May 2008 at 2:58pm

I have been working as a government employee for the last 25 years. But I have not earned anything yet. Whatever earned is consumed. In other words - hand to mouth. I too have a dream - a dream of having a house of my own, having a dream car, educating my children in good school and college and above keeping my wife happy with sound sourcing of finance - a modest living. My problem is I don't find any way out to earn more.

Resolved Question: Does he have the right to be mad about the past?

30 May 2008 at 10:18am

4 years ago I was 18 years old.I had a two year old baby and I was living with my boyfriend's family in a bad place.My boyfriend was in jail on gun charges.I was doing dugs and rarely going to school. I was also a year behind in high school. Then I met a guy who really cared about me. He helped me stop doing drugs. He helped me finish school. He helped me move out of that bad enviroment. He also helped me get my finances together. He helped me go to college and loved me dearly. But I always lied to him and he broke up with me after I attacked him. I saw him with another female and I slashed his car tires. We made up and got back together.Then I gave him a STD because I did drugs and had unprotected sex with someone when we briefly broke up.We broke up again and 3 months later my ex-boyfriend got out of jail and I got pregnant by him shortly after. I was 19 with two kids and 2 baby daddy's.Now I'm back with the guy who cared about me in the past.I sent my kids to live with their dad

Resolved Question: boyfriend having hard time with finances daughter is comin...

30 May 2008 at 10:16am

do you think i should help him with this to entertain her &help with food etc; he had budget his check for bills this week &all of a sudden she called last night &said coming today he lost his just going back to work and getting back on his feet.he doesn't want her to come right now because of this.

Resolved Question: Are finances in our relationship a deal breaker, or am I t...

30 May 2008 at 12:50am

I love my boyfriend more than words can say. He treats me with the utmost respect, he loves children and is really good with them, he is incredibly thoughtful, he is very understanding about my demanding schedule of working full-time and going to school full-time, and he totally supports my aspiration of going to law school. We have talked about marriage, and I would love to, BUT... I have worked INCREDIBLY hard to graduate with my bachelors of science with two minors, working full-time while going to school full-time for the last 6 years, and I will dedicate another 3 years to law school. I grew up poor, and I want to give my kids the advantages I didn't have. My boyfriend grew up in a very nice, and very well-off family, and while he has a college degree in general studies, he's not motivated to try to make more than the $22,000 a year that he's currently making. He's not into financial planning or saving money, and he won't let me help him financially plan. I don't think it makes him a bad person in any way to be happy with what he has, but I've been working really hard to be able to afford the things for my children-(when I have them) that I didn't have as a kid, like nice vacations, a house in a nice, safe neighborhood, nice new school clothes, opportunities to go abroad on school trips, and most importantly, a college fund, in addition to having a retirement fund. I don't think it's fair to marry him, and expect him to change, but at the same time, I don't want to feel like I've worked this hard only to continue to struggle, or worry about how I will pay a couple thousand dollars to let my kids go on a really cool trip. So should I appreciate the fact that I have a wonderful man in my life, (which is hard to find), or should I keep looking for someone who is more on the same page?

Resolved Question: how much weight is given to your undergraduate degree when...

29 May 2008 at 6:43pm

Sounds like a complex question but this is what it boils down to. I am in high school and I'm trying to figure out what i want to major in during college. I think that I am ultimately going to go into business/finance but my parents tell me that an undergraduate degree in business will not distinguish me from other students and would rather that I major in engineering. I am definitely going to graduate school so i was wondering if i got an undergraduate degree in engineering, would it improve my chances of getting into an elite business school (assuming i got all A's) or would that be better if i got my degree in business. I am good in both subjects, am currently first in my high school class and would eventually like to get an MBA from a highly thought of school like Wharton or Harvard (just examples). If anyone has some advice for me i would greatly appreciate it. Thanks.

Resolved Question: Please help!!?

29 May 2008 at 12:58pm

I am applying to work at this place that sells natural and organic skincare and beauty products. I am a full-time college student and just want to get this summer job to earn some money to pay for my tuition. I am also a fanatic about using organic and all-natural products that are safer than their chemical-laden counterparts so I think that this position would be GREAT for me. However, I am a Finance major and my resume is geared towards Finance. Do I have to change it and gear it towards Retail (since that's the area that my summer job falls in)? Also, what should I put as my job objective? THANK YOU!!

Resolved Question: Bf- baggage or not?

29 May 2008 at 11:17am

Just a quick question. My bf and I have been dating a while and things are good. He has brought up marriage and I definately see myself married to him. The only issue I have is that he has court issues with his ex, that he has already assured me he is working on. I also worry that we won't be financially ready to get married and get our own home. I am responsible with my finances and have a good job. We both are also in our twenties and done with college. Would you consider this baggage or am I being paranoid? Thanks! A few quick details about the situation...The only issue he has is with ex in court over money. They both have lawyers and he has told me that he is doing everything he can to finish this. He also doesnt need to show up in person any longer. Any other ideas? Thanks!

Resolved Question: Investment Banking?

28 May 2008 at 9:42pm

If I plan on going to college and getting my M.B.A what should I get my bachelor in?(finance?).... What are the chances of getting a job at a Goldman Sachs, etc and an Investment Banker? What kind of school would you have to go to and what kind of grades would you have to get?

Resolved Question: Are there any special programs for minorities to help them...

28 May 2008 at 9:38pm

Resolved Question: Bank teller but no experience?

28 May 2008 at 7:16pm

I'm a college student majoring in Finance. I want to apply for a position as a Teller, but I don't have any previous work experience. Banks are always recruiting college students, do you think I will still have a chance of being hired even though I don't have any job experience or a resume?

Resolved Question: Recent college graduate trying to rent an apartment! Help!?

28 May 2008 at 6:15pm

My fiancee and I just graduated college and have yet to get our new "dream" jobs with our new degrees. During my first year in college, I opened a lot of credit cards not realizing what they actually were. My mother was paying them for me, as I was an immature unsuspecting 18 year old. During all of this, my parents started going through a nasty divorce and ended up defaulting on all of their bills, including mine. To this day, I don't blame them for my bills, but at the time I didn't realize how important credit was. Basically, i've been working to pay them off since, but my current credit is RUINED! My fiancee has perfect, actually more than perfect credit. He;s financed a few things but always paid them off right away. The problem we're facing is, we're trying to rent an apartment. Obviously my name cant go on the lease due to my credit. We're 21 and with our combined incomes have more than enough to make the rent. His alone, may not be enough. Will we still be able to rent an apt? We would prefer not to have to get a cosigner. But it's tough with him having to be the only one on the lease. The rent will be $900 a month. He brings home around $1200 before taxes, not much at all! We won't have a problem making rent, with my $2,000 a mth salary included but we can't tell the apt complex i'm moving in and therefore can't add my income! Help!!! Will his good credit alone be enough to secure the apt?

Resolved Question: Getting into college?

28 May 2008 at 6:12pm

ok so i'm a sophomore in high school and it's my second year in US(my parents moved here because of their business). i'm wondering if i have a chance of getting in the like top 50 schools here) this year i'm taking only Ap stat and H bio(got 4.2 Gpa first semester), other classes are regular either because my school doesn't offer them or i dont have prerequisites(european school system is different) next year i hope 3 AP and honors pre-calc and senior year 5 AP + regular english(not a native english speaker) haven't taken SAT's yet extrac.- tennis team outside of school, last year a club and a PR officer for the class of '10, know 3 languages + taking fourth+ 4 years of german in middle school want to major in business or finances- where can i volunteer? so will my weak classes and lack of extracurriculars(i'm doing some during summers and next year) not let me get in the university? really dont wanna go to junior college thanx)

Resolved Question: Does this mean my exboyfriend was just using me?

28 May 2008 at 12:26pm

my ex bf broke up with me a week ago.He says he can't be with me and be a man( i.e. not cheat, )and needs to get his finances together since he droped out of college. He said he didnt want a "title" right now, and needs to be focused on getting his stuff together. We went out for memorial day, and later that night we were intimate. He told me to remember this night whenever i feel i cant wait for him. he text me when i left "i love you and remember what i said". so he knew what he was saying... I told him maybe it shouldnt have happened because it's confusing me since I want a "title". he said his mistake, but he saw me as his girl at that moment. etc. he stressed that he doesnt want a relationship right now, and that i am the only female in his parents house, around his friends etc. and he loves me as his future wife. DOES HE WANT ME TO WAIT FOREVER? should i just move on? i am SO confused!

Voting Question: MBA in finance or accounting?

28 May 2008 at 9:59am

I just recently graduated Manhattan College with a BS in Civil Engineering. I currently work for an engineering firm but i am not sure if this is what i want to do for the rest of my life. I am going back to school soon to get my masters. I am serioulsy thinking about getting my MBA in either finance or accounting. Any suggestions? Also with a BS in civil enginnering and a masters in finance/accounting, can i land a big time job in the business job market?

Resolved Question: Senior Females only Please?

28 May 2008 at 5:00am

Hi my cousin's daughter is graduating this year. I haven't seen nor talked to her since she was in 3rd grade. Her mom and I were always really close growing up but now I've moved a long ways away plus other bs. Anyhow I want to get her something thoughtful and cool. I've read some sites and they say "Cool" gifts would be stuff like a back pack full of college supplies. What do you girls think would be something neat. I thought about getting her a package of candy from 1990 that they sell. is that a stupid idea? what would you want someone to give you. that's cheap and not money. they say money's bad because of not being able to work out the ole finance things.

Resolved Question: how to finance college when financial aid isnt enough?

27 May 2008 at 10:51pm

i have filled out my fafsa, but i am yet to be notified how much i will be awarded. i just wanted know of some alternatives that i could look to if i didnt receive enough aid. maybe from a bank, private lender, anything.

Resolved Question: will me and my ex ever get back together????

27 May 2008 at 9:16pm

my exboyfriend broke up with me a week ago to be "friends" because he hasnt been faithful to me-(i have always caught him and it would cause HUGE arguments to where i dumped him, but we would be back together the same day). My ex also felt that he also needs to get his finances together (he dropped out of college). i was confused because he claims he wants me here as his future wife etc, and we talk daily and he tells me he loves me every day.He assures me he is coming to me when he is mature. I made a BIG mistake of sleeping with him yesterday after our outing. He made sure to tell me things while we were intimate like "i love you, remember this when you feel u cant wait". he even text me afterwards saying for me to remember what was said, and that he loves me. That means he knows what he was saying.... What do I do? Wait for him ..make him commit to me now...or do yall think he is playing a game??

Resolved Question: I think my husband left the country w/o my knowledge? What...

27 May 2008 at 7:42pm

We have been separated for over 10 mths. I'm thinking this is because a month ago he took me to dinner to discuss finances and how to manage the divorce. While we were having dinner he asked me if I would retaliate if he ever moved out of the state (we live in Illinois). I thought it was an odd question, but I answered, "no, why would I?" During this same dinner, he asked how dating was going. At the time we had both started seeing other people but both relationships had ended after a few months. I personally feel that it was mistake to start something new when the divorce is not yet finalized, that's another topic. Then my husband mentioned that he was now interested in a woman we both went to college with. She lives in Pakistan. Hmm....interesting right? Fast forward, my husband is supposedly on a business trip now. But he failed to give his flight # or hotel accomodations which he usually does (we've 3 kids). He also told our daughter he couldn't be reached by phone while away. I'm concerned becasue its a muslim country. If he's kidnapped or killed by terrorists how will that effect divorce issues/property etc...?

Resolved Question: How do I get into an internship in the financial sector?

27 May 2008 at 6:31pm

I am in the first year of College studying finance and would like to get into an internship that is either low or not paid. I would like to become a personal financial advisor, accountant or mergers and aquisitions expert. I live in Saginaw, Michigan.

Resolved Question: is my exboyfriend playing games?

27 May 2008 at 6:24pm

Resolved Question: Where do I get help to acquire a vehicle for my son, for c...

27 May 2008 at 3:58pm

I am a single, working mother trying to help my son with his college finances. I am trying to struggle with the high price of utilities, food and rent, while my son is srtuggling with his college work. He needs a vehicle to travel to and from college. My truck has seen it's better days, it is a 1992 Ford. the local government angencies say I make too much money, which by all standards fall under the low income guidelines. Btw, I make only twenty thousand dollars a year, and after deductions, there is not much left. I appreciate all that read this. I just want my son to have a better life than I am having. Thank you and bless you all.

Resolved Question: Personal Financial Advisor -?

27 May 2008 at 2:40pm

Ok, I'm going to college in the fall. I talked to my advisor about doing nursing there. She's looked at my transcripts and noticed that I am good with math, and I also work at a credit place. (Filing paperwork, answersing phones, etc.) I took some business classes at a career center as well. She brought up the subject of business & finance and said I may want to check that out.. and she told me some things I could have a job in. She brought up a personal financial adviso.. What exactly would you do and what responsibilities does it hold? Thank you so much.

Resolved Question: My exboyfriend broke up with me, but says he loves me ever...

27 May 2008 at 2:24pm

my exboyfriend and i broke up a week ago to be "friends" because he hasnt been faithful to me and he felt that he also needs to get his finances together (he dropped out of college). i was confused because he claims he wants me here as his future wife etc, and we talk daily and he tells me he loves me every day.He assures me he is coming to me when he is mature. His parents still think we are together, my pictures still over everywhere in his room... I made a BIG mistake of sleeping with him yesterday after our outing. He made sure to tell me things while we were intimate like "i love you, remember this when you feel u cant wait". he even text me afterwards saying for me to remember what was said, and that he loves me. That means he knows what he was saying.... What do I do? wait for him ..convince him we need to be together now...or do yall think he is playing a game??

Resolved Question: Why does my exboyfriend say he loves me everyday?

27 May 2008 at 1:49pm

Resolved Question: what should i do with my exboyfriend?

27 May 2008 at 1:36pm

my exboyfriend and i broke up a week ago to be "friends" because he hasnt been faithful to me and he felt that he also needs to get his finances together (he dropped out of college). i was confused because he claims he wants me here as his future wife etc, and we talk daily and he tells me he loves me every day.He assures me he is coming to me when he is mature. I made a BIG mistake of sleeping with him yesterday after our outing. He made sure to tell me things while we were intimate like "i love you, remember this when you feel u cant wait". he even text me afterwards saying for me to remember what was said, and that he loves me. That means he knows what he was saying.... What do I do? wait for him or do yall think he is playing a game??

Resolved Question: Hiring a College Financial Advisor - where to turn?

27 May 2008 at 2:23am

I'm seeking assistance in achieving my goal of financing my education. I am returning to school as an older student (30s) and will be attending school in the Fall. My first semester will be as a non-matriculated student taking three courses. In the Spring I will be matriculated and full-time and eligible for federal loans and scholarships. So, I am turning to the private loan market for the Fall semester to finance my tuition and living expenses. I'm trying to find an expert with experience in education finance to help me navigate and choose the best private loan option. I don't know if I should turn to a CFP with college planning experience, or a CCPS, or someone who bills themselves as a Financial Aid Expert, and wasn't sure how to locate one such person. Thank you for any information.

Voting Question: I got 6 credit card debt defaults in collection agencies. Wh...

27 May 2008 at 1:31am

I got credit cards to pay for stuff, food, and books for college. My grades going down so i quit my job the cards went into collection and collection agencies. Can collection agencies sue me or bring me to court? Should i be worried 'cause i can't pay until i graduate with decent job in finance. My credit debts don't erase from credit report until 2009. I just wanna hide until i make some money.

Resolved Question: Finance Major vs Finance concentration in Business Admin M...

27 May 2008 at 1:15am

I'm currently in an undergrad college. What sounds better to employers, a major in Finance or a major in Business Administration with a concentration in Finance. (If I do the concentration, I plan to do a double concentration in finance and marketing). So i guess it's 2 questions, 1. what's better a finance major or concentration, and 2. if the answer is concentration, is it because it allows me to do a double concentration with marketing? What is an employers view?

Resolved Question: Finance/Economics Major?

26 May 2008 at 10:16pm

Once i get into college i play on majoring either in finance (preferably) or economics. I was just wondering if there are any already finance/economics majors out there who can give me a few pointers or tips on how to prepare myself to be successful?

Resolved Question: Need advice about my college education?

26 May 2008 at 9:00pm

I am a junior at a university right now. I am in the business school (undergrad) and I am interested in marketing. I want to go to law school after undergrad. Is this a good plan? I was hoping to like finance or accounting, but I hated both, so I refuse to major in those. I really like marketing but I know the starting salaries for marketers is only like 30k, and that sounds terrible to me. Is marketing a bad major before law? When I apply for jobs in law firms will they care if I majored in marketing instead of say finance or accounting? Also I am interested in potentially getting a real estate license. Would this be a good combo of degrees to have me set for life, Marketing, Law, Real estate? Right now I am so confused and I don't really know what route I want to take. I am so worried about my future you have no idea.

Resolved Question: How do you calculate the fixed and variable costs and brea...

26 May 2008 at 8:46pm

I have read my text book and it confuses me how to do this. I have tried to ask my instructor but he's been too busy to work one-on-one with me (I am taking an online course). Does anyone know of a credible web site that I can visit that breaks this information down in detail on how I'm supposed to calculate these. I have visited my local library, college bookstores amongst other places and there doesn't seem to be anything that I can use as a reliable resource that is tailored to my particular dilemma. Any help is appreciated, thank you. Btw, I need this information for a health care finance class (HHS/265). 53 seconds ago - 3 days left to answer. I realize that this is not necessarily about financial aid but it is a financial question and I'm desperate for any help y'all can give me. Thanks! Excuse me, but I'm not asking anyone to do my homework for me. If I was then that could be classified as cheating. Please reread my question then you can answer me intelligently.

Resolved Question: my rank no.in Kerala engg.entrance is 64554.and myself bel...

26 May 2008 at 10:34am

to get admission in any of the engg.colleges in Kerala( not in self finance college,b'coz we belong to a poor family)

Resolved Question: How can I become a CPA?

25 May 2008 at 10:31pm

I already hold a bachelors in finance, but have very little coursework completed in accounting. I read that I would need to complete a certain amount of classes and also have some sort of work experience before I could try to take the exam. But how would I go about completing that coursework? Can I just take the necessary accounting classes at a local community college or are there particular classes that are needed? I'm also afraid to take all these classes and then not pass the exam. That would waste a lot of time and money and I would then stand there without a degree in accounting. What would be the best route for me to take? Do they also let you focus on accounting in masters programs?

Resolved Question: which college major from the following list has the most p...

25 May 2008 at 8:01pm

i dont know what i wanna major in yet but iam considering these as an option. Operations management Business management Construciton management Accounting Finance Radiology 1. could u guys tell me which is the most competitive? as in the ease of finding a job. 2. also could u guys list which is the hardest? from hardest to easiests. 3. which one is the most boring? please dont ask me what i like because it's listed above. i like them all equally.

Resolved Question: please help!!personal finance!!I cannot afford to get any ...

25 May 2008 at 7:53pm

1. Which of the following might not be an option for increasing your present income? (1 point) Quitting your job to find another Requesting a merit increase in pay Requesting a promotion Looking for a better job without quitting your old job 2. Which of the following is true about a merit increase in pay? (1 point) It is based only on how long you have been with the company. You have prove that you deserve it more than your coworkers. You might have to wait for a certain anniversary date to get it. You automatically receive merit raises every year. 3. Corporate structure may be defined as _____. (1 point) the way a corporate building is structured whether a company pays corporate taxes the method a company uses to pay its employees the way a business is organized 4. Your resume should include all of the following information EXCEPT (1 point) contact information. personal history. education background. qualifications. 5. The single best way to increase your income is to get an education. Why? (1 point) You automatically make more money if you are educated. You can obtain jobs that have higher starting salaries. You automatically get promotions if you are educated. You will automatically receive better benefits. 6. Which of the following will probably earn a higher level of income? (1 point) A female file clerk with a high school diploma and a year of college. a male file clerk with a high school diploma and a year of college. A male accountant with a Bachelor's degree. A female accountant with a Master's degree in business administration. 7. The term "educational attainment"means _________________. (1 point) you have earned a degree whatever education you have earned you are attending school to earn a degree you have earned the highest degree possible in your field 8. Which of the following is not a core module of accounting? (1 point) accounts receivable accounts payable debt collection purchase orders 9. What is a general ledger also known as? (1 point) a normal ledger an enumerated ledger a nominal ledger none of the above 10. Which of the following is not one of the three types of business arrangements in the United States? (1 point) sole proprietorship partnership corporation sole partnership 11. With a sole proprietorship, who pays the taxes? (1 point) the shareholders the company the owner both the shareholders and the owner 12. Which one of the following would not be considered an advantage of a sole proprietorship? (1 point) Decisions can be made quickly without having to consult others. A proprietor is also responsible for his or her own health insurance. There are no legal formalities if the business dissolves. All of the profits from the business go right to the owner. 13. What can a proprietor do to minimize personal risk and liability? (1 point) change his/her name form a limited liability proprietorship form a limited liability partnership form a limited liability company 14. Why are partnerships often favored over corporations? (1 point) They have more power. A partnership structure eliminates the dividend tax levied upon profits realized by the owners. They are more successful. none of the above 15. Why are partnerships often favored over corporations? (1 point) A partnership structure eliminates the dividend tax levied upon profits. They are more successful. They have more power. none of the above 16. What are the two types of partnerships? (1 point) limited and general limited and sole general and private private and limited 17. Which of the following would not be considered an advantage of a partnership? (1 point) A partnership usually involves low start-up costs. Each general partner is deemed the agent of the partnership. It's easy to form a partnership. You can share the responsibilities with your partners. 18. As a generic legal term, __________ means any group of persons with a legal entity. (1 point) partnership business corporation proprietorship 19. Who regulates a corporation? (1 point) the bondholders the government of the state, province, or national government with which it is registered the corporation's founders the corporation's union 20. Which of the following is not a legal characteristic of a corporation? (1 point) transferable shares perpetual life legal protection from lawsuits limited liability 21. When claiming dependents, they must meet the following criteria EXCEPT: (1 point) the dependent must be a relative. the dependent must reside with you. the dependent must be under nineteen years of age unless he or she is a full-time student. the dependent was unable to provide over half of his or her support for the year. 22. If you opt to put money in a medical flexible spending account rather than trying to amass enough medical expenses to itemize on your tax return, you are taking advantage of ___________________. (1 point) an exclusion a credit a deduction withholding 23. A form of taxation in which everyone pays an equal rate of taxes is called a _____________. (1 point) progressive tax regressive tax net tax flat tax 24. A form of taxation in which the highest income earner pays the largest percentage of taxes is called a (1 point) progressive tax regressive tax flat tax net tax 25. A form of taxation in which the lowest income earners pay the largest percentage of taxes is called a ___________________. (1 point) progressive tax regressive tax flat tax net tax 26. Which of the following best defines health insurance? (1 point) An annual contract between an insurance company and an individual a type of insurance that protects your personal property if you are unable to pay your bills. a type of insurance whereby the insurer pays the medical costs of the insured a type of insurance that assists your loved ones in the event of your death 27. Which of the following illustrates the main difference between Medicare and Medicaid? (1 point) Medicare helps to insure the elderly, while Medicaid focuses on low-income individuals and families. Medicaid helps to insure the elderly, while Medicaid insures low-income earners. Medicaid helps to replace lost income for the poor. Medicare is available only to those over the age of 65. 28. What is life insurance? (1 point) Health insurance that covers you for the rest of your life Insurance that supplements your income if your life is threatened Insurance that assists your loved ones with income in the event of your death Insurance that protects you in the event of an unexpected illness or accident that prevents you from working 29. Which of the following statements is not true about HMO insurance? (1 point) It is a managed health care system. In an HMO you can choose your own primary care physician (PCP), but specialists must be referred by the PCP. In an HMO , you are assigned a primary care physician. The letters stand for Health Maintenance Organization. 30. Which of the following might be considered positive aspects of HMOs. (1 point) Free choice of primary care physician Care from non-HMO provider not covered Out-of-pocket expenses are usually low Easy to receive specialized care 31. Which of the following might be considered a negative aspect of HMOs? (1 point) Out-of-pocket expenses are usually high. Not easy to receive specialized care HMOs focus on preventative care Free choice of primary care physician 32. On average, compared to a person with good credit a person with poor credit will pay __________ for insurance. (1 point) 5% to 10% more 10% to 15% more 20% to 50% more 55% to 70% more 33. How long does it take to rebuild your credit history? (1 point) 7 years 8 years 9 years 30 years 34. Secured debt means a lender gives you money in exchange for what? (1 point) collateral credit report principal interest 35. When an asset, such as a car, decreases in value over time what is it called? (1 point) depreciation financing equity leasing 36. If you miss one payment on a credit card, what's generally the penalty? (1 point) a late payment fee a higher interest rate a lower available credit line a negative notation on your credit report 37. If you miss two payments on a credit card, what's generally the penalty? (1 point) a late payment fee and a lower available credit line a higher interest rate and a late payment fee a late payment fee a negative notation on your credit report 38. What are expenses that do not change called? (1 point) stable costs fixed costs variable costs known costs 39. What is the margin of safety? (1 point) How much sales can fall before a business starts making less than 5% profit How much sales can fall before a business makes less than 15% profit How much sales can fall before a business starts taking a loss none of the above 40. The two components of ______________ are variable and fixed costs. (1 point) entire cost required cost complete cost total cost 41. What are expenses that change as conditions change? (1 point) changing costs fixed costs moderate costs variable costs 42. What can be the best type of safety net in hard times? (1 point) Gambling Mortgage Rental property None of the above 43. Real estate is considered a(n) _____ investment. (1 point) illiquid liquid sure partially?liquid 44. Individual mortgage interest rates are generally determined by what? (1 point) The economy The individual's credit score The property value The state the property is located in 45. What is PMI? (1 point) Personal mortgage issuance Personal mortgage investment Personal mortgage insurance Personal mortgage interest 46. Why is investing in gold beneficial? (1 point) It is easy to mine. It is considered a stable investment. Gold is more expensive than stocks. The value of hold is subject to inflation. 47. What is an entrepreneur? (1 point) a sole proprietorship a corporation one who opens a new business a bank that loans money 48. Which of the following is the best definition of probable operating costs? (1 point) Amount of money required to start a business Amount of money required to market a business Amount of money required to purchase business equipment Amount of money required to keep a business running 49. Which of the following is a start?up cost associated with opening a business? (1 point) Equipment Legal fees/licensing Insurance All of the above 50. Which of the following is an example of an unsecured bank loan? (1 point) Credit card debt Bank overdrafts Corporate bonds All of the above

Resolved Question: knowledge of what the kids know upon graduation?

25 May 2008 at 8:40am

I've always had this idea, and now that my 2nd child is graduating and going on to college, it's always been in the back of my head, there choice's of electives if not mandatory classes, I just think upon graduation they should have to have under their belt finance classes, know how to balance a check book, know what retirement funds are, IRA, trading stocks, the market, 401K, maybe an apptiude test see what career choices they have, interest rates, you get the point, I think this should start freshmen year, I just wonder what kind of kids we would have graduating or heading into college instead of the ones that had shop class (which isn't bad) but left alone? or girls. I learned how to sew a purse and seriously make a cake from scratch,,,,I'm just wondering how some of us could have gone? just curious of your ideas? exactly my point, and who's to blame? I personally think it's are educational system, that's why I said start freshmen year, start easy, make it fun, ( however ) be creative,,,,but just do it!

Resolved Question: Is a good idea to get a student loan to study accounting/f...

23 May 2008 at 9:33pm

I live in Saginaw, Michigan (a place where jobs are scarce). I don't have debts, I would like to borrow $40k from the FAFSA to pay for my bachelor in accounting/finance at the Columbia College of Missouri online. The College is accredited (not like AIU or UOP) and the Tuition is low.

Resolved Question: How should I finance my education with a minimal amount of...

23 May 2008 at 7:46pm

I need about 30,000 do pay for college. I dont want to have to take out all that money for a loan. So I was wondering how I should go about getting a job. I dont live in the state of Maryland, which is where I plan to attend college so I was wondering if there were any websites in which I could find a job in the state of maryland.

Resolved Question: Motorcycle Financing?

23 May 2008 at 6:30pm

I am 19 years old.. turning 20 this year and have decided I am going to try and get a bike I have wanted for years and years. I am not exactly sure who or what to try for financing. I have excellenct credit for someone may age (in the 700's, with revolving major accounts and a new car in my name for over a year) and have built it since I was 18. Many places I know frown on giving out credit to people with less then 3 years experience. I have looked into several major financing places and many of those places do not give out auto/motorcycle loans for less than $7500. The bike I want - Kawasaki 250 Ninja is only $3500. I have been at my current job for 6 months and make a decent living considering I am a college student with no rent ect ect. I am ready to put $1000 down... but would a dealership be able to finance some one for only $2500? Should I just go to the dealership and let them work out the details with dealerships or has anyone had good luck with another bank? Thanks~

Resolved Question: Is doing MBA from WLC(Wigan & Leigh) Bangalore a good choice?

23 May 2008 at 11:43am

hi i want to do MBA(Finance) from WLC(Wigan and Leigh College),, is it good?

Resolved Question: Help with picking a school to transfer to. For a 23 year o...

23 May 2008 at 10:43am

Hello all. I'm a sophmore at my local community college in Michigan. I'm majoring in business-finance and struggling to figure out rather to stay in state or transfer out of state to finish school. My current GPA is a 3.3, and I still have the summer semester, fall and winter to get it up. I plan on applying for the summer semester of next year wherever I go. Here's my dillema. I'm looking at the following schools: University of Michigan-Dearborn, University of Illinois-Chicago, Howard University, and University of North Carolina-Charlotte. The University of Michigan-Ann Arbor is a reach school because they don't transfer most of the business credits from community colleges. What I'm wondering is what school provides the most internships and networking potential even in college. I want the experience before graduating, so there's less of a waiting period to find an actual career. Mind you, I'll probably be 26 when I finally graduate.Also what location is more economically progressive.

Resolved Question: Over $100,000 in student loan debt. I don't make enough $ ...

23 May 2008 at 10:06am

I graduated from college in December and my student loans are beginning to come due. As of right now I only have 4 loans in repayment and I already can't afford them! I got a good job after graduation - entry level but still in my field. In July the rest come due and I have no idea what I'm going to do! I've missed my payments for last month because I just can't seem to make ends meet. I'm trying to find a 2nd job but so far no luck with this economy. I've been hearing that I need to get a consolidation loan but I'm not sure what to look for in a good one and I need to find one that can consolidate both my federal student loans AND my alternative student loans as well. Can anyone help me?! Also: Is there anything I can do RIGHT now to help with missing that payment before I miss another one and they start talking about defaulting?! Obviously I'm overextended with my finances but I don't know what to do about that... The whole reason I HAVE so many loans out to pay for college is because my parents will not help me with any education expenses. They believe I'll appreciate it more if I pay for it myself but made too much $ for me to get enough financial aid. Asking them for help is out of the question.

Resolved Question: Which college is better: Indiana University Bloomington or...

23 May 2008 at 1:17am

I'm currently enrolled in Pace University NYC as a finance major. I applied for transfer to Indiana University and I got admitted. Which school is better? Pace Univerisity or Indiana University?

Resolved Question: Can I transfer my home to my brother so he can take advant...

22 May 2008 at 11:03pm

Since returning full-time to college, my family - mostly my brother - has paid for all my bills, including my mortgage! This is going to be the case for 2 more years. Since I don't work, I can't take advantage of the itemized deductions, and I thought that it is a waste. Since my brother is financing it anyway, I was wondering if there was a way to transfer the house into his name so he could take advantage of the tax breaks. Any advice would be appreciated! Is this a good idea? Is it legal? Who could, or should, I discuss this with (a financial advisor, tax advisor, realtor)?

Resolved Question: How long for bachelor's in Business/Finance?

22 May 2008 at 7:20pm

I will be starting college next fall, and I was wondering about how long it takes to get your degree. I have been hearing that it takes usually longer than 4 years to get your bachelor's. I plan to major in Finance. Assuming that I do not change majors, will this take 4 years or longer? My uncle, who worked in a college admission office for 30 years, told me as long as I do not change majors and pass all of my classes, it should take only 4 years to get my degree. I will also be a full-time student, so I will not be splitting time between school and work. So how long do you think this will take?

Resolved Question: No credit low income car loan?

22 May 2008 at 6:36pm

I am a full-time college student and work part-time. My income is about $600-700/month and I have no bills. Every place that I have been to will not finance me because I have no credit and my parents both have bad credit and are also not approved. I had a friend that took me to school and work everyday but is now unable to. I need some way of getting a reliable car or else I can't go to school and will have to quit my job. Does anybody know of anyone who offers loans to people that have no credit and lower monthly income?< >

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