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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
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The accompanying list describes the responses of four individuals to a bureau of labor statistics (bls) survey of employment. 1.
kramer
Frictional unemployment is the unemployment that fallouts from period consumed between jobs when an employee is looking for, or moving from one occupation to another. It is otherwise known as search unemployment and can be grounded on the conditions of the individual. So the answer is letter a, Mollie is the frictionally unemployed since she is looking for a job for 3 months already. She is searching and waiting for a job.
7 0
3 years ago
If price is less than the average variable cost of a representative firm in a competitive industry in short-run:_________
IceJOKER [234]

Answer:

I think the answer is "D"

Explanation:

hope it helps :)

3 0
2 years ago
A dwelling with a replacement cost of $150,000 was insured under a Homeowners 3 policy for $105,000 at the time the roof was des
Mazyrski [523]

Answer: $13125

Explanation:

The amount that the insurer will pay to settle this loss will be calculated thus:

= Insured claim × Insurance value / 80% of replacement value

= 15000 × 105,000 /80% × 150000.

= 15000 × 105,000 / 120000

= 13125

Therefore, the insurer will pay $13125

3 0
3 years ago
On October 10, the stockholders’ equity of Sherman Systems appears as follows. Common stock–$10 par value, 74,000 shares authori
uysha [10]

Answer:

1,                            Journal entries

Date    Account and explanation         Debi$       Credit$

          Treasury stock (5200*27)          140,400

           Cash                                                              140,400

           (To record purchase treasury stock)

            Cash (1,050*33)                           34,650  

            Paid in capital from sale of treasury stock    6,300

            Treasury stock (1,050*27)                               28,350

             (To record sale of treasury stock)  

              Cash (4,150*22)                             91,300

              Paid in capital from sale of            6,300

              treasury stock  

              Retained earnings                         14,450

              Treasury stock (4,150*27)                                112,050

              (To record sale of treasury stock)  

2.  Revised equity section

<u>Contributed capital</u>

Common Stock                             740,000

Paid in capital in excess of           <u>226,000</u>

par value-Common Stock

Total paid in capital                        966,000

Retained earnings                         <u> 880,000</u>

Total                                                1,846,000

Less: Treasury stock                      <u>(140,400)</u>

Total Stockholder's equity            $<u>1,705,600</u>

5 0
2 years ago
An investor whose highest priority is getting the largest gains possible, even if
LiRa [457]

Answer: A. Hedge funds

Explanation:

7 0
3 years ago
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