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
stepladder [879]
3 years ago
15

Jim is a college senior with $50,000 in student loans. he earned $2,000 last year. he has no savings so he charged a $5,000 vaca

tion on his credit card. how would you characterize jim's use of credit?
Business
1 answer:
laiz [17]3 years ago
5 0
<span>It is irresponsible use of credit because his current income is too low. Hope I helped!</span>
You might be interested in
Why does the market portfolio include all risky assets?
Bezzdna [24]
Under the CAPM, all investors hold the market portfolio because it is the optimal risky portfolio. Because it produces the highest attainable return for any given risk level, all rational investors will seek to be on the straight line tangent to the efficient set at the steepest point, which is the market portfolio. Branliest would be nice (:
6 0
2 years ago
The market segmentation process:a. creates products for several markets that have independent needs. b. offers one version of th
aleksley [76]

Answer:

The correct answer is the option E: divides a market into distinct groups that have heterogeneous needs.

Explanation:

To begin with, the concept known as <em>''segmentation''</em>, in the field of marketing and in the business world, comprehends the process of dividing a market into different groups that have similar needs inside those groups but heterogenous needs among the groups and therefore the process focus in letting the company knows who its target audience actually is and so it can focus only in producing a good that will satisfy that group entirely. Moreover, there are different types of segmentation, such as demographic, geographic, etc.

3 0
3 years ago
Read 2 more answers
Why scarcity and choice are basic economic problems faced by every Society??
Ksju [112]
The basic economic problem is that of scarcity and choice. This is because people have infinite wants in the face of limited resources, therefore decisions have to be made. The basic economic problem ensures that every society has to decide what to produce, how best to produce it, and for whom to produce it.
3 0
3 years ago
you are saving $30 each month. you have a goal to accumulate $700 in savings. how long will it take you?
vredina [299]
<span>Goal = accumulate $700 in savings
</span><span>Saving = $30 a month
</span><span> To solve: Take the goal savings amount of $700 and divide the amount that is going into the savings monthly, $30 by it.
</span><span>$700/$30 = 23.33 months
</span><span>If sticking to a full month goal, it would take 24 months for the savings to be at $700. </span>
5 0
3 years ago
Read 2 more answers
You are given the following data concerning​ Freedonia, a legendary​ country: Consumption​ Function: C​ = ​+ Y ​Investment: I​ =
Grace [21]

Answer and Explanation:

Given that

Consumption function C = 200 + 0.9Y

Investment I = 300

Aggregate expenditure  AE = C + I

Equilibrium AE = Y

Based on the above information

a. The level of equibrium income is

Y = AE = C + I

Y = 200 + 0.9Y + 300

0.1Y = 500

Y = 5000

b. The value of the investment multiplier is

= 1 ÷ (1 - MPC)

= 1 ÷ (1 - 0.9)

= 10

c. The change in the level of equilibrium income if investment increases by 10 is

Y = 200 + 0.9Y + 310

0.1Y = 510

Y = 5100

Change is

= 5,100 - 5,000

= 100

6 0
3 years ago
Other questions:
  • At the end of last year, the company's assets totaled $877,000 and its liabilities totaled $748,500. During the current year, th
    11·1 answer
  • Which standard specifies requirements for the selection, care, and maintenance of open-circuit scba and combination scba/sar use
    10·1 answer
  • Ivanhoe provides environmentally friendly lawn services for homeowners. Its operating costs are as follows. Depreciation $1,500
    8·1 answer
  • Which of the following is a difference between reactors and analyzers?
    5·1 answer
  • Match each situation below to two applicable reasons that require an adjustment to be made.
    15·1 answer
  • Which of the following executive roles is responsible for overall priority setting, project selection and prioritization, genera
    9·1 answer
  • Sharp Screen Films, Inc., is developing its annual financial statements at December 31, current year. The statements are complet
    13·1 answer
  • Which of the following is NOT one of the main motivations and characteristics of an entrepreneur?
    12·1 answer
  • Prepare a one page memo for your boss briefly summarizing how you concluded the meeting. More importantly, recommend to your bos
    6·1 answer
  • A convenience store buys 1-gallon jugs of milk for $2.99 and sells them for $4.29. What is the margin they earn on the milk?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!