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3 years ago

13

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

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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Abey Kuruvilla, of Parkside Plumbing, uses 1,210 of a certain spare part that costs $26 for each order, with an annual holdi

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Answer:

Annual demand(D) = 1,210

Ordering cost(S) = $26

Annual holding cost (H) = $24

With the order quantity(Q) = 25,

Total cost = Holding cost + ordering cost

= [(Q/2)H] + [(D/Q)S]

= [(25/2)24] + [(1210/25)26]

= $300 + $1258.4

= $1558.4

With the order quantity(Q) = 40,

Total cost = Holding cost + ordering cost

= [(Q/2)H] + [(D/Q)S]

= [(40/2)24] + [(1210/40)26]

= $480 + $786.5

= $1266.5

With the order quantity(Q) = 50,

Total cost = Holding cost + ordering cost

= [(Q/2)H] + [(D/Q)S]

= [(50/2)24] + [(1210/50)26]

= $600 + $605

= $1205

With the order quantity(Q) = 60,

Total cost = Holding cost + ordering cost

= [(Q/2)H] + [(D/Q)S]

= [(60/2)24] + [(1210/60)26]

= $720 + $524.33

= $1244.33

With the order quantity(Q) = 100,

Total cost = Holding cost + ordering cost

= [(Q/2)H] + [(D/Q)S]

= [(100/2)24] + [(1210/100)26]

= $1200 + $314.6

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8 0

3 years ago

Mediocre economists often consider only the immediate apparent effects of a change, whereas a good economist will also consider

olga nikolaevna [1]

Answer:

C. The importance of secondary effects

Explanation:

Secondary economic impact is a study of economic activities due to recurring rounds of spending by companies, households, and the government.

Secondary effects are long term and comes after the primary effect (first round of spending).

It is also called induced economic effect.

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3 years ago

On january 1, 2017 hillop, inc. had total assets of $370,000. during the year, the company purchased new machinery worth $8

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<span>asset turnover ratio is the ratio of the value of a company's sales or revenues generated relative to the value of its assets. The Asset Turnover ratio can often be used as an indicator of the efficiency with which a company is deploying its assets in generating revenue. Given that the sales is 60k and the value of the asset is 370k, the ratio is simply the sales / value of assets which is 60/(370-88).</span>

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3 years ago

What is the difference between a shortage and a scarcity?

Nata [24]

Based on economic theory, scarcity is limitation of a resource which cannot be replenished. Shortage is used to indicate a market condition.
When applying this definition to your question, A is your answer.

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4 years ago

On July 1 of last year, total employees at company E was decreased by 10 percent. Without any change in the salaries of the rema

babymother [125]

Answer:

The total of the combined salaries of all the employees at Company E after July 1 last year was 110% of that before July 1 last year.

Explanation:

If we use numbers, as example, we can get that:

Before July 1st Company E' s employes had in average salary of $100.000 (example).

If, after the decreased of employees, average salary was 10% percent more, that means that:

$100.000 x 10%= <u>$10.000 </u>

So, total of combined salaries after decreased was

$100.000+$10.000= $110.000

$110.000 is the 110% of the average salary before decreased because:

<u>$110.000/100.000 = 110%</u>

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3 years ago