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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.

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Young Company budgets sales of $112,900,000, fixed costs of $25,000,000, and variable costs of $66,611,000. What is the contribu
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Answer:

a. The contribution margin ratio will be 41%

b. The income from operations will be $12,420,000.

Explanation:

a. The sales are given at $112,900,000.

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The variable costs are $66,611,000.

The contribution margin will be

=Sales-variable costs

=$(112,900,000-66,611,000)

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The contribution margin ratio will be

=(Contribution margin/sales)*100

=($46,289,000/ $112,900,000)*100

=41%

b. Now, if the contribution margin ratio is 40%.

The sales are given at $34,800,000.

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=$12,420,000

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