All categories

4 years ago

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

Business

2 answers:

Umnica [9.8K]4 years ago

7 0

Not paying your credit card bills on time

Sidana [21]4 years ago

7 0

Credit card misuse, not playing leases or phone bills or anything or time, having no credit is also bad as well, I have heard.

You might be interested in

Williams Co. uses a periodic inventory system. The following are inventory transactions for the month of March: 3/1 Beginning In

gladu [14]

Answer:

Williams reports as cost of goods sold on the income statement the amount: $20,625

Explanation:

March: 3/1 Beginning Inventory 5,000 units at $2, total: $10,000

March: 3/7 Purchase 2,500 units at $3, total: $7,500

March: 3/16 Purchase 2,500 units at $4, total: $10,000

In March,

Total inventory purchased:

5000 units, cost: $7,500 + $10,000 = $17,500

Williams Co. uses a periodic inventory system and weighted average method, the cost per unit the company sold:

($10,000 + $17,500)/(5,000+5,000)=$27,500/10,000 = $2,75

Williams sold 7,500 units, Cost of goods sold = $2,75 x 7,500 = $20,625

3 0

4 years ago

General Plastics Corporation instituted a new absenteeism control policy that took effect the first day of June. It expects the

True [87]

Answer: B. The indicator of success was inappropriate.

Explanation:

The new policy was implemented to get 25% reduction in absenteeism. However, if vacations are also counted as absenteeism how would one specify if the policy introduced was successful or not?

Therefore, the success parameter was vague and there should be other parameters in order to judge the success of the new policy implemented.

6 0

4 years ago

Hodge Co. exchanged Building 24 which has an appraised value of $4,971,000, a cost of $7,691,000, and accumulated depreciation o

VLD [36.1K]

Answer:

Hodge Co. Books

Debit : Building M $4,163,000

Debit : Accumulated Depreciation Building 24 $3,528,000

Credit : Cost of Building 24 $7,691,000

Fine Co. Books

Debit : Building 24 $4,283,000

Debit : Accumulated Depreciation Building 24 $4,796,000

Credit : Cost of Building 24 $9,079,000

Explanation:

Where an exchange transaction lacks commercial substance, the accounting standard IAS 16 requires that the Asset that is acquired is measured at the Carrying Amount of the Asset given up, and no gain or loss can be estimated reliably.

Carrying Amount is Cost of Asset minus Accumulated Depreciation

The Carrying Amounts for Building 24 and Building M can now be calculated as follows -

Carrying Amount :

Building 24 = $7,691,000 - $3,528,000 = $4,163,000

Building M = $9,079,000 - $4,796,000 = $4,283,000

Then, apply the Carrying Amounts as new cost of assets acquired for Both Companies as required by the standard.

5 0

3 years ago

Mary's Cookies submitted an ad to the local newspaper with a coupon stating that a dozen cookies cost $2.99. The newspaper inste

ss7ja [257]

Answer:

b. Noise

Explanation:

Although there are other factors that may act as barriers to effective communication. However the most likely factor here is noise.

It is most likely that when Mary was stating that a dozen cookies cost $2.99, the newspaper staff was affected by noise coming from people or the printing press machines and thought he had heard $29.90.

3 0

3 years ago

A firm utilizes a strategy of capital rationing, which is currently $375,000 and is considering the following two projects: Proj

irinina [24]

Answer:

The manager should pick project B

Explanation:

To determine what decision the manager should make, the NPV of both projects should be calculated.

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

NPV for project A

Cash flows:

Year 0 = $-335,000

year 1 = $140,000

year 2 = $150,000

year 3 = $100,000

I = 6%

NPV= $14,536.87

NPV for project B

Cash flows:

Year 0 = $-365,000

year 1 = $220,000

year 2 = $110,000

year 3 = $150,000

I = 6%

NPV= $66,389.67

Both projects are profitable but because the firm uses capital rationing , the manager has to pick the now profitbale project, which is project B.

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

7 0

3 years ago