When one keeps paying only the minimum amount, they will find getting out of debt harder because:
- More interest will accrue on the balance left
When a person pays the minimum balance that they are supposed to pay on a loan, they will be leaving a larger portion of money to be paid back.
This amount will accumulate interest such that the debt will keep increasing because the interest needs to be paid back as well.
In order to get out of debt faster, it is recommended that you pay higher than the minimum because this would reduce the amount that interest is charged on which means that you would owe less interest.
In conclusion, paying the minimum balance leads to more interest accumulating which makes getting out of debt difficult.
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Answer:Electronic data interchange (EDI)
Explanation:
Because manual operation in business tend to cause sluggish processing of documents, Electronic data interchange (EDI) is adopted which is the use of standard electronic format to replaces paper-based documents like purchase orders or invoices, postal mail, fax so that business operations and recordings can flow straight through to the appropriate application.
Using a standard format like ANSI, EDIFACT etc for EDI documents is necessary so that computers in use understands each piece of information is and in what format it should document so as to pass relevant information to a receiver.
Because the exchange of EDI documents is typically between business partners, Electronic Data Interchange is important because it helps to eliminates manual data entry errors
,Streamline transaction processing leading to Increases productivity because it easier and more cost-effective since business do not require more staff.
Metro by T-Mobile is a prepaid wireless carrier brand owned by T-Mobile US. It previously operated the fifth largest mobile telecommunications network in the United States using code division multiple access.
Answer:
D
Explanation:
Current assets are considered short-term assets because they generally are convertible to cash within a firm's fiscal year, and are the resources that a company needs to run its day-to-day operations and pay its current expenses. ...
