1- the article was about a HMO company and a hospital not getting bills worked out so the patient had to deal with it all. He got his car taken away and had to go to court over this whole thing.
2- I think "Lenny" should drop his HMO and get his own personal insurance policy so he wont have to go though all that again. The hospital was more than understanding about this whole thing and gave his car back.
Thursday, May 22, 2008
Friday, May 16, 2008
14.1 assessment
1- In case you get sick and cant work i can still pay bills.
2- hospital exp- pays all or some of the daily costs of room & board, surgical exp- pays all or part for an operation, physician exp- meets some or all of the cost of physician care that do not involve surgery.
3- Reimbursement you have to pay a higher deductible but indemnity doesn't pay you as much.
4- If insurance companies don't place limits on the amount of cost they will cover they could go out of business.
5- it is all ways a good idea to have health insurance because even if u lead a healthy life there is still a chance of her getting sick or hospitalized.
6- he should go with the second plan because it is the cheapest he doesn't need a big health plan because he is single.
2- hospital exp- pays all or some of the daily costs of room & board, surgical exp- pays all or part for an operation, physician exp- meets some or all of the cost of physician care that do not involve surgery.
3- Reimbursement you have to pay a higher deductible but indemnity doesn't pay you as much.
4- If insurance companies don't place limits on the amount of cost they will cover they could go out of business.
5- it is all ways a good idea to have health insurance because even if u lead a healthy life there is still a chance of her getting sick or hospitalized.
6- he should go with the second plan because it is the cheapest he doesn't need a big health plan because he is single.
Thursday, May 1, 2008
Thursday, April 10, 2008
7.2 assessment
1.) Greater mobility, fewer responsibilities, and lower initial cost.
2.) Fewer financial benefits, and it can contribute to a more restrictive lifestyle.
3.) Location , Living pace, Utilities, Security deposits, and Insurance.
4.) They should rent efficiency because there is more than one living units and more room
5.) The move would save him $75 each month the whole rent costs $1,200 and evenly divided by 2 people is $600 each.
6.) She has only been living in the apartment for like 6 months and she is a college student so I wouldn't keep the cat. She has spent $2,700 already, that to much money she has already put into living in the apartment to break the contract.
2.) Fewer financial benefits, and it can contribute to a more restrictive lifestyle.
3.) Location , Living pace, Utilities, Security deposits, and Insurance.
4.) They should rent efficiency because there is more than one living units and more room
5.) The move would save him $75 each month the whole rent costs $1,200 and evenly divided by 2 people is $600 each.
6.) She has only been living in the apartment for like 6 months and she is a college student so I wouldn't keep the cat. She has spent $2,700 already, that to much money she has already put into living in the apartment to break the contract.
Monday, April 7, 2008
A nation in debt
1.) $3 trillion+ in expected budget and $5 trillion in debt.
2.)They say Bush did the best he could in the wake of the 9/11 attack.
3.)Harvard's economist N. Gregory Mankiw.
4.) Yes I do. If the government pays for health care people wouldn't be in debt as much as they are right now, that way they could have more spending money they could use to pump into the economy.
5.)http://www.nationalscoreindex.com/Calculators_OutstandingDebt.aspx
2.)They say Bush did the best he could in the wake of the 9/11 attack.
3.)Harvard's economist N. Gregory Mankiw.
4.) Yes I do. If the government pays for health care people wouldn't be in debt as much as they are right now, that way they could have more spending money they could use to pump into the economy.
5.)http://www.nationalscoreindex.com/Calculators_OutstandingDebt.aspx
Friday, April 4, 2008
CPI
CPI- is comparing prices form the past to today's prices.
1.)Milk (Wes. Fam.) $3.99/1gal.
2.)Eggs (Wes. Fam.) $2.23/24oz.
3.)Hamburger (Bucks) $2.96/1.24 lbs.
4.)Chicken (Golden) $3.69/56oz .I think chicken will will go up because the price of corn will go up.
5.)Butter (Wes. Fam.) $3.99/1lbs.
6.)Ice Cream (Breyer) $6.55/1.69litters.
7.)Chips (Ruffels)$3.49/120z.
8.)Bread (Wes. Fam.) $1.29/240z. 
9.)Ketchup (Wes. Fam.) $1.79/24oz.
10.)Cereal (Post) $4.19/13oz.Monday, March 31, 2008
Higher Food Prices
1.) Gas is riseing so it cost more to transport them.
2.) Selling goods closer to throw-out dates. they are spending less for goods when they are closer to throw-out dates.
3.)Milk, Bread, Eggs, Hamburger, Butter, Ice Cream, Cereal, Chicken, Ketchup, and Chips.
4.) The Consumer Price Indexes (CPI)
steak(sirloin) price has starded to go down
Jan (2008)-$5.543
Feb(2008)-$5.235
cow population has grown
2.) Selling goods closer to throw-out dates. they are spending less for goods when they are closer to throw-out dates.
3.)Milk, Bread, Eggs, Hamburger, Butter, Ice Cream, Cereal, Chicken, Ketchup, and Chips.
4.) The Consumer Price Indexes (CPI)
steak(sirloin) price has starded to go down
Jan (2008)-$5.543
Feb(2008)-$5.235
cow population has grown
Thursday, March 27, 2008
Credible Credit Counselors
Client 2- Under the Fair Debt Collection practices Act the agency should not be calling you at your home and place of work every hour. Your legal rights have been violated but you are protected under federal law. You have been some what irresponible but you are working to get caught up on your payments. I reccomand you talk to your bank about the car payments and about the agency harassing you about the payments.
Client 3- According to Truth in Lending and Consumer Leasing Act the ad needs to tell the monthly payments and the interest rate. Your legal rights have been violated but you are protected under federal law. You have been responisble by contacting us to see what actions you should take. If you want to cheek them out, go there and ask for the missing information, but i say look at a diffrent ad for a sofa that tells you the monthly payments and interest rate.
Client 4- By law under the Fair Credit Reporting Acts they must tell you why you have been turned down for credit. Your legal rights have been violated but you are protected under federal law. You have been responisble by contacting us to see what actions you should take. Demand why you have denied for credit.
Client 5- According to Truth in Lending and Consumer Leasing Act protects you from unauthorized used. Your legal rights have been violated but you are protected under federal law. you have been irresponisble by not calling the credit company right away. You need to call and cancel your cards right away.
Client 6- According to Truth in Lending and Consumer Leasing Act they did tell you the fees and interest rate. Your legal rights are not being violated. You are being responible by contacting us to see what your actions are. You should shop around more and learn the credit laws.
Client 3- According to Truth in Lending and Consumer Leasing Act the ad needs to tell the monthly payments and the interest rate. Your legal rights have been violated but you are protected under federal law. You have been responisble by contacting us to see what actions you should take. If you want to cheek them out, go there and ask for the missing information, but i say look at a diffrent ad for a sofa that tells you the monthly payments and interest rate.
Client 4- By law under the Fair Credit Reporting Acts they must tell you why you have been turned down for credit. Your legal rights have been violated but you are protected under federal law. You have been responisble by contacting us to see what actions you should take. Demand why you have denied for credit.
Client 5- According to Truth in Lending and Consumer Leasing Act protects you from unauthorized used. Your legal rights have been violated but you are protected under federal law. you have been irresponisble by not calling the credit company right away. You need to call and cancel your cards right away.
Client 6- According to Truth in Lending and Consumer Leasing Act they did tell you the fees and interest rate. Your legal rights are not being violated. You are being responible by contacting us to see what your actions are. You should shop around more and learn the credit laws.
Monday, March 17, 2008
Section 6.3
1.contact your credit company. the company must acknowledge the letter in 30 days then in two billing periods.
2. Dont give out your personal information, make sure you get your card bak after every purchase, and sherd personal papers before getting rid of it.
3. it protects you from unfair billing acts
2. Dont give out your personal information, make sure you get your card bak after every purchase, and sherd personal papers before getting rid of it.
3. it protects you from unfair billing acts
Tuesday, March 11, 2008
6.2 pg 177 1-5
1.) Amount of income and simple interest.
2.) Character, Capacity, Capital, Collateral, and Credit History.
3.) A-Open a checking or savings account, or both
B-Take out small loans from your bank
C- Make payments on time.
4.) Put down a bigger down payment on the item and make pay the payments in full on time.
5.)$95 / $820 = 11.6% with out college loan
$215 / $820 = 26.22% with college loan
2.) Character, Capacity, Capital, Collateral, and Credit History.
3.) A-Open a checking or savings account, or both
B-Take out small loans from your bank
C- Make payments on time.
4.) Put down a bigger down payment on the item and make pay the payments in full on time.
5.)$95 / $820 = 11.6% with out college loan
$215 / $820 = 26.22% with college loan
Friday, March 7, 2008
FICO credit score
1. Large bank use it to see if some ones a risk.
2. When some one with good credit puts some one with bad credit as a user of there credit card so they can bring up there credit.
3. -A.) Payment history.
-B.)Types of credit used (more the better).
-C.)# of recent credit openings & inquiries.
-D.)Length of credit history.
-E.)Level of indebitness.
-B.)Types of credit used (more the better).
-C.)# of recent credit openings & inquiries.
-D.)Length of credit history.
-E.)Level of indebitness.
4. They will be more forgiving and yet more strict
Friday, February 29, 2008
Student Debt Soars
1- Private school loans have less interst to pay than state univeristy and is wider abailability.
2- So they can pay off the debt faster with a college degree. If they drop out they have limited ability to pay it off.
3- Beginning July 1, 2008, the TEACH Grant program will provide up to $4,000 a year in grant aid to undergraduate and graduate students and students enrolled in a post-baccalaureate teacher credential program, or current or prospective teachers. Eligible undergraduate and post-baccalaureate students may not receive more than $16,000 and graduate students may receive no more than $8,000 in total TEACH Grants.
Tuesday, February 26, 2008
Section 6.1 Questions
1. Advantage -lets you enjoy goods and services now.
-credit cards allow you to combine several purchases, making just 1 monthly payment.
Disadvantage- temptation to buy more than you can afford.
-If you fail to pay your bills you can lose your good credit reputation.
2. close-end credit - is credit as a one-time loan that you will pay back over a specified period of time in pay ments of equal amounts.
Open-end credit - is credit as a loan with a certain limit on the amount of money you can borrow for a variety of goods and services.
3. A) Family or parents.
B) Commercail banks, Savings plan, and Credit Unions.
C) Finance companies and Retail stores.
5. I think using credit cards is fine as long as you have the money to back it up. Ceridt cards should only be used in emergancy becuase if you use everyday for trival goods you can go over your financial limits. I do plan on geting a credit card when i am older and have more income. I prefer using cash one low priced goods and using a credit card for high priced goods.
-credit cards allow you to combine several purchases, making just 1 monthly payment.
Disadvantage- temptation to buy more than you can afford.
-If you fail to pay your bills you can lose your good credit reputation.
2. close-end credit - is credit as a one-time loan that you will pay back over a specified period of time in pay ments of equal amounts.
Open-end credit - is credit as a loan with a certain limit on the amount of money you can borrow for a variety of goods and services.
3. A) Family or parents.
B) Commercail banks, Savings plan, and Credit Unions.
C) Finance companies and Retail stores.
5. I think using credit cards is fine as long as you have the money to back it up. Ceridt cards should only be used in emergancy becuase if you use everyday for trival goods you can go over your financial limits. I do plan on geting a credit card when i am older and have more income. I prefer using cash one low priced goods and using a credit card for high priced goods.
Friday, January 11, 2008
Unit Prices
Product: Milk
Brand: Horizon
Price: $4.45
Unit Price: $2.35/
Product: Milk
Brand: Wes. Fam.
Price: $2.24
Unit Price:$1.32/L
Price: $2.24
Unit Price:$1.32/L
Cheaper: Wes. Fam.
Product: PizzaBrand: DiGiorno
Price: $5.99
Unit Price:$0.007/G
Product: Pizza
Brand: Tombstone
Price: $3.99
Unit Price:$0.006/G
Unit Price:$0.006/G
Cheaper: Tombstone
Product: Energy DrinkBrand: Monster
Price: $1.99
Unit Price:$0.42/ML
Product: Energy Drink
Brand: Rockstar
Price: $1.99
Unit Price:$0.42/ML
Equal pricePrice: $1.99
Unit Price:$0.42/ML
Product: GumBrand: Trident
Price: $0.76
Unit Price:$0.02/G
Product: Gum
Brand: Orbit
Price: $0.76
Unit Price:$0.04/G
Cheaper: TridentBrand: Orbit
Price: $0.76
Unit Price:$0.04/G
Product: BreadBrand: Wonder
Price: $2.19
Unit Price:$0.003/G
Product: Bread
Brand: Wes. Fam.
Price: $1.69
Unit Price:$0.002/G
Brand: Wes. Fam.
Price: $1.69
Unit Price:$0.002/G
Cheaper: Wes. Fam.
Tuesday, January 8, 2008
Repair or Replace
1Q) How do manufactures' Web sites help consumers with product problems and repairs?
1A) They tell you if your warranty is stiil in afect and how much the repairs will cost.
2Q) How can consumers decide if they should have a product repaired by the manufacture?
2A) If it is cheaper than buying a new one.
3.A-1 year warranty
3.B-You must call 1-800-345-7669 to receive instruction
3.C-no
Thursday, January 3, 2008
Stock Market Game
Biggest gainer- (MSFT) Microsoft (100 shares)
Bought at-$30.30/share
Ended at- $34.53/share
Total gain-$422.58
Biggest loser-(HANS) Hansen Natural corp. (100 shares)
Bought at- $65.41/share
Ended at- $49.12/share
Total lose- $1,629.26
Final Ranking- 86 of 142
Total Equity-$98,347.26
Microsoft did better becuase they are the leader in ther branch.
Hansens had to struggle against bigger names like pepsi and coca-cola.
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