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3 years ago

No more than 10% of your monthly income should go toward credit card payments.. . false. . true.

Business

2 answers:

8_murik_8 [283]3 years ago

5 0

Answer:

True

Explanation:

Generally speaking if you must use more than 10% of your monthly income to pay for your credit card expenses, it means that you are buying too many things on credit. A credit card usually carries a relatively high APR, and the debt tends to pile up especially if you only pay the minimum. So it would be a good idea to try to save some money and try to reduce your credit card balance by paying the largest possible amount and then start to control your spending habits.

evablogger [386]3 years ago

4 0

FALSE. Pay down the credit card, 100%, FIRST because it's probably the most expensive credit you have. Don't put things on the credit card that you won't be able to pay for this month.

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3 years ago

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Answer:

See Explanation section

Explanation:

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3 years ago

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Oliga [24]

Answer:

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4 0

3 years ago

Joe Dumars Company has outstanding 40,000 shares of $5 par common stock which had been issued at $30 per share. Joe Dumars then

satela [25.4K]

Answer:

Transaction 1

Assets - Decrease by $225,000

Cash expended to acquire shares = 5,000 * 45 = $225,000

Liabilities - No effect

Stockholders' equity - Decrease by $225,000

Increase in Treasury shares leads to decrease in the amount stockholders hold.

Paid In Capital - No effect

Retained Earnings - No Effect

Net Income - No Effect

Transaction 2

Assets - Increase by $98,000

Cash increased because of sale of stock = 2,000 * 49 = $98,000

Liabilities - No effect

Stockholders' equity - Increase by $90,000

= 2,000 * 45 = $90,000

Cost method means that when debiting from Treasury account, use original cost.

Paid In Capital - Increase by $8,000

If stock is sold for amount different from what it was bought, it goes into this account. If it is larger than it was bought for then this account increases and vice versa.

Retained Earnings - No Effect

Net Income - No Effect

Transaction 3

Assets - Increase by $20,000

Cash from sale of stock = 500 * 40 = $20,000

Liabilities - No effect

Stockholders' equity - Increase by $22,500

= 500 * 45 = $22,500

Paid In Capital - Decrease by $2,500

If stock is sold for amount different from what it was bought, it goes into this account. If it is smaller than it was bought for then this account decreases and vice versa.

Retained Earnings - No Effect

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4 0

3 years ago

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gayaneshka [121]

Answer:

Option A (Both the adjuster and the student we potential customers because in their own way, they both benefit from the product).

Explanation:

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5 0

3 years ago