Why is it important to monitor your debt level?
A) So it does not become so high that you cannot cover the monthly payments
B) So that you maintain a liquidity ratio of at least 2.5
C) In order to qualify for another credit card to capture the introductory points
D) So that your total debt does not exceed your annual income
Answer: A
You might also like to view...
Chatelain Company is preparing its budget for the third quarter
The cash balance on June 30 was $32,000. Additional budgeted data are provided here: Jul Aug Sep Cash collections $53,000 $51,000 $53,000 Cash payments Purchases of direct materials 20,000 26,000 22,000 Operating expenses 23,000 33,000 22,000 Capital expenditures 14,000 8,000 15,000 What amount should be shown in the cash budget for the cash balance at the end of July? A) -$25,000 B) $28,000 C) -$4,000 D) $85,000
________ is a type of trademark dilution where a famous mark is linked to products of inferior quality or is portrayed in an unflattering, immoral, or reprehensible context likely to evoke negative beliefs about the mark's owner
A) Blurring B) Tarnishment C) Trolling D) Astroturfing