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
Leona [35]
3 years ago
9

Regardless of which method you choose, why is it important to pay at least the monthly minimum payment on every debt? Your credi

t history is erased and you have a "thin file". Federal and state governments can increase your taxes if you don't make the minimum payment. You will have to pay fees and your credit score will decrease. Your credit score will increase by at least 30 points.
Business
1 answer:
Diano4ka-milaya [45]3 years ago
7 0

Answer:

You will have to pay fees and your credit score will decrease.

Explanation:

If you do not make at lest the minimum payments for all your outstanding debts, the lender will probably charge you late payment fees (which can be very expensive), and your credit score will certainly decrease. This will end up increasing your future credit costs and hurt your ability to access them.

You might be interested in
A. Following are the transactions of a new company called Pose-for-Pics.
stich3 [128]

Answer:

The August 31 trial balance is a debit and credit amount of $16,986

Explanation:

The journal entries for the following transactions is as follows;

  General Journal                          Debit                              Credit

1. Cash                                            $6,500

  Photography equipment            $33,500

  Common stock                                                                 $40,000

2. Prepaid insurance                       $2,100

   Cash                                                                                   $2,100

3. Office supplies                             $880

   Cash                                                                                    $880

4. Cash                                              $3,331

   Photography fees                                                              $3,331

5. Utilities expense                           $675

   Cash                                                                                     $675

August 31 trial balance                     $16,986                         $16,986  

The August 31 trial balance is a debit and credit amount of $16,986

4 0
2 years ago
A company that utilizes carbon fiber 3-D printing wants to have money available two years from now to add new equipment. The com
Alenkinab [10]

Answer:

Total amount available in two years is $1,354,125.

Explanation:

The total amount available in two years can be calculated as follows:

Total amount in the deposit now = Current deposit + Amount planned to be deposited = $650,000 + $200,000 = $850,000

Future value of the total amount the deposit now = Total amount in the deposit now * (1 + Annual interest rate)^Number of years the deposit used = $850,000 + (1 + 15%)^2 = $1,124,125

Future value of next year's deposit = Next year's deposit * (1 + Annual interest rate)^Number of years the deposit used = $200,000 * (1 + 15%)^1 = $230,000

Total amount available in two years = Future value of the total amount the deposit now + Future value of next year's deposit = $1,124,125 + $230,000 = $1,354,125

5 0
3 years ago
What are the three phases in purchasing process
Lerok [7]

Answer:

It is the journey or buying process that consumers go through to become aware of, evaluate, and purchase a new product or service, and it consists of three stages that make up the inbound marketing framework: awareness, consideration, and decision.

5 0
3 years ago
(PLEASE ANSWER FAST!!) (13 POINTS)
suter [353]

Answer:

C. four years

Explanation:

hope this helps

7 0
2 years ago
Read 2 more answers
Which option is best described as a complementary good for computer hard drives?
Nutka1998 [239]

Answer: Computer monitor

Explanation:

A complementary good is a good that's used together with another good. A good example of a complementary good is a car and petrol since they are used together.

A complementary good for computer hard drives would be the computer monitor. The monitor simply looks like a television and it helps in showing the information which is being displayed.

8 0
3 years ago
Other questions:
  • A consulting firm submitted a bid for a large research project. The firm's management initially felt that they had a 50-50 chanc
    7·1 answer
  • Based on the following information from ABC Company's financial analysis, which one of the following statements is NOT true?
    5·1 answer
  • "according to ted levitt, what is the definition of a product? what satisfactions do customers want?"
    15·1 answer
  • What steps can a nation take to achieve economic growth?
    11·2 answers
  • the 2020 income statement of wasmeier corporation showed net income of $480,000 and a loss from discontinued operations of $120,
    14·1 answer
  • Mortgage insurance rates vary with the perceived riskiness of the loan.Which of the following scenarios would result in a higher
    5·1 answer
  • The Place has been consistently ranked as the most popular fast food restaurant in the city thanks to the excellent culinary ski
    7·1 answer
  • Jawwal Research & Development has been going through a rough patch lately. Turnover has been high and employee morale is at
    6·1 answer
  • discuss how a large food retailer , with many shops could effectively communicate corporate objectives to it's workforce ​
    9·1 answer
  • kyle told his marketing team that the company's website needed to be updated because the bounce rate was more than 65%. what is
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!