If an individual has a balance on her credit card, but would like to pay less money in the long run, she should _____. make the minimum payment every month talk with her credit card company about removing her annual fee pay as much as possible each month close her account and transfer her balance to a different credit card

Answers

Answer 1

Answer:

Answer:

pay as much as possible each month

Explanation:

If you pay the minimum amount of money in your credit car thet will eventually generate interests, so if you want to avoid paying more money in the long run you should pay as much money as you can a month in order to start lowering the debt that you have in your credit card and eventually avoid paying interests.

Answer 2

Answer: If you have a balance on your credit card but you would like to pay less money in the long run, you should pay as much as possible every month.

Related Questions

As of December 31, 2017, Armani Company’s financial records show the following items and amounts. Cash $ 10,000 Accounts receivable 9,000 Supplies 6,000 Equipment 5,000 Accounts payable 23,000 A. Armani, Capital, Dec. 31, 2016 4,000 A. Armani, Capital, Dec. 31, 2017 7,000 A. Armani, Withdrawals 13,000 Consulting revenue 33,000 Rental revenue 22,000 Salaries expense 20,000 Rent expense 12,000 Selling and administrative expenses 8,000 Note: Early in 2017, the owner invested $1,000 cash in the business. Required: Prepare a year-end statement of owner’s equity for Armani Company. Hint: Notice the owner invested $1,000 cash during the year.1. Prepare the 2017 year-end income statement for Armani Company. 2. Use the information in Problem 1-3A to prepare a year-end statement of retained earnings for Armani Company Problem 1-4A Preparing a statement of retained earnings P2 Problem 1-5A Preparing a balance sheet P2 3. Use the information in Problem 1-3A to prepare a year-end balance sheet for Armani Company.
What is the term for the time at which maximum levels of petroleum extraction are reached?a. Doomsday b. Peak energy c. Peak oil d. Zero production growth
Which term is used to describe what those in one country buy from those in other countries?a. exportsb. importsc. tradesurplus
What are real estate investment trust and why might they appeal to investors?
Which of the following accounts does cash-basis accounting ignore? Select one:a. Revenue b. Cash c. Expenses d. Payables

According to the video, what are some qualities that Special Education Teachers need? Check all that apply. driving skills art skills communication skills patience responsibility O dominance

Answers

Answer:

3,4,5 hope this help:)

Explanation:

Answer:

c, d, e

Explanation:

yeet

Which of the following is a characteristic of a monopoly?a. no barriers to entry
c. it is always government owned
b. a single buyer
d. a single seller

Answers

d. Single seller - In a monopoly one seller produces all of the output for a good or service. The entire market is served by a single firm. For practical purposes the firm is the same as the industry.

Final answer:

A monopoly is characterized by having a single seller in the market with no competition due to barriers to entry and substantial control over prices and supply.

Explanation:

A characteristic of a monopoly is that there is a single seller operating in the market. In other words, one company completely dominates the market without any competition due to barriers to entry. These barriers may be legal, technological, or based on the resource control. Monopolies don't always have to be government owned, although some can be. The key focus is on the lack of alternatives for consumers, which gives the monopolistic firm significant power over prices and supply.

Learn more about Monopoly here:

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Tom Tom LLC purchased a rental house and land during the current year for $150,000. The purchase price was allocated as follows: $100,000 to the building and $50,000 to the land. The property was placed in service on May 22. Calculate Tom Tom's maximum depreciation for this first year:

Answers

Answer:

2273

Explanation:

In this question, we are asked to calculate Tom Tom’s maximum depreciation for this first year.

The term maximum depreciation is accounting principle talks about to what extent has the value of an asset been used.

To calculate his maximum depreciation, we need to be conversant with some conventions. The mid-month convention is what we need to understand here. What the convention assumes is that an asset which is placed into service during a given month is assumed to have been placed into

Such service at the middle of such month in question. Also, it is also assumed that disposing an asset at the beginning of one month or any other time of the month is same as disposing the said asset at the middle of the month. This is what the mid month convention is talking about.

It must also be noted that Residential property has a 27.5-year recovery period. The depreciation is thus $2,273 ($100,000 x 2.273%). This gives us the value of the maximum depreciation

All economies must decide what to produce. Which of the following says the same thing, but does so more completely?Select one of the options below as your answer:
A. All economies must decide how to help firms to maximize their profits.
B. All economies should be fair to all people.
C. All economies seek to make their rich people even richer.
D. All economies must determine how to allocate their scarce resources

Can someone explain this one for me

Answers

A is false, because the main phrase does not narrow down the statement to firms only.
B is false, because the main phrase does not imply anything about fairness.
C is false, because the main phrase does not make any distinction between rich people and poor people.
D is true , because it says the same thing as the main phrase, but also points out scarcity of resources as the main factor which forces us to make decisions. If resources were unlimited, there would be no need to make this decision.

A period of economic stability began in the 1980s. In 2001, prices began to increase. In 2007, an economic crisis caused prices to fall. Which of these dates would be considered the peak of this cycle?

Answers

The right answer for the question that is being asked and shown above is that: "Year 2006." A period of economic stability began in the 1980s. In 2001, prices began to increase. In 2007, an economic crisis caused prices to fall. The date that would be considered the peak of this cycle is that Year 2006

Answer:

The correct answer is D. 2007.

Mellow Co. depreciates a $12,000 asset over five years, using the straight-line method with no salvage value. At the beginning of the fifth year, it is determined that the asset will last another four years. What amount should Mellow report as depreciation expense for year five?