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Po. 379 #1* 1 Which of the following represents financially responsible actions? L Spending within your means II. Payingminimum creditcard paymentseach month

Po. 379 #1* 1 Which of the following represents financially responsible actions? L Spending within your means II. Payingminimum creditcard paymentseach month

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required PO. 379 #1* 1 Which of the following represents financially responsible actions? L Spending within your means IL. Paying minimum credit.card paymentseach month III. Paying yourself first IV. Spending money according to budget A land IV only B I, I, and IV only C l and Il only D IV only D.
Transcribed Image Text:Required PO. 379 #1* 1 Which of the following represents financially responsible actions? L Spending within your means IL. Paying minimum credit.card paymentseach month III. Paying yourself first IV. Spending money according to budget A land IV only B I, I, and IV only C l and Il only D IV only D.
#2 2 Dakota asks Taylor to go to a professional tennis match. The trip costs approximately $2,000. Taylor has $1,500 In the bank, but Dakota wants him to use a credit card for the remaining $500. Taylor agrees to use a credit card to pay. Which is a possible cost for his financial irresponsibility? F Taylor depletes his emergency fund for unexpected expenses. G Taylor pays finance charges each month the credit card balance is not paid in full. H Taylor is unable to pay one of his bills after the trip. J All of the above #31 O 0 0 0
Transcribed Image Text:#2 2 Dakota asks Taylor to go to a professional tennis match. The trip costs approximately $2,000. Taylor has $1,500 In the bank, but Dakota wants him to use a credit card for the remaining $500. Taylor agrees to use a credit card to pay. Which is a possible cost for his financial irresponsibility? F Taylor depletes his emergency fund for unexpected expenses. G Taylor pays finance charges each month the credit card balance is not paid in full. H Taylor is unable to pay one of his bills after the trip. J All of the above #31 O 0 0 0
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