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2 years ago

If you use credit what are you creating

Business

2 answers:

sladkih [1.3K]2 years ago

7 0

Answer:

Explanation:

just took quiz

Margaret [11]2 years ago

3 0

<span>B is the correct answer. When you spend money on a credit card you are creating a debt because you are spending money you don't actually have at that point in time.</span>

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M10-10 Computing and Reporting a Bond Liability at an Issuance Price of 102 [LO 10-3] E-Tech Initiatives Limited plans to issue

Mamont248 [21]

Answer:

Explanation:

Balance sheet presentation :

Long term liabilties

Bonds payable 500000

Add: Premium on bonds payable 10000

Carrying value of bonds 510000

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2 years ago

Imagine that you are at a bank, ready to open your first bank account.

Sati [7]

Answer:

compared the services that different banks offer, and learned what they charge for them.

Explanation:

This is crucial as no one would want to be trapped in a bank or bank plans or services that doesn't work for him or her.

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2 years ago

Read 2 more answers

A home buyer can afford to spend no more than $1500/month on mortgage payments. Suppose that the interest rate is 6%, that inter

krok68 [10]

Answer:

20 years mortgage:

maximum loan $ 209, 371.16

interest paid $ 150,628.84

30 years mortage

maximum loan $ 250,187.4216

interest paid $ 289,812.58

Explanation:

20 years mortgage:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 1,500.00

time 240 (20 years x 12 months)

rate 0.005 ( 6% annual / 12 months per year)

$1500 \times \frac{1-(1+0.005)^{-240} }{0.005} = PV\\$

PV $209,371.1575

Quota x number of cuotas - principal = total interest

1,500 x 240 - 209,371.16 = 150628.84

30 years mortgage

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 1,500.00

time 360

rate 0.005

$1500 \times \frac{1-(1+0.005)^{-360} }{0.005} = PV\\$

PV $250,187.4216

Quota x number of cuotas - principal = total interest

1,500 x 360 - 250,187.42 = 289,812.58

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2 years ago

Alexander has been accepted as a freshman at a college two hundred miles from his home for the fall semester. Alexander's wealth

irga5000 [103]

Answer:

Yes.

Alexander is an intended third party beneficiary of the contract between Michael and Jackson Auto Sales.

Explanation:

In the law of contracts, Alexander becomes a third-party beneficiary of the contract between Michael and Jackson Auto Sales, and he has the right to sue in the contract notwithstanding that he was not an active party to the contract. Some of the factors that may be present to show that a Alexander is an intended beneficiary are: (1) the contract's performance is rendered directly to Alexander; (2) Alexander has rights to control the details of the performance; or (3) there is an express designation in the contract, e.g. the title to the car is in Alexander's name.

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2 years ago

Sam, who is 55 years old and has been a steel worker for 30 years, is unemployed because the steel plant in his town closed and

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