1. Miranda uses a credit card to make routine purchases. In the past, she could pay her total credit card bill every month. However, recently she’s been spending a lot more on clothes and eating out, so she’s started carrying a balance on her card. What type of expense is Miranda dealing with?

How did you arrive at this answer?

2. Mateo owns a clothing store. It’s getting close to the holiday season, and he’s hired a few temporary workers to cover the longer hours. Mateo needs to budget his money to pay these additional wages.

What type of expense is Mateo dealing with?

How did you arrive at this answer?

3. Thomas is excited about the new truck he purchased. Now, he needs to add the monthly truck payment to his budget as a new expense.

What type of expense is Thomas dealing with?

How did you arrive at this answer?

Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and bondholders? a) compensating managers with stock options, b) financing risky projects with additional debt, c) the threat of hostile takeovers, d) the use of covenants in bond agreements that limit the firm's use of additional debt and constrain managers actions, e) abolishing the security and exchange commission

Employees at a library check out books to patrons. books have an isbn and a name. the library sometimes has multiple copies of the same book. books have one or more authors. a patron is an individual who has an active (non-expired) library card. for each library card, we store the person's first and last names and their address. for each employee, we store their employee id, current salary, first and last name and their address. we also store the employee id of their current manager. each time we check out a book to a patron we need to store the date of the transaction, the employee who checked out the book to the patron, and the library card of the patron. some employees have library cards. if an employee patron turns in a book late, the fine that they pay is a percentage of their salary. some employees are authors who have library cards—they are allowed to check out as many books as they like.

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?