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strojnjashka [21]
3 years ago
8

Grace makes $2,200 per month. She spends $300 on credit card payments, $120 per month for a furniture purchase, and $450 on an a

uto loan. Does she have excessive debt? yes or no
Business
2 answers:
DedPeter [7]3 years ago
8 0
I believe the answer to this question is No
saw5 [17]3 years ago
7 0
Yes she excessive debt because lets get one thing straight why does she have to pay monthly for furniture!
You might be interested in
All of the following are advantages of having a savings account except
expeople1 [14]

Answer:

Funds held in a savings account are highly liquid

Explanation:

The purpose of a savings account is the assist a customer achieve their saving objectives. A savings account is a secure way of accumulating funds for an intended purpose or keeping money that does not have immediate use.  

Financial institutions that offer savings account limit on withdrawals to help a customer achieve planned saving objective. It means money saved is not accessible at will. Penalties apply should a customer insists on more than the acceptable number of withdrawals.

5 0
3 years ago
The highest value of total cost was $ 710 comma 000 in June for Horchata​ Beverages, Inc. Its lowest value of total cost was $ 5
marta [7]

Answer:

A. $ 450 comma 000

Explanation:

In order to compute the fixed cost per month first we have to determine the variable cost per unit which is shown below.

Variable cost per hour = (High total  cost - low total cost) ÷ (High production volume - low production volume)

= ($710,000 - $550,000) ÷ (13,000 units - 5,000 units )

= $160,000 ÷ 8,000 units

= $20

Now the fixed cost equal to

= High total cost - (High production volume × Variable cost per unit)

= $710,000 - (13,000 units × $20)

= $710,000 - $260,000

= $450,000

We simply applied the above formula

6 0
3 years ago
After the death of her husband, Gina Baker, 35, received a check for $350,000 from a life insurance company. Gina has two small
rosijanka [135]

Answer:

b. safety

Explanation:

"it wants to make sure are taken care of in the future"

This means it prefers a safety investment.

The beta of the investment should be lower to reduce the deviation from the expected market return

The liquidity is not as important right now as the children are young. Once they start highschool or collegue Gina will need to make higer withdrawals. Plus, she want's to look into the future, this also is a clear inshight that Gina do not require liquidity right now

The market risk a global variance Gina cannot reduce the risk inherent to the market.

The business failure would be associate with safety which is a most suitable term.

7 0
3 years ago
How to do a journal entry in accounting​
Dovator [93]

Answer:

You should "Debit" one account in your general ledger and "Credit" another.

Explanation:

Example - you receive an invoice from your vendor for $100,000 (assuming non-VAT transaction). Your journal entry would look the following:

Debit: Expense $100,000  

Credit: Accounts Payable $100,000

8 0
4 years ago
A recipe for pie crust calls for 2/3 cip of water for every 3 cups of flour. If you doubled the recipe, you would need 1 and 1/3
Lera25 [3.4K]

Answer:

the options are missing, so I looked for a similar question (see attached image):

  • option B
  • option D

Explanation:

the equivalent ratios for pie crust and water are:

²/₃ : 3 (normal recipe)

⁴/₃ : 6 (double recipe)

if we equal both ratios:

²/₃ : 3 = ⁴/₃ : 6 we get option B (²/₃ / 3 = ⁴/₃ / 6)

if we reciprocate both sides (we basically flip them), then:

3 : ²/₃ = 6 : ⁴/₃, we get option D (3 / ²/₃ = 6 / ⁴/₃)

5 0
3 years ago
Read 2 more answers
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