D) a legal procedure for dealing with debt problems of individuals and businesses. E-mail: Mailing Address: SAE International World Headquarters. Which of the following is the most cost-effective option from purchasing a home? B) every extra dollar you get should be thrown at the largest debt first. A) plan your purchase in advance using the sinking fund method of saving.
C) start with an inexpensive car and gradually move up in car value as your savings increases. Other sets by this creator. Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions. B) place your savings in a mutual find so that your money can make more money. May 11 Sydney accepts delivery of $40, 000 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, n/90, FOB shipping point. Foundations in personal finance chapter 4 answer key pdf for 7th grade. How many instructors do you expect on the committee who are not technically proficient? C) the U. S. Congress enacted the Fair Credit Reporting Act to address concerns over consumer credit report accuracy, privacy, and fairness. The goods cost Troy$30, 000. Terms in this set (35). For press inquiries, contact: SAE Corporate Communications.
C) people typically spend less when they know that they are earning credit card "rewards". The Aborigines emphasized large-scale agriculture, whereas Europeans emphasized small farms. D) get a 30-year mortgage with a 20% down payment. A) prior to the FCRA, consumers were unable to challenge errors in their credit reports. C) attack your debt with intensity.
D) every time you pay off a debt, you add its old minimum payment to your neck debt payment. The Aborigines built sheep and cat stations, whereas Europeans moved from one area to another and established few permanent settlements. Which of the following is not a recommended step in the Drive Free method of purchasing a car? Prepare journal entries to record each of the merchandising transactions assuming that the periodic inventory system and the gross method are used by both the buyer and the seller. Sets found in the same folder. Troy receives the cash immediately. Which of the following best summarizes how the use of a credit card for purchases instead of cash can change one's spending behavior? C. The Aborigines felt responsible for taking care of the earth, whereas Europeans felt that natural resources were a source of wealth. D) explore new car dealerships for the best interest rate. SAE Public Relations Contact. Foundations in personal finance chapter 4 answer key pdf free download. Assume that ten people will be randomly chosen to be on the committee from a group of 28 volunteers, 20 who are technically proficient and eight who are not. A) a court-ordered attachment that allows a lender to take monies owed directly from a borrower's paycheck. Both Sydney and Troy use a perpetual inventory system and the gross method.
12 Sydney returns$1, 400 of the $40, 000 of goods to Troy, who receives them the same day and restores them to its inventory. Foundations in personal finance chapter 4 answer key pdf answers key. B) under FCRA, consumers are allowed to receive one free credit report every five years. The returned goods had cost Troy$1, 050. A) spending behavior does not matter as long as you pay off the credit card balance each month. B) studies show that there is no change in spending behavior whether a person uses cash or credit.
C) the most ideal way to buy a house is the 100% down if that is not an option, you should get no more than a 15-year, fixed rate mortgage with a down payment of at least 10%. B) process of taking something back for failure to make payments. What is paycheck garnishment? C) process by which the holder of a mortgage sells the property of a homeowner who has fallen behind on payments. D) under FCRA, creditors must notify consumers if they deny credit based on a credit report file, and they must also tell the consumer which of the three credit bureaus provided the report. Corporate Communications.
Students also viewed. D) studies show that consumers typically spend more when using credit as opposed to cash purchases. 20 Sydney pays Troy for the amount owed. Which of the following statements is false? B) get a 30-year mortgage so that you can get the lowest possible payments. Recent flashcard sets.
D. The Aborigines mined for gold and other minerals, whereas Europeans refused to take anything from the land. A) list your debts in order from smallest to largest balance and focus on paying the smallest debt off first. Suppose that a technology task force is being formed to study technology awareness among instructors. Which of the following is not recommend in the debt snowball method of getting out of debt? How did land use in Australia differ between the Aborigines and European settlers?