What two types of debt are most common for Millennials? How does this compare to Baby Boomers and Generation X?

Answers

Answer 1

The two types of debt that are common in millennials is credit card debt and loan debt.

This can be compare to baby boomers and generation x because about 60% of millennials in debt are student loans, while about 43% of debt are Gen Xers and roughly 18% of debt are baby boomers.

What is debt?

Debt refer to an amount of money or things that is borrowed by someone from another person.

Debt is something a person owed.

Credit card debt refer to when a client use his card system to borrowed money or purchased something he did not pay for.

Loan debt is the amount of money owed by a student.

Therefore, The two types of debt that are common in millennials is credit card debt and loan debt.

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Related Questions

4. A stage in the policy process which requires building support to make sure the policy is
made acceptable to both the legislatures and the public may be described as
b. Institutionalization
6. Formulation
d. Implementation
e. None of the above

Answers

Answer:

d. Implementation

Explanation:

Hope it help correct me if I am wrong

Having the skill to coordinate different people and different tasks to work towards one goal is necessary for one of the following positions.

A: Secretary
B: Engineer
C: Manager

Answers

Answer:

C. Manager

Explanation:

Makes the most sense to me. You have to know how to deal with people and assign tasks to get the job done. Sounds like every manager i know.

Discuss the resources you would need to start your business as entrepreneurs.

Answers

Answer:

The resources you need to start a business can be broken into five broad categories: financial, human, educational, emotional and physical resources.

Financial Resources:

Human Resources:

Educational Resources:

Physical Resources:

Answer:

1 The availability of items

Project: Look Up a Treaty
As the chief author of this project, you get to decide what kind of treaty you would like to investigate and describe.

First, look up a treaty via the Internet or a book, cite your source, and answer the following quesions in a report of at least 750 words:

Define a treaty.
Is the treaty you have chosen bilateral or multilateral? Which countries are parties to this treaty?
When was the treaty "done" and when did it "enter into force"?
What is the purpose of the treaty?
Why did you select this particular treaty?
What did you learn from this treaty?
Did you acquire any new terms from the language of the treaty?

Answers

A treaty is an agreement between two or more groups in which the conditions for reaching an agreement on an issue are discussed.

What is a treaty?

An international treaty is a set of international norms and laws, which bind and oblige the States that sign it.

An example of a treaty is the free trade treaty between the United States and Colombia.

What characteristics does this treaty have?

It is a multilateral treaty because both parties (government of Colombia and government of the United States) negotiated the terms and conditions of the treaty.

This treaty was approved on October 12, 2011 by the United States Congress and entered into force on May 15, 2012.

The main objective of this treaty is to establish the legal framework for free trade between these two countries.

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Tinsley Plastics manufactures plastic bottles used for beverages and household cleaners. The average net book value (NBV) of assets during the quarter is estimated as $510,000. If the required rate of return is 12% on average assets and the firm wants to have residual income (RI) of $101,000 for this quarter, what must its profits be?

Answers

The profits of the Tinsley Plastics to manufactures plastic bottles is $162,000.

What is profit?

A profit is defined as the monetary profit. It is particularly the difference between the amount earned, and the amount spent on purchasing, operating, or creating anything.


The formula of profit is:

[tex]\text{Profits} =\text{ NBV} *\times \text{Required Rate of Return + Residual Income (RI)}[/tex]

Computation of profit:

According to the given information,

Net Book Value (NBV) =  $510,000,

Rate of Return = 12%

Residual Income (RI) = $101,000

Now, apply the given values in the formal of profit,

[tex]\text{Profits} =\text{ NBV} *\times \text{Required Rate of Return + Residual Income (RI)}\\\\\text{Profits} = \$510,000 \times 12\% + \$101,000\\\\\text{Profits} =\$162,000[/tex]

Therefore, the firm's profits must be $162,000.

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Taxes that include Social Security and Medicare withholdings.

Answers

FICA tax includes a 6.2% of social security and 1.45% Medicare tax on earnings.

When evaluating your professional interests, what question should you ask yourself?

How important are working environments, colleagues, and job stimulation to me?
How well do I know the required software packages?
Should I apply online or in person?

Answers

When evaluating ones proffessional interest the question to ask should related to profession growth. the answer is B. How well do I know the required software packages?

What is Professional Interests?

A professional interest is a statement that clearly descibes what skills and tools are needed to foster career growth.

In summary, it also include a statement of one ones future objectives.

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ecord the transactions in the accounting equation for Year 2. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table.

As of December 31, Year 2, determine the total amount of assets, liabilities, and stockholders’ equity and present this information in the form of an accounting equation.

What is the amount of total assets, liabilities, and stockholders’ equity as of January 1, Year 3?

Answers

Answer:

BETTER CORP.

Event        Assets   =    Liabilities    +   Stockholders’ Equity   Accounting Titles

                                                                                              for Retained

                                                                                                Earnings

                 Cash   +   Land   =   Notes    +  Common   + Retained

                                             Payable      Stock          Earnings

Balance

1/1/Yr 1      20,000     30,000     13,000       8,000      29,000

1.              (10,000)    10,000

2.             35,000                                   35,000

3.             74,000                                                      74,000 Service Revenue

4.            (41,000)                                                     (41,000) Operating exp.

5.            20,000                    20,000

6.            (10,000)                                                     (10,000)

7.                             N/A                                              N/A       N/A

b. Balance 31/12

Yr 2     88,000 +  40,000 = 33,000  + 43,000 +  52,000

c. The amount of total assets as of January 1, Year 3 = $128,000; liabilities = $33,000; and stockholders' equity = $95,000.

Explanation:

The accounting equation states that total assets are equal to total liabilities and stockholders' equity.  This equation gives accounting two sides to every transaction.  This is known as the double-entry system of accounting.  And the two sides are always in agreement before and after each transaction.  The equation also implies that an entity's assets are funded by the creditors and the owners (stockholders).

What will help a person with power of attorney make good decisions?
A.Knowing why they were chosen to have power of attorney
B.Knowing how to set up a trust
C.Understanding the health care process
D.Understanding how to care for your family

Answers

An understanding of how to take care of his/ her family members will enable a person to make good decisions on his /her power of attorney.

Option D is the correct answer.

What is a power of attorney?

The power of attorney is a kind of legal document where an individual handover his/her decision-making power to another trusted person.  It is also known as will.

In the power of attorney or will, the senior-most member of the family will designate all his powers relating to decision-making to his son or daughter or guardian, if he doesn't have his own child. It also involves taking care of all assets or properties of him at the time of his death or when he is not physically able to handle all of their routine matters.

Therefore, the power of attorney helps an individual to take care of his/her family by making good decisions.

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Which of the following best practices should you employ when bagging?
(select all that apply)
Do not start bagging before sizing up the order
Do not force items down the side of the bag
Do not double-bag unless requested by the customer
Do not overload the bag with heavy items
Do not place chemicals and food in the same bag
Do not place like products together

Answers

Do not place chemicals and food in the same bag

The  best practices should you employ when bag packaging are

Do not overload the bag with heavy items.Do not force items down the side of the bagDo not place chemicals and food in the same bag.What is bag packaging?

Bag packaging is referred to as packaging something in bags. The person who puts groceries or purchased materials into a bag on the demand of the buyer is called a bag packer.

When bag packaging the material into the bag it is the responsibility of the bagger who packs the groceries that differentiates products like food-based and chemical based in order to protect them from spoiling.

The bag packer should not overload the bag as it creates the fear of tearing which may destroy the items purchased by the buyer and can face a huge loss and also can not forcefully put the items in the bag downside.

Food can be harmed by a number of causes, and chemical principles can be used in various ways to change the taste and look.

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(50 POINTS!) There is a country that naturally grows the most bananas, but it can't efficiently produce and distribute those bananas throughout the global market. However, a country that not only can grow bananas, but also has the infrastructure to process and distribute them, has the _______________. Why?


A. absolute advantage. This is because it has a lower opportunity cost to begin exporting bananas.

B. comparative advantage. This is because it has a lower opportunity cost to begin exporting bananas.

C. comparative advantage. This is because the nation imports less than the other.

D. ability to export. This is because the nation imports less than the other.

Answers

the answer to this question is b

Product A - proposed lavender ice cream
Product B - competitor ice cream
Survey Results
Question Results Scale
How much did you like Product A? 3.2 1-5
How much did you like Product B? 3.9 1-5
Did you prefer Product A? 40% Out of 100%
Did you prefer Product B? 60% Out of 100%
How would you rate the taste of Product A? 5.1 1-7
How would you rate the design of Product A? 2.9 1-7
How would you rate the boldness of Product A? 4.2 1-7
How would you rate the smell of Product A? 6.0 1-7
Would you buy Product A if it was available in the store? Yes = 25% Yes / No
How often would you buy Product A if it was available in the store? Every 2 weeks Daily, Weekly, Quarterly, Annually
Answer the following questions:
Which of the two products did the participants prefer based on the indicators above?

Answers

Based on the indicators above, especially the preference of products by consumers, participants preferred Product B (60%) to Product A (40%).

What is a brand preference?

Brand preference refers to the choice of a specific company's brand (product or service) when compared with other, equally priced, and available brand (product or service) options.

Typically, brand preference reflects:

Customer loyaltySuccessful marketing tacticsBrand strengths.

Data and Calculations:

Question                                                              Results     Scale

How much did you like Product A?                        3.2         1-5

How much did you like Product B?                        3.9         1-5

Did you prefer Product A?                                     40%       100%

Did you prefer Product B?                                     60%       100%

How would you rate the taste of Product A?         5.1         1-7

How would you rate the design of Product A?     2.9         1-7

How would you rate the boldness of Product A? 4.2         1-7

How would you rate the smell of Product A?       6.0         1-7

Would you buy Product A if it was

available in the store? Yes =                               25%       Yes / No

Thus, based on the indicators above, especially the preference of products by consumers, the survey participants preferred Product B (60%).

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What are the six categories of business products?

Answers

Answer:

raw materials, process materials, component parts, major equipment, office equipment and supplies, and business services.

Explanation:

your welcome

What is a limited liability company (LLC)?

Answers

Answer:

A limited liability company is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

hope it help :)

Which legal system relies upon principles or rules of law that were
developed from court decisions?

Answers

Answer:

Common Law

Explanation;

Common Law relies upon judicial principles of law of former court decisions.

What should be included in a financial plan to protect assets?
a. how much money you will make
3 b. how much money you will have in savings
C.
how much money you will invest
d. how much insurance you will carry
Please select the best answer from the choices provided
OA
OB
O C
OD

Answers

Answer:

I think it's D

Explanation:

how much insurance you carry. hope this helps!

Analyze various methods of conducting Internet research.
1. Magda is on a wellness committee at her company. As a member of the committee, she is planning to give a presentation to her coworkers about the flu in
preparation for the upcoming cold and flu season. She wants to do some research on the history, diagnosis, and treatment of the flu.
a) Help her identify some effective keyword and Boolean search strategies by filling out the table below. (5 points)
Strategy What It Does Example
Quotation Marks

“flu vaccines”
Plus sign ( + )

flu+vaccine+history
Pipe symbol (|)

flu vaccine|antibiotics
OR

flu vaccine OR antibiotics
NOT

flu vaccine NOT availability

b) Magda was able to find the following sources when she searched "flu diagnosis" using her favorite search engine: Help her determine whether these sources are accurate, relevant, and valid by filling out the table below. (9 points)
Accurate? Relevant? Valid?
First website

Second website

Third website

Synthesize (16 points)
Apply methods of effective Internet search strategies.
Use your favorite search engine to research one of topics below.
• Renewable energy
• The Ebola virus
• The Human Genome Project
1. List the keywords you typed in to your search engine. Then list the first three results. (3 points)

2. Now, use a different search engine and type in the same keyword. Did you get the same results as your first search? List the first three results from this search. (3 points)

3. You would like to narrow your search on this topic.
a) You want to look for information on this topic's history, but you don't want to include any information that pre-dates 1975. What Boolean operator would you use? (2 points)

b) You want to look up information on this topic as it relates to the U.S. government. What Boolean operator would you use? (2 points)

4. From all of your cumulative search results, list three reliable sources that you've found.
a) Cite these sources in MLA format. (3 points)

b) How can you confirm that these sites provide information that is accurate, relevant, and valid? (3 points)

Answers

An effective Boolean search strategy that Magda should adopt is the use of Boolean operators and emboldened keywords.

What is an Internet research?

An Internet research can be defined as a reearch methodology that involves the use of information that obtained from the World Wide Web (WWW) to investigate, analyze and reach a logical conclusion on a subject matter (topic).

The various methods of conducting Internet research.

Generally, there are different methods used by researchers to conduct an Internet research and these include:

Cyber-ethnography.Social network analysis.Online content analysis.Web-based experiments.Online interviews.Online questionnaires.Online qualitative research.

In conclusion, an effective Boolean search strategy that Magda should adopt is the use of Boolean operators such as "Or" and "AND" so as to broaden the search results about flu.

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what does journalism have you do

Answers

Answer:

yas

Explanation:

After confirming that Mr. Boria's son is a new patient and that he is covered by Blue Cross/Blue Shield, what should you ask the patient?

A. Which Blue Cross Blue Shield plan is your son covered by, Mr. Boria?
B. When would you like to come in, Mr. Boria?
C. Has your son been seen in this office before, Mr. Boria?

Answers

Answer:

Option A

Explanation:

See

Mrborias son is convered already by blue cross or blue shield,we know that

So

we should ask what blue shield his son has been convered rather than when they come to achieve.

Option A is correct

The foundation for all of the functions of management is

Answers

Answer:Planning is the foundation on which all other managerial functions rest.

Explanation:

Discusses a company's four Ps: product, price, place, and promotion in-depth. Which is the correct answer?

Question 24 options:

The marketing mix


Strategies and tactics


Budget


Offer or message

Answers

The marketing mix is the four P's of the company, which include product, place, price, and promotion. The four P's are the strategies developed by the company prior to the release of its products into the market.

What is marketing mix?

The four factors of the marketing mix are the main components that define the success or failure of any good or service.

It is decided by keeping in mind the internal and external factors of the business, like the competitors, resources, targeted customers, and substitute goods.

Thus, option A, marketing mix is the correct option.

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In which type of bailment does the bailee have the highest
standard of care?
A. Bailment for benefit of consideration
B. Bailments for the benefit of bailor and bailee
O C. Bailment for the sole benefit of the bailor
O D. Bailments for the sole benefit of the bailee

Answers

Answer:

D. Bailments for the sole benefit of the bailee.

Explanation:

i got it right:)

As secretaries are often the first point of contact that people meet in a business, what type of skills do they need to develop in order to make a good first impression?

A: People skills
B: Shared skills
C: Technical skills

Answers

I believe it’s A: People skills.

Question 3

Total expenditure equals price times elasticity?
True or False

Answers

True but I am not sure

Simon is a manager in a manufacturing unit. He grades the inventory according to the products’ level of importance while storing them. Which technique of controlling inventory costs does Simon follow?

A : just in time

B: maintaining safety stock

C: ABC classification

D: following economic order quantity

Answers

Answer:

C: ABC classification

Explanation:

i took the test on edmentum / plato

QUESTION 70 at does this symbol stand for, and where are some likely places that will you find it​

Answers

Answer:

cant see it im a little concerned

Tim bought 3 shirts. Each cost $12 originally, but they were on sale for 20% off.
The sales tax rate where he lives is 5%. How much did he spend altogether

Answers

.................................

Explanation:

30.24

The amount spent by Tim on shirts is $30.24.

What is the sales tax rate?

A sales tax is a fee that is paid to the government when specified products and services are sold. Typically, laws permit the vendor to charge the customer the tax at the time of purchase. Use taxes are often used to describe taxes on goods and services that consumers pay directly to a governing authority.

According to the question, the Cost of each shirt is $12, and 20% off on the sale of the shirt.

The amount spent on the shirt is computed as,

The discount amount for the shirt = 36 - 36 × 20÷100

                                                       = 36 - 7.2

                                                       = $28.8

Amount to be spent = 28.8 + 5 ÷100×28.8

                                  = 28.8+1.44

                                  = 30.24

Therefore, it can be concluded that the amount spent by Tim on shirts is $30.24.

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What is a “naming rights” sponsorship?

Answers

Answer:

Naming rights are like a long-term advertisement.You sell a sponsor the right to their name being put on a building, often a sports arena. Then your sponsor's name could become the next Gillette Stadium or Wells Fargo Center.

The financial statements of Burnaby Mountain Trading Company are shown below.
Income Statement 2017
Sales $ 7,000,000 Cost of Goods Sold 5,000,000 Gross Profit $ 2,000,000 Selling and Administrative Expenses 1,700,000 EBIT $ 300,000 Interest Expense 50,000 Income before Tax $ 250,000 Taxes 100,000 Net Income $ 150,000 Burnaby Mountain Trading Company
Comparative Balance Sheets
2017 2016
Cash $ 90,000 $ 80,000 Accounts Receivable 810,000 800,000 Inventory 800,000 720,000 Total Current Assets 1,700,000 1,600,000 Fixed Assets 2,600,000 2,400,000 Total Assets $ 4,300,000 4,000,000 Accounts Payable $500,000 400,000 Bank Loans 100,000 100,000 Total Current Liabilities 600,000 500,000 Long-term Bonds 400,000 300,000 Total Liabilities $ 1,000,000 $800,000 Common Stock (200,000 shares) 500,000 500,000 Retainded Earnings 2,800,000 2,700,000 Total Equity $ 3,300,000 3,200,000 Total Liabilities and Equity 4,300,000 4,000,000 Note: The common shares are trading in the stock market for $27 each.
Refer to the financial statements of Burnaby Mountain Trading Company. The firm's P/E ratio for 2017 is _________.

Answers

Based on the financial information of Burnaby Mountain Trading Company, the P/E ratio for 2017 is $36.

What is the P/E Ratio for Burnaby in 2017?

First find the earnings per share:

= Net income / Number of shares at end of 2017

= 150,000 / 200,000

= $0.75

Then find the P/E ratio:

= Market value per share / Earnings per share

= 27 / 0.75

= $36

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1. Legal Reasoning Fact Scenario V:
Rapunzel, who lives in Massachusetts, works in research and development for Tower Corporation at one of the company's facilities in Massachusetts. Tower Corporation is a hair products company whose headquarters is in Connecticut and whose primary state of incorporation is Delaware. Recently, she applied for a promotion, but the position was awarded to Rumpelstiltskin, a man from another department with much less experience and fewer qualifications. Rapunzel is very disappointed and is upset because she has noticed a pattern and practice of discrimination on the basis of gender at Tower and she decides to sue Tower Corporation based on Title VII of the Civil Rights Act of 1964 (a Federal statute) and Mass. Gen. Laws Ann. ch. 151B, §1 et al. (a Massachusetts statute.) After exhausting her administrative remedies, as is required by the statutes, she decides to proceed in court.
Fact Scenario V: Question V1:
This case involves
a. only a state discrimination claim.
b. only a federal discrimination claim.
c. both a state and a federal discrimination claim.
d. neither a state nor a federal discrimination claim.
2. Refer to Legal Reasoning Fact Scenario V: Question V2:
Which of the following must be considered in order to determine in which court Rapunzel can file her claim?
Whether the case can be tried in federal court and which courts have personal jurisdiction over Rapunzel.
Whether the case can be tried in federal court, only.
Which courts have personal jurisdiction, only.
A substantive analysis of gender discrimination laws at both the state and federal level.

Answers

The given case involves c. both a state and a federal discrimination claim.

What is a Discrimination Claim?

This refers to the allegations that are leveled by an employee against his employer about job discrimination based on factors such as immigration status, national origin, etc.

Hence, we can see that in a discrimination claim, if the laws are the same, then a judge can make a decision and apply it to both federal and state claims.

With this in mind, we can see that because Rapunzel who lives in Massachusetts files a discrimination claim against her employer, this is both a federal and state claim because it happened in Massachusetts and she had exhausted her administrative remedies.

This leads to the consideration of the courts to file her claim as this can be arrived at based on the question of A. whether the case can be tried in federal court and which courts have personal jurisdiction over Rapunzel.

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Other Questions
Read the passage. Recently, in the waning dark hours just before dawn, the mother raccoon clambered up the side of the tree, where she proceeded to chew a hole in the trunk. The next evening, she moved into the tree with her two cubs. Which section of the passage is a dependent clause?in the waning dark hours just before dawnthe mother raccoon clambered up the side of the treewhere she proceeded to chew a hole in the trunkshe moved into the tree with her two cubs fill in the blanks1 made by an electrode, selected at random, chosen by a user2 works by recognizing, succeeds by deleting, starts by summarizing 3 opening a device, placing a phone call, sending a text Instructions: The following is the recorded earthquakes on South Carolina from August, 2016 to February, 2017. Use the data to find the residuals. Then draw a residual plot by hand. Use the residual plot to determine if the linear model is the best regression model for this data. Magnitude Depth (km. )[Table]1. 7 2. 91. 1 0. 81. 4 1. 90. 7 3. 20. 8 4. 31. 9 41. 7 6. 31. 9 6. 91. 9 0. 91. 1 2Source: USGSx Residual (Round to nearest tenth)1. 7 Answer1. 1 Answer1. 4 Answer0. 7 Answer0. 8 Answer1. 9 Answer1. 7 Answer1. 9 Answer1. 9 Answer1. 1 Answer Find the surface area of each figure. Round your answers to the nearest tenth, if necessary. The digital era and social media have caused major problems for businesses, including security breaches and ______. Help me I need now plese hello people~A conductor with a positive charge(a) is always at +ve potential.(b) is always at zero potential.(c) is always at negative potential.(d) may be at +ve, zero or -ve potential. what is known as personification? Need help with this fast Which of the following best describes Muhammad's first revelation? OA. He awoke from sleep one day in the presence of an angel who told him to share the messages of Allah. . He traveled to Mecca, where gods and goddesses were worshiped, and was drawn to a supreme god, one he called Allah. OC. He attended a public meeting held by many preachers of Christianity and Judaism and felt a strong spiritual presence tap him on the shoulder. OD. He was studying religious texts when an angel appeared from the pages and spoke to him about his need to teach others about Allah. Question is in image below. the quotient of x miles and 8 hours is 55 miles per hour Gossip during work is ______. a. unavoidable b. entertaining c. distasteful d. proper please select the best answer from the choices provided a b c d Can yall help me with this math mother and mother land are superior to the heaven .justify two thin lenses of focal length 10cm and 20cm are placed in contract calculate the effective power of the combination Find the area of this triangle, round to the nearest tenth An employees weekly salary can be calculated using the linear model y = 0. 25 x + 225. 23 where x represents the employees sales, in dollars. How much does the employee make if he or she does NOT sell any clothes during the week?A: $0.00B: $0.25C: $225.23D: $225.48NO COMMENTS OR SILLY COMMENTS Melissa has a student dictionary on her desk. Her dictionary contains 99 pages. In this dictionary, more words start with the letter "S" than any other letter, occupying 11 full pages.If she opens up the dictionary at random, what is the probability that the page contains words starting with "S"? 7. The perimeter of a right triangle is 60 cm and its hypotenuse is 25 cm. Find the area of the triangle.