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Ede4ka [16]
3 years ago
9

Which of the following is the best example of a good debt strengthening your financial security?

Business
2 answers:
musickatia [10]3 years ago
6 0
There are many different types of "good debt" to have. Good debt with on time payments helps increase your credit score tremendously overtime because it shows lenders you can borrow money and pay it back on time. Paying your bills on time and sticking to your budget can contribute to payments paying off good debt. A mortgage is an example of good debt. 
butalik [34]3 years ago
5 0

Answer:

<em>Paying debt on time, to increase trust among the lender and borrower, investing in one self that would yield more positive result over time.</em>

Explanation:

<em>An example of  good debt that an strengthening one's financial security is   buying things that save you time and money, buying essential items, investing in yourself by borrowing for more education or to consolidate debt out a mortgage,  </em>

<em>Another example of a good debt is sticking to your budget can contribute to payments paying off good and paying debt on time and.  when you pay on time what you owe  helps increase your credit score better over period of time, because it shows lenders you have the ability to pay back what you borrow on time. </em>

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People who receive the benefit of a good without contributing to its costs of production are called?
masha68 [24]

Free riders are those who gain from a thing without contributing to its manufacturing expenses.

<h3>When the creation of a thing incurs external expenses, the?</h3>
  • An external cost occurs when the production or use of a goods or service imposes a cost (negative effect) on a third party.
  • If a good has external costs connected with it (negative externalities), the social costs will be larger than the private cost.
  • Market failure may occur in the presence of external expenses. This is because the free market frequently ignores the existence of external expenses.
  • The cost to a third party of consuming/producing one more unit is known as the external marginal cost (XMC).

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5 0
2 years ago
Not adjusting the amounts reported in the financial statements for inflation is an example of which basic principle of accountin
Kaylis [27]

Not adjusting the amounts reported in the financial statements for inflation is an example of Monetary unit basic principle of accounting.

What is Monetary unit?

The monetary unit principle stipulates that only transactions that may be stated in terms of a currency should be documented. In other words, non-quantifiable items shouldn't be recorded in the financial statements of a company. Money has become a common measurement unit in accounting over time.

Therefore,

Not adjusting the amounts reported in the financial statements for inflation is an example of Monetary unit basic principle of accounting.

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8 0
2 years ago
Property risks are those
Hatshy [7]

Answer:

a

Explanation:

Property risk is an example of a pure risk.

Pure risks are risks in which loss is the only possible outcome. It could be full loss or partial loss. Other examples of pure risks are personal and liability risks

Property risk is the risk that a person or company's property would be damaged or lost.

For example, if a building is set on fire or if a car is stolen

5 0
3 years ago
In the opinion of the author, an engineer has a moral obligation to whistle blow two additional criteria must be met: the engine
Klio2033 [76]

Answer:

True

Explanation:

Richard De George is known for his work in business ethics. He discussed the conditions to permit whistle-blowing.

According to De George, whistle-blowing is permitted as moral authority when these 3 conditions are met:

1) The harm that will be done by the product [or company action] to the public is severe and considerable.

2) The engineer has told their superiors about their concern

3) The engineer has not received a satisfactory answer from their supervisors and also from other superiors and he is left with no other alternatives.

According to De George, whistle-blowing is mandatory as moral duty when these 2 additional conditions are met:

4) The engineer must have documented evidence that would convince a reasonable observer that his or her view is correct

5) There must be strong evidence that making the information public will in fact prevent the threaten serious harm.

7 0
3 years ago
Trowel Corp. has outstanding accounts receivable totaling $13,000,000 as of December 31 and sales on credit during the year of $
maksim [4K]

Answer:

$756,000

Explanation:

Allowance for Bad Debts opening        ($24,000)

Allowance for Bad Debts Closing         $780,000

(13,000,000)*6%

Allowance Bad  Debt Expense for the year  $756,000

5 0
3 years ago
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