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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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B. You can get a volume discount on your products.

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7 0
3 years ago
Even as it begins to produce the Mirai for the U.S. market, Toyota continues to manufacture its traditionally fueled cars, truck
Contact [7]

Answer:

Volatility

Explanation:

Volatility of industrial demand is the uncertainty in demand for product or parts by consumers. Companies need to adequately prepare for these changes in demand by the consumer so as to adequately provide the inventory or product to the customer.

In the given scenario Toyota is manufacturing product for all demands in the market place so as to capture all market shares.

They are producing both traditionally furled cars and the Mirai (a car that uses electricity). By this move they are appealing to both demand for normal fuel cars and those that want to use alternative energy sources

8 0
3 years ago
Dan plans to reduce his work schedule and work only half-time for WJJJ in 2021. He has been writing songs for several years and
Klio2033 [76]

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6 0
3 years ago
Which statement is true about the gross profit method of inventory valuation?
Travka [436]

Answer:

b. It may be used to estimate inventories for interim statements.

Explanation:

As we know that

Gross profit = Sales - the cost of goods sold

By doing the inventory valuation through the gross profit method, it estimated inventories for interim statements as these statements are covering the financial information that is less than a year so that the proper analysis could be made and in this, no auditing is required.  

Therefore, for interim statements, the gross profit method is required.  

 

6 0
3 years ago
1. Make the following statement True by filling in the blank from the choices below: Critical infrastructure owners and operator
Nadya [2.5K]

Answer:

The answer is "Develop and implement security and resilience programs for the critical infrastructure under their control, while taking into consideration the public good as well".

Explanation:

In the past, industrial control  systems were generally not connected to IT networks and did not contain complex computing  capabilities; therefore, they could be adequately protected using physical security measures like locks  and fences. However, as OT has become more integrated with IT, such physical measures are becoming  less adequate in securing the underlying critical assets.

8 0
3 years ago
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