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
MissTica
3 years ago
10

Melissa is about to get a $200 per month raise. she wants a new television and some furniture. she has $500 in her savings accou

nt and figures with her raise she will have the cash to make her purchases easily within a few months. she also has $1,000 in available credit remaining on her credit card and is thinking about using it to buy everything now rather than waiting until she has the money. what would you tell melissa?
Business
1 answer:
yKpoI14uk [10]3 years ago
7 0
There are two different options I would give her:

1) You can use your credit card now if you know that within the 30 days of purchasing the T.V. (or how ever many days until interest accrues if sooner) you will have enough money to properly pay your card off so that you aren't charged interest. Once you add interest, the T.V. becomes a much larger expense overtime due to paying the interest. Also, if it's a card that you get cash back for, you can 'make money' essential on your purchase because you'll get cash back.

2) Wait for the raise, what if the raise doesn't happen? What if something unexpected happens and you've used all your funds for a T.V. that isn't a necessity. There are so many reason to wait and pay cash for something. In this situation I probably wouldn't use all of my appropriated emergency funds for a T.V. and save the extra money from the raise. 
You might be interested in
A company faces two kinds of risk. An example of a firm-specific risk is the risk that a competitor might enter its market and t
denis23 [38]

Answer:

true

FALSE

Explanation:

Systemic risk are risk that are inherent in the economy. They cannot be diversified away. They are also known as market risk. examples of this risk include recession, inflation, and high interest rates. Investors should seek compensation for systemic risk. Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

Non systemic risk are risks that can be diversified away. they are also called company specific risk. Examples of this type of risk is a manager engaging in fraudulent activities.

8 0
3 years ago
Create a memo. The memo should include all parts of a memo and these parts should appear in the correct order. In your memo, giv
Hitman42 [59]

To: Stacy Shoe, Allen Sock, Emma Johnson

From: Alina Kincsem (write your name here)

Subject: How to open a word processing document

Date: October 12, 2018

This is to instruct the employees to turn the computer on and open a word processing document. Following steps are to be followed in order to do this:

1. Press your PC's power button and wait until the desktop screen appears.

2. Click on the start screen at the bottom left corner.

3. Go to the search bar and type 'MS Word' and click on its icon when it appears in the search.

4. Now a blank word processing document would open in front of you. You may create any document in it that you wish to.

Good luck with your task.


7 0
3 years ago
Read 2 more answers
Which of the marks of good leadership do you feel is the most important? (Take your time)
Alinara [238K]

Answer: I would say communication and honesty

Explanation: I pick these to bc if you want something done you have to ask ppl around you if you don't know and being honest is trustworthy jus don't lie all the time ya feel. this is my reasons

7 0
3 years ago
Over dinner, Ross complained about how prices have increased a great deal over the past year. Brenda disagrees, saying that the
Xelga [282]

Answer:

CPI  

Explanation: CPI measures the average changes in prices overtimes that consumers pay for a basket of goods and services commonly known as inflation. It attempts to qualify the aggregate price level in an economy and thus measure the purchasing power of the country's unit of currency. The weighted average of the prices of goods and services that approximates an individual's consumption pattern is used to calculate the CPI.  

CPI is used as an economic indicator.  

It is more used to measure inflation.

CPI covers professionals, self-employed, poor, unemployed and retired person  

Two care reported each time CPI-W and CPI-U

4 0
2 years ago
An aging of Bicycle Company's accounts receivable indicates that $20,000 is estimated to be uncollectible. If Allowance for Doub
V125BC [204]

Answer:

The adjustment to record bad debts for the period will be:

Debit Bad debt expense ($20,000 - $3,000)                    $17,000

Credit Allowance for doubtful accounts                            $17,000

<em>(Bad debt expense required)</em>

Explanation:

Bicylce Company adopts the aging of accounts receivable method. The aging of accounts receivable is a criterion for apportioning the balance in the accounts receivable into different buckets (aging), for example: Not due, 1 - 30 days, 30 - 60 days, over 60 days, based on historical information and assigning a credit loss percentage to each bucket.

Since the Allowance for Doubtful Accounts has a $3,000 credit, to calculate the required bad debt expense, we need to back out this amount from the amount that is deemed uncollectible, that is $20,000 - $3,000 = $17,000.

4 0
3 years ago
Other questions:
  • What satellite television channel focuses on the interests of rural america
    11·1 answer
  • If the actual terms of trade are 1 belt for 1.5 swords and 70 belts are traded, how many belts will Morocco gain compared to the
    13·1 answer
  • A project with an initial investment of $449,300 will generate equal annual cash flows over its 10-year life. The project has a
    10·1 answer
  • Planning to finance higher education helps people prepare for their financial future because it teaches them about
    10·2 answers
  • What is the real and perceived value of an item you recently purchased
    7·1 answer
  • Give a minimum of three reasons why a cover letter is important
    9·2 answers
  • Which fiscal policy would most likely result in the largest budget deficit
    13·1 answer
  • A trademark is a device that can take almost any form as long as it is capable of identifying and distinguishing specific produc
    11·1 answer
  • If 20,000 units in ending inventory are 75% complete with respect to direct materials and 60% complete as to conversion costs, t
    6·1 answer
  • In which tab can you find features like New Slide, Slide Layout, and Reset Slide?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!