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jeyben [28]
3 years ago
7

Jake takes out a payday loan of $300. In two weeks, he doesn't have the money to repay it in full. What is one way that Jake can

escape the trapping cycle of repayment?
Business
1 answer:
Law Incorporation [45]3 years ago
6 0

Answer:

Explanation:

A Dept Trap or trapping cycle of repayment is a situation in which a borrower is met with high interest rates on the loan that they have taken, and are stuck in a cycle of borrowing more in order to pay back the initial loan. The only way to actually get out of one is to pay back the owed amount in full and as fast as possible. Therefore the best way would be to get an extra job or side hustle to cover the interest and some of the cost, and pay off the loan as fast as possible.

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A techno entrepreneur
katrin [286]

Answer: A technology entrepreneur is an investment in a project that assembles and deploys.

Explanation: Hope this helps!

4 0
3 years ago
My grandma just died and when my dad told me this he said lol what does it mean?
Burka [1]

Answer:

lots of love?&3&3&3&3&3&3&

5 0
2 years ago
Read 2 more answers
Brand awareness facilitates decision-making and is especially important for which type of consumer goods?
attashe74 [19]
<span>Brand awareness facilitates decision-making and is especially important for which type of consumer goods: public goods. 

Public goods are non-excludable items so there is fair game for anyone and everyone in the market for an item to make this purchase.  Because this items are everywhere, there is normally a decent amount of competing brands with the same product though packaging, quality and quantity can differentiate. Brand awareness helps the consumer know which brand to purchase when there are dozens to choose from. </span>
4 0
3 years ago
Beresford Inc. purchased several investment securities during 2015, its first year of operations. The following information pert
Minchanka [31]

Answer:

$637,000

Explanation:

The computation of the  total investment securities reported is shown below:

= ABC Co. bonds amortization cost for year 2015 + DEF Co fair value for year 2015 + GEH Inc fair value for the year 2015 + IJK Inc fair value for the year 2015 + LMN co stock fair value for the year 2015

= $367,500 + $48,000 + $47,000 + $44,000 + $130,500

= $637,000

We simply applied the above formula

6 0
3 years ago
Current assets are those assets that can be converted into cash within:
alukav5142 [94]

Answer:

B. One year or the operating cycle, whichever is longer.

Explanation:

Current Assets are assets that can be converted into cash within a year or an operating cycle whichever is longer.

Current Assets are presented first on a balance sheet and arranged in order of liquidity.

Examples of current assets are cash ,

cash equivalents , short-term investments, accounts receivable and stock inventory.

I hope my answer helps you

4 0
3 years ago
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