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Ilya [14]
2 years ago
10

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Student debt is a type of debt that is owed by a current student, a formerly withdrawn student or graduated student to a lending institution, or to a financial institution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

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The cost of financing the national debt (in terms of average interest rate paid on the debt) has generally _____ over the last 3
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7 0
2 years ago
Osborn Manufacturing uses a predetermined overhead rate of $20.00 per direct labor-hour. This predetermined rate was based on a
egoroff_w [7]

Answer:

1. Manufacturing overhead applied = Actual hours * Predetermined overhead rate

Manufacturing overhead applied = 13300 * $20

Manufacturing overhead applied = $266,000

From the question, Osborn Manufacturing actually incurred $275,000 of manufacturing overhead. Hence, the Manufacturing overhead is under-applied because the applied manufacturing overhead is less than the actual manufacturing overhead

Hence, Manufacturing overhead under-applied = $275,000 - $266,000

= $9,000

2. Since the applied manufacturing overhead is less than the actual manufacturing overhead, the gross margin would decrease by $9,000. The journal entry will use the under-applied manufacturing overhead for record.  

6 0
2 years ago
(2+45) + [(+3) + (-4)] + {(+6) + [(-14) + (-13) + (+9)] + (-17)}
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Answer:

10

Explanation:

first solve in parenthesis

2+45) + [(+3) + (-4)] + {(+6) + [(-14) + (-13) + (+9)] + (-17)}

46+(-1)+(-35)

46-1-35

10

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7 0
3 years ago
The following is not a category of facts that provide verification of the level of control and independence in determining wheth
gizmo_the_mogwai [7]

Answer:

The correct answer is letter "A": Length of relationship.

Explanation:

The Internal Revenue Service (IRS) 20-Point Test is a guideline aiming to determine if an individual is an employee or an independent contractor of a company for tax-related purposes. The test considers three main categories: <em>behavioral control, financial control, </em>and <em>the type of relationship between the individual and the company.  </em>Independent contractors and employees are treated legally different and must be properly classified by firms to avoid lawsuits.

Therefore, <em>the length of a relationship between an individual and an organization is not considered at the moment of determining if that individual is an employee or a contractor.</em>

4 0
2 years ago
According to W. E. B. Du Bois, "The true college will ever have one goal—not to earn meat, but to know the end and aim of that l
emmainna [20.7K]

Answer:

The correct answer is True.

Explanation:

Basically, Du Bios' message invites awareness of the true usefulness of education, which is not found within the productive environment but in service and satisfaction to others. Also, education has to be a process of self-growth where progress is internalized and people can feel the accomplishment of reaching an educational goal.

7 0
2 years ago
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