BUSINESS HIGH SCHOOL

The number of individuals who experience credit problems has grown in recent years. What factors have contributed to this growth? What should be done to reduce this societal problem?

Answers

Answer 1
Answer: Inflation is the biggest problem and less source of income.
Part of income should be kept as saving and rest of the income should be used to manage the monthly expenses.
Answer 2
Answer:

A lot of times, credit problems arrive from pleasure shopping. These are things that we don't need, but rather want.


Instead of actually saving and buying something with real money, many people just say 'I'll just put it on credit'. They want it now, not later.


This is a very dangerous path which can lead to a lot of debt. In order to reduce this, proper education will have to be given.


People need to be educated on what they should and shouldn't use credit for.



Related Questions

COLLEGE

Rossdale, inc., had additions to retained earnings for the year just ended of $637,000. The firm paid out $70,000 in cash dividends, and it has ending total equity of $7.32 million. If the company currently has 690,000 shares of common stock outstanding, what are earnings per share? Dividends per share? What is book value per share? (do not round intermediate calculations and round your answers to 2 decimal places, e.G., 32.16.) earnings per share $ dividends per share $ book value per share $ if the stock currently sells for $30.20 per share, what is the market-to-book ratio? The price−earnings ratio? (do not round intermediate calculations and round your answers to 2 decimal places,
e.G., 32.16.) market-to-book ratio times price−earnings ratio times if total sales were $10.62 million, what is the price−sales ratio? (do not round intermediate calculations and round your answer to 2 decimal places,
e.G., 32.16.)

Answers

In order to find Earning per share the below formula will be used:

Earning Per Share=

Earnings Per Share=

Earning Per Share= $0.923

Dividends Per Share=

Dividends Per SHare=

Dividends Per Share=$.10 Per Share

Book Value Per Share=

Book Value Per Share=

Book Value per Share=$10.61

Market to Book Ratio=

Market to Book Ratio=

Market to Book Ratio=2.85

Price Earning Ratio=

Price Earning Ratio=

Price Earning Ratio=32.83

Price to Sales Ratio=

Sales Per Share=

Sales Per Share=$15.39

Price to Sales Ratio=

Price to Sales Ratio=1.96

HIGH SCHOOL

How is smith both praiseworthy and suspicious of businessmen's ability to serve the public good?

Answers

While a great many people imagine that Adam Smith's book, The Wealth of Nations is entirely expert business, it truly is definitely not. It is supportive of free undertaking and of rivalry between organizations, however it doesn't contend that specialists themselves will need to do what is best for society. 
To Smith, specialists do profit society in imperative ways. In particular, they make society wealthier. They do this by collecting capital and putting it to use in the economy.
HIGH SCHOOL

For each scenario, decide whether it creates a producer or a consumer surplus. Then, calculate the ensuing surplus. Alice is willing to spend $ 30 on a pair of jeans, and has a coupon for $ 10 off which she found online. She selects and purchases a pair of jeans which cost $ 35 pre-discount.

Answers

Answer:

Consumer surplus

$5

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good

Consumer surplus = willingness to pay - price of the good.

The price of the good = $35 - $10 = $25

$30 - $25 = $5

Producer surplus is the difference between the price of a good and the least amount sellers would be willing to sell their product.

I hope my answer helps you

HIGH SCHOOL

Consumer surplus arises in a market because: A. at the market price, quantity supplied is greater than quantity demanded
B. at the current market price, quantity demanded is greater than quantity supplied.
C. some consumers are willing to pay more than the equilibrium price but do not need to do so.
D. some consumers are willing to pay less than the equilibrium price but do not need to do so.

Answers

Consumer surplus basically means that what a consumer is willing to pay is more than what they are asked to pay or the perceived benefits of the purchase outweigh the cost of the purchase.

The answer to your question is C that some consumers are willing to pay more than the equilibrium price, but they are not asked to.

COLLEGE

What is the net present value of a project that has an initial cost of $40,000 and produces cash inflows of $8,000 a year for 11 years if the discount rate is 15 percent?

Answers

First find the present value of cash inflows using the formula of
Pv=pmt [(1-(1+r)^(-n))÷r]
Pv=8,000×((1−(1+0.15)^(−11))÷(0.15))
pv=41,869.69

The net present value is
NPV=41,869.69−40,000=1,869.69
MIDDLE SCHOOL

Which costs are paid by the loan application fee?

Answers

Answer:

Credit Check and Administrative costs associated with loan processing is the correct answer.

Answer:

Loan application fees can be required for all types of loans and are intended to pay for the costs of the process of loan approval

Explanation:

COLLEGE

On June 1, 2014, Puell Company acquired 100% of the stock of Sorrell Inc On this date, Puell had Retained Earnings of $100,000 and Sorrell had Retained Earnings of $50,000.On December 31, 2014, Puell had Retained Earnings of $120,000 and Sorrell had Retained Earnings of $60,000. The amount of Retained Earnings that appeared in the December 31, 2014 consolidated balance sheet was

Answers

Answer:

$120,000

Explanation:

Reason: The amount of retained earnings as on 31st December, 2014 in the consolidated balance sheet is $120,000 because, the parent company in the given case is puell co. As it has acquired 100% of the stock. Therefore, as on 31st December 2014 the parents company's retained earnings of $120,000 should appear in the consolidated balance sheet

COLLEGE

Maud, a calendar year taxpayer, is the owner of a sole proprietorship that uses the cash method. On February 1, 2019, she leases an office building to use in her business for $120,000 for an 18-month period. To obtain this favorable lease rate, she pays the $120,000 at the inception of the lease. How much rent expense may Maud deduct on her 2019 tax return? Round any calculations to two decimal places and round the final answer to the nearest dollar.

Answers

Answer:

She can deduct the full $120,000. the answer is $120,000.

Explanation:

Therefore, M is following cash basis of accounting , She can deduct the full $120,000 amount. Under cash system, expenses are recorded when cash is paid irrespective of whether it is accrued or not.

HIGH SCHOOL

You are a manager in a supermarket. One evening, you hear raised voices and see Chuck shouting at a customer, "I’m not going to put the bread in a separate bag! I’m going to put it in the top of this bag so it doesn’t get squashed. That’s good enough!" Because yelling at customers is not allowed, you intervene and take care of the customer, and you ask Chuck to meet you in the office. There you use____________suspending Chuck without pay for the rest of his shift, to try to prevent this behavior from happening again.

Answers

Answer:

punishment

Explanation:

Basically, the manager is trying to change the behavior of his employee, Chuck. In management and organizational psychology, that is often referred to as the reinforcement theory of motivation.

In this example, the manager uses remuneration punishment in order to alter Chuck's noted behavior pattern.

NOTE - This is not to be confused with negative reinforcement, which is also related to the reinforcement theory. Although the term negative may imply some similarities with punishment, negative reinforcement is a different concept. While punishment is directly weakening the unwanted behavior, negative reinforcement is strengthening a desired behavior, by means of removing an unwanted consequence for the employee when he follows the wanted behavior pattern.

For example, a form of negative reinforcement would be if Chuck knew upfront that his pay would be reduced if he yelled at his customers and he avoided yelling in the first place because of that.

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