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taurus [48]
2 years ago
8

A general rule of thumb is to keep your credit utilization rate at 30% or lower. What is your approximate credit utilization rat

e for this current billing cycle?
Business
1 answer:
igor_vitrenko [27]2 years ago
5 0

Answer:

30%

Explanation:

Credit utilization can be regarded as the percentage of the total credit that individual is utilizing. It's financially advisable to keep the credit utilization ratio in order to have a good credit score.

To calculate credit utilization rate;

✓ one need to know the information about one credit account.

/✓Then divide the total balance by the total credit limit

✓then multiply by 100

For instance if the total balance is $5000 and total credit limit is $25000 then the credit utilization ratio is ($5000/$25000)×100%

= 20%

Whenever the credit utilization ratio is

higher than 30% it will bring about the decrease of credit score, as a result of this , the lender can be worried because he/she may think the ratio is overextended, and paying back new debt might not be easy.

Therefore, with general rule of thumb is to keep your credit utilization rate at 30% or lower. your approximate credit utilization rate for this current billing cycle is 30%

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The time value of money reflects the fact that: a.a covenant requires the borrower to agree not to borrow any additional funds u
TEA [102]

Answer:

The answer to this question is c.it is best to have money today, so it can be put to work sooner to make even more money.

Explanation:

The time value for money is the concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity. This core principle of finance holds that provided money can earn interest, any amount of money is worth more the sooner it is received.

It emphasis on the fact that  a dollar received today is worth more than a dollar received in the future because of some changes that may have occurred.

From the above explanation we can conclude that the answer is c.it is best to have money today, so it can be put to work sooner to make even more money.

8 0
2 years ago
Suppose a new recreational neighborhood park would cost​ $20,000, including opportunity​ costs, to construct and maintain. if​ b
oksian1 [2.3K]

The decision to build the park or not would be based solely on the cost – benefit relationship of this project. Since there is no other factor considered in this problem, you only need to see if the benefit of constructing the park would exceed its cost. In this problem, the cost to construct the park is $20,000 while the marginal benefit would be $24,000 ($8,000 x 3 families that can benefit from this project). Therefore, you can say that the benefit has exceeded its cost. As a conclusion, the neighborhood park should be built because it benefits the families living in that area more than its cost.

8 0
2 years ago
An investor wants to save money over a long period of time. This investor does not need to have easy access to the money and is
Mariana [72]

If an investor wants to save money over a long period without easy access to the money and knowing the interest rate will not change, they need <u>A. Bonds</u>.

<h3>What are bonds?</h3>

Bonds are securities that guarantee the return of capital and periodic interests on a long-term basis.

Types of Bonds include:

  • U.S. Treasury Bonds
  • Corporate Bonds
  • Municipal Bonds.

Thus, if an investor wants to save money over a long period without easy access to the money and knowing the interest rate will not change, they need <u>A. Bonds</u>.

Learn more about long-term investments at brainly.com/question/17050326

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6 0
2 years ago
Where is the most common workplace for people in the finance cluster?
Reika [66]
I would assume inside of an office building with cubicles.
8 0
2 years ago
Read 2 more answers
At the beginning of year 2, a government entity had a $500,000 judgment outstanding. The government entity paid $400,000 of the
viktelen [127]

The amount that the government entity report should report as a liability for the judgment in its year 2 governmental fund financial statements is $25000.

<h3>What is liability?</h3>

"At the beginning of year 2, a government entity had a $500,000 judgment outstanding. The government entity paid $400,000 of the judgment during year 2. The remaining balance of the judgment includes $25,000 payable early in year 3 and $75,000 payable at the end of year 4. What amount should the government entity report as a liability for the judgment in its year2 governmental fund financial statements?

A) $500,000 B) $100,000 C) $75,000 D) $25,000

It should be noted that liability simply means the future sacrifices of economic benefit that an entity is obliged to make.

Here, the amount that the government entity report should report as a liability for the judgment in its year 2 governmental fund financial statements is $25000.

Learn more about liability on:

brainly.com/question/25012970

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8 0
1 year ago
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