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saw5 [17]
1 year ago
5

Now that you‘ve learned about the history of credit and debt in America, how does this impact the way you think about money? Wha

t will you do differently as a result?
Business
1 answer:
yKpoI14uk [10]1 year ago
4 0

The history of credit and debt in America impact me in a way that though a lot of people disliked like the idea of debt, it is one of the way of life.

<h3>Is credit history important in our lives?</h3>

Good credit is known to be one that plays a key role in a person's financial life.

Note that it is one that is seen to be not only essential and it is one that is used to be qualifying for a loan or when one is trying to get a credit card,

Credit scores do influence our  financial life and as such, The history of credit and debt in America impact me in a way that though a lot of people disliked like the idea of debt, it is one of the way of life.

Learn more about debt from

brainly.com/question/1957305

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Sammy and Monica, both age 67, incur and pay medical expenses in excess of insurance reimbursements during the year as follows:
Mademuasel [1]

Answer:

The Sammy and Monica’s medical expense deduction for regular income tax purposes is $17,750.

Explanation:

For the purpose of regular income tax, the deduction pertaining to medical expenses are available up to the extent it exceeds 10% of AGI.

Deduction available = excess expenses incurred - 7.5% of AGI

                                 = ($16,000  + 4,000  + 2,500 +5,000) - 7.5%*130000

                                  = 27500 - 9.750

                                  = $17,750

Therefore, The Sammy and Monica’s medical expense deduction for regular income tax purposes is $17,750.

5 0
3 years ago
Which of these gives companies an anticompetitive impulse? consumer behavior the profit motive market research efficiency
Evgen [1.6K]

Answer:

The profit motive

Explanation:

Although the <em>profit motive</em> is essential and common among all businesses that exist, it is by nature anti-competitive, meaning it is not a trait used to create substantial competitive advantage. It is a notion that will certainly not attract customers. However, it is always present (and most customers know that), but the profit motive will never be communicated through mrketing activities etc.

3 0
3 years ago
Read 2 more answers
The amount of the average investment for a proposed investment of $191,000 in a fixed asset with a useful life of 4 years, strai
sineoko [7]

$30300
Annual depreciation = (purchase price - salvage value) / useful life
Straight line depreciation = Annual depreciation / (purchase price -salvage value)
The steps in calculating a straight line depreciation are:
Find out how much the asset costs.
To determine the entire depreciable amount, deduct the asset's estimated salvage value from the asset's purchase price.
Find out how long the item will be useful.
To calculate the annual depreciation amount, multiply the total from steps (2) and (3) by the figure determined in steps (3).
i.e, = $191000-$30300 = $160700
an asset with a useful life of 4 =$160700/4 =$40 175
so the straight-line depreciation rate is at 4.7%
In 4 years Straightline depreciation will be $30300
To learn more about Straight line depreciation please refer to-
brainly.com/question/11974283
#SPJ4

6 0
2 years ago
If $5000 is invested at an interest rate of 4% each year, what is the value of the investment in 5 years? write an exponential f
Alex Ar [27]

The compound interest amount after 5 years be $6,083.26.

<h3>What is compound interest?</h3>

Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit.

Compound interest is when you receive interest on both your interest income and your savings.

If this value was compounded in 5 years, then we are going to utilize the compound interest formula to solve it.

A = p(1+r)^n

Where A be the amount accumulated for the entire period. 

p be the Money invested

r be the Interest rate per year

n be the period the money was invested. 

A = 5000(1+4/100)^5

The exponential function is

A=5000*1.04^5

= 5000 * 1.216652902

= 6,083.264512

The amount after 5 years be $6,083.26

The compound interest amount after 5 years be $6,083.26.

To learn more about compound interest refer to:

brainly.com/question/24274034

#SPJ4

4 0
2 years ago
With regard to a futures contract, the long position is held by a. the trader who plans to hold the contract open for the length
vfiekz [6]

Answer:

The answer is e. the trader who commits to purchasing the commodity on the delivery date.

Explanation:

The long position in a forward position agrees to buy the stock when the contract expires. The long futures position is an unlimited profit, unlimited risk position that can be entered by the futures speculator to profit from a rise in the price of the underlying

7 0
2 years ago
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