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3 years ago

Apply What You’ve Learned - Managing Credit Cards and ConsumerLoans

Business

1 answer:

Kitty [74]3 years ago

4 0

Answer:

1) In general, is it a good idea to make only minimum payments on your credit cards?

No, the small payment requirement is mathematically guaranteed to keep you in debt for many years.

All you have to do is analyze the interest rates charged by the credit card companies and it is really difficult for any investment to match those interest rates.

2) Assuming you have $1,500 in your budget this month with which to pay down your credit cards, how much should you pay on each card?

I would start with the cards that charge the highest interest rates. I would pay the full balance of the department store card and the gasoline card = $600 + $300 = $900

Since I have $600 left, I would then pay the minimum payments for the cards that charge the least interest rates. I would pay $40 to Discover card and $60 to VISA.

The remaining $500 would be used to pay MasterCard 1 card and lower its balance.

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Active listening is a skill that can be practiced and learned. True False

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Answer:

true

Explanation:

You have to concentrate has it requires both physical and mental attention. So that one could be able to absorb verbally given information quickly and accurately.

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Bingel [31]

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2 years ago

A citizen group raised funds to establish an endowment for the Eastville City Library. Under the terms of the trust agreement, t

alisha [4.7K]

Answer:

income statement for the year ended

investment income $48,000

Intergoverment grant 8,000

Net increase in fair value of investemnt 2,000

Total Income 58,000

Expenditure - Subscription (39,500)

Net income 18,500

Balance sheet as at the year end

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cash $8,500

Investment 518,000

Accrued interest receivable 2,000

528,500

Additional to permanent endowments 510,000

Net Income 18,500

528,500

Explanation:

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3 years ago

Decide if the following probability is classical, empirical, or subjective.

wlad13 [49]

Answer:

Classical probability

Explanation:

Classical probability is calculated only when all possible outcomes in the sample space are down and equally likely to occur. It is the probability of known events or events whose resulting probabilities are definitive

For example, students are either left-handed, right-handed or ambidextrous

Subjective probability is a guess on the likelihood an event would occur.

Experimental probability is the probability derived by repeatedly carrying out an experiment and recording the outcomes

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3 years ago