A youth and money survey, sponsored by the american savings education council talked to 1,000 students about their personal finance, ages 16-22. The survey found that 33% of students in this age group have their own credit card. if a sub sample of 100 students is taken from this survey what is the probability that 40 or less will have their own credit card?
A.) Using the normal approximation for the binomial solve this problem, show all of your work in solving the problem.
In: Math
The following three features or objectives are contained within the Component 2: Building Background video:
1. Teaching concepts must be bridged to students’ backgrounds.
2. The teacher should create links between the students’ past learning and new learning in the classroom.
3. Students must learn new key vocabulary words for each lesson.
How would you utilize each objective in teaching your content area? Provide one example for each objective.
In: Psychology
(16.19) A class survey in a large class for first-year college students asked, "About how many hours do you study in a typical week?". The mean response of the 427 students was x¯¯¯ = 17 hours. Suppose that we know that the study time follows a Normal distribution with standard deviation 8 hours in the population of all first-year students at this university. What is the 99% confidence interval (±0.001) for the population mean? Confidence interval is from to hours.
In: Math
Review questions chapter 7
How does a single-payment or balloon loan differ from an installment loan? What is a bridge loan?
Describe the differences between a secured and unsecured loan. How does Principle 8: Risk and Return Go Hand in Hand apply?
Describe a variable- or adjustable-rate loan. List four features that should be compared when shopping for this type of loan. What is a convertible loan?
Are the initial rates lower on a fixed-rate loan or a variable-rate loan? Why?
Credit contracts often include the acceleration clause, the deficiency payments clause, and the recourse clause to give the lender options for collecting the debt. Explain each clause. What is the purpose of the insurance agreement clause?
Home equity credit loans and credit lines are very popular sources of consumer credit. List the advantages and disadvantages of borrowing against home equity.
Student loan programs are available to students and parents to finance college- related expenses. Compare and contrast the programs available to students and parents. How are the interest rates determined?
8. Home equity, student, and auto loans are special-purpose consumer loans. Which ones offer the unique benefit of tax deductibility for interest paid?
9. What loan costs are included in the determination of finance charges? What is APR? How is it used?
10. What are payday loans? Besides the high interest rates, what are some of the dangers associated with this type of loan?
11. What methods are used to calculate interest on a single-payment loan? Which method is preferable to the consumer?
12. Why are loans based on the simple interest method a better option than loans using the add-on method? Is this true even if the consumer decides to repay the loan early?
13. Loan costs vary significantly with the lender. Identify at least two inexpensive loan sources, two more expensive loan sources, and two most expensive loan sources.
14. Based on Principle 8: Risk and Return Go Hand in Hand, name five ways you can reduce the risk for the lender thereby reducing the return for the lender and saving yourself money.
15. Why are mortgage payments not included in the debt limit ratio?
16. According to the debt resolution rule, what is the time frame for repayment of short-term debt? What types of borrowing are not considered in the debt resolution rule?
17. Remedies for overcoming excessive credit use can impact your present and future financial situation. Name eight remedies to consider when you are having
trouble paying your bills. List the advantages and disadvantages of each.
18. What is the fundamental difference between Chapter 7 and Chapter 13 bank- ruptcy? What three major criteria differentiate a filer's eligibility for each chapter?
What debts cannot be discharged in a Chapter 7 bankruptcy?
In: Finance
Case Study - XYZ Apartment Building (Part 1)
One page: double spaced typed
XYZ Apartment Building, located in Manhattan, New York, consists of 150 units. The property is 75% occupied. The monthly rental rates are as follows:
Total monthly expenses are $1,250,000. Monthly debt service is $1, 150,000.
The property has not leased according to the underwriting projections and as a result there is a significant amount of deferred maintenance. The property is 2 years old.
To add fuel to the fire, the Tenants put together a list of demands along with a timetable to cure the deferred maintenance. To this end, the tenants have scheduled a meeting with the Owner, Property Manager and Leasing Agent.
The Owners are outraged with the overall management of the property. In preparation for the meeting with the tenants, the owner has asked the Property Manager to put together a plan to cure the deferred maintenance. The owner would also like to see a marketing plan from the Leasing Agent. The goal is to have the building 100% occupied in 3 months.
Participants:
Students Determine if the property achieves breakeven
Property Manager Develop deferred maintenance plan
Leasing Agent Develop 3 month marketing plan
Tenants Put together list of demands / deferred maintenance
Lawyer Put together the agenda for the meeting
Students Present recommendations
Case Study - XYZ Apartment Building (Part 2)
One page: double spaced typed
The meeting last week with the Tenants, Owners, Property Manager and Leasing Agent was not as successful as the Owners would have liked.
From the Owners prospective, the Property Manager and the Leasing Agent did not provide enough information to make a prudent decision on the next steps. As a result, the Owners did not present a ‘united” front at the meeting which gave the Tenants the impression that nothing is going to be done to cure the deferred maintenance. To this end, the Tenants are considering seeking legal advice.
Another meeting is scheduled for next week. In preparation for the meeting, the Owners are requesting the following:
Tenants: Submit a formal detailed list of the deferred maintenance, prioritized and signed by the officers of the tenant association
Property Manager: Develop a detailed deferred maintenance plan. The plan should include the following:
Leasing Agent: Develop a 3-month marketing plan to achieve 100% occupancy. The plan should include the following:
Owners: Present a “united” front by doing the following:
Working together as a “team” to bring back harmony to the building
In: Operations Management
Describe Ethical, Social, and Global issues that relate to violent video games.
List at least 3 of them
Ethical:
*List 1 here
*List 2 here
*List 3 here
Social:
*List 1 here
*List 2 here
*List 3 here
Global:
*List 1 here
*List 2 here
*List 3 here
In: Psychology
Name and describe Objectives in Rate Making
State the findings of Paul v. Virginia
In: Finance
In: Economics
Bostock v. Clayton County case 2020:
FACTS ?
ISSUES ?
ANSWER ?
REASONING ?
In: Economics
What is the significance of the Lau v. Nichols case? Provide a short paragraph with the answer.
In: Economics