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3 years ago

Why does amount of debt or money owed have as much weight as credit history in determining a person’s credit score?

Business

2 answers:

Volgvan3 years ago

8 0

Because debt to income ratio determines how likely you are able to make your payments.

AS your debt to income ratio become higher, the less likely the credit providers would loan their money to you since they would doubt that you have enough left from your income to pay them back.

As an industry standard, most credit providers in united states would see you as 'financially healthy' if your debt to income ratio does not exceed 36%.

Sati [7]3 years ago

3 0

Your debt to income ratio determines how likely you are able to make your payments. When a high percentage of your available credit is been used, this can indicate that your money is overextended, and you may be more likely to make late and or missed payments.

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The chart of accounts includes assets, liabilities, and owner's equity accounts only. TRUE or FALSE.

posledela

The right answer for the question that is being asked and shown above is that: "TRUE." The chart of accounts includes assets, liabilities, and owner's equity accounts only. This statement is true as far as the chart of accounts is concerned.

8 0

4 years ago

Karina bought a townhouse for $199,900. She has a 30 year mortgage with a fixed rate of 5. 5%. Karinaâ€™s monthly payments are $

svlad2 [7]

The answer have to be 15%

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3 years ago

____ criticism focuses on the political implications of a work of art

Nady [450]

Formalist criticism focuses on the political implications of a work of art.

There are 4 types of art criticism
1) Formalist Criticism
2) Ideological Criticism
3) Structuralist-based Criticism
4) Feminist Criticism

When you are using formalist criticism, you are studying the text without taking any outside influence into account.

8 0

3 years ago

A university is trying to determine what price to charge for tickets to football games. At a price of $24 per ticket, attendan

m_a_m_a [10]

Answer: Price per ticket should be charged in order to maximize revenue is $15.

70000 people will attend at this price.

Explanation:

Let 'x' represent the decrease .

Using the given information,

Price per ticket = 24 - 3x

Average no. of people that watch the game = 40000 + 10000x

Additional money spent by every person = 6(40000 + 10000x)

Revenue [R(x)] = Price per ticket $\times$ Average no. of people that watch the game + Additional money spent

Revenue [R(x)] = (24 - 3x) $\times$ (40000 + 10000x) + 6(40000 + 10000x)

On solving the above equation we get ,

Revenue [R(x)] = -30000 $x^{2}$ + 180000x + 1200000

In order to find the critical point we'll differentiate the following with respect to x;

R'(x) = -60000x + 180000

∵ R'(x) = 0

x = 3

Thus, the price per ticket that should be charged in order to maximize revenue is (24 - 3 $\times$ 3 = 24 - 9 = $15)

People that will attend at this price = (40000 + 10000 $\times$ 3) = 70000

7 0

4 years ago

Nolan Dry Cleaners has determined the following about its costs: Total variable expenses are $40,000, total fixed expenses are

blondinia [14]

Answer:

Operating income= 40,000

Explanation:

Giving the following information:

Total variable expenses are $40,000, total fixed expenses are $30,000, and the sales revenue needed to break even is $40,000.

Sales= operating income + fixed costs + variable costs

Sales= 40,000 + 30,000 + 40,000= 110,000

Operating income:

Sales= 110,000

Variable costs= 40,000

Gross profit= 70,000

Fixed costs= 30,000

Operating income= 40,000

3 0

4 years ago