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2 years ago

What is a credit report? What information does it provide?

1 answer:

4 0

A credit report could be a outline of however you have got handled credit accounts, as well as the categories of accounts and your payment history, also as sure alternative info that is reported to credit bureaus by your lenders and creditors.

Your credit report contains personal info, open-end credit history, credit inquiries and public records. This info is reported by your lenders and creditors to the credit

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Pamela applies for a life insurance policy with forever young insurance company. when completing the application form about past

antoniya [11.8K]

Answer:

win, because Pamela's misrepresentation was not a material fact and did not increase Forever Young's risk in insuring Pamela's life.

Explanation:

A material fact is defined as the rationality of a person making a decision that is important as opposed to one that is trivial or unimportant. It is a fact that if suppressed would have led to a different decision in a particular situation.

Paula will most likely win the case because the lack of disclosure by Pamela of when she had an infected hang-nail removed and her toe treated cannot be linked by a reasonable person to a brain aneurysm.

This lack disclosure would not have increased the risk of Forever Young in Pamela's life insurance.

3 0

3 years ago

Assume that Jones Company has an unadjusted balance in Merchandise Inventory of $100,000. Due to shrinkage, a physical inventory

Liono4ka [1.6K]

The journal entry that is needed to record the needed adjustment is;

Cost of Goods sold: 1,000 debit

Merchandise Inventory: 1,000 credit

When making the journal entry the company needs to adjust for the lower amount of merchandise that they have. Then the cost of the goods that were sold needs to be debited. Lastly, the merchandise inventory is credited.

It is imperative that all companies keep an updated journal. This helps to keep the balances correct. If the company has an audit and the adjustments aren't made correctly they could be fined.

Learn more merchandise inventory at brainly.com/question/13414269

#LearnwithBrainly

6 0

3 years ago

A national polling organization wishes to estimate the percentage of all teenagers who believe social security will 'be there' f

Nutka1998 [239]

Answer:

B) All teenagers.

Explanation:

The population of interest of any survey is the total population that is under study. In this case the population of interest includes all the teenagers in the country.

The 1,500 random sample should represent the total population of teenagers, but it is not the population itself.

5 0

3 years ago

Connie, a single mother and home-business entrepreneur, enjoys running her own business. However, because she is busy balancing

VladimirAG [237]

Connie can best be described as Solo Operator type of entrepreneur.

Explanation:

Connie is a single mother who works from home on her small business which is her primary source of income but is ridden by the work of house and work which makes her unable to expand her business as she cannot invest enough time in it.

This is happening because she is a sole operator as in she has to take all the decisions and do all the work by herself with no additional help from anyone else whatsoever in the family or the work front either.

7 0

3 years ago

A proposed new project has projected sales of $175,000, costs of $93,000, and depreciation of $24,800. The tax rate is 23 percen

allochka39001 [22]

Answer and Explanation:

Sales = $175,000

Less: Cost = $93,000

Gross Profit = $82,000

Less: Depreciation = $24,800

EBT = $57,200

Less: Tax [email protected]% = $13,156

EAT = $44,044

a). OCF = EBIT + Depreciation - Taxes

= $57,200 + $24,800 - $13,156

= $68,844

b). OCF = [(sales - costs - Depreciation) * (1 - T)] + Depreciation

= [($175,000 - $93,000 - $24,800) * (1 - 0.23)] + $24,800

= $68,844

c). OCF = [(sales - costs) * (1 - T)] + [Depreciation * T]

= [($175,000 - $93,000) * (1 - 0.23)] + [$24,800 * 0.23]

= $68,844

d). OCF = Net income + depreciation

= $44,044 + $24,800

= $68,844

6 0

3 years ago