1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stealth61 [152]
3 years ago
5

Fill in both blanks with the correct terms: A _________ percentage of young people have debt than older generations, while their

debt amounts tend to be ________.
Smaller, higher


Larger, higher


Larger, lower


Smaller, lower
Business
2 answers:
Vinil7 [7]3 years ago
7 0

Answer:

The correct answer is letter "C": Larger, lower.

Explanation:

According to different researches carried out across the U.S., young adults who are between 18 and 29 years old have a total debt to $1.05 trillion. Individuals' debt who are older than 70 is $1 trillion. The average debt amount that young adults (18-29) have is $22,000 while elder people from 50 years old and on is $36,000.

Then, <em>young adults have larger accumulated debt than elders and their debt amounts are lower as well.</em>

AURORKA [14]3 years ago
3 0

Answer:

Explanation:larger and lower..

You might be interested in
Identify the detective control below.
Darina [25.2K]

Answer:

Reconciling the bank statement to the cash control account.

Explanation:

The reason is that the detective approach is the one which helps in identification of the errors in recording the facts and figure in a control system is the detective control. In this case, bank reconciliation helps in accessing the errors and entries that are not recorded in the books of accounts hence it is a detective control.

7 0
3 years ago
Company X sells their products exclusively to companies in the Y market. In estimating demand from their business customers, Com
skelet666 [1.2K]

Answer:

derived demand

Explanation:

Company X sells their products exclusively to companies in the Y market. In estimating demand from their business customers, Company X must understand that this demand is actually <u>derived demand</u>, which means that the demand for industrial products and services is driven by demand for consumer products and services.

8 0
3 years ago
On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $14,500. Jarden prepares a sche
uysha [10]

Answer:

The correct answer is $42,724.8.

Explanation:

According to the scenario, the computation of the given data are as follows:

Uncollectable Amt. = Receivable Amt × Uncollectable Percentage

Time         Receivable amt.     Uncollectable %  Uncollectable  Amt.

Not yet due         $860,000                1.25%                    $10,750

1 - 30 days      $344,000                2.00%                    $6,880

31 - 60 days      $68,800                6.50%                    $4,472

61 - 90 days      $34,400                32.75%                    $11,266

Over 90 days      $13,760                68.00%                    $9,356.8

Total                                                                             $42,724.8

So, Required balance of the allowance for doubtful accounts at Dec.31 is $42,724.8

7 0
3 years ago
Kennedy Inc. has the following data for its operation in August: Increase in direct materials inventory 100 Sets Direct material
vesna_86 [32]

Answer:

Actual price= $1.6 per unit

Actual price= $3.2 per set

Explanation:

<u>To calculate the actual price, we need to use the following formula:</u>

Direct material price variance= (standard price - actual price)*actual quantity

400= (1.8 - actual price)*2,000

400= 3,600 - 2,000actual price

2,000actual price = 3,200

actual price= $1.6 per unit

8 0
3 years ago
A fixed asset with a cost of $52,025 and accumulated depreciation of $44,221 is traded for a similar asset priced at $55,501. As
kkurt [141]

Answer:

$2,140

Explanation:

When a commercial substance exists in the course of the exchange of an old asset for a new one , the gain or loss on this assets is recognized,

Commercial substance can be said to exist when the exchange assets impact the future cash flow. The extended useful life of the involved assets in the question the  the newly acquired asset through exchange support this.

<u>Workings</u>

Cost of the fixed assets = 52,025

Accumulated depreciation = 44,221

Book value = 7,804

Trade in allowance = 5,664

loss = 7,804 - 5664 = 2,140

6 0
3 years ago
Other questions:
  • A project produces annual net income of $18,200, $21,800, and $22,900 over its three-year life, respectively. the initial cost i
    6·1 answer
  • Venture capital (VC) firms are pools of private capital that typically invest in small, fast-growing companies that can't raise
    15·1 answer
  • The company's total assets are $40,000. The following is a listing of the company’s accounts and account balances as of December
    14·1 answer
  • What is one way a company can work to build relationships with it's customers?
    11·1 answer
  • List three examples of coverage provided by employers for employees.
    7·2 answers
  • Thornton Universal Sales' cost of goods sold (COGS) average $2,000,000 per month, and it keeps inventory equal to 50% of its mon
    7·1 answer
  • Susan is hired as salesperson in a jewelry store. Being new to this industry, she does not possess a great deal of knowledge abo
    7·1 answer
  • Suppose VS's stock price is currently $20. A six-month call option on VS's stock with an exercise price of $15 has a value of $7
    8·1 answer
  • The corporate charter of Maine Yacht Corporation allows the issuance of a maximum of 3,000,000 shares of $1 par value common sto
    7·1 answer
  • If an agency's qualifying new business premium is ____ than the set minimum in a given month or quarter in the prior year, that
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!