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RSB [31]
3 years ago
14

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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Bonita Inc. has an investment in available-for-sale securities of $65000. This investment experienced an unrealized loss of $610
Serga [27]

Answer:

Decrease by $6100

Explanation:

Any gain or loss adjustment on an investment in available-for-sale securities is accounted for under the title Other Comprehensive Income in the Statement of Profit and Loss and Other Comprehensive Income. Thus, the effect of this loss on comprehensive income will be a Decrease by $6100.

6 0
3 years ago
A swot analysis contributes to the strategic planning process by identifying ____ resources.
velikii [3]
Below are the resources:

<span>Logistical, human, technical, financial
</span>

A SWOT analysis is an organized arranging strategy that assesses those four components of an association, venture or business wander. A SWOT examination can be completed for an organization, item, place, industry, or individual. It includes determining the target of the business wander or extend and distinguishing the inside and outside variables that are great and negative to accomplish that goal.

4 0
3 years ago
Asset sales, Usage fees, Brokerage frees, and advertising are all ___?
lapo4ka [179]

Answer:

sources of business revenue

Explanation:

Revenue is the money a business gets from its normal trading activities.  It is the income a business obtains through the sales of goods and services to customers. Revenue includes discounts received and purchase returns.

The sale of an asset is revenue to a business because it will receive money from the transaction. Usage fees, Brokerage fees, and advertising are money that businesses receive for offering services.

7 0
3 years ago
___ social classes do not tend to be among Whole Foods customers because of the higher prices for products.
Luden [163]

Answer:

A

Explanation:

Lower class can not usually afford store like this. Hence why they are called lower class

8 0
3 years ago
Read 2 more answers
The marginal propensity to consume is 0.75 and the economy is operating at full-employment real GDP at $510 billion. If a $20 bi
KiRa [710]

Answer:

Long run real GDP will remain unchanged.

Explanation:

The increase in personal taxes (-$20 billion) would offset any increase in real GDP generated by the increase in private consumption ($20 billion). Nominal GDP can be affected and increase by $20 billion, but the effect would be given by an increase in general price level (inflation), not by an increase in real money.

6 0
3 years ago
Read 2 more answers
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