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3 years ago

You should never make more than the minimum payment on a credit card true or false

2 answers:

Klio2033 [76]3 years ago

6 0

True because if you do so it will eventually add up and when you put money on your credit card or your money gets put on it will take it all and you would have been looking forward to it all week or so.

Andreas93 [3]3 years ago

4 0

The answer is false because you can always pay more off

You might be interested in

Izzy Division of Marine Boats Corporation had the following results last year (in thousands). Sales $4,700,000 Operating income

ASHA 777 [7]

Answer:

Izzy Division's Residual Income is $193,000

Explanation:

given data

Sales = $4,700,000

Operating income = $700,000

Total assets = $3,900,000

Current liabilities = $300,000

target rate of return = 13%

average cost of capital = 12%

to find out

Izzy Division's Residual Income

solution

first we find here Minimum required income that is express as

Minimum required income = Total assets × Target rate of return ................1

Minimum required income = $ 3,900,000 × 13%

Minimum required income = $ 507,000

and

now we find residual income that is express as

Residual income = Operating income - Minimum required income ..........2

Residual income = $700000 - $507000

Residual income = $193,000

Izzy Division's Residual Income is $193,000

4 0

4 years ago

16. A government constructed a bridge 20 years ago at a cost of $30 million. The replacement cost of the bridge today would be $

Contact [7]

Answer:

$20 million

Explanation:

The net of accumulated depreciation is the cost of the road minus accumulated depreciation till date.

Accumulated depreciation=yearly depreciation* 20 years

yearly depreciation=cost/useful life

cost is $30 million

useful life is 60 years

yearly depreciation=$30 million/60 years=$500,000 per yer

accumulated depreciation=$500,000*20=$10 millon

net of accumulated depreciation=$30 million-$10 million

net of accumulated depreciation=$20 million

As a result,option A is the correct answer

8 0

3 years ago

Assume that income inequality has increased between 2000 and 2010 in the United States. Assume that both mean and median incomes

VARVARA [1.3K]

Answer:

The mean income is the average income of all households in the country, while the median income divides the total into two groups, those who earn above the median and those who earn below the median (i.e. the median would be middle point.)

If income inequality has increased then the mean income should rise above the median income since it is affected by extremes, e.g. the 10% richest earn 9 times more income than the lower 90%.

Since we are not given the increase in income inequality, we can assign any positive slope to the mean income.

8 0

4 years ago

Danaher Woodworking Corporation produces fine furniture. The company uses a job-order costing system in which its predetermined

sukhopar [10]

Answer:

a. Calculate the predetermined overhead rate based on capacity.

predetermined overhead rate = $26,190 / 279 hours = $93.87 per hour

b. Calculate the manufacturing overhead applied.

applied manufacturing overhead = $93.87 per hour x 240 hours = $22,528.80 ≈ $22,529

c. Calculate the cost of unused capacity.

cost of unused capacity = (279 hours - 240 hours) x $93.87 per hour = 39 x $93.87 per hour = $3,660.93 ≈ $3,661

$26,190 - $22,529 = $3,661

3 0

4 years ago

You own a portfolio of two stocks, A and B. Stock A is valued at $6,124 and has an expected return of 14.5 percent. Stock B has

Setler [38]

Answer:

The expected return (in percent) on the portfolio is <u>11.8 percent</u>.

Explanation:

The expected return on a portfolio refers to the addition of the products of weight in the portfolio and expected return of all the investment in the portfolio.

For this question, the expected return (in percent) on the portfolio can be calculated as follows:

Portfolio value = $10,375

Value of Stock A = $6,124

Value of stock B = Portfolio value - Value of stock A = $10,375 - $6,124 = $4,251

WA = Weight of stock A in the portfolio = Value of stock A / Portfolio value = $6,124 / $10,375 = 0.59, or 59%

WB = Weight of stock B in the portfolio = Value of stock B / Portfolio value = $4,251 / $10,375 = 0.41, or 41%

EA = Expected return of Stock A = 14.5%

EB = Expected return of Stock B = 7.8%

Therefore, we have:

Expected return on the portfolio = (WA * EA) + (WB * EB) = (59% * 14.5%) + (41% * 7.8%) = 11.8 percent

Therefore, the expected return (in percent) on the portfolio is <u>11.8 percent</u>.

8 0

3 years ago