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3 years ago

Apply What You’ve Learned - Managing Credit Cards and ConsumerLoans

Business

1 answer:

timama [110]3 years ago

4 0

Answer:

1) In general, is it a good idea to make only minimum payments on your credit cards?

No, the small payment requirement is mathematically guaranteed to keep you in debt for many years.

All you have to do is analyze the interest rates charged by the credit card companies and it is really difficult for any investment to match those interest rates.

2) Assuming you have $1,500 in your budget this month with which to pay down your credit cards, how much should you pay on each card?

I would start with the cards that charge the highest interest rates. I would pay the full balance of the department store card and the gasoline card = $600 + $300 = $900

Since I have $600 left, I would then pay the minimum payments for the cards that charge the least interest rates. I would pay $40 to Discover card and $60 to VISA.

The remaining $500 would be used to pay MasterCard 1 card and lower its balance.

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The period between March 9 and June 16, 1933, when Congress passed 15 major acts to meet an economic crisis, was called________.

JulijaS [17]

Answer:

Hundred Days

Explanation:

The period between March 9 and June 16, 1933, when Congress passed 15 major acts to meet the economic crisis of the Depression was called <u>the hundred Days</u>. As we know that the First New Deal began in a whirlwind of legislative action called “The First Hundred Days.” From March through June 1933, at Roosevelt’s behest, Congress passed legislation aimed at addressing the banking crisis, unemployment, and weak industrial performance, among other problems, through an “alphabet soup” of new laws and agencies.

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3 years ago

Why might an older person invest in conservative investment portfolio? a.Because an older person has less time to make up for ba

Musya8 [376]

The correct answer is <span>a.Because an older person has less time to make up for bad investments

Young people have their entire life to fix their bad investments and can invest into new things that are up and coming and developing. Older people don't have time for that and have to approach investments differently.</span>

4 0

3 years ago

Callaway golf company conducted a one-time survey of golfers and asked them about their attitudes, preferences, and intentions r

ch4aika [34]

Callaway golf company conducted a one-time survey of golfers and asked them about their attitudes, preferences, and intentions regarding buying custom clubs. this is an example of a(n) "cross-sectional study".

<h3>What is cross-sectional study?</h3>

A cross-sectional study examines data from a group of people at one point in time. Participants throughout this type of research are chosen based on certain variables of interest.

Some key features of cross-sectional study are-

Cross-sectional studies are common in psychology, but they are also employed in many other fields, such as social science and innovation.
Cross-sectional studies is observational in nature but are classified as descriptive research rather than causal or relational research, which means they cannot be used to pinpoint the source about something, such as a sickness.
Researchers collect information from a population, yet they do not change variables.
This strategy is frequently used to draw conclusions about potential links or to collect early data to enable additional research and experimentation.

To know more about the cross-sectional study, here

brainly.com/question/14557972

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6 0

2 years ago

An industry that has many companies offering the same basic product, but with some slight difference is

mario62 [17]

An industry that has many companies offering the same basic product, but with some slight difference is B. monopolistic competition.

Monopolistic competition is found in industries where slight differences of a product is possible but they basically offer the same thing. A few examples of monopolistic competition are those in the restaurant or hospitality career field. These businesses offer food or hotel rooms which are what their competitions offer as well, but what they include within their packages or their food offerings may differ.

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3 years ago

Cheyenne Corp. had the following transactions during the current period.

Soloha48 [4]

Answer:

Mar. 2 Issued 4,000 shares of $4 par value common stock to attorneys in payment of a bill for $21,200 for services performed in helping the company to incorporate.

Dr Incorporation expenses 21,200

Cr Common stock 16,000

Cr Additional paid in capital - common stocks 5,200

June 12 Issued 56,400 shares of $4 par value common stock for cash of $305,500.

Dr Cash 305,500

Cr Common stocks 225,600

Cr Additional paid in capital - common stocks 79,900

July 11 Issued 1,950 shares of $100 par value preferred stock for cash at $130 per share.

Dr Cash 253,500

Cr Preferred stocks 195,000

Cr Additional paid in capital - preferred stocks 58,500

Nov. 28 Purchased 2,560 shares of treasury stock for $78,500.

Dr Treasury stocks 78,500

Cr Cash 78,500

Treasury stocks account is a contra equity account which decreases the value of stockholders' equity.

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3 years ago