All categories

3 years ago

What financial behaviors will typically lead to a low credit score?

Business

2 answers:

Yuliya22 [10]3 years ago

7 0

Answer: Maxing out your credit cards will typically lower your credit score.

Explanation:

4 financial behaviors that can empty your purse. You may like to believe in yourself as a responsible administrator of your cash, but behavioral experts say a wide collection of subconscious characteristics and behavioral preferences can produce people to make bad economic choices.

1. Many people abandon to look at other choices when thinking of a larger purchase or economic goods. As a consequence, they cover up abstaining out on chances to save cash on a conventional proceeding.

2. People often neglect important aspects about mortgages and other economic deals. “In some situations, people actively withdraw data that would help them make better choices,” the researchers recorded.

3. People manage to shut down when met with complex choices and abandon to work if they perceive they are in over their economic ends. That, in turn, can lead to disastrous procrastination when it gets to money objects.

4. Sentiments can play a superfluous part in how people think about their investments and respond to specific provocations.

AfilCa [17]3 years ago

5 0

A.
Low credit scores usually indicate irresponsible spending behaviors.

You might be interested in

What is money that a borrower owes a lender?<br> credit<br> O debt<br> O income<br> O loan

seropon [69]

Answer: loan.

Explanation:

3 0

2 years ago

After cooking food that must sit for a little while before being consumed, Sherry is aware that the food must remain at a certai

Aliun [14]

Answer:

140°F

Explanation:

140°F is ordinary temperature for eliminating microscopic organisms, yet it will likewise effect and truly burn individuals. In this regard, sherry knows about that, which is the reason she comprehend that she needs to hold back to consume it. High temperatures, 140°F or more, ought not be brought into normal private or business pipes that go to end client taps and showers etc.

8 0

2 years ago

The common stock of the P.U.T.T. Corporation has been trading in a narrow price range for the past month, and you are convinced

konstantin123 [22]

Answer:

A) according to put call parity:

price of put option = call option - stock price + [future value / (1 + risk free rate)ⁿ]

put = $6.93 - $125 + [$140 / (1 + 5%)¹/⁴] = $6.93 - $125 +$138.30 = $20.23

you have to purchase both a put and call option ⇒ straddle

the total cost of the investment = $6.93 + $20.23 = $27.16, this way you can make a profit if the stock price increases higher than $125 + $20.23 = $145.23 or decreases below than $125 - $20.23 = $104.77

4 0

3 years ago

Orem Corporation's current liabilities are $116,160, its long-term liabilities are $474,240, and its working capital is $162,600

jekas [21]

Answer:

Total long-term assets must equal: d $2,771,640

Explanation:

Orem Corporation's Total Debt (liabilities) = current liabilities + long-term liabilities = $116,160 + $474,240 = $590,400

Debt-to-equity ratio = Total Debt/Total Equity

Total Equity = Total Debt/Debt-to-equity ratio = $590,400/0.24 = $2,460,000

Working capital = Current assets - Current abilities

Current assets = Working capital + Current abilities = $162,600 + $116,160 = $278,760

Basing accounting equation:

Total assets = Current assets + Long-term assets = Total liabilities + Total Equity = $590,400 + $2,460,000 = $3,050,400

Long-term assets = Total assets - Current assets = $3,050,400 - $278,760 = $2,771,640

7 0

3 years ago

A debtor owed a creditor $1,200 on a promissory note that was due on August 1. After the debtor told the creditor that he might

Ilya [14]

Answer:

The correct option is C. Yes, because the debtor incurred a different obligation than he already had.

Explanation:

Note: This question is not complete as the options are omitted. The question is therefore completed before answering the question by providing the options as follows:

A. No, because the debtor incurred no additional detriment that would serve as consideration for the new agreement.

B. Yes, because it would have cost the creditor $1,200 to purchase the entertainment system himself.

C. Yes, because the debtor incurred a different obligation than he already had.

D. Yes, because the new agreement between the debtor and the creditor is enforceable with or without

Explanation of the answer is now provided as follows.

It is possible to enforce the two parties' new agreement as an accord.

An accord can be described as an agreement in which one party to an existing contract agrees to accept some other, different performance from the other party in lieu of the performance that the other party is obligated to provide. In principle, an agreement must be backed by payment, but the consideration can be less than the amount agreed upon in the preceding contract if it is of a different character or the claim is to be paid to a third party. The responsibility of the debtor to supply the creditor with a new entertainment system was enough fresh consideration to constitute a legal agreement in this case.

When a party's responsibility is modified in some way, as the debtor's duty was in this case, the preceding legal duty rule does not apply. It makes no difference whether the creditor's benefit in the accord arrangement is equal to the original debt's worth; courts will find appropriate consideration if the consideration is fresh or different in any way. The difference in the debtor's obligation, that is, payment is in the form of an entertainment system rather than cash) is enough to sustain the accord arrangement, regardless of how much the entertainment system would have cost the creditor.

The Uniform Commercial Code (UCC) does not apply because the original agreement was not for the sale of goods. The underlying commitment in this case was to pay a debt secured by a promissory note.

Therefore, the correct option is C. Yes, because the debtor incurred a different obligation than he already had.

6 0

2 years ago