1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
shepuryov [24]
3 years ago
9

Unnecessary debt, like debt on a credit and store charge cards, can destroy your investment opportunities.

Business
2 answers:
HACTEHA [7]3 years ago
8 0
I can say that the given statement above would be TRUE. What makes this statement true is that, when you have these unnecessary debts, this makes you pay more interest on your debt than you could pay for your investments, thus, ruining your investment opportunities. 
grin007 [14]3 years ago
5 0

Answer: Answer is TRUE

Unnecessary debt can destroy our investment opportunities.

Explanation:

For example : It makes you pay more interest on your mortgage when you have these needless loans than you had to pay it from your savings and thus destroy your investment opportunities.

We should always avoid unnecessary debt. when we pay them without need, our savings get exhausted, so that we are not able to make new investments.

Thus the given statement is True.

You might be interested in
On January 1, 2018, Surreal Manufacturing issued 600 bonds, each with a face value of $1,000, a stated interest rate of 3 percen
Hoochie [10]

Answer:

Period    Bonds        Interest    Cash        Increase in        Bonds payable

             Payable     Expenses   Paid       Bonds payable     at the end

2018     583352      23334.08   18000         5334.08          588686.1

2019     588686.1    23547.44   18000         5547.44          594233.5    

2020    594233.5   23766.48   18000         5766.48          600000

Journal entries

<u>Jan 01 2018</u>

Cash account Dr $583352

Discount on Bonds Payable Dr $16648

Bonds payable Cr $600000

<u>Dec 31 2018</u>

Interest expense Dr $23334.08

Cash account Cr $18000

Discount on bonds Payable Cr $5334.08

<u>Dec 31 2019</u>

Interest expense Dr $23547.44

Cash account Cr $18000

Discount on bonds Payable Cr $5547.44

<u>Dec 31 2020</u>

Interest expense Dr 23766.48

Cash account Cr $18000

Discount on bonds Payable Cr $5766.48

<u>Dec 31 2020</u>

Bonds Payable Dr $600000

Cash account Cr $600000

<u>01.01.2020</u> (Redemption at 101)

Bonds Payable Dr $600000

Loss on redemption of bonds Dr $11766.48

Cash account (600000*101%) Cr $606000

Discount on bonds payable Cr $5766.48

8 0
3 years ago
All of the following items should be considered when setting an export price except A. The tariff rate and value-added tax. B. T
velikii [3]

Answer: C.

Explanation:

Prices of substitutes in foreign markets is not important when setting export prices because it does not involve exporting products, money, etc.

3 0
3 years ago
Kimberly-Clark developed its Avert Virucidal tissues that contained vitamin C derivatives, which were scientifically designed to
kicyunya [14]

Answer:

<em>Explained below !</em>

Explanation:

<em>The major cause for the failure of the product was</em> its absence of a product protocol that directly explains the way through which it will satisfy the customers needs and wants.

The company should have re-checked the product before it was globalized all over, the mistake that was made by the company stood up as a reason of the products failure.

7 0
3 years ago
Laredo manufactures Nuts and Bolts from a joint process (cost = $80,000). Five thousand pounds of Nuts can be sold at split-off
Zigmanuir [339]

Answer:

Cost for Nuts = $80,000 \times 2/5 = $32,000

Cost for bolts = $80,000 \times 3/5 = $48,000

Explanation:

Provided joint cost = $80,000

Total quantity of nuts and bolts at separation

Nuts = 5,000 pounds

Bolts = 10,000 pounds

Weights of cost will be based on value of goods.

Nuts = 5,000 \times $20 = $100,000

Bolts = 10,000 \times $15 = $150,000

Thus, weights will be 10:15 = 2:3

Cost for Nuts = $80,000 \times 2/5 = $32,000

Cost for bolts = $80,000 \times 3/5 = $48,000

4 0
3 years ago
7. You own a portfolio that has $1,750 invested in Stock A and $3,950 invested in Stock B. If the expected returns on these stoc
I am Lyosha [343]

Answer:

12.46%

Explanation:

Data provided:

Amount invested in Stock A = $1,750

Amount invested in stock B = $3,950

Expected rate of return on stock A = 9%

Expected rate of return on stock B = 14%

Thus,

Expected amount of return on stock A

= Amount invested in Stock A × Expected rate of return on stock A

on substituting the respective values, we have

= $1,750 × 0.09 = $157.5

and,

Expected amount of return on stock B

= Amount invested in Stock B × Expected rate of return on stock B

on substituting the respective values, we have

= $3,950 × 0.14 = $553

Therefore, the total expected return from both the stocks = $157.5 + $553

= $710.5

Now,

the total amount invested = $1,750 + $3,950 = $5700

Hence, the expected rate of return on the portfolio

= \frac{\textup{Total expected retun}}{\textup{Total amount invested}}\times100

on substituting the values, we get

= \frac{710.5}}{5700}\times100

the expected rate of return on the portfolio = 12.46%

7 0
3 years ago
Other questions:
  • What are the two basic parts of a management plan?
    11·1 answer
  • A licensed _______________ must display his or her license conspicuously in the principal place of business at all times.
    5·1 answer
  • 4. The Mexican peso has weakened considerably relative to the dollar, and you are trying to decide whether this is a good time t
    8·1 answer
  • Specialization:
    13·1 answer
  • Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can
    7·1 answer
  • Which of the following is an example of comparative advantage​? A. Michael Jordan is an American basketball player. B. The Unite
    12·1 answer
  • On January 1, 2015, VITO Corporation had 110,000 shares of its $5 par value common stock outstanding. On June 1, the corporation
    14·1 answer
  • Jory wants to create a diagram to compare and contrast the qualifications of the three Energy pathways. Which qualifications cou
    12·1 answer
  • What is a retail Growth potential?
    5·1 answer
  • which of the following statements are correct regarding the requirements to meet the economic performance test under the various
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!