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Minchanka [31]
3 years ago
15

What will happen to your credit score if you do not manage your debt wisely?

Business
2 answers:
galina1969 [7]3 years ago
6 0

Answer:

it will go down

Explanation:

common sense  

NNADVOKAT [17]3 years ago
5 0

Answer: Your credit score will decrease.

Explanation: High debt to earning ratio, high percentage of revolving credit utilization, late or nonpayment of debt are all things that negatively impact credit scores.

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Which of the following exists when a country can produce something more cheaply and/or of higher quality than any other country
shusha [124]

Answer:

they have the prime market I think? I don't see any options on here to know what direction the question is going.

8 0
2 years ago
Sutter Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. T
Elena L [17]

Answer:

The universal sign for choking is __________.

A.

two balled fists pressing the abdomen

B.

pointing at an open mouth

C.

two hands grasping the neck

D.

pretending to cough

Explanation:

3 0
3 years ago
Briefly describe a customer experience you have personally encountered where you were unsatisfactory when you purchased a good.
sattari [20]

Answer: Faulty Mother board ordered on AliExpress

Explanation:

A while back my Laptop developEd power issues wasn’t turning on, took it down to the technician who told me it had board issues as it wasn’t responsive. And the only solution was me getting a new mother board. Well i ended up ordering the board from Abroad on Aliexpress the board arrived damaged Was bent all efforts to get a refund or a replacement was proving difficult as the seller and AliExpress were hell bent on frustrating me. At the end was refunded but that was like over a month was one hell of an experience.

6 0
3 years ago
Income smoothing refers to: a. the ability of management to use accruals to reduce the volatility of reported earnings over time
svetoff [14.1K]

Answer: The correct answer is "a. the ability of management to use accruals to reduce the volatility of reported earnings over time.".

Explanation: Income smoothing refers to <u>the ability of management to use accruals to reduce the volatility of reported earnings over time.</u>

The smoothing of earnings is a practice that consists in reducing fluctuations in recognized income and, therefore, fluctuations in earnings. That is, the smoothing of earnings implies saving income in bonanza times to recognize them accountingly when income is meager.

6 0
3 years ago
Here are the 2018 and 2019 (incomplete) balance sheets for Newble Oil Corp.BALANCE SHEET AT END OF YEAR(Figures in $ millions)As
otez555 [7]

Answer:

Newble Oil Corp Balance Sheet for 2018:

Current Assets - $319 million

Net Fixed Assets - $1,290 million

Total Assets = $1,609 million

Current Liabilities - $255 million

Long-term Debts - $875 million

Total Liabilities = $1,130 million

a) Equity = Total Assets ($1,609 million) minus Total Liabilities ($1,130 million) = $479 million

Newble Oil Corp Balance Sheet for 2019:

Current Assets - $465 million

Net Fixed Assets - $1,465 million

Total Assets = $1,930 million

Current Liabilities - $249million

Long-term Debts - $1,010 million

Total Liabilities = $1,259 million

b) Equity = Total Assets ($1,930 million) minus Total Liabilities ($1,259 million) = $671 million

c) Net Income during 2019, if Newble paid dividends of $145 million:

2019 Equity plus Dividends paid minus 2018 Equity = Net Income

($671 + $145 - $479) million = $337 million

d) Depreciation charge for 2019 if Newble purchased $345 million in fixed assets:

2018 fixed assets plus new acquisition minus 2019 fixed assets =

$(1,290 + 345 - 1,465) million = $170 million

e) Change in net working capital between 2018 and 2019:

Net working capital = Current Assets minus Current Liabilities

2018 net working capital = $319 - $255 = $64 million

2019 net working capital = $465 - $249 = $216 million

Therefore, the change in net working capital is $216 - $64 = $152 million.

f) Debt paid off during the year:

2018 debt plus new issue minus 2019 debt balance equals debt paid off.

$(875 + 218 - 1,010) millions = $83 million

Explanation:

a) Equity is the difference between total assets and total liabilities.  In accounting equation, assets = liabilities + equity.

b) Dividends is a distribution from retained earnings (equity).  It decreases the retained net income, which increases the equity.

c) Depreciation also decreases the assets.  To find the charge for the period, we add compare the new assets balance with the old, taking into consideration new acquisitions.

d) Net working capital is the difference between current assets and current liabilities.

e) Debts paid off during the year can be obtained by comparing old debt balance with the new and additional debt issued during the period.

4 0
3 years ago
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