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Bob owns his own fresh food company. He currently operates only online and is looking to open a store. He does not know how he should obtain finance for the expansion. Using your knowledge of sources of finance, what source of finance would be the best option for Bob and why?
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- o Describe in detail how you are financing your college education. Include sources like scholarships, loans, family contributions, part- time jobs, savings, grants, etc. o How did you secure these financial resources? What challenges did you face in the process?Assume Louise has inherited a large sum of money and wish to use it to make a real estate investment. She is a working professional in her late 30s. a. Would you recommend her to invest in income property or speculative property? Why? Describe the key characteristics of the income or speculative property on which she would focus her search. b. Louise has studied economics and knows about demand and supply, yet she doesn’t understand how to apply them to an investment analysis. Advise Louise in a practical way, how she might incorporate demand and supply into an investment analysis of property investment?Use the following information. When "trading up," it is preferable to sell your old house before buying your new house because that allows you to use the proceeds from selling your old house to buy your new house. When circumstances do not allow this, the homeowner can take out a bridge loan.Tina and Mike have sold their house, but they will not get the proceeds from the sale for an estimated 4 months. The owner of the house they want to buy will not hold the house that long. Tina and Mike have two choices: let their dream house go or take out a bridge loan. The bridge loan would be for $93,000, at 8.5% simple interest, due in 120 days. (Round your answers to the nearest cent.) a) How big of a check would they have to write in 120 days? b) How much interest would they pay for this loan?
- Judy is a 16-years old who just got her first job. She wants a credit card or debit card to spend money she will be earning. Judy’s parents worry about her spending money she doesn’t own, and don’t want her to accrue heavy interest. Which type of card should she get. a) Credit card with no fee b) A debit card Explain your choice:Based on the information above should Billy open a checking account or a savings account? Explain your choice by citing at least 2 benefits of the account type you chose and why those benefits are a good fit for Billy's current situtation.No hand written solution and no image
- Muna is a mother of 3 kids. Because of some financial problem, she decided to start a business. But she needs some support. Who should be supporting her? a. Family b. Society c. Government d. All the options are correctAli is considering the decision of whether or not to go and study a Master degree. He is currently working as an accountant in XYZ Company. He is thinking of getting a Master Degree, If he decided to study the Master Degree, he would expect to earn higher salary than his current one. On the other hand, the study of the Master Degree would force him to take unpaid leave from his current job. Furthermore, Ali recently purchased a new car. For Ali, the cost of the car is referred to as Select one: O a. Opportunity cost O b. Sunk cost O C. Differential revenue O d. Opportunity Revenue O e. Differential cost3) Steve just traded in his old car for a new Tesla. To help him pay off the monthly car loan, insurance premiums and gas, he is looking to be a driver for Uber as a night gig, after his full-time day job. He is 24 years old, and is a night owl, and thinks this is better use of his time than staying up late playing video games. As a resident of Québec, which statement(s) are true? When driving your car on the road, you are always required to have your private ☐ insurance certificate, your driver's licence and your car registration certificate with you. 11) Québec law requires that all vehicle owners hold a civil liability insurance policy of at least $50,000. This mandatory basic insurance covers property damage you may cause to others. 111) All Québecers are covered by Québec's public automobile insurance plan. IV) Québec's automobile insurance plan is no-fault coverage for everyone, regardless of who is responsible for a given car accident. V) Personal auto insurance policies…
