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3 years ago

Credit card refinancing vs debt consolidation

Business

2 answers:

Andrews [41]3 years ago

8 0

Answer:

Explanation:

Credit card refinancing involves moving the balance from one credit card on to another credit card with a lower interest rate to save money. Debt consolidation focuses on combining several sources of debt into one account with a single monthly payment. While both can save money on interest, debt consolidation is more about reducing the number of accounts into a single personal loan.

andre [41]3 years ago

8 0

Credit card refinancing is choosing the best credit card with the lowest rate possible. On the other hand, debt consolidation can involve multiple credit cards or loans.

When you consolidate, you are combining multiple payments into 1 simple monthly payment.

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Blue Corporation has a deficit in accumulated E & P of $300,000 and has current E & P of $225,000. On July 1, Blue distr

Rufina [12.5K]

Answer:

Sam's dividend income is $225,000 and has a reduction of stock basis of $27,500

Explanation:

From the example ,

Given that,

Sam stock is =$52.500

Blue corporation has deficit in accumulated E and P which is =$300,000

Blue corporation has current E and P of = $225,000

Blue distributes $250,000 to its shareholder on July 1st

Therefore,

Blue corporation has a current E & P of $225,000, to an extent, Sam has a taxable dividend. The remaining $25,000 reduces his basis stock.

Sam has an income dividend of $225,000 and reduces his stock basis to $27,500.

6 0

3 years ago

Read 2 more answers

Leaf] Leaf, an employee of the California Department of Forestry, insisted on signing inter-office memoranda with his name and t

dusya [7]

Answer: If it has a secular legal purpose, has a primary effect of neither advancing nor inhibiting religion, and does not foster an excessive government entanglement with religion

Explanation:

The Establishment clause prevent the Congress from having a state religion or honig preference to one religion above another one.

The circumstances that a state law would be permissible under the establishment clause include if it has a secular legal purpose, has a primary effect of neither advancing nor inhibiting religion, and does not foster an excessive government entanglement with religion.

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2 years ago

On May 3, 2017, Leven Corp. negotiated a short-term loan of $685,000. The loan is due October 1, 2017, and carries a 6.86% inter

Semmy [17]

Answer:

704076 $

Explanation:

Exact statement of the question is:

May 3, 2007, Leven Corp. negotiated a short-term loan of $685,000. The loan is due October 1, 2007, and carries a 6.86% interest rate. Use ordinary interest to calculate the interest. What is the total amount Leven would pay on the maturity date? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Solution:

Fro 3rd May to October 1st. 2017 there are 151 days

But 365 days = 1 year

==> 151 days = 151× 1/365 =0.414 years

But we use 1 year as one term

==> 1year = 1T

==> T = 0.414

R= 6.86

P= 685000

A=?

We use formula for the term:

A= P $(1+ \frac{R}{100} )^{T}$

Where A= ammount at the end of term

P= Loan amount

R= Rate of interest

T= No. of terms

Putting values in this formula;

==> A= 685000× $(1+\frac{6.86}{100}) ^{0.414}$

==> A= 685000 × 1.02784938489=704076 $

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3 years ago

1. Give one example of professional behavior in a salon and how a cosmetologist could

lana [24]

Answer:

Appropriate language, a cosmetologist can demonstrate this by always speaking in a tone and at a volume that is appropriate for the setting, and never using foul language no matter what.

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3 years ago

5. What is one benefit of having a career as opposed to a job?

CaHeK987 [17]

Advancement is one benefit of having a career as opposed to a job.
A.advancement

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2 years ago