Obi was a successful college athlete who now runs his own business, but his spending for his “image” has gotten him into financial trouble, adding to his student loan debt.

1) Why can't Obi make ends meet on $80,000/year? What are his "blind spots?"

2) Why does Dan Rosensweig say that your personal financial life should be run like a business? What is step one?

3) Why is personal debt so detrimental to someone who is running their own business?

4) How important is it for people to understand how (student) debt works, for example, why paying it down faster is desirable?

5) Do you think it was eye-opening for Obi to write down every dollar he spent for a period of time? Have you ever done that?

6) What lesson did he learn from Ronnie Lott? What did Obi do to demonstrate that he learned something from him?

7) Do you think Obi will be successful? Why?

8) How did you feel about the financial product promotions within the video? Do you think these are useful products for people in similar situations?

Answers

Answer 1

Answer:

The question is so long. I don't know :)


Related Questions

We are hired as consultants to assist Arctica Co. In accounting for its warranty expenses. Arctica offers a one-year warranty covering parts on each snowmobile it sells. The following Tableau Dashboard is provided to assist us

Answers

The table shows that Arctica has understated the warranty liabilities.

What are warranty liabilities?

It should be noted that warranty expenses are the cost that a business expects to incur from the replacement of goods.

From the complete question, table shows that Arctica has understated the warranty liabilities. This was illustrated in the table.

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Kenny is a college student working a part-time job as a mechanic at a local body shop Kenny earns an average of $25 per hour, working 20 hours per week . Kenny pays his health insurance of $2,200 per year and taxes of $1,000 per year What is his net annual pay? And net monthly pay rounded to the nearest dollar?

Answers

Kenny's net annual pay is $22,800.

Kenny's net monthly pay is $1900.

What is Kenny's net annual pay?

Kenny's net annual pay is her gross pay less any deductions such as insurance and taxes.

Kenny's net annual pay = gross pay - health insurance - taxes

Gross pay = $25 x 20 x 52 = $26,000

Kenny's net annual pay = $26,000 - $2200 - $1000 = $22,800

Kenny's net monthly pay = $22,800 / 12 = $1,900

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The owner of a manufacturing company is considering whether or not to invest in a new sanding machine that costs $1,000. Net expected revenue after installation of the machine is $1,100. What is the expected rate of return

Answers

The expected rate of return will be 10% since the sanding machine costs $1,000 and net expected revenue after installation of the machine is $1,100.

What is an expected rate of return?

An expected rate of return refers to a return on investment (ROI) that an investor anticipates receiving from the borrower.

Given data

Cost = $1,000

Net expected revenue = $1,100.

In conclusion, the expected rate of return will be 10% since the sanding machine costs $1,000 and net expected revenue after installation of the machine is $1,100.

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When the original advisors fell away, many of them were replaced by a circle of consultants called the

Answers

A

Explanation: just found the answer, just trust me the answer is on, md7qz2. look for yourself and then have a good day

if a customer with a food allergy accidentally receives a dish with the allergen in it what should the food handler do

Answers

The food handler must call the emergency medical service so that the patient can be seen as soon as possible and avoid a serious medical risk.

What is an allergy?

It is a term that refers to a set of alterations in the body that can affect the systems

RespiratoryNervousImmunological

Allergies generally occur when the body has an extreme sensitivity to a substance to which it has been exposed, and that under normal conditions do not cause these alterations.

According to the above, the best way to treat an allergy is to call the emergency medical system because the patient's allergic reaction can be severe and cause choking or other serious symptoms that can cause death.

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An arena makes profits of $150,000, $75,000, and $1,250,000 from concerts, circuses, and UFC events, respectively. What are the respective percentages of the total profit? (Round to the nearest percent.)

Answers

Answer:

10%, 5%, 85%

Explanation:

[tex]\frac{(1250+75+150)}{100}=14\frac{3}{4}[/tex] This is the amount, in thousands, required to get 1%.

[tex]\frac{1250}{14.75}=84\frac{3}{4}[/tex], therefore this is 85% (approximated)

[tex]\frac{75}{14.75}=5\frac{1}{12}[/tex], therefore this is 5%, and we'll call this number A
[tex]a*2=10\frac{1}{6}[/tex], and this is 10%!

The inflation rate is the
A. percentage change in the price level from one period to another.
B. absolute change in real GDP from one period to another
C. absolute change in the price level from one period to another.
D. percentage change in real GDP from one period to another

Answers

Answer:

it would be C the absolute change in the price level from one period to another.

The absolute change in the price level from one time period to the next is the inflation rate. Hence, Option C is correct.

What is the meaning of the term “price level”?

A hypothetical measure of total prices for a certain collection of products and services in an economy or monetary union over a specific period, normalised in relation to a base set, is known as the general price level. A daily price index, often the Daily CPI, is used to estimate the general price level.

The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level, in a broader sense, refers to the cost or price of a good, service, or security in the market.

A price index is used by economists to gauge the price environment. A price index is a figure whose movement corresponds to changes in the median price level.

Therefore, Option C is correct.

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What are steps in the problem-solution organizational method of organizing persuasive speeches on questions of policy

Answers

The steps of the organizational problem-solving method aimed at promoting persuasion on policy issues are:

Explanation of the importance of the problemSuggestion of a practical planDemonstration of a needWhat is the relevance of communication?

In a organization, it is essential for information to flow effectively through all organizational systems in order to achieve objectives and goals.

It is essential for the leader to be honest and objective when communicating changes to the stakeholders, explaining the importance, motivations and how the change will be implemented.

Therefore, using the steps for persuasive speeches, the chances of adherence and reduction of resistance are greater, strengthening the organizational culture.

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In terms of increasing motivation, which variable-pay plans are better for newco than others?.

Answers

Answer:

piece-rate pay plan

-A bonus plan.

-A profit-sharing plan.

-A merit-based pay plan.

-An employee stock ownership plan

Thanks in advance for your help.

mention four financial options that you may consider to assist yoy to start your own business​

Answers

Answer:

x²+5x+5(x+5)x²+5x+5x+25x²+5x+5x+25x²+10x25

What causes the cost of a good to increase? low demand and low supply high demand and high supply low demand and high supply high demand and low supply.

Answers

Answer:

The answer is D. High demand low supply

I got it right on egde

Explanation:

Answer: D

Explanation: I got it right

Examples of common ____ used by organizations include failure rates of products produced, availability of goods and services, and customer satisfaction ratings.

Answers

Answer:

Metrics

Explanation:

Which communication objective related to the hierarchy of effects requires explaining the benefit of a new product relative to other similar products offered by​ competitors?

Answers

The communication objective related to the hierarchy of effects is knowledge.

What is knowledge?

Knowledge simply  means having understanding about something by knowing it.

Having good understanding of a new product is important as this help us to everything about the products, including  the important of the product and the benefit consumer of such product tend to derived from using this product compare to other product that are similar to the new product in the market.

Inconclusion the communication objective related to the hierarchy of effects is knowledge.

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If automakers attempted to change the way justin feels about the price of hybrid vehicles in comparison to the other vehicles he is considering, this would be an example of.

Answers

The price of hybrid vehicles in comparison to the other  vehicles would be an example of product repositioning.

What is product repositioning?

Product repositioning is when a company changes their status in the marketplace. Repositioning happens to fulfill consumer wants and needs at a particular time.

Like changes to the marketing mix including product, price, location, and promotion, repositioning refers to changing the position of product in minds of target market.

Hence, the price of hybrid vehicles in comparison to the other  vehicles would be an example of product repositioning.

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On January 1, Year 1, White Co. Sold a property with a remaining useful life of 20 years to Blue Co. For $900,000. At the same time, White entered into a contract with Blue for the right to use the property (leaseback) for a period of 6 years, with annual rental payments of $80,000 that approximate the market rental payments for similar properties. On January 1, Year 1, the carrying amount of the property was $680,000, and its fair value was $770,000. A discount rate for the lease of 10% is used by both White and Blue. The present value factor for an ordinary annuity at 10% for 6 periods is 4. 3553. The lease does not transfer the property to White at the end of the lease term and does not include a purchase option. What amount of lease expense for the right of use of the property is recognized by White in Year 1

Answers

The amount of lease expense for the right-of-use property is $34,842.09.

What is the right-of-use asset?

The right-of-use asset is the lessee's right to use an asset over the lease term.

The amount of the right-of-use asset is determined by calculating the present value of the periodic lease payments, using an online finance calculator as follows.

Data Analysis and Calculations:

Cash  $900,000

Asset $680,000

Gain from sale $220,000

Right of use asset $348,420.86

Lease Liability $348,420.86

N (# of periods) = 6 years

I/Y (Interest per year) = 10%

PMT (Periodic Payment) = $80,000

FV (Future Value) = $0

Results:

PV = $348,420.86

Lease expense for the first year = $34,842.09 ($348,420.86/10)

Sum of all periodic payments = $480,000 ($80,000 x 6)

Total Interest = $131,579.14

Thus, the amount of lease expense for the right-of-use property is $34,842.09.

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The automatic storage water heater was invented by ____, an employee of George Westinghouse, founder of the Westinghouse Corp.

Answers

The person who worked for George Westinghouse and invested the automatic storage water heater was Edwin Rudd.

Who was Edwin Rudd?

Edwin Rudd was an employee of George Westinghouse when he worked at the Fuel Gas and Manufacturing company.

It was here that he invented the automatic storage water heater in 1889 and then spent as much as 8 years to improve on it.

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________ requires a manager to visit an earlier step in the strategic-management process in order to revise actions if necessary.

Answers

Feedback loop requires a manager to visit an earlier step in the strategic-management process in order to revise actions if necessary

What is feedback loop?

A feedback loop involves using prior information about an activity or plan to project future happening.

This will require revisiting of plans to ensure operational success.

Therefore, Feedback loop requires a manager to visit an earlier step in the strategic-management process in order to revise actions if necessary

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True or false? when accepting a credit card for payment, the medical assistant should verify the name and the expiration date on the credit card.

Answers

The answer is true I hope this helps :)

HELP ASAP!!! As the director of sales, Piper wants to create a bar graph to compare the year-to-date sales made by her top five sales associates. Which bar graph would be most effective to present this information?

Answers

Answer:

The first graph I think

Explanation:

the one with more lines

Piper's first option was to choose the bar graph because it is accurate, which makes use of precise lines and numbers. Comparison analysis, which must be simple, is the best approach to convey this information.

What is a bar graph?

The word “bar graph” describes the use of bar graphs to show data, amounts, years, or numbers visually. The bar graph mainly made use of comparisons between metric values for several data subsets.

Bar graphs are used to contrast and compare numerical values, frequency distributions, or other metrics of various types of data. One of the various methods used to convey data in a visual format so that the reader can easily spot patterns or trends is the usage of bar charts.

As a result, option (a) is correct.

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__________is the name for the doctrine that holds that the manufacturer of a product has legal responsibilities to compensate the user of that product for injuries suffered because the product's defective condition made it unreasonably dangerous, even though the manufacturer has not been negligent in permitting that defect to occur.

Answers

Answer:

Product liability

Relationship B has a greater rate than Relationship A. This graph represents Relationship A.

What table could represent Relationship B?


Time (weeks) 3 4 6 9
Plant growth (in.) 1.5 2 3 4.5

Time (weeks) 2 5 6 9
Plant growth (in.) 1.2 3 3.6 5.4

Time (weeks) 2 5 6 9
Plant growth (in.) 1.4 3.5 4.2 6.3

Time (weeks) 2 5 6 9
Plant growth (in.) 1.6 4 4.8 7.2

Answers

Answer:hola nose

nose

Explanation:creo que es la

B

What is the difference between the pre-reservation and installment

Answers

Answer:

is that reservation is the act of reserving, withholding or keeping back while installment is the act of installing; installation or installment can be a portion of a debt, or sum of money, which is divided into portions that are made payable at different times payment by installment is payment by parts at different

Float is defined as the:Multiple Choiceamount of cash a company can immediately withdraw from its bank account.difference between book cash and bank cash.change in the cash balance from one accounting period to the next.

Answers

The answe is A because they give the answer in the text

Ray buys a new tractor for $118,000. He receives consumer surplus of $13,000 on his purchase. Ray's willingness to pay is a. $118,000. b. $13,000. c. $131,000. d. $105,000.

Answers

$131,000
WTP-price paid

I hope this helps you
:)

According to the given data, Ray's willingness to pay is $131,000. The correct option is (C). Willingness to pay also abbreviated as WTP.

What do you mean by the willingness to pay?

The highest amount a consumer is willing to pay for a good or service is known as willingness to pay, or WTP. Usually, it's expressed as a monetary amount or, occasionally, a price range.

After outlining your proposed product or service, ask respondents how much they would be willing to pay for it. Leave the question open-ended so they can enter in any response they like.

Here,

Purchase price of tractor = $118,000

Consumer surplus = $13,000

Calculate the willingness to pay -

Willingness to pay = Purchase price of tractor + Consumer surplus

Willingness to pay = $118,000 + $13,000 = $131,000

Therefore, according  to the given data, Ray's willingness to pay is $131,000.

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When advertisers buy an entire broadcast​ year's worth of national TV advertising time in order to lock in pricing and get the best time​ slots, they are taking advantage of​ ________.

Answers

Taking advantage of upfront TV ad prices corresponds to a strategy that advertisers use to buy the right to broadcast advertising on a TV channel to guarantee better prices and the best times for advertising to run.

What are the advantages of advertising on TV?

The benefits are related to the fact that a national TV channel is a means of mass communication where it is able to reach a large audience.

Therefore, advertising on TV corresponds to a marketing strategy that generates value, attracts new consumers and increases the positioning and competitiveness of a brand.

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True or False. An advantage of using Gantt charts is that they provide a standard format for displaying planned project schedule information.

Answers

Answer:

false

Explanation:

they do not provide a standard format for displaying planned project schedule information.

Ron wants to start a digital marketing firm. He presents his business plan to Reshmie, who agrees to provide some funds for the new business in exchange for ownership interest or stock. Reshmie is called a(n) ______________

Answers

Reshmie is called a shareholder of Ron Digital Marketing firm.

Who is a Shareholder?

A shareholder is an individual person, firm, or institution who holds at least one share of a company's equity.

Because shareholders effectively own the firm, they profit from its success. These benefits take the shape of improved stock values or financial earnings given as dividends.

When a firm loses money, the share price lowers automatically, causing shareholders to lose money or incur losses in their holdings.

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The eu has benefited firms in its member nations because.

Answers

Answer:

firms do not need to market their products and services on a nation-by-nation basis. The EU has benefited its member nations because firms do not need to market their products and services on a nation-by-nation basis.

A 30-year maturity bond making annual coupon payments with a coupon rate of 12% has (Macauley) duration of 11.54 years and convexity of 192.4. The bond currently sells at a yield to maturity of 8%. a) Find the price of the bond if ytm falls to 7% (use financial calculator or spreadsheet).

Answers

The price of the bond if the yield to maturity falls to 7%, based on the period and amount will be $1,620.45.

What is the price of the bond at 7%?

We shall assume that the bond has a face value of $1,000.

The coupon is:

= 12% x 1,000

= $120

The price is:
= (Coupon x Present value interest factor of annuity, 30 years, 7%) + Face value of bond / ( 1 + rate) ^ number of periods

= (120 x 12.409) + (1,000 / (1 + 7%)³⁰)

= $1,620.45

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When an individual weighs her options and makes a choice that maximizes her benefit at the minimum cost, economists refer to this as a process of

Answers

When an individual weighs her options and makes a choice that maximizes her benefit at the minimum cost, economists refer to this as a process of... rational decision making. You just studied 8 terms!
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