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Nata [24]
3 years ago
11

Which of the following is not a step in creating a debt payment plan? a. Rank all debts in the order in which you would like to

pay them off. b. Consolidate all credit cards onto a single card with a single interest rate. c. Determine how much extra money you have each month that you can dedicate to debt payment. d. Focus on paying off a single credit card at a time while paying the minimum balances on all other credit card accounts. Please select the best answer from the choices provided. A B C D
Business
1 answer:
7nadin3 [17]3 years ago
7 0

Answer:

b. Consolidate all credit cards onto a single card with a single interest rate.

Explanation:

When a debt payment plan is initiated then, it is decided according to the outstanding amounts, that which shall be paid first and the order of payment for remaining debts.

For this monthly income and expenses are to be evaluated, in order to decide how much payment shall be made accordingly, in each month.

But this entire process do not involve the step of aggregating all the cards so that there is only one card with the same payment. There is no relation to any such payment.

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Cash sale of merchandise inventory. 2. Sale of delivery truck at book value. 3. Sale of Xanthe common stock for cash. 4. Issuanc
yawa3891 [41]

Answer and Explanation:

As per the data given in the question,

3 of the above items will appear as a cash inflow from investing activities.

These are as follows :

1. Collection of loan receivable.

2. Cash sale of delivery truck at book value.

3. Sale of a security held as an available-for-sale investment.

Any gain or loss on sale of long term asset is an operating activity although any purchase or sale of a long term asset is come under the investing activities.

Loan receivable is an asset too therefore, it will be shown under investing activities.

4 0
3 years ago
Which statement is true?
gulaghasi [49]

the statement that is true is c

7 0
3 years ago
Read 2 more answers
Tyche Inc., an electronics manufacturer, wants to assess future revenues and profit streams from each of its customers. It is fo
Agata [3.3K]

Answer:

These are the options for the question

A. Customer Profitability Estimation

B. Consumer Worth Evaluation

C. Customer Lifetime Value

D. breakeven point

E. cost per order

And this is the correct answer:

C. Customer Lifetime Value

Explanation:

Customer Lifetime Value is the assessment of the value that a particular customer will add, or give to a company, during his or her lifetime.

Tyche Inc. is focusing on customer lifetime value because its business strategy consists in catering to loyal customers who are likely to spend money on the company during an important percentage of their lifetimes.

4 0
2 years ago
All of the following statements are true, except:a. A firm can make money from inflation by paying bills and wages as late as po
Lesechka [4]

Answer:

The incorrect statement is letter "B": If a firm is currently holding a lot of assets in cash, it would benefit from inflation.

Explanation:

Inflation is the economic phenomenon that takes place in the market as a result of a rise in the overall prices. One of the direct causes of inflation is a surplus in demand since it provokes firms to increase the price of the goods or services they offer in an attempt to decrease demand levels but, in given scenarios, the demand continues increasing.

Among the effects of inflation, <em>we can identify the decrease of individuals' and organizations' buying power. The value of money decreases making it inconvenient to have cash handy for both individuals and companies.</em>

5 0
3 years ago
The first step in creating a budget is to identify your expenses.<br>A.True<br>B. False<br><br>​
BlackZzzverrR [31]

Answer:

true

Explanation:

8 0
3 years ago
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