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nika2105 [10]
3 years ago
14

Which of these credit card payback strategies would result in your paying the HIGHEST amount of interest?

Business
1 answer:
alukav5142 [94]3 years ago
5 0

Answer:

D. Making the minimum payment (3% credit card balance) every month with an occasional late payment

Explanation:

Credit card debts attract a very high-interest rate. By design, the interest on uncleared balances increases rapidly.  Credit cards calculate interest monthly. Any uncleared balance and the interest incurred is rolled over to the next month, where it continues attracting more interest.

The best strategy is to clear credit card debts in the month they are incurred. Late payment attracts heavy penalties. A combination of late payments and outstanding balances will make interest charges grow exponentially.

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Hey there,

Answer:

<span>Lack of business acumen in addition to strategic talents.
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Which is the last step in making a personal budget?
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7 0
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What level of management is responsible for originating capital budgeting proposals?
Bess [88]

It is the work of all level of management.

Companies use capital budgeting to analyze large projects and investments, such as new factories or equipment. The technique involves assessing a project's financial inflows and the  outflows to see whether the expected return is within a certain range. Capital budgeting methodologies include discounted cash flow, payback, and throughput studies.

Accountants provide this information, giving ownership the first tool it requires to start preparing the capital budget. Accounting firms often provide predictions of future earnings and the costs of alternative financing solutions to help management make decisions.

Therefore, the answer is all level of management.

To know more about capital budgeting click here:

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