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vitfil [10]
3 years ago
7

Leon is 28 years old and pays cash for everything he buys. He has never had credit in his name and never missed or been late on

any bills he has ever had. He recently went online to check what his credit score was. Where do you think his credit score would be?
Business
1 answer:
arlik [135]3 years ago
3 0

Answer:

Nothing.

Explanation:

It is known that a good credit score generally comes from a history of managing money responsibly. This doesn’t mean you shouldn’t borrow money though; in fact, companies often like to see a track record of timely payments and sensible borrowing. In Leon's case, he has no dealings with credit cards as he makes all his transaction with physical cash; therefore he has no credit score in any way.

Leon has to work towards improving his poor credit score or need to build up credit history from nothing.

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) Case Study: Nancy, a 28 year-old marketing analyst in Minneapolis, has a fear of bridges. She takes a very long route to get t
Monica [59]

Answer:

Gephyrophobia

Explanation:

Nancy may suffer from gephyrophobia because she has a fear of bridges.  This phobia is the anxiety disorder or specific phobia characterized by the fear of bridges. Thus, the patient of gephyrophobia may avoid routes that will take them over bridges.

5 0
3 years ago
Machine A has an initial cost of $6,000 with total annual maintenance costs of $750. Machine B has an initial cost of $8,500 wit
ryzh [129]

When the initial cost of Machine A is $6,000 and that of Machine B is $8,500, then both the machines will have the same current value at the end of 10 years.

<h3>What is the meaning of current value?</h3>

The present market value of an asset that prevails in the market is known as the current value of an asset. Using the given conditions, the current value will be the same as computed under,

\rm Cost\ of\ Machine\ A\ + Maintenance\ Cost(Interest\ Rate)= Cost\ of\ Machine\ B\ +Maintenance\ Cost(Interest\ Rate)

Putting the given value and solving further we get,

\rm Current\ Value\ x\ 7.25\ x\ 10\% = \dfrac{2500}{345}\\\\\rm Current Value= 10

Hence, the significance of current value is aforementioned.

Learn more about current value here:

brainly.com/question/8286272

#SPJ1

5 0
1 year ago
Naomi plans on saving $3,000 a year and expects to earn an annual rate of 10.25 percent. How much will she have in her account a
Gre4nikov [31]

D. $2,333,572

To find the future value of annuity ordinary the formula is

Fv=pmt [(1+r)^(n)-1)÷r]

Fv future value?

PMT payment per year 3000

R interest rate 0.1025

N time 45 years

So

Fv=3,000×(((1+0.1025)^(45)−1) ÷(0.1025))=

<h2><u>$2,333,571.66 </u></h2>

Good luck!

7 0
3 years ago
Which factor would not cause the demand curve for green tea to shift to the right? a decrease in the price of green tea a decrea
ratelena [41]
the answer i<span>a decrease in the price of green tea</span>
A demnad curve will shift to the right if the product is experiencing an increase in demand. 
research that show a positive result of consuming the product,  and the reduction of complement product would increase the overall demand of that product.

Reduction in the product's price usually followed by the reduction in supply and does not guarantee the demand curve to move to the right.
8 0
3 years ago
Read 2 more answers
Brothern Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the mo
frez [133]

Answer:

$35.63

Explanation:

The formula for predetermined overhead ate is

= Predetermined fixed overhead rate ÷ Predetermined variable overhead rate

Where;

Predetermined fixed overhead rate = (Fixed overhead cost ÷ Estimated direct labor)

= $1,006,164 ÷ 34,200

= $29.42

But the predetermined variable overhead is $6.21 per machine hour

Therefore, the predetermined overhead rate is

= $29.42 + $6.21

= $35.63

7 0
3 years ago
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