To build a good credit history you should pay as much of your balance as possible by the due date.
a true
b. false
Answers
The statement "To build a good credit history, you should pay as much of your balance as possible by the due date" is generally true.
Paying your credit card balance in full and on time is considered a responsible credit behavior and can help you establish and maintain a positive credit history. Here's why:
Payment history: Your payment history is one of the most important factors that lenders consider when assessing your creditworthiness. Making timely and full payments demonstrates your ability to manage credit responsibly, which reflects positively on your credit report.
Credit utilization: Paying off your balance in full helps keep your credit utilization ratio low. Credit utilization is the percentage of your available credit that you're using. Keeping this ratio low, ideally below 30%, shows lenders that you are not relying heavily on credit and are managing your debts effectively.
Avoiding interest charges: By paying your balance in full, you avoid accruing interest charges on the remaining balance. This can save you money in the long run and prevent your debts from accumulating.
Positive credit history: Building a positive credit history takes time, and consistent on-time payments contribute to a stronger credit profile. Lenders prefer borrowers with a proven track record of responsibly managing credit, which can increase your chances of being approved for future loans or credit applications.
However, it's important to note that paying the minimum amount due by the due date is still considered a responsible payment, but it may result in higher interest charges if you carry a balance forward. While paying as much of your balance as possible is generally advised, it's also essential to manage your finances wisely and not overspend beyond your means.
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Related Questions
1. Using your own words, describe the three Skills of Distinction as if you were explaining them to someone else. (one paragraph minimum) 2. In your view why are these skills so important for us to learn to be successful as future employees and leaders in society? (Examples should be used to support your response.) (one paragraph minimum) 3. The Skills of Distinction can be further developed by practicing and using the Circle of Courage - which is described in the document below. Within the Circle of Courage, focus on Independence. What does it mean to be accountable in college and the workplace? (one paragraph minimum) 4. Honest and Integrity is at the very foundation of leadership. Our personal credibility and ability to build strong relationships depends on Honesty and Integrity and forming trustworthy relationships. In your words describe what it means to be trustworthy and how this will impact your future career opportunities? (one paragraph minimum) 5. How does maintaining the highest standards in Honesty and Integrity contribute to Resilience? (Examples should be used to support your response.) (Two paragraphs minimum - Answer How/Give examples) 6. How does maintaining the highest standards in Honesty and Integrity contribute to Inclusion? (Examples should be used to support your response.) (Two paragraphs minimum - Answer How/Give examples) 7. How does maintaining the highest standards in Honesty and Integrity contribute to new Ways of Thinking? (Examples should be used to support your response.) (Two paragraphs minimum - Answer How/Give examples)
Answers
1. The three distinguishing abilities are: 1. Inclusion 2.Resilience 3. New modes of thought. These three abilities are necessary. In a world, workplace, and workforce that are evolving, there are challenges for every new learner.
2. Future leaders and employees in all civilizations around the world rely heavily on these qualities. When a student graduates from college and begins looking for a job, they must possess something novel and distinctive.
3. The circle of bravery is a youth development strategy that fosters in students a sense of independence, generosity, and belonging.
4. The most important skills needed for a future career are honesty, integrity, trustworthiness, personal credibility, and ability.
5. The ability to bounce back from setbacks is crucial for maintaining a person's sense of integrity and honesty. A person can only continue to be integral and honest with the organization's system if they have the capacity for resilience.
6. A leader's unusual ability to include others inspires him to support the weak and underprivileged.
7. New methods of thinking aid everyone in developing their honesty and integrity, whether they are professionals or social workers.
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7. Another example of opportunity cost is a company's cost of capital. Suppose a manufacturer wants to add
microwave ovens to its product line. To do this, it must invest $500,000 in new equipment.
Besides the original investment, the company estimates it would spend $200,000 per year on production
costs for labor and materials. It also estimates that it could sell about $225,000 worth of microwave ovens
each year. Would it benefit the company to manufacture the microwave ovens if it could earn 10 percent
interest by purchasing U.S. Treasury bonds with the $500,000? Explain your answer.
Answers
Answer:
You should invest in US bonds because you will be able to earn a higher return than if you build and sell microwaves.
Explanation:
alternative 1, build and sell microwave ovens:
initial outlay = $500,000
net cash flow per year = $225,000 - $200,000 = $25,000
alternative 2, invest in US securities:
investment = $500,000
net cash flow per year = $500,000 x 10% = $50,000
Opportunity costs are the benefits lost or extra costs resulting from choosing one activity or investment over another.
If you choose to build and sell microwaves, you will not be able to invest in bonds, and therefore, your net income will decrease by $25,000 - $50,000 = -$25,000.
Instead, if you invest in bonds and not microwaves, your net income will increase by $50,000 - $25,000 = $25,000.
You should invest in US bonds because you will be able to earn a higher return than if you build and sell microwaves.
The calculation is as follows:alternative 1, build and sell microwave ovens:
initial outlay = $500,000
So,
net cash flow per year = $225,000 - $200,000 = $25,000
now
alternative 2, invest in US securities:
investment = $500,000
net cash flow per year = $500,000 x 10% = $50,000
In the case when you choose to build and sell microwaves, you will not be able to invest in bonds, and therefore, your net income will decrease by $25,000 - $50,000
= -$25,000.
Now
Instead, if you invest in bonds and not microwaves, your net income will increase by $50,000 - $25,000
= $25,000.
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is matthew mark luke and john jewish
Answers
Mark and John were jewish but luke was greek
What is the name for a loan with a co-signer
Answers
Answer:
co-borrowers
Explanation:
They are joint borrowers that are sharing and have to repay a debt together.
what are two questions a firm should ask of itself as trade barriers fall and they develop global markets?
Answers
The two questions that a firm should ask of itself as trade barriers fall and they develop global markets are:
What is the threat to us as the barrier falls?What is the opportunity for us as the barrier increases?What are trade barriers?Trade barriers are limits on international trade imposed by the government. Trade barriers, according to the principle of comparative advantage, are harmful to the global economy and reduce overall economic efficiency.
Trade barriers can block free trade, benefit affluent nations, limit product variety, raise prices, reduce net income, reduce employment, and diminish economic production.
Subsidies, anti-dumping levies, regulatory barriers, and voluntary export limitations are the four major forms of trade obstacles. Trade barriers are frequently erected to safeguard domestic businesses and workers. This is known as protectionism. Tariffs, quotas, and embargoes, for example, make imported goods more expensive and scarce.
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If the Canadian dollar is strengthening, then:
O it has been unpegged from other currencies.
O it has appreciated in terms of other currencies, which will likely lead to increased exports from Canada,
O Canada has purchasing power parity.
O it has appreciated in terms of other currencies, which will likely lead to increased imports to Canada
Answers
If the Canadian dollar is strengthening, then it has appreciated in terms of other currencies, which will likely lead to increased imports to Canada. Therefore, the option D holds true.
The currencies of different nations and economies have different valuations that are determined by the forces of international exchange rates. For example, the US dollar is different from the Canadian dollar, as the former is considered to be the most powerful currency. If the Canadian dollar appreciates in its valuation, it becomes stronger than previous position of the same currency.
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You are a recent college graduate who has just landed your first job. The company that hired you has
agreed to pay you $50,000 a year. It has been recommended that the value of your car(s) do not exceed 50% of your income. With this rule in mind what is the maximum value that your car(s) can be worth?
Answers
Please help me♀️♀️
Answers
Answer:
a specific purpose
Explanation:
this is because ;for example you are asking this question with a purpose (to get the answer)
haley is helping to choose members for a customer satisfaction team which of the following employees demonstrate skill in focusing on the team's purpose?
Answers
Answer: Jesse constantly looks for better ways to solve problems for customers
Explanation:
Customer satisfaction refers to the measurement which deals with the happiness and satisfaction of customers with the product and service of a company.
Since Haley is helping to choose members for a customer satisfaction team, then the employee who can help the team focus on the its purpose is Jesse who constantly looks for better ways to solve problems for customers.
career question will mark first answer brainliest
Answers
Answer:
B.
Explanation:
I hope that helps!!!!!!!!
midge feels that the price of gold is going to fall because inflation is on the decline. to profit from her prediction, assuming she is correct, midge should
Answers
Yes, Midge should sell short a futures contract today to profit from her prediction that the price of gold will fall due to declining inflation.
Selling short a futures contract involves selling a commodity, such as gold, that the seller does not currently own. The seller agrees to deliver the commodity at a future date, anticipating that its price will decline. If Midge believes that the price of gold will fall due to declining inflation, selling short a gold futures contract would allow her to profit from this prediction.
By selling short a futures contract, Midge can take advantage of falling gold prices. If the price does indeed decrease as she predicts, she can buy back the futures contract at a lower price and make a profit on the difference. This strategy allows Midge to benefit from her anticipation of declining inflation and the subsequent impact on the price of gold.
However, it's important to note that selling short carries risks. If Midge's prediction is incorrect and the price of gold rises instead, she could potentially incur losses. Therefore, careful analysis and consideration of market conditions and trends are crucial when engaging in futures trading to maximize the chances of making profitable trades.
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The Complete question is
Midge feels that the price of gold is going to fall because inflation is on the decline. To profit from her prediction, assuming she is correct, Midge should sell short a futures contract today.
What accounting book should a merchandising business use to show a payment and transaction history for each customer who bought items
with credit?
When a company has customers who buy units of merchandise on credit, its accountant will post entries in the ____
Answers
Answer:
Accounts receivable subsidiary ledger.
Explanation:
Answer: accounts receivable subsidiary ledger
Explanation:Specialized journals are useful when posting entries for frequent business transactions. For example, a cash receipt journal captures cash transactions. This is different from an accounts receivable subsidiary ledger, which shows a payment and transaction history for each customer who bought items with credit
a bond has a face value of $1,000, a coupon rate of 0 percent, yield to maturity of 9 percent, and 10 years to maturity. this bond's duration is
Answers
Duration of the bond can be calculated as follows :Duration = (Present Value of the Bond's Cash Flow × Weighted Average Time of the Cash Flows) / Bond's Current Market Value
A bond has a face value of $1,000, a coupon rate of 0 percent, yield to maturity of 9 percent, and 10 years to maturity. This bond's duration is 8.26 years. A 0% coupon rate indicates that the bond pays no annual interest payment. As a result, the investor's earnings would be generated solely from the bond's yield to maturity.
Since the bond's yield to maturity is 9%, the investor's earnings would be 9% per year. A bond's duration is the length of time it takes for its present value to equal the bond's total cost. Duration is measured in years and is a critical metric in understanding how bond prices react to changes in interest rates.
The formula for calculating a bond's duration is: Duration = (Present Value of the Bond's Cash Flow × Weighted Average Time of the Cash Flows) / Bond's Current Market Value Given, Bond face value = $1,000Coupon rate = 0%Yield to maturity = 9%Time to maturity = 10 years
To compute the duration, the present value of the bond's cash flows must first be determined. The present value of a bond's cash flows is calculated as follows: Present value = [C / (1 + r)^1] + [C / (1 + r)^2] + ... + [C / (1 + r)^n] + [F / (1 + r)^n]Where C = Annual coupon payment r = Yield to maturity (YTM)n = Time to maturity F = Face value
For the bond, C = $0, F = $1,000, r = 9%, and n = 10 years. Plugging these values into the present value formula, we get: Present value = [0 / (1 + 0.09)^1] + [0 / (1 + 0.09)^2] + ... + [0 / (1 + 0.09)^10] + [1,000 / (1 + 0.09)^10]Present value = 422.618By multiplying the present value by the time to maturity, we get the total present value weighted average time of the bond.
Total present value weighted average time = Present value × Time to maturity Total present value weighted average time = 422.618 × 10Total present value weighted average time = 4,226.18
Finally, by dividing the total present value weighted average time by the bond's current market value, we can get the duration.
Duration = Total present value weighted average time / Bond's Current Market Value Bond's current market value = $603.76 (Present value / Time to maturity)Duration = 4,226.18 / 603.76Duration = 8.26 years.
Thus, the duration of the given bond is 8.26 years.
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what is a final good? multiple select question. a good that is counted as part of gdp a good that is counted twice while calculating gdp a good used only in the production of other products a good directly consumed by individuals or businesses
Answers
A final good is a good that is directly consumed by individuals or businesses (option A). This type of good is counted as part of the Gross Domestic Product (GDP) and is not used in the production of other goods.
A final good is a good that is counted as part of GDP. This means that it is a good that is either directly consumed by individuals or businesses or a good used only in the production of other products. It is important to note that a final good is only counted once while calculating GDP. This includes goods that are directly consumed by individuals or businesses, and not goods used in the production of other products.
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what is one disadvantage of not having a checking account?
Answers
Answer:
A disadvantage could be paying the bills in person, having to pay bills AND gas money.
What are the limitations of using immunochromatography?
what are the limitations of using latex agglutination?
Answers
Immunochromatography and latex agglutination have limitations in sensitivity, specificity, and quantitative measurements. Careful consideration and exploration of alternatives are important.
1. Limitations of using immunochromatography:
a. Sensitivity: Immunochromatography tests may have limitations in terms of sensitivity, especially when compared to more advanced laboratory-based methods. This can result in false-negative results, where the test fails to detect the target analyte even if it is present at low levels.
b. Specificity: While immunochromatography tests are designed to be specific to the target analyte, there is a possibility of cross-reactivity or interference with other similar substances. This can lead to false-positive results or inaccurate interpretation of the test.
c. Quantitative measurement: Immunochromatography tests are generally qualitative or semi-quantitative, providing a visual indication of the presence or absence of a target analyte. However, they may not offer precise quantitative measurements, which can be a limitation in certain applications requiring precise quantification.
d. Limited multiplexing capability: Immunochromatography tests are often designed for the detection of a single target analyte or a limited number of analytes. Compared to laboratory-based techniques, they may have limited capacity for multiplexing, i.e., simultaneous detection of multiple analytes in a single test.
2. Limitations of using latex agglutination:
a. Sensitivity: Similar to immunochromatography, latex agglutination tests may have limitations in sensitivity. They may not be as sensitive as more advanced techniques, leading to potential false-negative results.
b. Specificity: Latex agglutination tests can be subject to cross-reactivity or interference, resulting in false-positive or false-negative results due to nonspecific interactions between the latex particles and other substances.
c. Subjectivity: Interpretation of latex agglutination tests can be subjective and dependent on the observer. The presence or absence of agglutination can be open to interpretation, which may introduce variability and potential for errors.
d. Limited quantitative information: Similar to immunochromatography, latex agglutination tests generally provide qualitative or semi-quantitative results rather than precise quantitative measurements. This can be a limitation in situations where precise quantification is required.
It's important to note that the limitations mentioned above are not inherent to immunochromatography or latex agglutination as a whole but represent common challenges associated with these techniques. Advancements and modifications in the design and methodology can help overcome some of these limitations in specific applications.
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Watters Umbrella Corp. issued 15-year bonds 2 years ago at a coupon rate of 8.2 percent. The bonds make semiannual payments. If these bonds currently sell for 85 percent of par value, what is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answers
Answer: 10.32%
Explanation:
Given the following :
Assume par value of $1000
Payment is made semianually
Payment per period (PMT) = 85% of par value = [(8.2/100) × 1000] ÷ 2 = 82 / 2 = $41
Present value(PV) = 85% × 100 = $850
Years to maturity = (15 - 2) = 13 years
Therefore, number of periods = 13 × 2 = 26 ( since payment is made semianually).
In other to avoid computational complexity, we can use the online yield to maturity calculator or the excel formula :
Using the online calculator :
Yield to maturity = 10.32%
This refers to dividing responsibility among specific units or departments.
Answers
You are a part-time worker at a small neighborhood grocery store. You've been working in the store for only a few days, but already you know you like the job and your employer. It's close to your home, so it's very convenient. However, you're worried about security because you often work alone. There is a security camera, but it doesn't look like it's working. Posters and flyers completely fill the windows, making it impossible to see in or out. And the streetlights outside the store aren't very bright. You decide to talk about your concerns with the store owner.
Answers
Answer:
Despite liking the job due to the comfort and convenience which it offers, the security challenge is not something to wish off. I would engage with the store owner to see in which ways which he could improve the security of the store.
For example, changing the security camera, and removing the posters and flyers which fills the windows could be a great way to start. Also, with time, he could consider hiring a security guard who could be stationed in front of the store for few hours work in the night. this would guaranteed extra layer of security.
Explanation:
Alex suggests conducting an after action review so the company is better prepared to prevent similar situations in the future. He also suggests that they should conduct competitor analyses. If Amy wants everyone to conduct after action reviews and competitor analyses, what can she do to create a culture that supports these efforts
Answers
To create a culture that supports these efforts, it is essential to create a strategic management focused on analysis, control and review of organizational actions.
What is strategic management?It consists of formulating and implementing actions that will lead to the achievement of stipulated goals and objectives, providing a direction for the company to be competitive and positioned in the market.
Therefore, strategic management will lead to the development of plans and policies, along with the allocation of resources to achieve objectives.
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a bond issue with a face amount of $1,100,000 bears interest at the rate of 8%. the current market rate of interest is 9%. these bonds will sell at a price that is:
Answers
The overall price of the bonds will be lower if the current market rate of interest is higher.
a bond issue with a face amount of $1,100,000 bears interest at the rate of 8%. the current market rate of interest is 9%. these bonds will sell at a price that is less than $1,100,000.
this is because the current market rate of interest is higher than the interest rate that the bond is paying. as a result, investors would be willing to pay less for the bond than its face value, because they could get a higher interest rate by investing in other bonds.
the amount that the bonds will sell for will be determined by the present value of the interest payments and the principal amount. the present value of the interest payments will be lower if the current market rate of interest is higher. the present value of the principal amount will be the same, regardless of the current market rate of interest. in this case, the current market rate of interest is 9%, which is higher than the interest rate that the bond is paying, so the bonds will sell for less than $1,100,000.
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In what order do managers typically perform the managerial function?
Answers
Answer and Explanation:
As we know that the managerial functions are as follows:
1. Planning
2. Organizing
3. Leading
4. controlling
In this way it should be perfomed by the managers so that the company goals and objectives should be accomplished within the prescribed time and if there is any discrepancy so it would be corrected before time
what is office proceducer and accouting
Answers
The administrative department handles management activities that affect the entire organization. The accounting department keeps the financial records of the business and prepares reports that help the business to make financial decisions.
Hope it helps...The difference between an interest rate of 5.4% on a 10-year corporate bond and an interest rate of 2.4% on a 10-year government bond is called
Answers
Answer:
The risk premium, is the right answer.
Explanation:
The difference between the interest rates of 10-year corporate bond and the 10-year government bond is termed as the “risk premium” because it is the rate of return that an investment offers or gives over the period and above the risk-free rate of return. Here risk-free rate is the return on the when there is no probability of financial loss. Therefore, government bonds have risk free returns because there is no financial loss associated with these bonds.
argo is analyzing a capital project for manufacturing golden fleece. the looms to manufacture cost $100,000 and will be depreciated over five years to a zero value. argo expects to sell the looms after the third year (2 years of depreciation remaining) for $10,000 due to expected advances in loom technology. if argo pays a 40% tax rate, what is the after-tax cash of the loom sale?
Answers
The after-tax cash of the loom sale is 20000.
What is the after-tax cash of the loom sale?Manufacture cost $100,000 and will be depreciated over five years to a zero value.
The Before-Tax Cash Flow is calculated by deducting Operating and Capital Costs from Revenue. Additionally, Before-Tax Cash Flow is equivalent to Cash Flow after Tax less Income Tax.
A measure of cash flow that considers the effect of taxes on earnings is called CFAT after taxes. This metric is employed to assess the cash flow of a corporate project or investment.
Depreciation per year = Cost/years of depreciation =
$100,000/5 = 20,000.
if argo pays a 40% tax rate,
The after-tax cash of the loom sale is
20000 * 40% =80000.
The after-tax cash of the loom sale is 20000.
100000 - 80000 = 20000
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state accounts are audited under the direct supervision of the
Answers
State accounts are audited under the direct supervision of the state auditor. Examiner General is the sole power endorsed in the Constitution endowed with the obligation of review of records.
The State Auditor's Office (SAO) develops strategies for making government more effective and efficient and provides citizens with independent and open examinations of how state and local governments use public funds.
In 48 states, the auditor is a state-level position with administrative authority over the state's accounting and financial operations. In addition, auditors conduct internal government audits and investigate allegations of fraud as watchdogs for other state agencies.
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Question 2 of 10
What is product positioning?
O
A. The set of plans for product, price, place, and promotion that the
marketer will use
O
B. The use of names and symbols to identify the company's products
O C. The process of dividing up a total market into groups (segments)
with similar needs and buying behaviors
OD. A definition of how the company intends for customers to view its
product relative to the competition
Answers
Answer:
I think it should be D keep checking just in case
What is the first step in the standard purchasing process practiced by most
companies?
A. Solicit bids
B. Requisition
C. Invoicing
D. Purchase order
Answers
Answer:
B. requisition
Explanation:
i have done this before, hope i helped
Hope its help for your questions
USA TEST PREP HELP ILL GIVE BRAINLIEST. If both monetary policy and fiscal policy were used at the same time to contract the economy, which set correctly describes the likely result of these actions?
A) A
B)B
C)C
D)D
Answers
Answer:
I am unsure of the answer but it can be narrowed down to B D or E because the GDP would decrease.
external cost of expanding or building airport
Answers
Answer:
External costs may involve or interact and be impacted by the environment, society, or economic travesty, especially ones that were uncalled-for.
External costs depend on many things, including area, time, and space, but will mostly be a few hundred thousand U.S.D.