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garik1379 [7]
3 years ago
5

Mark and Ryan just moved into their first apartment together and they want top buy a flat screen TV for the living room. They bo

th work but between college tuition, books and rent their funds are running low. Mark decides to take advantage of a financing offer from a local electronics store and buys the TV on a line credit. [is this a good or bad debt move and why?]
Business
1 answer:
MArishka [77]3 years ago
8 0

This is a bad financial move for several reasons:

  • He doesn't have the money to pay back the loan now, and will not magically get more money later (even if he gets paid soon he already has more rent and other expenses to pay)
  • If it is a high-interest loan and he makes the minimum payment each month, the interest will continue to grow and it will get harder and harder to pay off
  • A TV that you owe money on is a liability not an asset. Borrowing money to get a car that you use to drive to work and earn money is one thing, but borrowing money to but a TV that will never earn you money is not a wise decision.
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suppose your club is selling candles to raise money. It costs $100 to rent a booth from which to sell the candles.If the candles
Viefleur [7K]

Answer:

Number pf candles is equal to 25

Explanation:

We have given cost of rent = $100

Cost price of one candle = $1

And selling price of one candle = $5

Let the number of candles = x

So total expense =100+x\times 1=100+x

Total earning =5\times x=5x

According to question expense is equal to earning

So 100+x=5x

4x=100

x = 25

So number pf candles is equal to 25

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3 years ago
In the united states about ________ of all jobs are in consumer services.
gregori [183]
<span> 50 percent

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4 0
4 years ago
WHY DO THEY CALL IT GAS WHEN ITS A LIQUID?
Cerrena [4.2K]

Answer:

i don't know if the is correct or not but I'll give it a shot at answering. most vehicles are powered by gasoline (obviously) but we often refer to it as gas although it isn't even a gas. it's a liquid, but humans just like renaming things i guess. anywho gasolines state of matter is NOT a gas but we just shortend it to "gas." (hoped this helped lol)  

5 0
3 years ago
in the long run a company that produces and sells pizzas incurs total costs of $1,050 when output is 90 pizzas and $1,200 when o
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Explanation:

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3 years ago
Year Cash Flow 0 –$ 8,300 1 2,100 2 3,000 3 2,300 4 1,700 What is the payback period for the set of cash flows given above? (Do
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Answer:

3.53 years

Explanation:

The computation of the payback period is shown below:

In year 0 = $8,300

In year 1 = $2,100

In year 2 = $3,000

In year 3 = $2,300

In year 4 = $1,700

If we sum the first 3 year cash inflows than it would be $7,400

Now we subtract the $7,400 from the $8,300 , so the amount is  $900 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

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So, the payback period equal to

= 3 years + $900 ÷ $1,700

= 3.53 years

7 0
3 years ago
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