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
Sonbull [250]
2 years ago
15

Why is it difficult to pay off debt and how can debt payments work against consumers?

Business
1 answer:
zhuklara [117]2 years ago
8 0
Debt is hard because people like to put it off, and that putting it off has a cost called interest, eventually, something wil hit the consumer that will knock them oout and prevent them from making payments on time deepeenging them further into debt, then this repreats for along time
You might be interested in
The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 10,319 Accounts
garri49 [273]

Answer:

49 days

Explanation:

Account receivable turnover ratio = Net credit sales / Accounts receivable

Account receivable turnover ratio = $602,000 / $79,922

Account receivable turnover ratio = 7.53

Average collection period = 365/7.53

Average collection period = 48.47277556440903

Average collection period = 49

Thus, firm’s sales uncollected for year is 49 days.

8 0
3 years ago
Standard costs are used in companies for a variety of reasons. Which of the following is not one of the benefits of using standa
uranmaximum [27]

Answer:

c. used to indicate where changes in technology and machinery need to be made

Explanation:

Standard Costs are established through past experiences and hence they can be used to control costs, and plan production schedules.

Changes in technology and machinery need to be made is part of perfomance management with a future outlook.

7 0
2 years ago
Read 2 more answers
Bill is considering investing $450 at the end of every month in a fixed income instrument. He will receive $27,000 at the end of
Nikitich [7]

Answer:

11.61%

Explanation:

First, find the annual percentage return (APR) of this annuity. Using a financial calculator, input the following;

Recurring payment; PMT = -450

Future value ; FV = 27,000

Duration of investment ; N = 4*12 = 48 months

One -time present value; PV = 0

then compute interest rate; CPT I /Y= 0.92% (this is monthly rate)

APR = 0.92*12 = 11.035%

Effective Annual Rate (EAR) formula is as follows;

EAR = (1+\frac{APR}{m} ) ^m  -1

EAR = 1+\frac{0.11035}{12} )^12 -1

EAR = 1.1161 -1

EAR = 0.1161 or 11.61%

8 0
3 years ago
Koontz Company uses the perpetual inventory method. On January 1, Year 1, the company’s first day of operations, Koontz purchase
Artist 52 [7]

Answer:

$ 8,970

Explanation:

8 0
2 years ago
Which form of investment has the most amount of risk involved?
Salsk061 [2.6K]
Is this supposed to be a multiple choice question?  It is way fun to think about projects other people might be up to which carry outrageously high risk!

Restaurants are a common example -- there's a little bit of magic in whether a new restaurant will catch on and become popular.

Farming is pretty risky.  You can do everything right and have a hail storm come and ruin the crops.  That's why there are government programs and commodity markets that help farmers mitigate their risk -- because the rest of us who need to eat really need for people to be willing to farm!
8 0
3 years ago
Read 2 more answers
Other questions:
  • Worker Corporation allocates its single support department to its operating departments based on the single rate method using ma
    15·1 answer
  • Identify the major task that must be mastered in early adulthood, according to levinson.
    5·1 answer
  • A demand curve for the steel porcupines' concert tickets would show the:
    14·1 answer
  • Sarah's Machinery Company is deciding to dump its current technology A for a new technology B with smaller fixed costs but bigge
    12·1 answer
  • What are some of the pathways in the Agriculture, Food, and Natural Resources career cluster? Check all that apply.
    11·2 answers
  • What are​ price, output,​ profits, marginal​ revenues, and deadweight loss if the monopolist can price​ discriminate? ​(round al
    5·1 answer
  • A company with a functional organization structure has more difficulty doing which of the following? Focusing on the goods, mana
    15·1 answer
  • Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $48,400.
    10·1 answer
  • Paid $1,300 towards principal of the notes payable<br> What is the credit and debit for this?
    5·1 answer
  • True or False: If Kevin's Fire Engines were a competitive firm instead and $160,000 were the market price for an engine, decreas
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!