Most likely, Jerome is
Jerome has three major credit cards and makes payments on them each month. He has had one of them for six years, another for three years, and the last for eleven months. Making just the minimum payment has become automatic at this point, and Jerome barely even looks at the statements. Jerome is beginning to think that his approach to credit may be faulty, and he wants to find out how to adjust it. He just applied for two additional credit cards.
A) unaware of how much of his payments go toward interest.
B) not getting the benefits of a grace period.
C) obligating his future income.
D) All of the above are correct.
Answer: D
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A firm is trying to determine if it should launch a product. The product has an expected life of three years. It will bring in cash flows of $10,000 in the first year, $11,000 in the second year, and $8,000 in the third year. The company estimates that it will invest $20,000 in product research and development costs. What is the estimated IRR for this product? Choose the IRR value that is closest to the amount invested.
a. 12% b. 22% c. 32% d. 42%
Discuss the creation of a marketing plan. What are the major components of a marketing plan?
What will be an ideal response?
Suppose the current exchange rates are 1.3215 dollars per euro, and 84.19 yen per dollar. What is
the current exchange rate between yen and euros? A) 111.257 yen per euro B) 151.696 yen per euro C) 147.571 yen per euro D) 86.356 yen per euro
According to Michael Porter, a focus strategy can erode when
A. the strategy is protected. B. the target segment's differences from other segments narrow. C. new firms reconstruct the industry. D. demand for the product grows and thus attracts new competitors.