John is on a tight budget. He has a credit card with a very high interest rate. Most months he struggles to make the minimum payment on the card. He is eligible for an upgrade on his smartphone and it will only cost him $400. He doesn’t have the cash but could put it on his credit card. Why might this purchase be a risk

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Answer 1

Answer:

because he will be in debt with the credit card again most likely not being able to pay that debt so interest will add on and put Jim further in debt. which is never good


Related Questions

What are the disadvantages of sponsorship to the business that is being sponsored? I know the advantage is, it can increase the visibility of the company, but can't find or think of a disadvantage, unless there's none? Thanks!

Answers

Answer:

Loss of Control. In return for their compensation, sponsors may ask for things that result in the sponsored organisation relinquishing some degree of control. ...

Involuntary Endorsement. ...

Increased Pressure to Succeed. ...

Loss of Credibility.

hope this helps ♡ if my answer is correct pliz tag me brainliest ♧ thanks

what document explains your rights and responsibilities as a federal student loan borrower? your master promissory note. your billing statement. your financial aid offer

Answers

The document that explains your rights and responsibilities as a federal student loan borrower is A. your master promissory note.

The master promissory note refers to the legal document where one promises to repay their loans and any fees or accrued interests to the Department of Education.

The master promissory note also explains the terms and the conditions of the loan that's taken. It's simply a legally binding document. One has to understand the rights and then responsibilities before one takes the loan.

In conclusion, the correct option is your master promissory note.

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Explain the importance of thoroughly checking your SAR and what steps you can
take if you find any errors?

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Based on financial analysis, the importance of thoroughly checking your SAR is that "possessing an accurate SAR gives individuals the high tendency of earning a financial aid award."

Generally, the financial aid awards depend on the accurate details given in the SAR report.

However, should there be an error in the SAR report, here is the step you can take:

Either you correct or update your Free Application for Federal Student Aid, often referred to as FAFSA form.

The FAFSA form can be filled online.

SAR is an acronym for Student Aid Report.

Hence, in this case, it is concluded that SAR information is crucial for students that need financial aids.

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Help me with this Econs question, please...thank you!

Answers

Is there a certain PFF to look at ?

Please help!!! 100 points!!!
please actually answer and don't just copy my question
1. In this course, you have learned how to identify business ideas and opportunities. Describe 3 trends that you've noticed (either demographic, invention/technology, lifestyle, or style/entertainment) and explain how each one might generate a small business opportunity. (1-6 sentences. 3.0 points)

***Describe 3 trends AND explain how EACH generates a small business opportunity


2. Make a list of at least 5 business ideas that you would be interested in starting as an entrepreneur. Then explain which one you think is the best opportunity for you. Give at least 3 reasons why this opportunity is better than the others. (1-5 sentences. 7.0 points)
TIP: You will create a marketing plan for this business idea in your next assignment, so pick an idea you like.

***Make a list of 5 business ideas THEN explain which one is the best opportunity for you, THEN give 3 reasons why this opportunity is better than the others.

Answers

Answer:

There

Explanation:

Shaw Industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylene fiber, a key input to its manufacturing process. This is an example of
A. creating value by using related diversification to acquire market power by integrating vertically.
B. related diversification to acquire market power by pooling negotiating power.
C. related diversification to acquire economies of scope by integrating vertically to acquire market power.
D. related diversification to acquire economies of scope by leveraging core competencies.

Answers

It is an example of creating value by using related diversification to acquire market power by integrating vertically.

Market power can be defined as the degree to which a company can influence the prices of its goods and services. The larger the concentration of a firm in an industry, the higher its market power. For example, if the a firm constitutes 75% of an industry, its market power would be higher than that of a firm that constitutes 10% of an industry.

Vertical integration is when a firm expands its production capabilities by undertaking production of goods on its supply chain. An example is when the carpet manufacturer begins to produce its raw materials instead of buying it from third parties.

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what is the difference between covalent bonds and ionic bonds?

Answers

Answer:

Covalent bonding: is sharing an amount of e between two atoms.

ionic bonding: A type of chemical bonding that involves the electrostatic attraction between oppositely charged ions.

__________ are items of value your company owns.

Answers

Answer:

it is the business asset

How many owners can a
corporation have?
A. less than 100
B. 100-10,000
C. 100-infinite

PLEASE HELP I NEED THIS

Answers

100 - infiniteIs the answer

Answer: C

Explanation: There can be an unlimited amount of owners.

Bonds are basically also known as what?

a
Loans
b
Contracts
c
Volatile Investments
d
None of the Above

Answers

bonds are basically known as

b)contracts

Rina depositó $ 3,000 en un CD de 12 meses. La tasa de interés anual es de 3.75% y se compone trimestralmente. ¿Cuál es la cantidad de interés que Rina ganará en un trimestre?

Answers

The amount of the interest that Rina will earn in a quarter is $28.52 on 3.75% interest rate.

Here, we are going to employ the use of Future value to enable use derive the amount of interest.

The formula for Future value is A(1+i/m)^mn.

Given Information

Present value = $3,000

Years (n) = 1

Annual interest rate = 3.75%

Compound (m) =  4

Future value = $3,000 * (1 + 3.75%/4)^1*4

Future value = $3,000 * (1+0.009375)^4

Future value = $3,000 * 1.03803064737

Future value = $3,114.09194

Future value = $3,114.09.

interest = Future value - Present value

interest = $3,114.09 - $3,000

interest = $114.09

Therefore, the amount of the interest that Rina will earn in a quarter is $28.52 ($114.09/4) on 3.75% interest rate.

The translated word is "Rina deposited $ 3,000 on a 12-month CD. The annual interest rate is 3.75% and is compounded quarterly. What is the amount of interest Rina will earn in one quarter?"

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The ledger of Skysong, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared.

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Answer: See Image Below

The adjusting entries for Skysong, Inc. for March is prepared from the given   selected accounts before adjusting entries have been prepared.

What are adjusting entries?

Adjusting entries are journal entries that are typically made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. Under accrual-basis accounting, the revenue recognition principle serves as the foundation for making adjusting entries for unearned and accrued revenues.

The adjusting entries are as follows:-

No.   Date           Account Tiles and Explanation       Debit        Credit

1.      March 31        Depreciation expense                      756

                       Accumulated Depreciation expense                        756

2.     March 31    Unearned Rent revenue                        5580

                            Rent revenue                                                        5580

3.     March 31      Interest Expense                                360

                            Interest payable                                                   360

4.    March 31        Supplies Expense                            1935

                               Supplies                                                             1935

5.    March 31       Insurance Expense                             1080

                            Prepaid Insurance                                                    1080

Therefore, the adjusting entries are prepared on March 31.

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Pam has just started a business where she sells handmade jewelry. To let people know about her business, she mailed a flyer to the residents of her subdivision announcing her product line and holiday sale. The flyer contained the date and time of the sale, as well as a description of the items being sold. The flyer is a form of _______ advertising.

Answers

The flyers that Pams mailed to the residents of her subdivision is in form of an informative advertising.

Usually, an Informative advertising is used when an individual or firms launches a new product. The adverts helps to educate the potential consumers about the features of the product

In the question, we will observed that the Flyers contains the date, time of sale and description of the items being sold as well.

Therefore, the form of the advertising of the flyers is known as Informative advertising.

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Velocity, a consulting firm, enters into a contract to help Burger Boy, a fast-food restaurant, design a marketing strategy to compete with Burger King. The contract spans eight months. Burger Boy promises to pay $45,000 at the end of each month. At the end of the contract, Velocity either will give Burger Boy a refund of $15,000 or will be entitled to an additional $15,000 bonus, depending on whether sales at Burger Boy at year-end have increased to a target level. At the inception of the contract, Velocity estimates an 80% chance that it will earn the $15,000 bonus and calculates the contract price based on the expected value of future payments to be received. At the start of the fifth month, circumstances change, and Velocity revises to 60% its estimate of the probability that it will earn the bonus. At the end of the contract, Velocity receives the additional consideration of $15,000.

Answers

Answer:

B

Explanation:

Which of the following is acceptable behavior?

Answers

Answer:

All of the above.

Which of the following is an example of a pricing objective?
A. Minimize cost
B. Minimize profit
C. Maximize profit
D. Minimize the product life cycle

Answers

Answer:

leter d.

Explanation:

because it is can pricing object and it can ♻ sana makatulong ito

Which of the following does NOT describe advertising?

Answers

But you didn't gave any options...

is the creation of finished goods and services using land, labor, capital, entrepreneurship, and knowledge.

Answers

Answer:

production

Explanation:

highlight characteristics of itinerant traders​

Answers

Some features of such itinerant retailers are:

The scale of operations is small. ...

The capital is also limited in the case of itinerant retailers.

They usually deal in day to day products and perishable items of daily use like fruits, vegetables, milk, toiletries etc.

An oligopolist differs from a perfect competitor in that
A. there is cutthroat competition in perfect competition but little competition in oligopoly because firms have significant market power.

B. firms in an oligopoly do not produce homogeneous products while firms in perfect competition do.

C. the market demand curve for a perfectly competitive industry is perfectly elastic but it is downward-sloping in an oligopolistic industry.

D. there are no entry barriers in perfect competition but there are entry barriers in oligopoly.

Answers

Answer:

B

Explanation:

firms in an oligopoly do not produce homogeneous products while firms in perfect competition do. the market demand curve for a perfectly competitive industry is perfectly elastic but it is downward-sloping in an oligopolistic industry. there are no entry barriers in perfect competition but there are entry barriers in oligopoly.

accounting profit is what remains after a firm has paid its _______ costs.

Answers

In accounting, Explicit cost is the cost deducted total revenue to derive the Accounting profit.

In layman word, Profit means the amount gained on a transaction done. In accounting, profit is referred to as financial profit because it is the net income earned after the deduction of all incurring costs from total revenue.

The Incurred cost is what is Explicit Cost. Explicit cost means the direct payment made to facilitate running of the business. This cost includes wage, rent, materials, raw materials etc

Therefore, the correct answer is Explicit cost because after its deduction from total revenue, the accounting profit is what remains.

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1. Which of the following is an example of an intermediary?
A. Auto manufacturer
B. Auto parts manufacturer
C. New car dealership
D. Auto repair shop

Answers

Considering the available options, an example of an intermediary is "New car dealership."

This is based on the idea that an intermediary is an organization between the producers and the final consumers in the business chain transaction.

Thus, a new car dealership is considered an intermediary because he is neither a producer nor the final consumer of the automobile product.

Generally, in any industry, there are different types of intermediaries, they include:

agents, wholesalers, distributors, and retailers.

Hence, in this case, it is concluded that the correct answer is option C. "New Car Dealership."

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the slope of the demand curve for a monopoly firm is:

Answers

Answer:sorry man, don’t know

Explanation:

I need someone to help me

Answers

What's the problem? I'd be happy to help you if you would be willing to specify what you need help with.

At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $13.6 million. $10.6 million of the purchase price was allocated to the building. Depreciation for 2016 and 2017 was calculated using the straight-line method, a 25-year useful life, and a $2.6 million residual value. In 2018, the estimates of useful life and residual value were changed to 20 total years and $660,000, respectively.

What is depreciation on the building for 2018? (Round answer to the nearest whole dollar.)

Answers

Answer:

I don't know

Explanation:

Cause I didn't do this one yet sorry :(

2. What are some ways you should categorize your financial documents (choose all that apply)

report cards

Credit Card Statements

Tax Returns

Bank Statements

Answers

Answer:

Credit Card StatementsTax Returns Bank Statements

Explanation:

Hope this helps :)  

Pls make brainliest :3  

And have an amazing day <3

Answer:

Credit Card Statements

Tax Returns

Bank Statements

Explanation: Have no explanation besides an answer confirmed by buzz acceleration education.

Note:

Hope this helps you in the Future. Sorry for the late answer.

is water wet or....?

Answers

Answer:

water is a substance made up of two compound one is hydrogen and second is oxygen

the chemical formula for water is ( H2O )

Explanation:

hope it helps

Answer:

real

Explanation:

(water)

you have a credit card and the average balance on that card, year after year, is $4,000. The credit card company charges 21% annual intrest on your average balance, how much extra money would you have to invest each year if you weren’t paying intrest on that credit card debt?

A. $117
B. $840
C. $273
D. $791

Answers

the answer is b. 840$

The amount of $840 will be extra money one will have to invest each year if you are not paying interest on that credit card debt.

What is a credit service?

This is a loan service provided by credit firm to an individual, business etc which is expected to be repaid with interest.

Extra money = $4,000 * 21%

Extra money = $840

Therefore, the Option B is correct.

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What is a company's market share?

Answers

Answer:

A company's market share is its sales measured as a percentage of an industry's total revenues. Company market share is the percentage of the total target market for your product that belongs to your company.

it can be calculated by sales income, or the number of sales.

credits -

https://www.investopedia.com/ask/answers/033015/how-do-i-determine-particular-companys-market-share.asp#:~:text=A%20company's%20market%20share%20is,company%20relative%20to%20the%20industry.

How do I stop procrastinating

Answers

https://www.virtuemap.com/

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