1. If you're using the Snowball Method, which debt do you focus on made all of your minimum payments? Options:
A. Highest balance
B. Lowest interest rate
C. Lowest balance
D. Highest interest rate

2. If you're using the High Rate Method, which debt do you focus on first after you've made all of your minimum payments ?
A. Lowest interest rate
B. Highest interest rate
C. Highest balance
D. Lowest balance

3. If the High Rate Method makes the most mathematical sense, why do you think someone might use the Snowball Method instead?
A. it saves more money in interest
B. it increases the number of debts you have to repay
C. It increases the number of monthly payments you need to make
D. It is behaviorally motivating

4. Regardless of which method you choose , why is it important to pay at LEAST the monthly minimum payment on every debt ?
A. Your credit history is erased and you have a "thin file".
B. Federal and state governments can increase your taxes if you don't make the minimum payment.
C. You will have to pay tees and your credit score will decrease.
D. Your credit score will increase by at least 30 points.

The balance sheet contains the following major sections: current assets long-term investments property, plant, and equipment intangible assets other assets current liabilities long-term liabilities contributed capital retained earnings accumulated other comprehensive income required: the following is a list of accounts. using the letters a through j, indicate in which section of the balance sheet each of the accounts would be classified. if an account does not belong under one of the sections listed, select "not under any of the choices" from the classification drop down box. for all accounts, indicate if the account is a contra account or an account that would normally be deducted on the balance sheet by selecting "yes" from the second drop down box, otherwise select "no". account classification contra or deducted (yes/no) 1. cash 2. bonds payable (due in 8 years) 3. machinery 4. deficit 5. unexpired insurance 6. franchise (net) 7. fund to retire preferred stock 8. current portion of mortgage payable 9. accumulated depreciation 10. copyrights 11. investment in held-to-maturity bonds 12. allowance for doubtful accounts 13. notes receivable (due in 3 years) 14. property taxes payable 15. deferred taxes payable 16. additional paid-in capital on preferred stock 17. premium on bonds payable (due in 8 years) 18. work in process 19. common stock, $1 par 20. land 21. treasury stock (at cost) 22. unrealized increase in value of available-for-sale securities

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

Which of the following distribution systems offers speed and reliability when emergency supplies are needed overseas? a. railroadsb. airfreightc. truckingd. pipelinese. waterways