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
vlabodo [156]
3 years ago
7

You are 22 years old, unmarried, have no children, and a take-home pay of $2,500 per month. You depended on your parents while a

ttending college. You are engaged to be married in 18 months. You have very little credit history, but want to establish a good credit rating so that you may be able to rent/buy a home and qualify for low-cost loans when you buy a new car or appliance. You also want to be able to qualify for credit cards with good reward programs and low fees and interest rate.
Read each statement below and indicate whether it is a good or bad reason for using debt.
Statement Bad reason Good reason
Debt provides the means to purchase big ticket products sooner rather than later.
You have unused credit available on your credit card.
Debt provides financial flexibility and convenience when making payments.
The habit of buying on credit can lead to overspending and overindebtedness.
Debt provides protection against rip-offs and fraud
When is the use of borrowed money for an education justified?
A) When the cost of your education is less than the estimated additional income that the education is expected to provide
B) When the investment is expected to generate additional income that is less than the cost of the education.
C) When the required repayments can be postponed for many years
D) When the cost of the student loan is less than the interest rate on your credit cards.
E) When the education will maintain your current quality of life
Business
1 answer:
Oksi-84 [34.3K]3 years ago
7 0
My guess for this answer is D , Hope this helps
You might be interested in
Calculating the Predetermined Overhead Rate, Applying Overhead to Production, Reconciling Overhead at the End of the Year, Adjus
Usimov [2.4K]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Estimated:

Overhead $160,000

Direct labor hours 80,000

Han uses normal costing and applies overhead based on direct labor hours.

For January, direct labor hours were 8,150.

By the end of the year, Han showed the following actual amounts:

Overhead $166,000

Direct labor hours 79,600

Assume that the unadjusted Cost of Goods Sold for Han was $176,000.

1) Predetermined overhead rate= total estimated overhead for the period/ total amount of allocation base

Predetermined overhead rate=160000/80000= $2 per hour

2) Applied overhead (January)= Predetermined overhead rate*actual hours= 2*8150= $16,300

3) Applied overhead for the year= 2*79600= $159,200

Over/under applied= actual overhead - applied overhead= 166000 - 159200= 6800 underapplied

4) COGS= 176000

Underapplied overhead= 6800

COGS adjusted= $182,800

3 0
3 years ago
According to the law of increasing opportunity cost, as a society _________ more and more of a certain good, further production
Effectus [21]

Answer:

produces  

increases

trade-offs

Explanation:

The law of increasing opportunity cost states that when firms decide to make additional units of a certain product by reallocating resources, they do that at a higher opportunity cost than the previous production. The major traceable reason for this is inefficiency in resource reallocation.

This increase in opportunity cost is associated with increasing and increasing trade-off.

4 0
3 years ago
On July 1, SHady resort borrowed 350,000 cash by signing a 10-year, 8.5 % installment note requiring equal payments each June 30
Nadusha1986 [10]

Answer:

$29,750

Explanation:

Since the Annual Payments of $53,343 are all equal for the period of 10 years at 8.5% installment note, therefore we Simple interest formula here to calculate the interest amount;

I = Prt

P = Principal Amount = $350,000

r = Interest Rate = 8.5%

t = time = 10-year

I = Interest = 350,000 x 0.085 x 10  = 297,500

Hence, the first annual payment of interest expense will be:

= 297,500 / 10 = $29,750

3 0
3 years ago
Which statement is false? A. A monopoly sells lower-quality products at higher prices than in a perfect competition. B. Natural
NeX [460]

Answer:

The correct answer would be option E, Homogeneous products leave consumers with no choice, which means this statement is False.

Explanation:

Homogeneous products leave consumers with no choice is the False statement, because homogeneous products are the products which cannot be differentiated or distinguished from each other. They have almost exact physical characteristics and properties. People cannot differentiate the products of different suppliers.

So homogeneous products have a lot of substitutes, people have a vast choice range for such products. For example if you go for grocery, you can find different apples coming through different suppliers from different countries, and you are clearly not able to differentiate between them, yet you have a vast range of choice to select from the apples you like.

4 0
3 years ago
A bond has a par value of $1,000, a current yield of 6.84 percent, and semiannual coupon payments. The bond is quoted at 100.39.
Usimov [2.4K]

Answer: $34.33

Explanation:

From the question, we are informed that bond has a par value of $1,000, a current yield of 6.84 percent, and semiannual coupon payments and that the bond is quoted at 100.39.

Thee amount of each coupon payment goes thus:

We have to calculate the bond price which will be:

= $1000 × 100.39%

= $1000 × 1.39

= $1003.9

It should be noted that the current yield is calculated as the annual coupon amount divided by the bond price. This will be:

6.84% = annual coupon amount ÷ $1003.9

Annual coupon amount = $1003.9 × 6.84%

= $1003.9 × 0.0684

= $68.67

Each coupon amount will now be:

= $68.67/2

= $34.33

6 0
3 years ago
Other questions:
  • Why is it important to control the supply chain? Multiple Choice Control of the supply chain influences the work processes and l
    6·1 answer
  • If there is a federal budget surplus, then government revenues are greater than its expenditures.
    14·1 answer
  • If you believe in the ________ form of the EMH, you believe that stock prices reflect all relevant information, including histor
    15·1 answer
  • The tax concept and economic concept of income are in agreement on which of the following:
    9·1 answer
  • Someone who provides you with recommendations related to your money and investments would be called a...
    14·1 answer
  • Dale, a design engineer at a machinery manufacturing company, prepares a plan with a detailed estimate of the overheads and reso
    10·1 answer
  • Company G takes advantage of the Internet and flexible manufacturing to create products that vary depending on the market it is
    8·1 answer
  • Lawrence recently bought a brand new Bentley Mulsanne, a very expensive car, but he is suffering from buyer's remorse. He wishes
    13·1 answer
  • Sheffield Corporation exchanged 2750 shares of Pharoah Company common stock, which Sheffield was holding as an investment, for e
    6·1 answer
  • Which method for calculating a credit card balance does not take into
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!