Thursday, December 8, 2016

Should I quit my shitty job before I've locked in another one?


I work as a night assistant for my University, the job basically entails sitting at a desk from 11pm to 4am 4 nights a week. The management is incompetent and dismal at communicating information, could not even provide me with a uniform shirt in medium size. The late hours really wore me down this semester with not getting enough sleep before class. The job is also not connected at all with my career goals and won't look that good on a resume because it requires no skills. I also think I have a good chance at getting a job with the library that is connected to my future career, but it's not certain that I'll get the job. Also (and I feel a bit immature for feeling like this is a big issue) at the last minute they decided that returners have to go to mid-year training (initially we didn't have to) which falls early morning on the day of and the day after my boyfriend and I's 21st birthday which we've been planning for months and they won't let me skip the training.

I really want to just turn in my 2 weeks notice now, celebrate my birthday in peace, and hope I get the library job but my dad keeps lecturing me on waiting until I've got the new job before quitting the old one and I know he'll be disappointed if I go ahead and quit but I really don't want to have to cancel special plans for a bad job that I don't plan to keep anyway (even if I don't get the library job I'm looking for a different one somewhere else). Should I go ahead and quit?
Added (1). I also live on campus so housing and food are taken care of with or without the job. I'm absolutely going to have to quit it when I move off campus next summer anyway because night assistants have to live on campus.

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Why do liberals think Obamacare is good?


It's obviously a horrible law. I can't get health insurance now because of it. Before the law I could buy it. Why are they worried about Trump getting rid of it? It will be better without it, I can't wait.

But I want to know why they like it?

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Thursday, December 1, 2016

Personal finance homework help?

There are two common choices for the term of a home mortgage: 15 years or 30 years. Suppose you need to borrow $90,000 at an APR of 6.75% to buy a home. How much interest will you have paid by the end of the 15 year loan? What will your monthly payment be if you opt for a 15 year mortgage?

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Tuesday, November 29, 2016

Where there any people in the film Inside Job that made you angry? If so, explain?

Where there any people in the film Inside Job that made you angry? If so, explain. Are Republicans or Democrats to blame for the financial crisis of 2008? Remember the discussion of how subprime mortgages "pooled" (into Mortgage Back Securities or bonds) as opposed to the traditional mortgage lending that took place at the local level (e.g. Staten Island Bank and Trust). How might things have turned out differently if this old lending system stayed in place? Inside Job discusses evidence that senior bankers on Wall Street used prostitutes and illegal drugs, sometimes paying with company credit cards. If bringing a criminal fraud case related to sub-prime loans and CDOs would be too difficult, should prosecutors go after this other behavior? Should colleges and universities have a policy re- garding conflicts of interest? What are your thoughts on the professors from Columbia and Harvard who were paid to write "analyses"? How has the discipline of economics itself become corrupted? Explain.

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Tuesday, October 25, 2016

Can i legally cover my soon to be ex husbands security cameras on my property?

I caught him cheating about a year ago and we are currently going trough a divorce and he move in with his new girlfriend but we are still legally married I've been paying our houses mortgage and bills by myself for a year, our house has.two houses, the main house and a warehouse in the back that he is using for "cabin shop" and he doesn't even have a permit for that! And recently he installed security cameras in the back warehouse house and I feel like I'm being stalk by him and don't want the cameras there! Can I legally take them down or cover them as a owner of the house and it's both of our houses but he doesn't help with no bills and mortgage… Also I have a son and I've been struggling with all these bills by my self Please GIVE ME LEGAL ADVICE

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Friday, October 7, 2016

When the united states reported the mortgage default data, social scientists discovered new minority?

homeowners were being evicted due to defaults at much higher rates than white homeowners. More high interest mortgages were sold to working class, first time home buyers. The impact of the defaults on minority homeowner is:

a. A manifest effect of credit laws
b. A latent effect of lending practices
c. Widely interpreted as part of business
d. Survival of the fittest
e. Market survival

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Wednesday, September 28, 2016

Wolf of Wall Street: Jordan Belfort an antihero or villain?

I was surprised to see how many people actually find him a hero.Yes he was a successfull,self made man,a mans man,a great salesman. But for what did he use his skills for? For his own gain! It did not matter for him that the naive people he convinced were trusting him with their life savings so they could pay their mortgage and send kids to college, he thought he was ENTITLED to their money cause the thought he spends it better. And look how he spend it: He had a gorgeous wife at home, but cheated her with hookers,was a drug addict, he was filthy rich but he still needed more. For me he is the epitome of everything that is wrong with todays world, but SOME people find him cool cause he lived the high life for some time

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Monday, September 12, 2016

Is a revolving line of credit considered a derivative instrument?

I am trying to support that borrowing on a revolving line of credit would be considered a financing activity in the statement of cash flows based of ASC 230-10. However, this is what the ASC lists:

Cash Flows from Financing Activities
45-14 All of the following are cash inflows from financing activities:
a. Proceeds from issuing equity instruments

b. Proceeds from issuing bonds, mortgages, notes, and from other short- or long-term borrowing

c. Receipts from contributions and investment income that by donor stipulation are restricted for the purposes of acquiring, constructing, or improving property, plant, equipment, or other long-lived assets or establishing or increasing a permanent endowment or term endowment

d. Proceeds received from derivative instruments that include financing elements at inception, whether the proceeds were received at inception or over the term of the derivative instrument, other than a financing element inherently included in an at-the-market derivative instrument with no prepayments

e. Cash retained as a result of the tax deductibility of increases in the value of equity instruments issued under share-based payment arrangements that are not included in the cost of goods or services that is recognizable for financial reporting purposes. For this purpose, excess tax benefits shall be determined on an individual award (or portion thereof) basis.

So what does a revolving line of credit fall under in this context? Thank you!

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Sunday, September 11, 2016

HOA requiring sit down interview?

My mother got a mortgage loan in her name (to get a lower interest rate) but only I will be living there and paying the mortgage. The deed /title is in both names. The HOA is requiring a personal face-to- face interview with both of us. The issue is, is that the seller is required to close on their new property by the end of 2013. Which gives us 5 days to interview. I live in the area ( Fort Lauderdale) so l am available to interview. My mother lives 5 hours away and will not be able to make it by closing.

We put 20k deposit into escrow and have a contract fully executed at this point. However, my mom is willing to have a phone or skype interview.

What are our options at this point? Should I just have the deed/title in my name instead of both names?

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Monday, September 5, 2016

Accounting Help? How to calculate balance in investments account?

The following selected account balances were taken from ABC Company's general ledger at January 1, 2011and December 31, 2011:

January 1, 2011 December 31, 2011
Accounts receivable 52,000 36,000
Cash 23,000 47,000
Inventory 31,000 18,000
Accounts payable 11,000 37,000
Equipment 123,000 144,000
Salaries payable 2,000 4,000
Investments 42,000?
Land 91,000 40,000
Mortgage payable 111,000 60,000
Common stock 110,000 125,000
Retained earnings 32,000 37,000
Additional information for 2011 appears below:
1. ABC Company reported net cash inflows from operating activities of $60,000 and net cash outflows from
financing activities of $87,000
2. ABC Company sold land costing $60,000 and recorded an $8,000 loss on the sale
3. ABC Company purchased equipment for $21,000 cash
4. ABC Company purchased investments for $60,000 cash and sold investments and reported a $25,000 gain on
the sale

Calculate the balance in the investments account at December 31, 2011. Do not use decimals in your answer.

If anyone could please help me out it would be so much appreciated!

Thank you:)

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