You have 3 accounts: Account A has a $100 balance and a $300 credit limit. Account B has a $100 balance and a $500 credit limit. Account C has a $600 balance and a $1000 credit limit. Considering the debt-to-credit ratio for each account, if you have extra money to pay towards an account, which order should you pay the extra towards to increase your credit score?
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You have 3 accounts:
Account A has a $100 balance and a $300 credit limit.
Account B has a $100 balance and a $500 credit limit.
Account C has a $600 balance and a $1000 credit limit.
Considering the debt-to-credit ratio for each account, if you have extra money to pay towards an account, which order should you pay the extra towards to increase your credit score?
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- You have 3 accounts: Account A has a $100 balance and a $300 credit limit. Account B has a $100 balance and a $500 credit limit. Account C has a $600 balance and a $1000 credit limit. What are your debt-to-credit ratio? Enter your number as a percent and round to 1 decimal place.You have 3 accounts: Account A has a $100 balance and a $300 credit limit. Account B has a $100 balance and a $500 credit limit. Account C has a $600 balance and a $1000 credit limit. What are your total credit limit?You have 1 account: The balance owed is $625 and a $2500 credit limit. What is your debt-to-credit ratio? Enter your number as a percent.
- 1. Your savings account: A. Should contain at least five months' income B. Should have approximately 5% of your paycheck contributed to it each month C. Both Should contain at least five months' income and Should have approximately 5% of your paycheck contributed to it each month D. None of these 2. A(n) ________ is money you owe. A. Bill B. Debt C. Expense D. All of these E. None of these 3. A FICO score: A. Is a common credit rating system B. Is only issued through banks C. Is a type of credit report D. None of theseYou have 1 account: The balance owed is $625 and a $2500 credit limit. What is the maximum you can owe without going over the recommended 30% debt-to-credit ratio?The accounts receivable account for The Orlando Magic has a debit balance of $430,000 and the allowance for uncollectible accounts has a credit balance of $9,000. What is the “net accounts receivable (net realizable value)” that will be shown on the balance sheet for The Orlando Magic?
- You are an investor looking to contribute financially to either company A or Company B. The following, select financial information as follows. Company A and company B, respectively: Beginning Account Receivable $ 50,000, 60,000; Ending Account Receivable $ 80,000, 90,000; Net credit sales $ 550,000, $460,000. Based on the information provided: compute the account receivable turnover ratio. Compute the number of days sales in receivables ratio for both companies A and company B ( round all answers to two decimals places) Interpret the outcomes stating which company you would invest in and why.You have an account with a $1500 credit limit that charges 13.25% interest using the average daily balance method. Assuming a 30-day month, you start with a balance of $350 on Day 1. On Day 5, you charge $100, and you pay $60 on Day 15. What is your average daily balance, assuming charges and payments begin the next day? Round your answer to 2 decimal places and do not include the dollar signHypothetically, Suppose that a monthly net income is $3,340. Your monthly debt payments include your student loan payment and a gas credit card. They total $1,002. What is your debt payments-to-income ratio? I do not know how to enter the answer as a percent rounded to the nearest whole number. please help
- If the note payable has total credits of RO 500 and total debits of RO 120, how much is its balance? a. RO 620 b. RO 500 c. RO 120 d. RO 380The left bank is offering CDs at 5%. The right bank is offering a money market account at 4%. If I have a total of $10,000 to invest in these accounts and want a return (accrued interest) on my money of $436 from both accounts at the end of one year, how much should I put into each account? Fill in below with the information to set up the system of equations: State your answer in complete sentences. $ put into CD account(________) + $ put into money market(_________) = Total $$ invested(__________) CD interest Money(_________) + Money market interest(________)=Total interest(__________)Assume that you start with a balance of $610 on your credit card.During the first month you charge $180 and make a payment of $400. During the second month you charge $100 and make a payment of $280. Assume that your credit card charges a 24% APR. Complete the following take table. Round your answer to the nearest cent. Table 1 month- Previous balance- Finance charge- Purchase- Payments- New balance 2 month- Previous balance- Finance charge- Purchase- Payments- New balance You have a credit card with an APR of 28%. The minimum amount payment is 12% of the balance. Suppose you have a balance of $1050. You decide to stop charging and make only the minimum payment. Complete the table. Round your answers to the nearest cent Table 1 month- Previous balance- Finance charge- Purchase- Payments- New balance 2 month- Previous balance- Finance charge- Purchase- Payments- New balance