All categories

2 years ago

Explain what a credit score and a credit report are

Business

1 answer:

Sergio [31]2 years ago

7 0

Explanation:

Credit report is the statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts.

Credit scores are calculated basing on the information in your credit report

You might be interested in

To enhance the control environment, management develops job __________. Multiple Choice duplicates misstatements labelsIncorrect

MArishka [77]

Answer:

descriptions

Explanation:

it makes the sentence complete.

5 0

3 years ago

Salads 'R' Us requires all its franchisees to sign an agreement that they will use napkins and dressings purchased from Salads '

NikAS [45]

Answer:

B) valid as a quality control mechanism for protection of goodwill.

Explanation:

Franchise is a license consisting of a contractual arrangement between a parent company (franchiser or franchisor) and another (franchisee), that allows individuals or an organization access to its knowledge, processes, trademarks in order to provide a service.

One of the main advantages of a franchise is that, franchisers such as Salads 'R' Us do not require additional capital and development expenses to have their businesses being situated in a foreign market or country, as they only required to issue licenses to franchisors who are interested in being part of their business by paying a fee.

The purchasing requirement in this scenario is valid as a quality control mechanism for protection of goodwill because it facilitates and promotes uniformity and quality in all Salads 'R' Us franchise outlets by ensuring that they will use napkins and dressings purchased from them (franchisor).

6 0

3 years ago

In general, reducing the interest rate (i) of a credit card but keeping the present value (PV) and number of periods (n) the sam

Artyom0805 [142]

Answer:

increase the monthly payments

Explanation:

3 0

3 years ago

Horton invests personally owned equipment, which originally cost $110,000 and has accumulated depreciation of $30,000 in the Hor

Zarrin [17]

Answer:

Dr Equipment $60,000

Cr. Horton, capital $60,000

Explanation:

Based on the information given we were told that Both of the partners agree that the fair value of the equipment was the amount of $60,000 which means that The appropiate journal entry made by the partnership to record Horton's investment should be:

Dr Equipment $60,000

Cr. Horton, capital $60,000

6 0

3 years ago

The master budget of Sheridan Company shows that the planned activity level for next year is expected to be 50000 machine hours.

barxatty [35]

Answer:

$1,350,000

Explanation:

Calculation to determine the total manufacturing overhead costs

First step is to calculate the Variable overhead

Variable overhead= $720,000 + $180,000 +$150,000

Variable overhead=$1,050,000

Second step is to calculate Unitary variable overhead

Unitary variable overhead= $1,050,000/50,000

Unitary variable overhead= 21

Now let calculate the total manufacturing overhead costs

For 60,000 units:

Total Manufacturing Overhead Costs = 21*60,000 + 90,000

Total Manufacturing Overhead Costs= $1,350,000

Therefore the total manufacturing overhead costs is $1,350,000

6 0

3 years ago