All categories

2 years ago

What type of debt has the highest consumer debt balance?.

Business

1 answer:

Zinaida [17]2 years ago

4 0

The student loan debt has the highest consumer debt balance.

Below is an explanation about student loan debt.

<h3>What is Student Loan debt</h3>

Student debt is a type of debt that is owed by a current student, a formerly withdrawn student or graduated student to a lending institution, or to a financial institution

This type of loan has the highest consumer debt balance.

Lean more about types of debt at brainly.com/question/2754850

You might be interested in

Merry Maidens Cleaning generally charges $280 for a detailed cleaning of a normal-size home. However, to generate additional bus

xeze [42]

Answer:

May 1

DR Cash $252

CR Service Revenue $252

<em>(To record payment for services rendered)</em>

Working

Cash = Net Service revenue

Net Service revenue = $280 * ( 1 - 10%)

= 280 * 90%

= $252

7 0

3 years ago

"shoes international is a global nonprofit organization" that works with schools and various companies to donate shoes to childr

Phantasy [73]

Answer:

multinational organization

Explanation:

As it is a non-profit it is not a corporation and because, it made operations and transaction around the globe. Therefore, it should be considered multinational as it is not constraint within the frontiers of a single country.

The most famous multinational organization, are the christian organization like:

Catholic Charities U.S.A
The Salvation Army
The Young Men’s Christian Association (YMCA)

4 0

2 years ago

Rowan Co. purchases 200 common shares (40%) of JBI Corp. as a long-term investment for $600,000 cash on July 1. JBI Corp. paid $

aleksley [76]

Answer:

1. Jul-01

Dr Investment in JBI Corp $ 600,000

Cr Cash $ 600,000

2. Nov-01

Dr Cash $ 5,000

Cr Investment in JBI Corp $ 5,000

3. Dec-31

Dr Investment in JBI Corp $ 100,000

Cr Investment revenue $ 100,000

Explanation:

1. Preparation of Rowan's entries to record the purchase of JBI shares

Jul-01

Dr Investment in JBI Corp $ 600,000

Cr Cash $ 600,000

[To record investment in common shares of JBI Corporation]

2. Preparation of Rowan's entries to record the receipt of its share of JBI dividends

Nov-01

Dr Cash [12,500*40%] $ 5,000

Cr Investment in JBI Corp $ 5,000

[To record receipt of dividends]

3. Preparation of Rowan's entries to record the December 31 year-end adjustment for its share of JBI net income

Dec-31

Dr Investment in JBI Corp [$250,000*40%] $ 100,000

Cr Investment revenue $ 100,000

[To record share of net income for the year]

4 0

2 years ago

In my last job, I led complex negotiations that dealt with the cost, size, and/or scope of the deal. True or false

kherson [118]

Probably seems true....

8 0

3 years ago

Which of the following best explains why resources need to be allocated in the game of economic? A) Natural resources are often

Sladkaya [172]

Answer:

The best explanation for the need to allocate resources in the game of economics is that:

C) There are not enough resources to produce all of the goods and services that everyone wants.

Explanation:

In economics, it has been established that human needs are insatiable and that the resources to meet the needs are not readily and sufficiently available. This is the bedrock of Economics. It is the reason that Economics is studied as a separate course. Scarcity and needs are important concepts in human interactions. Therefore, the ability to allocate scarce resources to enable the production of goods and services is key to human development.

3 0

2 years ago