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Veseljchak [2.6K]
2 years ago
14

Why did Tonya's lender most likely deny her credit?

Business
1 answer:
vagabundo [1.1K]2 years ago
3 0

Creditors will decline your request for credit if they see that your income is insufficient to cover your debts.

Lenders will be reluctant to approve a loan if you have a bankruptcy on your credit report since it increases the risk involved.

Thus, Option B is correct.

<h3>Who makes the decision about your credit application?</h3>

Your information is provided to the credit reporting bureau, but the lender ultimately decides whether or not to extend credit.

The best course of action is typically to speak with the lender directly if you require more details especially regarding your denial.

For more information about Credit application refer to the link:

brainly.com/question/21237270

#SPJ1

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The Income Statement for Pumpkin Co. is shown below:
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100000875466555547899977

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2 years ago
How does an organization specify the aspects of performance that are relevant to the organization? select one:
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How does an organization specify the aspects of performance that are relevant to the organization? select one:
c. through performance feedback sessions or
b. by conducting performance appraisals
6 0
3 years ago
Trez Company began operations this year. During this first year, the company produced 100,000 units and sold 80,000 units. The a
hjlf

Answer:

<u>Income statement for the company under variable costing</u>

Sales (80,000 units x $45)                                                             $3,600,000

Less Cost of Sales

Beginning inventory                                                          $0

Cost of goods manufactured (100,000 units x $19) $1,900,000

Cost of good available for sale                                 $1,900,000

Less Ending inventory (20,000 x $19)                      ($380,000) ($1,520,000)

Contribution                                                                                    $2,080,000

Less Period Costs

Fixed Manufacturing  Overhead                                                     ($600,000)

Selling and administrative expenses - Fixed                                 ($400,000)

Selling and administrative expenses - Variable                             ($180,000)

Net Income / (loss)                                                                            $900,000

Explanation:

Under Variable Costing.

1.Product cost = Variable Manufacturing Costs Only

Therefore, Product cost = $4 + $11 + $ 4

                                        = $19

2.Period Cost = Fixed Manufacturing Overheads + Non - Manufacturing Costs

5 0
3 years ago
The aggregate demand curve would shift to the right as a result of A. tax increases. B. a drop in the price level. C. a drop in
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Answer:

. C) a drop in the foreign exchange value of the dollar.

Explanation:

An aggregate demand curve can be regarded as a curve that display total spending that is available

domestic goods/services with respect to their price level. the horizontal axis provide the real GDP while price level is displayed by vertical axis. It should be noted that The aggregate demand curve would shift to the right as a result a drop in the foreign exchange value of the dollar.

6 0
2 years ago
Cyberphone, a manufacturer of cell phone accessories, ended the current year with annual sales (at cost) of $72 million. During
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Answer:

INCREASE IN AVERAGE INVENTORY VALUE REQUIRED = $2.25 million

Explanation:

Inventory turnover will be determined as :

Inventory turnover = Annual sales ( at cost ) / Inventory value

Annual sales this year = $72million

Inventory turnover = 8 times

Therefore , Inventory value of current year = $72/8 =$ 9 MILLION

If annual sales ( at cost ) increases by 25%, Inventory value also has to increase by 25% to maintain the same inventory turnover ratio next year

Therefore , increase in average inventory value required = 25% of $9 million = $2.25 million

INCREASE IN AVERAGE INVENTORY VALUE REQUIRED = $2.25 million

5 0
3 years ago
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