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3 years ago

Explain what a credit report is and list five kinds of information found on a credit report.

2 answers:

9 0

A credit report is a detailed written document about a person’s credit history. The report contains personal information, anything found in public records, information from collection agencies, information about credit cards or loans, and a list of those who have requested a copy of the report.

Is the answer on edg

Maddie_Bervig

2 years ago

thx soooooo much for this

Vedmedyk [2.9K]3 years ago

5 0

A credit report is a report which shows the credit history of the individual. The five kinds of information found on a credit report are personal information, accounts, public records, recent inquiries, and how many times the credit has been taken.

Further Explanation:

Credit report:

A credit report refers to a report which shows the credit history of the individual. The credit report shows the credit point which may be anexcellent or poor credit score. If a person has a high credit score report, he is eligible for taking more loans from the market. If a person has the lowest credit score report, he cannot be eligible for taking more loans from the market. Before giving the loans to the customer, the bank checks the credit report of the customer.

Five kinds of information found on the credit report:

Personal information: The credit report shows the personal information of the customer. It contains a name, phone number, addresses current and address post, and date of birth.
Accounts: Credit report also includes the details of accounts, bank, and the detail of credit card from which loan had taken and short term credit.
Public records: The credit report also contains a record of bankruptcy. It also contains how many times the individual may not able to repay his loan and credit.
Recent inquiries: The credit report contains the recent inquires on how many numbers of times the credit report has been recently viewed.
A number of times credit has been taken: Credit report includes the history of how many times the individual has made the credit.

Learn more:

1. Learn more about credit score

brainly.com/question/2892436

2. Learn more about credit card

brainly.com/question/8750254

3. Learn more about credit utilization value

brainly.com/question/5955652

Answer details:

Grade: Middle School

Subject: Banking

Chapter: Credit report

Keywords:a credit report, list five kinds, information, found, credit history, public records, accounts, recent inquiries, personal information, customer, credit point, and banking.

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Answer:

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Explanation:

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4 years ago

During the current year, sales on account were $306,673, collections on account were $290,750, write-offs of bad debts were $7,0

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Answer:

1-a. Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values. Disregard income tax considerations.

Accounts Rec T-Account

$ 306.673 Debit

$ 290.750 Credit

$ 7.059 Credit

$ 8.864 Debit Balance

Allowance for Doubtful Accounts T-Account

$ 7.059 Debit

$ 4.775 Credit

$ 2.284 Debit Balance

1-b. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the income statement for the current year.

$ 4.775 Dr Bad Debt Expense

1-c. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the balance sheet for the current year.

$ 2.284 Dr (Debit) Allowance for Uncollectible Accounts

$ 8.864 Dr (Debit) Accounts Receivable

Explanation:

Initial Balance

Dr Accounts Receivable $ 306.673

Write-offs of bad debts

Cash $ 290.750

Cr Accounts Receivable $ 290.750

Write-offs of bad debts

Dr Allowance for Uncollectible Accounts $ 7.059

Cr Accounts Receivable $ 7.059

Bad debt expense adjustment

Dr Bad Debt Expense $ 4.775

Cr Allowance for Uncollectible Accounts $ 4.775

1-b. Complete the amounts related to Accounts Receivable and

Bad Debt Expense that would be reported on the INCOME STATEMENT for the current year

Dr Bad Debt Expense $ 4.775

1-c. Complete the amounts related to Accounts Receivable and

Bad Debt Expense that would be reported on the BALANCE SHEET for the current year.

Dr Allowance for Uncollectible Accounts $ 2.284

Dr Accounts Receivable $ 8.864

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3 years ago

he natural level of output is the amount of real gdp produced a. when the economy is at the natural level of aggregate demand. b

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1 year ago

A 13-year, 6 percent coupon bond pays interest semiannually. The bond has a face value of $1,000. What is the percentage change

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Answer:

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Explanation:

You can solve this using a financial calculator. I'm using TI BA II plus ;

First, find Price of the bond if YTM = 5.5%. Since it is semi-annual, adjust the YTM and total duration;

N = 13*2 = 26

I/Y = 5.5%/2 = 2.75%

PMT = (6%/2)*1000 = 30

FV = 1,000

CPT PV = $1046.01

Next, find Price of the bond if YTM = 5.7%.

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I/Y = 5.7%/2 = 2.85%

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CPT PV = $1027.28

Percentage change =[ (New price- Old price)/Old price] *100

$=\frac{1027.28-1046.01}{1046.01} *100\\ \\ = -0.017906 *100$

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