1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RSB [31]
2 years ago
14

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

Business
1 answer:
timama [110]2 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.

You might be interested in
If the midlands pencil corporation has issued several different debt securities, an investor would expect the lowest income stre
Dafna1 [17]

If the midlands pencil corporation has issued several different debt securities, an investor would expect the lowest income stream from <u>convertible debentures.</u>

Convertible bonds have many positive attributes for investors, but the main drawback is that investors accept lower interest rates in exchange for these benefits.

Convertible debentures are fixed rate debentures that pay interest but can be converted into a specified number of ordinary shares or shares. Conversion of a bond into equity may occur at certain times during the life of the bond and is generally at the discretion of the bondholder.

Due to this logic, a convertible bond allows the issuer to indirectly sell its common stock at a price higher than its current price. From a buyer's perspective, convertible bonds are attractive because they offer the opportunity to capture the potentially high yields associated with equities, but also the security of bonds.

Learn more about bonds here brainly.com/question/9817093

#SPJ4

3 0
1 year ago
A company produces products at 2 plants each of which have a capacity of producing 75 units. 50 units of each product must be sh
zalisa [80]

Answer:

the answer is 6

Explanation:

In this case we would need to have a combination of each plant with each customer. So the variable would be in this way (3C X 2P)

              Customer1            Customer2           Customer3

Plant1      P1C1                      P1C2                     P1C3

Plant2     P2C1                     P2C2                    P2C3

Once you have this you can calculate the best combination to minimize the cost of shipping

7 0
3 years ago
Economics can be defined as the study of?
bazaltina [42]
For whom resources are allocated to increase efficiency. economics can as well be described as the production, distribution and consumption of goods and services. scarce resources that have alternative uses 
7 0
2 years ago
Which of the following is not an advantage of ROI?
dmitriy555 [2]

Answer:

 (A) It encourages managers of departments with high ROIs to invest in average ROI projects.  

Explanation:

The full form of ROI is Return of investment. Generally, ROI is used by different organizations to find out the profit from the expenditure. By using the concept of return of investment the organization can save money as well as time.ROI also helps to explore and measure potential returns on various investment opportunities

Therefore answer is a.

7 0
3 years ago
What is the best way a bank can insulate itself from risk in changes in the business economy?
andre [41]

Answer:

Actually they would do the vice versa

5 0
3 years ago
Read 2 more answers
Other questions:
  • How does globalization impact the u.s. economy
    6·1 answer
  • In order to isolate a subset of records from an open form or datasheet that will be needed only temporarily, a set of criteria m
    8·1 answer
  • Dominique's health insurance plan requires that all tests and specialist visits
    8·2 answers
  • What percentage of American business owners used money of their own, or form their families, to start or buy a business
    6·2 answers
  • Type the correct answer in the box. Spell all words correctly. Who plans, codes, and creates web pages? plan, code, and create w
    9·1 answer
  • Jackson Company produces plastic that is used for injection-molding applications such as gears for small motors. In 2019, the fi
    15·1 answer
  • raffle is being held at a benefit concert. The prizes are awarded as follows: 1 grand prize of $6,600.00, 3 prizes of $800.00, 3
    13·1 answer
  • Which phrase best completes the diagram?
    7·2 answers
  • A work system has five stations that have process times of 5, 9, 4, 9, and 8. What is the bottleneck time
    9·1 answer
  • What is a sole proprietorship?
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!