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ira [324]
3 years ago
7

One effective way to manage credit card debt is to:

Business
2 answers:
sergey [27]3 years ago
7 0

Answer:

C. replace high-interest credit cards with low-interest options.

Explanation:

A credit card provides a secure and convenient way to pay for goods and services even when they do not have money. The credit card gives the user access to instant credit every time they use it. The user does not incur any charges should they pay the amount due before its due date.

Credit card interest rate charges are among the highest in the industry. If the user is late in their payment, the interest fee and other charges accumulate real quick. Shifting to cards with lower interest is one way of managing credit card debts.

ValentinkaMS [17]3 years ago
7 0

Answer: C; replace high-interest credit cards with low-interest options

Explanation: A pex

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On January​ 1, 2018, Earnest Company purchased equipment and signed a sixminusyear mortgage note for $ 110 comma 000 at 15​%. Th
GarryVolchara [31]

Answer:

D. $ 16 comma 619

Explanation:

Mortgage Installment is compromised of the interest and principal payment. The principal value is calculated by deducting the interest on opening balance of mortgage from installment of the year.

Mortgage Amortization schedule

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January​ 1, 2018                                                                         110,000

January​ 1, 2019   29,066    (110,000x15%) 16500   12,566     97,434

January​ 1, 2020  29,066    (97,434x15%) 14,615     14,451      82,983

January​ 1, 2021   29,066    (82,983x15%) 12,447    16,619      66,364

7 0
4 years ago
The budget for the month of May was for 9,600 units at a direct materials cost of $21 per unit. Direct labor was budgeted at 30
Degger [83]

Answer: a) unfavorable direct labor price (rate) variance of $2,085.

Explanation:

The purpose of calculating variance is to see if a company is being efficient in it's production of goods and services or in it's general affairs. The variance is calculated by subtracting the actual amount that was used to do something from it's budgeted amount.

If the actual amount is higher then the Variance is said to be Unfavourable. The reverse holds true.

Calculating the Direct Labor price (rate) Variance will give us,

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NB - Figures are given for 30 minutes so need to be converted.

Direct Labor Price (rate) Variance = (111,285/9,100 *2 - 115,200/9,600 * 2 ) * 9100/2

= $2,085

Actual Price (rate) variance was higher than Standard Price (rate) variance which led to an Unfavourable balance of $2,085

3 0
3 years ago
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3 years ago
Create a Crow's Foot ERD for each of the following descriptions. (Note: The word many merely means "more than one" in the databa
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Answer:

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4 years ago
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