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3 years ago

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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Anne Dietz at Changi #3 (Singapore). Anne Dietz lives in Singapore, but is making her first business trip to Sydney, Australi

xxMikexx [17]

Answer:

a. The Singapore dollar to Australian dollar cross rate is (SGD = 1.00 AUD) 1.0278.

b. The number of Australian dollars Anne will get is 1,070.25 Australian dollars.

Explanation:

a. What is the Singapore dollar to Australian dollar cross rate?

Given:

Spot rate (SGD = 1.00 USD) 1.3443

Spot rate (USD = 1.00 AUD) 0.7646

These imply that:

1.3443 SGD = 1.00 USD ..................... (1)

0.7646 USD = 1.00 AUD ................... (2)

From equation (2), we divide through by 0.7646 to have:

0.7646 / 0.7646 USD = 1.00 / 0.7646 AUD

1.00 USD = 1.3079 AUD

Substituting this into equation (1) and solve as follows:

1.3443 SGD = 1.00 USD = 1.3079 AUD

Dropping 1.00 USD, we have:

1.3443 SGD = 1.3079 AUD

Dividing through by 1.3079, we have:

1.3443 / 1.3079 SGD = 1.3079 / 1.3079 AUD

1.0278 SGD = 1.00 AUD

Therefore, the Singapore dollar to Australian dollar cross rate is (SGD = 1.00 AUD) 1.0278.

b. How many Australian dollars will Anne get for her Singapore dollars?

This can be calculated as follows:

Number of Australian dollars Anne will get = Amount of Singapore dollars Anne wishes to exchange for Australian dollars / Singapore dollar to Australian dollar cross rate = 1,100 / 1.0278 = 1,070.24712979179 Australian dollars

Rounding to two decimal places as required, we have:

Number of Australian dollars Anne will get = 1,070.25 Australian dollars

Therefore, the number of Australian dollars Anne will get is 1,070.25 Australian dollars.

8 0

3 years ago

price quantity total cost $10 40 $374 $10 41 $376 $10 42 $360 $10 43 $365 $10 44 $390 $10 45 $400 $10 46 $412 $10 47 $425 refer

MrRa [10]

The firm's MRP when it produces 44 units of output (from top to bottom) MRP, Regulated: 200, 160, 120, 80, 40.

<h3>What is output?</h3>

Output is the quantity of goods or services produced in a given period of time.
For a firm that produces a good, the output may simply be the number of units of that good produced each period.
Months or Years in production.
Input is the process of taking in something.
For example, a company receives inputs when it takes raw materials to make a final product.
Output is the complete opposite as it is the process of sending something.
Service is the productive outcome of marketing channels that consumers value and desire.
By identifying the services to offer for each target buyer segment, marketers can optimize their sales strategy for each key segment.

To learn more about output from the given link :

brainly.com/question/13736104

#SPJ4

6 0

1 year ago

Oxford, Inc., which uses a process-cost accounting system, began operations on January 1 of the current year. The company incurs

Nookie1986 [14]

Answer:

3,000 physical units in the production

Explanation:

Given that,

Oxford started work on 3,000 units during the period

Units were 70% of the way through manufacturing

Therefore,

Physical units in the production = 3,000 units

Equivalently units of production is as follows:

= 70% of Physical units in the production

= 0.7 × 3,000 units

= 2,100 units

Hence, it would be correct to say that the company has 3,000 physical units in the production.

8 0

3 years ago

How much do voice actors get paid per episode?

katovenus [111]

It really depends as to what they do and how long they do it for I would say it ranges person to person

4 0

3 years ago

What is the incidence of a tax?

omeli [17]

The final burden of tax is said to be incidence of tax.

Answer: Option B

<u>Explanation: </u>

The incidence of tax is a monetary term of division of the taxation rate between the purchaser and merchants. It is identified with the value flexibility of the interest and supply. It is a circulation of assessment and commitments, which must be secured by the purchasers and dealers.

For example when the inventory is more than request, the taxation rate falls on the purchaser and when the interest is more than supply, the taxation rate falls on the merchant.

4 0

3 years ago

Read 2 more answers