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
BartSMP [9]
3 years ago
5

With bad credit you are more dependent on others which statement is correct? O A Bad credit means you have more options on place

s to live Bad credit means you don't have to pay your bills on time, since your credit OB is already bad. So, you can buy more things on credit Bad credit means you may have to live at home with your parents for a long 0 time. It also means you may have trouble getting a good job. and trouble getting a loan. And even if you get a loan, you will pay a lot more in interest OD. Bad credit means you always have to pay less for items like car insurance​
Business
1 answer:
padilas [110]3 years ago
5 0

Based on the effect of bad credit, the best option is Bad credit means you may have to live at home with your parents for a long time. It also means you may have trouble getting a good job. and trouble getting a loan. And even if you get a loan, you will pay a lot more in interest.

<h3>What is bad credit?</h3>
  • It means that you have a bad credit score.
  • It means that you are considered a risk to be loaned money to.

As a result of this, you will find it difficult to rent a house because landlords will be worried about your ability to pay rent. Getting a loan will also be hard and any loan you get will have a high interest attached because of your riskiness.

In conclusion, option C is correct.

Find out more on bad credit at brainly.com/question/19986579.

You might be interested in
On April 1, Lewis Company paid $14,400 for two years of insurance in advance. Lewis Company recorded the transaction by debiting
Dominik [7]

Answer:

31 Dec       Expense A/c Dr.                      $5,400

                         To Prepaid Expense A/c                   $5,400

(Therefore, expense for the current financial year recorded)

Explanation:

We know that at the time of insurance paid in advance on 1 April for 2 years, entry was;

Prepaid Insurance A/c Dr.            $14,400

                 To Cash A/c                                      $14,400

Now at year end the expense relating to current period shall be recognized properly in the books, so that matching principle of revenue against expenses shall be matched.

Thus, period from 1 April to 31 December = 9 months

Expense for 9 months = 14,400 \times \frac{9}{24} = 5,400

That means expense for the year = $5,400

Therefore, entry for such recording will be:

31 Dec       Expense A/c Dr.                      $5,400

                         To Prepaid Expense A/c                   $5,400

(Therefore, expense for the current financial year recorded)

6 0
3 years ago
You are reviewing your client’s Multicurrency company Balance Sheet, and the balance as of the previous fiscal year-end for thei
qaws [65]

Answer:

Foreign exchange loss

Explanation:

A foreign exchange gain/loss is normal for companies that operate in foreign countries. E.g. you prepared your financial statements by converting the foreign currency into your local currency, in this case you converted Canadian dollars to US dollars. But then the exchange rate between the currencies changes. If the value of the Canadian dollar's value increased after conversion, then you gained, and an adjustment must be made to show that gain. But if the Canadian dollar's value decreased after the conversion, then you lost (what happened here) and an adjusting entry must be made to report the loss.

In order to correct his, you must:

Dr Foreign exchange gain/loss 10

    Cr Canadian bank account 10

4 0
3 years ago
Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months
Katen [24]

Answer:

Please see the attached Snapshot for a schedule showing service revenue receivable and below are the journal entries for the year 2013, 2014 and 2015 on Income Taxes.

Explanation:

1. 2013 Journal Entry

Alsup Consulting

Dated: December 31, 2013

Debit: Tax Expense $134,000

Debit: Deferred Tax Liability $4,000

Credit: Income Tax Payable $138,000

<em>To record Income Tax Payable.</em>

2. 2014 Journal Entry

Alsup Consulting

Dated: December 31, 2014

Debit: Tax Expense $108,000

Credit: Income Tax Payable $100,000

Credit: Deferred Tax Liability $8,000

<em>To record Income Tax Payable.</em>

3. 2015 Journal Entry

Alsup Consulting

Dated: December 31, 2015

Debit: Tax Expense $114,000

Debit: Deferred Tax Liability $10,000

Credit: Income Tax Payable $124,000

<em>To record Income Tax Payable.</em>

3 0
3 years ago
Adele Corp., a wholesaler of music equipment, issued $32,700,000 of 20-year, 6% callable bonds on March 1, 20Y1, at their face a
kirill115 [55]

Answer:

20Y1

Mar 1

Dr Cash 32,700,000

Cr Bonds payable 32,700,000

Sept 1

Dr Interest expense 981,000

Cr Cash 981,000

20Y2

Sept 1

Dr Bonds payable $32,700,000

Cr Loss on Redemption of Bonds 654000

Cr Cash 33,354,000

Explanation:

Adele Corp. Journal entries

20Y1

Mar 1

Dr Cash 32,700,000

Cr Bonds payable 32,700,000

Sept 1

Dr Interest expense 981,000 ($32,700,000*6%/2)

Cr Cash 981,000

20Y2

Sept 1

Dr Bonds payable $32,700,000

Cr Loss on Redemption of Bonds 654,000

Cr Cash 33,354,000 ($32,700,000*1.02)

5 0
3 years ago
Determine whether each of the following topics would more likely be studied in microeconomics or microeconomics.
Jlenok [28]

Answer:

<u>The effect of government regulation on a monopolist's production decisions</u>

Explanation:

The effect of a large government budget deficit on the economy's price level

The superavit or deficit of the government is a macroeconomics subject.

The money market is also macroeconomics.

The impact of regulation or specifit taxes or tax extemption on a monopolist's production will be part of microecnomics, because it will impact on which level the monopolist's production finds equilibrium after the legislation.

4 0
3 years ago
Other questions:
  • At the closing on June 15, the buyer is assuming a mortgage presently on the property, on which the monthly interest charge is c
    11·1 answer
  • Sodresh Sundials manufactures large stone sundials. It costs $14.22 to produce a sundial, which can then be sold for $36.75. The
    5·2 answers
  • Sydney is an economist putting together an economic model to predict the outcome from particular causes and effects in the econo
    6·1 answer
  • During finals week, students arrive randomly at the help desk of the computer lab. There is only one technician due to budget cu
    5·1 answer
  • Snackyville sells a wide variety of snacks to retail grocery stores. Snackyville recently released two new snacks: a popular tra
    8·1 answer
  • All of the following are benefits of debt financing except: Group of answer choices Interest on debt financing is tax deductible
    6·1 answer
  • M&amp;m's famous slogan, "melts in your mouth, not in your hand," is an example of a(n): promotional mix. basis for lifestyle st
    5·1 answer
  • JWS Transport Company’s employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immed
    7·1 answer
  • Sharon is very enthusiastic and energetic with teams. She uses her likability and infectious personality to motivate others towa
    12·1 answer
  • An asset with a net book value of $1,225 was discarded, having no market value. How much will be recorded as a loss or gain on d
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!