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
MrMuchimi
3 years ago
6

Why is a long term consequence of paying less than the minimum amount due on your bills

Business
1 answer:
vovangra [49]3 years ago
7 0
They take longer to pay off fully and you will have to pay more interest on the amount.

You might be interested in
Carson County State Bank has a ratio of equity capital to total assets of 2.5%. The FDIC which regulates this bank has determine
Elenna [48]

Answer:

compliance risk

Explanation:

Compliance risk -

It refers to the risky situation , which can be due to some financial forfeiture , legal penalties , loss of material , when the company fails to follow the rules and  regulations , is referred to as compliance risk .

Hence , from the given scenario of the question,

The correct type of risk involved is compliance risk .

6 0
3 years ago
On October 1, Black Company receives a 10% interest-bearing note from Reese Company to settle a $22,200 account receivable. The
lorasvet [3.4K]

Answer:

$555

Explanation:

The computation of the interest revenue is shown below:

= Account receivable  × rate of interest × number of months ÷ (total number of months in a year)

= $22,200 × 10% × (3 months ÷ 12 months)

= $2,220 × (3 months ÷ 12 months)

= $555

The three month is calculated from October 1 to December 31. The six month period of note is ignored

4 0
3 years ago
Knightmare, Inc., will pay a dividend of $6.15, $9.05, and $12.25 per share for each of the next three years, respectively. The
iVinArrow [24]

Answer:

The current stock price is $21.54

Explanation:

The current price of the share of Knightmare Inc is the present value of all future cash flows receivable from owning stake in the company.

The future cash flows in this sense are the dividends payable by the company in years 1,2 and 3 which are $6.15,$9.05 and $12.25 per share respectively.

The discount factor in this case is given as 1/(1+r)^N where  r is the required rate of return of 11.7% and the relevant year of dividend receipt,hence the share price is computed thus:

Year   cash flow discount factor               PV

1            $6.15      1/(1+11.7%)^1=0.89525   $5.5

2             $9.05  1/(1+11.7%)^2=0.80148      $7,25

3            $12.25  1/(1+11.7%)^3=0.71753        $8.79

Total present value                                      $21.54

4 0
3 years ago
Read 2 more answers
Suppose that the market for haircuts in a community is perfectly competitive and that the market is initially in long-run equili
zloy xaker [14]

Answer:

C) earning an economic profit.

Explanation:

Since the market is in long run equilibrium, the demand = the supply of haircuts, and an increase in the quantity demanded will increase the equilibrium price in the short run, generating economic profits at least until more suppliers enter the market and long run equilibrium is established again. Economic profit doesn't exist when the market is at long run equilibrium.

*Economic profit = accounting profit - implicit costs. So economic profit being $0 in the long run doesn't mean the businesses are not making an accounting profit.

5 0
2 years ago
5. All of the following are good ways to assess your interests and skills, except
solmaris [256]
The answer to this is D. Hope this helped :)
5 0
3 years ago
Other questions:
  • Every month Sam Tabor is assigned a different job at Russo & Daughters Financial Consulting. Sam enjoys the task variety and
    9·1 answer
  • Betty is a consultant and operates a sole proprietorship providing advisory services. In July of 2019, Betty traveled from Minne
    12·1 answer
  • Firm X is producing 1000 units, selling them at $15 each. Variable costs are $3 per unit and the firm is making an accounting pr
    10·1 answer
  • Taco Bell and McDonald’s are considering adding kiosks in restaurants for customers to place their orders. This will hopefully m
    15·1 answer
  • 1. The Lounge Company manufactures slippers and sells them at $10 a pair. Variable manufacturing cost is $4.75 a​ pair, and allo
    12·1 answer
  • Partners Ken and Macki each have a $40,000 capital balance and share income and losses in the ratio of 3:2. Cash equals $20,000,
    6·2 answers
  • The transactions of Spade Company appear below.
    11·1 answer
  • When do diminishing marginal returns occur<br><br><br> Please help!!!!!!!
    6·1 answer
  • : Identify your top four work values. Work values are the elements of
    10·1 answer
  • A job applicant identifies preparing contract documents for construction managers as something the applicant considers
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!