1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Pani-rosa [81]
3 years ago
9

Visit each of the three credit reporting agencies and find an example of a credit report. For each, describe a different portion

of the credit and how it is evaluated for credit worthiness
Business
1 answer:
Orlov [11]3 years ago
6 0

Answer:

Equifax – An Equifax report shows Inquiry Information. This portion of the credit reports indicates how many parties have requested a copy of the credit report. There are two types of inquiries. A “soft” inquiry is a company that sends me an offer for a credit card or other kind of preapproved products based on my credit. I did not apply for this product. A “hard” inquiry is what happens when I apply for a loan or credit card. Soft inquiries have no effect on credit worthiness, but hard inquires do. They stay on a report of two years, and so people should not shop around for credit cards or loans as this can affect credit worthiness.

Experian – On Experian, there is a section for Public Records. These are financial transactions where some type of legal action has taken place. This might include a bankruptcy, tax lien or wage garnishments. These types of records on a credit report would hinder a person’s credit worthiness. They stay on the credit report for seven years.

TransUnion – TransUnion lists all accounts and specifies information on each account that includes the type of lender (KOB or Kind of Business), the dollar amount the person has been delinquent in the past, the amount past due today, and the payment pattern over the past 12 or 24 months. Each of these pieces of information indicates a person’s credit worthiness. For example, KOB of a mortgage is a high-quality kind of loan, while a KOB for a finance company is a lower-quality kind of loan, which may hinder a person’s credit worthiness.

Explanation:

You might be interested in
Sillytime Park competes with Splash World by providing a variety of rides. Sillytime sells tickets at $ 60 per person as aâ one-
horsena [70]

Answer:

BEP 378,000

Explanation:

\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

\frac{Contribution \: Margin}{Sales \: Revenue} = Contribution \: Margin \: Ratio

Sales \: Revenue - Variable \: Cost = Contribution \: Margin

60 - 24 = 36 contribution margin

every units contribution $36 dollars

36 / 60 = 0.6 CM ratio

each dollar of sale generate 60 cents of contribution

226,800 fixed cost / 0.6 CMR = 378,000 BEP  in dollars

3 0
3 years ago
Guidance and discipline strategies in emergency child care setting should ?
NeTakaya
As a licensed foster mom, the answer is F. All of above
4 0
3 years ago
A government's Statement of Revenues, Expenditures, and Changes in Fund Balances reported proceeds of bonds in the amount of $2,
vesna_86 [32]

Answer:

The reconciliation from the governmental funds' changes in fund balances to the governmental activities change in net position would reflect a decrease of   1,500,000 as the payments.

Explanation:

The change in net position  = Amount of bond proceeds - Amount of bond principal.

The change in net position = $2,000,000 - $500,000 = 1,500,000

There would be a decrease of  1,500,000 as the payments.

The reconciliation from the governmental funds' changes in fund balances to the governmental activities change in net position would reflect a decrease of   1,500,000 as the payments.

6 0
3 years ago
What will happen when I link two text boxes? When I click on the box, it will take me to a Web site. When the first box is full,
andreev551 [17]
It would be easier to expand your first text box if you don't want to take the risk of lumping everything together. Move your work to one text box and expand it so it all fits.
4 0
3 years ago
Read 2 more answers
Johann, a well-known musician, agrees to give ten guitar lessons to Elton for $2,000. Nothing in the contract itself prohibits a
Softa [21]

Answer:

The correct answer is (b)permitted because the contract is just for music lessons.

Explanation:

Recall that,

Johann,  a well known musician  agrees to give out ten lessons of guitar to Elton for an amount of $ 2000. this contract forbids delegation.

Since Johann delegates his obligation to Eugene who is a second year student in music, then his delegation is only allowed because the contract is to take music lessons and nothing more.

7 0
3 years ago
Other questions:
  • The Super Bowl is right around the corner and Gowgem Hotels is aquiver with anticipation. They'd like to price their rooms at th
    12·1 answer
  • In Maricaibo, incandescent lightbulbs are being replaced with fluorescent lightbulbs, which have fewer negative effects and many
    14·2 answers
  • If you cause a car accident, which type of insurance will require you to pay the least out of pocket?
    9·2 answers
  • Congress would like to increase tax revenues by 11.5 percent. assume that the average taxpayer in the united states earns $62,00
    15·1 answer
  • Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below.
    12·1 answer
  • Simon Peters, a senior manager at Celise Export Logistics, goes to France to negotiate a deal with the company's French partners
    7·1 answer
  • A tyre manufacturer wants to set a minimum mileage guarantee on its new MX100 tyre. Tests reveal the mean mileage is 47,900 with
    12·1 answer
  • Cash is an _____.
    9·1 answer
  • A company purchases inventory on account for $45,000 with terms 2/10, n/30. Under the net method of accounting for purchases, th
    11·1 answer
  • A baseball team plays in a stadium that holds 54,000 spectators. With the ticket price at $10, the average attendance at recent
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!