Business, 19.03.2020 08:32 bermudezs732

You are 22 years old, unmarried, have no children, and a take-home pay of $2,500 per month. You depended on your parents while attending college. You are engaged to be married in 18 months. You have a very little credit history, but want to establish a good credit rating so that you may be able to rent/buy a home and qualify for low-cost loans when you buy a new car or appliance. You also want to be able to qualify for credit cards with good reward programs and low fees and interest rates.
Read each statement below and indicate whether it is a good or bad reason for using debt.
1. Debt provides protection against rip-offs and fraud.
2. Debt provides financial flexibility and convenience when making payments.
3. You have unused credit available on your credit card.
4. The habit of buying on credit can lead to overspending and overindebtedness.
5. Debt provides the means to purchase big ticket products sooner rather than later.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 00:40, lindseybug

Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.

Answers: 3

continue

Business, 22.06.2019 01:40, Cosio

Kis the insured and p is the sole beneficiary on a life insurance policy. both are involved in a fatal accident where k dies before p. under the common disaster provision, which of these statements is true?

Answers: 1

continue

Business, 22.06.2019 05:00, swelch2010

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u. s. company and i don’t make decisions based on what’s good for the u. s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

Answers: 2

continue

Business, 22.06.2019 10:10, kratose

Rats that received electric shocks were unlikely to develop ulcers if the

Answers: 1

continue

You know the right answer?

You are 22 years old, unmarried, have no children, and a take-home pay of $2,500 per month. You depe...