Typically there is a correlation as time passes, interest rates go up. That is great for investments but not so good for debt.
Answer: Laggards
Explanation: In simple words, laggards refers to the individuals that does slow progress and takes time to accept new ideas and changes and usually fall behind others regarding accepting something new.
In the given case, Tom was reluctant to use smartphones at first but when he was left with no option he finally decided to opt them. Hence we can conclude that Tom is a laggard.
Answer:
A. Jordan takes out a loan to start a new business.
Explanation:
A good economy is one in which individuals and businesses are thriving in general sales and profit, lower rates of unemployment, low poverty rate and higher Gross Domestic Products (GDP).
Jordan taking out a loan to start a new business is a pointer to the fact that, there is an enabling environment for business with low interest rate.
Answer:
$42,700 cash is available for distribution
Explanation:
In order to calculate the cash available for sharing, we will first identify the debit and credit transactions. Debit transactions are expenditures, while credit transactions are incomes, hence we need to calculate the difference between the income and the expenditure.
Available cash = Everett (credit) - Miguel (debit) + Ramona (credit)
Available cash = 52,800 - 47,500 + 37,400 = $42,700
Therefore $42,700 is available in cash for distribution to the partners