If your credit card limit is $15,000 and lenders like to see you using no more than

Question:

If your credit card limit is $15,000 and lenders like to see you using no more than 30% of your available credit, what is the most you should charge?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Personal Finance Building Your Future

ISBN: 978-0073530659

1st edition

Authors: Robert B. Walker, Kristy P. Walker

See More Books

Question Posted: Apr 18, 2018 09:18 AM

See More Questions

If your credit card calculates interest based on 13.90% APR, compounded monthly, (a) What are your monthly interest rate and annual effective interest rate? (b) If your current outstanding balance is...
In the "All About You" feature, you learned about interest rates charged on credit cards and some of the advantages and disadvantages of credit cards. To get the most from your credit card and to...
In the All About You feature, you learned about interest rates charged on credit cards and some of the advantages and disadvantages of credit cards. To get the most from your credit card and to save...
Scofield Company has the following information for March: Sales ....................$240,000 Variable cost of goods sold ........... 86,400 Fixed manufacturing costs ............ 57,600 Variable...
The following facts apply to Collins, an individual: In February of the current year, Hodge, who had owed a $5,000 personal debt to Collins for the past three years, declared bankruptcy. Collins sold...
Prove the left distributive law for R [x], where R is a ring and x is an indeterminate.
Analyze the costs and benefits associated with renting.
A car initially traveling eastward turns north by traveling in a circular path at uniform speed as in Figure P6.10. The length of the arc ABC is 235 m, and the car completes the turn in 36.0 s. (a)...
Question 1: XYZ Electronics manufactures two large-screen smart television models: the Elite which sells for OMR 2400 and a new model, the Superior, which sells for OMR 2000. Annual production is...
Jones Corporation switched from the LIFO method of costing inventories to the FIFO method at the beginning of 20X1. The LIFO inventory at the end of 20X0 would have been $80,000 higher using FIFO....
Blake and his housemates are excited about their investment club and it has been going well.Leigh is ready to present her recommendation to the group but is hesitant. So far, Brett presented one of...
You have a copay of $25 per clinic visit and a maximum out-of-pocket expense of $500. How many times can you visit the doctor this year before you no longer have to pay the copayment?
What is wrong with this "proof" by strong induction? "Theorem" For every nonnegative integer n, 5n = 0. Basis Step: 5 0 = 0. Inductive Step: Suppose that 5j = 0 for all nonnegative integers j with 0...
Choose a private label product that you have seen and discuss the possible reasons for why the particular retailer introduced this private label product and explain its features in detail.
Understanding your behaviors can help you become a better leader. As discussed in module 4 our beliefs & values can be summed up as our 'personality'. In this assignment you are to examine your own...
This week we learned about assessing competition. Watch the video the History of the Cola Wars and answer the following questions. Using the frameworks from the text and the online lesson, why is...
Prior to developing your training programs, you must analyze your organizational military needs, identify employee skills gaps based on performance, and have resources available to support training...
Describe specifically how your firm's culture lines up with the bullet points listed for that firm . For instance, if you believe your organization's strategy priority is creativity-driven , then...
Factor each trinomial. 2k (5-y)- 7k(5 - y) + 5(5-y)
Starr Co. had sales revenue of $540,000 in 2014. Other items recorded during the year were: Cost of goods sold ..................................................... $330,000 Salaries and wages...
What is the responsibility of the insurance company that sells you a policy? How do insurance companies determine their profits? What is the relationship between insurance company claims and premiums...
What is the purpose of Facility Association? Is it available in all provinces? Why or why not?
What is the definition of disability under the Canada Pension Plan?
Suppose I have computed the cost of carbon per mile for my car at 0 . 0 1 2 per mile. Assume that the interest rate is 4 % and that I drive the car 2 8 , 0 0 0 miles per year. What is the present...
Imagine that in stable growth period, the firm earns ROIC of 10% and has after tax EBIT of 200 and reinvestment $ of 40. What is the steady state growth rate? 20% O 10% 2%
Tanner-UNF Corporation acquired as a long-term investment $160 million of 5.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until...

If your credit card limit is $15,000 and lenders like to see you using no more than

Question:

Step by Step Answer:

Maximum am...View the full answer

Personal Finance Building Your Future

Students also viewed these Business questions