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4 years ago

What is the problem with paying only your minimum credit card balance each month?

Business

1 answer:

balandron [24]4 years ago

6 0

Answer:

Most credit cards only require you to make a minimum payment each month, which is typically a fixed amount, like $20 to $25 or something thats 1 to 3 percent of your balance so the less you pay now, the more you'll pay later

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The income statement of Dolan Corporation for 2017 included the following items:

Sophie [7]

Answer: Option (B) is correct.

Explanation:

Given that,

Interest Revenue = $141,000

Salaries and Wages Expense = 210,000

Insurance Expense = 21,000

Interest Receivable(2017) = $18,200

Interest Receivable(2016) = $15,000

Salaries and Wages payable(2017) = $17,800

Salaries and Wages payable(2016) = $8,400

Cash Received for Interest:

= Opening Accrued Interest Receivable + Interest Revenue - Closing Accrued Interest Receivable

= $15,000 + $141,000 - $18,200

= $137,800

6 0

4 years ago

Read 2 more answers

The income statement for Delta-tec Inc. for the year ended December 31, Year 2, was as follows:

postnew [5]

Answer and Explanation:

Retain earnings, year 2

= retained earnings year 1 + earning for year 2

= $825,000 + ($245,000 - $65,000)

= $825,000 + $180,000

= $1,005,000

Therefore, The December 31, Year 2, Retained Earnings balance is $1,005,000.

trading inverstments are classified under current assets. the closing balance of trading inverstments is:

trading inverstments purchased at cost in year 2 $346,000

trading inverstments sold at cost in year 2 $66,000

balance of trading inverstments at cost $280,000

The balance sheet is present like:

D-Tec Inc

balance sheet

particulars amount($)

current asstes

trading inverstments(at cost) 280,000

valuation allowance for trading inverstment (72,500)

trading inverstments(at fair value) 207,500

8 0

4 years ago

Funtastic operates on a calendar year. On January 1st, 2017, Funtastic Company placed a new asset into service. The cost of the

skad [1K]

Answer:

Depreciation expenses for 2007 is $8000

Explanation:

Depreciation/year = (Cost - Residual value)/ number of useful life

Depreciation 2007 = ($50,000-$10,000) / 5

= $40,000/5 = $8000

4 0

4 years ago

Read 2 more answers

Which aspect of health are you building when you get enough sleep

ivanzaharov [21]

The aspect of health that you are building when you get enough sleep is brain performance.

<h3>What is health?</h3>

It should be noted that health simply means the state of being free from illness. Maintaining one's physical condition and taking precautions to lower the risk of contracting various diseases constitutes being healthy. Health is the body's innate capacity to adjust to the physical and psychological changes to which it is subjected.

It should be noted that it's important for individuals to slide for at least 8 hours every day in order to stay healthy.

Therefore, the aspect of health that you are building when you get enough sleep is brain performance.

Learn more about health on:

brainly.com/question/5496881

#SPJ1

8 0

2 years ago

Mutual fund companies are what type of companies?

Grace [21]

B. Investment
Hope this helps. :)

7 0

3 years ago

Read 2 more answers