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iVinArrow [24]
3 years ago
8

Prompt Why is it important to eliminate debt as soon as possible? Read More >>

Business
2 answers:
stich3 [128]3 years ago
7 0

Explanation:

You don't make the decisions about your finances until you have an outstanding debt; your creditors do. You determine how much you are charging for charge it. In some situations, you can increase the interest rate and the minimum payment and you can change your spending to suit it for less than two months.

You Should try to clear out the debt as quickly as possible, but not merely because it saves you money. The side effects of debt will influence other crucial aspects of your life so you don't make more profit and get what you want.

You exude confidence, however once you are out of debt. "You are appealing to people,". "And what do you guess? You draw money instead. So get out of your debt then hold out your debt, if you ask me, the quicker the better.

choli [55]3 years ago
3 0

Important to eliminate debt as soon as possible

Explanation:

1.Because the longer you hold on to your debt, the more interest you will have to pay, which means overall you will pay less than if you pay down the debt quicker.

2.The closer your credit cards and loans are to the limit, the lower your score will be. A bad credit score can cost you thousands of dollars a year in higher interest rates, making it harder to escape from your debt trap. ... Better interest rates on any future loans. Lower insurance premiums.

3.Paying off your credit card slowly typically will not boost your credit scores. The two most important factors affecting your credit scores are: Payment history: Always pay your credit card payment on time. Credit utilization rate: Don't use more than 30% of your available credit.

4.Reasons Debt Is Bad for You

  • Encourages You to Spend More Than You Can Afford. ...
  • Costs Money. ...
  • Borrows From Your Future Income. ...
  • High Interest Rate Debt Causes You to Pay More Than the Item Cost. ...
  • Keeps You From Accomplishing Your Financial Goals. ...
  • Debt Can Keep You From Owning a Home. ...
  • It Can Lead to Stress and Serious Medical Problems.
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Answer:

Profit and loss are directly linked to the amount of money the company is spending to run its business -- its operating expenses. So changes in operating expenses naturally affect owner's equity.

4 0
2 years ago
A survey of 50 retail stores revealed that the average price of a microwave was $375, with a sample standard deviation of $20. A
g100num [7]

Answer:

(D) $369.31 to $380.69

Explanation:

The formula is x ± t (s/√n)

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t = 2.010

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Then,

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8 0
3 years ago
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sladkih [1.3K]

It says that managers don't have to play a leading role under certain conditions.

<u>Explanation: </u>

Leadership Substitute:

A characteristic of a delegate or a circumstance or condition in which leadership works in place of a leader, inappropriate in leadership. All Leaders of an organization can sometimes work very well without a director controlling the management.

The most important aspects of a company are effective leadership, many experts agree. But sometimes it's not necessary to have leadership.  

For example, Raj is a father and that he wants his daughter to do her work. Raj knows he can usually make his daughter do things if he gives her an exchange piece of candy.

However, it's the day after Halloween in this scenario but she already has chocolates. In this respect, Raj's power of leadership has been eliminated, since the normally used award is not effective.

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2 years ago
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
Georgia [21]

Answer:

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KIM [24]
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