All categories

3 years ago

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

Business

1 answer:

balandron [24]3 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

You might be interested in

A lease option is a clause that grants an option holder the right, but not the obligation, to renew the lease, cancel the agreem

kow [346]

Answer:

B. Increases the expected present value of lease cash flows to the owner

Explanation:

A lease option gives a right but not the obligation to the renter of the property to buy the said property at today's current market price upon the expiry of lease term.

Lease option is similar to an option contract, the difference being, here instead of securities, leased property serves as the underlying asset and instead of option premium, the renter pays a premium each year in addition to the rental charges.

Lease cash flows refer to the present value of future cash flows which the lessor/owner receives in the form of lease rentals plus the added premium each year.

The more the benefits under lease option clause, the higher the premium charged and thus, more would be the future receipts of owner which would increase the expected present value of lease cash flows to the owner.

8 0

3 years ago

Explain<br> What an<br> organization High- uncertainty is

Korolek [52]

In a country with a high uncertainty avoidance majority of people have an increased level of anxiety about uncertainty and ambiguity

5 0

2 years ago

A basic principle of economics is that a country’s standard of living depends on its a. Quantity of physical capital. b. Abundan

Nookie1986 [14]

This answer should be C

7 0

3 years ago

The spaghetti sells 340 units per week at $12 per plate. The steak sells 212 units at $16 per plate. Which has the higher

stepan [7]

Answer:

a) Spaghetti

Explanation:

Dollar value means the actual amount raised from selling. In this case,

spaghetti will have dollar sales of:

=340 x $12

=$4,080

Steak

=212 x $16

=$3,392

Therefore, spaghetti has higher dollar sales.

4 0

2 years ago

The ledger of Rios Company contains the following balances after adjustments: Retained Earnings $30,000; Dividends $2,000; Servi

ch4aika [34]

Answer:

Service Revenue 50,000 debit

Income summary 50,000 credit

--to close revenues accounts--

Income summary 34,000 debit

Salaries and Wages Expense 27,000 credit

Supplies Expense 7,000 credit

--to close expenses accounts--

Income summary 2,000 debit

Dividends 2,000 credit

--to close dividends account--

Income summary 14,000 debit

Retained Earnings 14,000 credit

Explanation:

To close the temporary accounts which are, revenues, expenses and dividends we will use an auxiliary account called Income Summary

Then, once all are closed we transfer their balance into retained earnings:

Income summary

DEBIT CREDIT

50,000

34,000

Balance 14,000

7 0

3 years ago