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Umnica [9.8K]
1 year ago
6

Shannon, who has a job and no dependents, has two credit cards she uses for food and entertainment. All card balances are close

to the limit. What could be the best action for Shannon to take next? (5 points)
Request an extension of credit to her credit card company.

Pay off all her balances within the payment cycle.

Apply for a new credit card to increase her credit limit.

Cancel all her credit cards.
Business
1 answer:
IgorC [24]1 year ago
7 0

Answer:

Pay off all her balances within the payment cycle.

Explanation:

The other answers don't make sense.

You might be interested in
Sebastian decides to open a tree farm. When deciding to open his own business, he turned down two separate job offers of $25,000
Umnica [9.8K]

Answer: C. Sebastian's economic profit is $4,000, and his accounting profit is $34,600.

Explanation:

Total Revenue = $50,000

Purchase of supplies = $15,000

Loan = $20,000 at 2% interest

Personal saving withdrawal = $20,000

Interest on personal savings = 3%

Accounting profit = Revenue - Expenses

Revenue = $50,000

Expenses = purchase in supplies + interest in loan

Expenses = $15,000 + (0.02 × 20,000)

Expenses = $15,000 + $400 = $15,400

Accounting profit = $50,000 - $15,400 = $36,600

Economic Profit = Accounting profit - Opportunity cost

Here best opportunity foregone = $30,000

Interest forgone on personal saving= $20,000 X 0.03 = $600

Total opportunity cost = $30,000 +$600 = $30,600

Thus Economic Profit = $34,600 - $30,600

= $4,000

7 0
1 year ago
The shoe company TOMS gives a pair of shoes to a needy child for every pair that it sells. This is an example of a company which
slega [8]

Answer: Corporate Social Responsibility

Explanation:

 The corporate social responsibility is one of the type business model that supporting the various types applications which is ethically oriented and it also manage all the functions in an organization.

The main objective of the corporate social responsibility is that it helps in boost the morale of an employee and also helps in increase productivity of the company.

According to the given question, the shoes firm TOMS denote the shoes to the needy children and this is one of the example of the corporate social responsibility in an organization.

Therefore, Corporate Social Responsibility is the correct answer.        

7 0
2 years ago
The last dividend on Spirex Corporation's common stock was $4.00, and the expected growth rate is 10 percent. If you require a r
grandymaker [24]

Answer:

$44

Explanation:

Data provided in the question:

Dividend on Spirex Corporation's common stock = $4.00

Expected growth rate, g = 10%

Required rate of return, r = 20%

Now,

Price willing to pay = \frac{\textup{D1}}{\textup{r - g}}

here,

D1 = dividend at end of year

or

D1 = $4 × (1 + r )

or

D1 = $4 × ( 1 + 0.1 )

or

D1 = $4.4

Thus,

Price willing to pay = \frac{\textup{4.4}}{\textup{0.2 - 0.1}}

or

Price willing to pay = $44

4 0
1 year ago
Toni makes apple pies for the local bakery. When Toni works with an assistant, she produces 60% more apple pies and works 20% fe
lions [1.4K]

Answer:

200 % is the answer.

Explanation:

Toni makes x be apple pies .

and Jane works for y hours.

therefore, he makes x apple pies in y hours

which implies he makes \frac{x}{y} apple pies per hour  

Now with help of an assistant:  

Toni  makes 60% more  apple pies  i.e. x + 0.6x = 1.6x  apple pies

works 20% less i.e. y - 0.2y = 0.8y hours

therefore, now together they make 1.6x/0.8y apple pies per hour \frac{\frac{1.6x}{0.8y} }{\frac{x}{y} } X 100

simplifying we get

200

Hence % increase in output PER HOUR is 200.

6 0
2 years ago
Read 2 more answers
According to information in the Washington Post article "The retirement costs that are rising faster than Social Security benefi
irina [24]

Answer:

43%

Explanation:

See attached picture for explanation.

8 0
2 years ago
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