All categories

1 year ago

Why is placing a fraud alert an effective way of dealing with inaccuracies in a credit report?.

1 answer:

3 0

The act placing a fraud alert is an effective way of dealing with inaccuracies in a credit report because its encourages the lenders and creditors to take an extra steps to verify the credit-account holder before issuing credit.

<h3>What do we know as credit report?</h3>

Basically, a typical credit report refers to a statement that has important information about your credit activity and & credit situation such as loan paying history and the status of your credit accounts. Most people in the United States have more than one credit report

The purpose of placing fraud alerts on credit reports is explained as follows. When a fraud alert is placed, its can make it harder for someone to open unauthorized accounts in your name. Also, the action also encourages or requires lenders and creditors to take extra steps to verify your identity such as contacting one by phone before opening a new credit account in your name or making changes to existing accounts.

You might be interested in

John Fillmore’s lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritan

I am Lyosha [343]

Answer:

John Fillmore must invest $53,739.68 of his inheritance annually to buy the boat at retirement.

Explanation:

To determine this, we employ the formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:

FV = M * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value or the amount of the boat he wants = $341,400

M = Annual investment required = ?

r = Annual interest rate = 12%, or 0.12

n = number of yeas = 6

Substituting the values into equation (1) and solve for M, we have:

$341,400 = M * (((1 + 0.12)^5 - 1) / 0.12)

$341,400 = M * 6.35284736

M = $341,400 / 6.35284736

M = $53,739.6824846741

Approximating to 2 decimal places, we have:

M = $53,739.68

Therefore, John Fillmore must invest $53,739.68 of his inheritance annually to buy the boat at retirement.

8 0

3 years ago

People in the united states score considerably higher on extraversion than do people in spain. select one:

Korvikt [17]

People living in the united states score considerably higher on extraversion than do people in spain.------. false

Option A is correct

What is the purpose of extraversion?

Namely, extraversion basically appears to facilitate people's goals and objectives to possess fun, to engage with other people, and to entertain people . Furthermore, these goals strongly predicted increases in state positive affect.

What is the extraversion theory?

In the big 5 theory of personality, extroversion (often referred to as extraversion) is one of the greatest five core traits believed to form up human personality. Extroversion is characterized by it' s sociability, talkativeness, assertiveness, and excitability.

What is a extraversion personality?

Extraversion could be defines as a broad personality trait that encompasses a number of most specific characteristics like sociability, assertiveness, high activity level, positive emotions, and impulsivity

Learn more about extraversion:

brainly.com/question/7375078

#SPJ4

3 0

1 year ago

The Marshall Company has a process costing system. All materials are added when the process is first begun. At the beginning of

Oliga [24]

Answer:

The equivalent units of of materials in September = 62,400 units

Explanation:

<em>Equivalent units are useful to apportion cost between work in progress and completed units. They are notional whole units which represent incomplete work</em>

Equivalent Units = Degree of work completed (%) × inventory units

Items units workings Equivalent units

Completed unit 58,500 58,500× 100% = 58,500

Closing WIP 6,500 6,500 × 3/5 = <u>3,900</u>

Total equivalent units of materials <u>62,400.</u>

The equivalent units of of materials in September = 62,400 units

5 0

3 years ago

A company issues $100,000 face value, zero-coupon, 4-year U.S. corporate bonds on January 1, 20XO, when the market rate for simi

aivan3 [116]

Answer:

Amount = Maturity/(1+risk rate)⁴

Amount = $100,000/(1+0.12)⁴

Amount = $63,552 (Approx)

Interest payable = $63,552 x 0.12

Interest payable = $7,626 (Approx)

Interest payable (2nd period) = ($63,552+$7,626) x 0.12

Interest payable (2nd period) = $8,541 (Approx)

Explanation:

JOURNAL ENTRY

BOOKS OF (.....)

Date Account title Debit Credit

Cash a/c Dr $63,552

To Bonds payable a/c $63,552

1st-period

Bond Interest a/c Dr $7,626

To Bonds payable a/c $7,626

2nd-period

Bond Interest a/c Dr $8,541

To Bonds payable a/c $8,541

6 0

3 years ago

Blue Co. has a patent on a communication process. The company has amortized the patent on a straight-line basis since 2014, when

raketka [301]

Answer:

Appropriate patent amortization expense = $10 million

Explanation:

As per the data given in the question,

Annual amortization expense = Cost ÷ Time

= $36 ÷ 9

= $4 million

Year 2018 Amortization Expense 4 Years = $4 million × 4

= $16 million

Unamortized cost = $36 million - $16 million

= $20 million

Year 2018 Amortization expense 4 years = $20 million ÷ 2

= $10 million

7 0

3 years ago