All categories

3 years ago

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

2 answers:

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

During the formation of a business, it is decided that an S-Corporation will be used. Of the following choices, which are key co

irina1246 [14]

Answer:

Protected assets:.

Pass-through taxation:

Tax-favorable characterization of income:

Straightforward transfer of ownership:

Cash method of accounting

Heightened Credibility:

Explanation:

The advantage S-Corporation have over all other forms of businesses is as follows:

Protected assets:. An S corporation protects the personal assets of its shareholders.

Pass-through taxation:An S corporation does not pay federal taxes at the corporate level. It is of benefit to businesses starting from inception

Tax-favorable characterization of income:S corporation shareholders can be employees and be paid as employees. They can also receive dividends from the corporation and distributions that are tax-free to the magnitude of their investment in the corporation

Seemless transfer of ownership: Ownership can be freely transferred to people legally

Cash method of accounting: They don't have to use the accrual method of accounting while other Corporations use that(except for small businesses)

Heightened Credibility: It helps to establish a strong credibility with business partners, employees, vendors

7 0

4 years ago

Steve leads the administrative department of Mayo Pvt. Ltd. He encourages people to perform to their maximum potential by provid

Bas_tet [7]

Answer:

The answer is: C) Human capital is more important than financial capital.

Explanation:

Steve emphasizes the value of human resources or human capital. He is convinced that the prime factor in the success of a company is its human capital. The actions he takes empowers his staff by giving them a say in the decision making processes.

8 0

4 years ago

M7-20 to 22 (Supplement 7A) Calculating Cost of Goods Sold and Ending Inventory under Perpetual FIFO, LIFO, and Weighted Average

Burka [1]

Answer:

cost of goods available for sale: $ 5,300

cost of goods sold : $3,500

ending inventory : $7,100

Explanation:

FIFO is an Inventory Management System that Sales the Oldest Stock first followed by the recent stock acquired.

cost of goods available for sale:

January 1 : 350×$4.00 = $1,400

January 8: 650×$6.00 = $3,900

Total $ 5,300

cost of goods sold :

January 9 and January 28 : 350 × $4.00 = $1,400

: 350 × $6.00 = $2,100

Total = $3,500

ending inventory :

January 31 : 300 × $6.00 = $1,800

: 760 × $7.00 = $5,300

Total = $7,100

4 0

3 years ago

(true or false?) the discount rate can best be described as an opportunity cost.

Lena [83]

The answer is "true" hopefully this helped

6 0

4 years ago

Look at the picture, which one is the correct answer?

Nataliya [291]

Answer:

Demand curve

Explanation:

Demand curve shows all prices of quantity demanded

3 0

3 years ago