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BARSIC [14]
3 years ago
8

The number of individuals who experience credit problems has grown in recent years. What factors have contributed to this growth

? What should be done to reduce this societal problem?
Business
2 answers:
german3 years ago
8 0
Hi!

A lot of times, credit problems arrive from pleasure shopping. These are things that we don't need, but rather want.

Instead of actually saving and buying something with <em>real </em>money, many people just say 'I'll just put it on credit'. They want it <em /><em>now, </em>not later.

This is a <em>very </em>dangerous path which can lead to a lot of debt. In order to reduce this, proper education will have to be given.

People need to be educated on what they should and shouldn't use credit for.

Hopefully, this helps! =)
dexar [7]3 years ago
6 0

Answer:

  • Many times, credit problems occur from satisfying shopping. These are those things which we don't need, but still, we want.
  • Instead of purchasing and buying goods with real money, many people just say 'I'll just put it on credit'. They want it now, not later.
  • This is not the safest passage this can lead to a lot of debt. To reduce this, proper education will have to be given.
  • People need to understand what they should and shouldn't use credit for.

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anzhelika [568]

Answer:

The correct option is C,$500

Explanation:

The amount of interest accrual is the interest on the sum borrowed from October 1 2016 to 31 December 2016,that is 3 months of interest,which is computed below:

Accrued interest =principal*stated interest rate*number of accrued months/12

principal is $25,000

stated interest is 8%

number of accrued months is 3

accrued interest =$25,000*8%*3/12=$500

The accrued interest is to be debited interest expense  because it is an increase in expense  and credited to interest payable as a liability

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2 years ago
Dealing with the fact that certain aspects of any management situation are more important than others is called
luda_lava [24]

Answer:

Recognition of priorities

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Management is a profession and as such skill set to recognizing when some aspects of management becomes important than others and when some goals need to be given more attention to achieving the overall organizational goals can describe as Recognition of priorities.

Recognition of priorities brings some other important aspects of management into focus leaving out the less important ones cancelled or put on hold so as to save time and maximize labor efficiency.

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3 years ago
In standstill water a steam boat is accelerated 3 m per square from position of rest in an interval of 8 sec determine the dista
iragen [17]

<h2>Given:-</h2>

  • Acceleration ,a = 3m/s

  • Initial velocity ,u = 0m/s

  • Time taken ,t = 8s

<h3>To Find:-</h3>

  • Distance travel by the boat ,s
<h3 /><h3>Solution:-</h3>

We have to calculate the distance covered by the boat in given time interval. Using 2nd equation of motion

<h3>s = ut + 1/2at²</h3><h3 />

where,

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a is the acceleration

u is the initial velocity

t is the time taken

s is the distance covered

Substitute the value we get

:⟹ s = 0×8 + 1/2×3 × 8²

:⟹ s = 0 + 1/2 × 3 × 64

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:⟹ s = 3 × 32

:⟹ s = 96 m

Hence, the distance covered by the steam boat is 96 metres.

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kvasek [131]

Answer: 9.7%

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