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Taya2010 [7]
3 years ago
15

Why is understanding debt important?

Business
1 answer:
VikaD [51]3 years ago
7 0

Answer:

Understanding debt is critical to both financial literacy and financial security.

Explanation:

While most people have some debt, typically the importance of that debt is in direct proportion to the amount of debt they have. While some debt, such as a mortgage, business or automobile loan, can show stability and maturity, having more debt than you can pay can affect your health, relationships and your employment.

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As the full-time bookkeeper, your job is to make any corrections to the general ledger accounts. Each correction needs the reaso
igomit [66]

Answer: See explanation

Explanation:

Based on the information given, we are informed that the co-worker has recorded a cash receipt twice and wants the full time bookkeeper to record a correcting entry that will reverse the mistakes.

Before making a decision about the correcting entry, it is necessary to check the entry and cross check the balances for sales and cash. One has to also check the receipts and every other necessary details in order to make sure that the transaction is genuine and not fraudulent.

After the through check, if the person is sure and confident that everything is okay, then the correcting entry can be made.

3 0
2 years ago
Samantha and Bethany are purchasing their first home and reviewing the terms of a 15-year mortgage with their lender, Jim, at Fi
Alona [7]

Jim is doing what is<u> legally </u>right by providing this information to Samantha and Bethany.

<h3><u>The Truth in Lending Act (TILA): What Is It?</u></h3>

A federal statute known as the Truth in Lending Act (TILA) was passed in 1968 with the intention of assisting customers in their interactions with creditors and lenders. The Federal Reserve Board implemented the TILA through a number of regulations. The act's disclosure requirements for information like the annual percentage rate (APR), the length of the loan, and the overall costs to the borrower are some of its most significant features. The borrower must be made aware of this information clearly on all documents before signing them, including occasionally on periodic billing statements.

Learn more about The Truth in Lending Act (TILA) with the help of the given link:

brainly.com/question/7696024?referrer=searchResults

#SPJ4

4 0
2 years ago
A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 15 loans per da
anyanavicka [17]

Answer:

a) 46.7, 80 b) 20, 60   c) yes

Explanation:

a) % utilization= utilization/design capacity × 100

                       = 7/15 × 100

                       = 46.7%

   % efficiency= efficiency/design capacity × 100

                              = 12/15 × 100

                                  =80%

b) Utilization= 2/10 × 100 = 20%

 Efficiency= 6/10 × 100= 60%

c) A system with higher efficiency ratios will always have higher utilization as these systems will have lesses number of failures

6 0
3 years ago
What do you know about the company/organization you wish to work for?
Masja [62]

Explanation:

Financial health of the company.

Company's brand value.

Work culture and environment.

wages and salary ofc

4 0
2 years ago
I need help with 9 and 10 please ​
sweet-ann [11.9K]

9. D) 73.50

8.4%*$875

Move the decimal place to multiply by a percent:

.084*875= $73.50

10. D) $15,917

(100 shares * $44.41/per share)+ (600 shares *$19.08 per share) + (.04* [600+100])

($4,441) + ($11,448)+ ($28)= $15.917

3 0
3 years ago
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