Question

Check my consumer math homework please?

Answer 1

Is below the target debt ratio under 50%? Then it would be February assuming you made a payment in January and February. 900/2 = 450 50%
498-75 = 423 under the 50%.

Answer 2

Thank you for reassuring me about that answer... Yes, under 50% is where you want to be for that question.

What do you think about the other questions?

Answer 3

For 1, it is not wise to have too many credit lines, because you may become unaware of all payments that need to be paid and may not have enough funds to cover all. I know that there should be at least one if you wish, so I would believe 1-3 to be correct. Mostly on my opinion, but it seems much more wise than 2-6, which may actually hurt your credit, if you mess up in any way.

Answer 4

I can't find anything in the lesson that talks about credit lines. That was my initial answer too, but when you look up that question most people say it's D.

Answer 5

That's understandable, may be in the reference to a minimum of 2. So, that could be correct in that sense.

Answer 6

Now, number 4 seems to be slightly difficult, but I am comparing the balance due to the limit, and I see Brok has a much closer risk.

Answer 7

The lesson says nothing about ANY of these questions so this has been really frustrating for me.

Answer 8

I checked the ratio for Brok to FIN, and Brok is slightly more. By a 1% difference, greater than FIN's.

Answer 9

I think I'm just going to call the teacher because I'm so frustrated about this lesson. I appreciate the help so far

Answer 10

Of course, anytime!