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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:

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Which of the following statements does not apply to a market economy? a. Firms decide whom to hire and what to produce. b. The "
Semenov [28]

Answer:

D. Government Policies are the primary forces that guide decisions of firms and households .

Explanation:

Market Economy has factors of production owned , controlled & opereated by private sector . There is entire private ownership , with profit maximisation goal . All production , consumption & distribution takes place on basis of pure market forces - (demand & supply) . It is also called Capitalist Economy .

As mentioned : a) Hiring , Production decisions taken by independent private firms b) The free market 'Invisible Hand' guides self & social welfare c) Households take labour supply & goods consumption decisions  - All these decisions taken independently by private producers & personal consumers , unintervened by government

D) Government policies guiding firms & households decision is not applicable to Market Economy , since there is no government intervention in this type of economy .

7 0
3 years ago
If the money multiplier is 3 and the Fed wants to increase the money supply by $900,000, it could 18. A. Buy $300,000 worth of b
Allushta [10]

Answer:

The right solution is Option A "buys $300000 worth rupees bonds".

Explanation:

Given:

Money multiplier,

= 3

Change in money supply,

= $900000

As we know,

⇒ Money \ multiplier=\frac{Change \ in \ total \ money \ supply}{Change \ in \ total \ monetary \ base}

Or,

⇒ Change \ in \ total \ monetary \ base=\frac{Change \ in \ total \ money \ supply}{Money \ multiplier}

On putting the values, we get

⇒                                                    =\frac{900000}{3}

⇒                                                    =300000 ($)

8 0
3 years ago
Consider the market for smartphones. Explain whether the following events would cause an increase or a decrease in supply or an
kumpel [21]

Answer:1. Increase in supply; increase; decrease

2. Decrease in supply; decrease; increase

3. Increase in supply; increase; decrease

4. Decrease in quantity supplied; decrease; decrease

Explanation:

3 0
3 years ago
Book Values versus Market Values In preparing a balance sheet, why do you think standard accounting practice focuses on historic
Pachacha [2.7K]

Answer:

Historical costs is objectively and precisely measured, whereas market values can be difficult to estimate, and different analysts would come up with different

values.

Explanation:

In preparing a balance sheet it is customary for a company to value the assets and other items based on historical costs rather than market values.

For example if an asset is purchased at $20,000, this value will reflect in the balance sheet in subsequent years. Or future calculation will be based on this.

Let's say yearly depreciation is $1,000 then after on year the value will be $19,000, after two years $18,000 and so on.

This is more object than market value which varies at any one time.

Market value for an item will vary depending on location and the market.

6 0
3 years ago
A company has a debt-to-capitalization ratio of 31.8%. Its pre-tax cost of debt is 7.4%. It has an unlevered beta of 1.05, a lev
SIZIF [17.4K]

The company's WACC will be 10.87% which is option A.

<h3><u>What is WACC and how is it calculated?</u></h3>

WACC stands for Weighted average cost of capital.

WACC is calculated by multiplying the cost of each capital source (debt and equity) by its relevant weight by market value, and then adding the products together to determine the total. The cost of equity can be found using the capital asset pricing model (CAPM).

A company's debt-to-capital ratio or D/C ratio is the ratio of its total debt to its total capital, its debt and equity combined. The ratio measures a company's capital structure,

Formula For Calculation of WACC :-

WACC Formula = (E/V * Ke) + (D/V) * Kd * (1 – Tax rate)

E = Market Value of Equity.

V = Total market value of equity & debt.

Ke = Cost of Equity.

D = Market Value of Debt.

Kd = Cost of Debt.

Tax Rate = Corporate Tax Rate.

To know more about Weighted average cost of capital, click the given links.

brainly.com/question/8287701

brainly.com/question/20815933

#SPJ4

Correct Question - A company has a debt-to-capitalization ratio of 31.8%. Its pre-tax cost of debt is 7.4%. It has an unlevered beta of 1.05, a levered beta of 1.37 and a marginal tax rate of 35%. The risk free rate is 5.2% and the market risk premium is 6.2%. What is the company's WACC?

A) 10.87%

B) 13.70%

C) 11.69%

D) 9.55%

8 0
1 year ago
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