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nignag [31]
3 years ago
12

Austin and kayla have $35,000 in debt (student loan, credit cards, car loan) but have cut up all of their credit cards and start

ed their debt snowball. austin just got a substantial raise and their household income is now $125,000 ($3,500 more per month, net). should he cash out his 401(k), which has about $25,000, pay off his debt, and start again from square one
Business
1 answer:
Klio2033 [76]3 years ago
6 0

The answer is a definite NO. No one should EVER cash in their 401(k) to pay off debt. You will never be able to recover from the loss of compounding interest if you take out money from your retirement account. This money should be saved for retirement or EXTREME emergencies.

Im this case, Austin should take the amount of his raise and use that to start paying down his debt FASTER.

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Based on the following data, what is the amount of current assets? Accounts payable……………………………………………………….. $62,000 Accounts rece
Vlad1618 [11]

Answer:

The amount of current assets are $252,000

Explanation:

Current assets: The current assets are those assets who are converted into cash within one year. Like - accounts receivable, cash, inventory, prepaid insurance, etc.

The total amount of the current assets are shown below:

= Accounts receivable + Cash + Inventory +  Short-term investments + Prepaid insurance

= $100,000 + $70,000 + $80,000 + $2,000

= $252,000

The other items represent current liabilities, long term liabilities, intangible assets, and the fixed assets so, we do not consider them in the computation part.

4 0
2 years ago
Barry is the branch manager of a large toy store. He has been given the responsibility to communicate with, coach, and motivate
laiz [17]

Answer:

Human skills

Explanation:

As the branch manager Barry requires human skills to perform his roles well. The human skills can also be referred to as interpersonal skills. These are those skills that would present Barry's ability to interact, work or relate effectively with people.

Human skills would enable Barry to make use of human potential in the company and also motivate the supervising managers for better results

6 0
3 years ago
Which team member has the most significant role in a team effort?
MrRissso [65]

Answer:

D. All members are equally important

Explanation:

Edgenuity 2020

6 0
2 years ago
On July 4, Blossom's Restaurant accepts a Visa card for a $150 dinner bill. Visa charges a 2% service fee. Prepare the entry on
Tpy6a [65]

Answer:

The journal entry is shown below.

Explanation:

According to the scenario, the journal entry for the given data are as follows:

Journal entry

Jul.4 Cash A/c Dr    $147

        Card charges A/c Dr.   $3

        To Sales revenue A/c   $150

(Being card transaction is recorded)

Computation:

Cash = $150 - 2% × $150 = $147

Card charges = $150 × 2% = $3

3 0
2 years ago
An individual who thinks technology’s role in the workplace is always good is sometimes called a(n)​
WINSTONCH [101]

Answer: utopian

Explanation:

An utopian is an individual who thinks technology’s role in the workplace is always good. An utopian simply wants everything to be perfect and believes that technology plays a vital role in the organization.

The utopian believes that technology can help speed up efficiency at workplace and increase output.

6 0
3 years ago
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