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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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Difference between seasonal and off seasonal vegetable farming​
neonofarm [45]

Answer:

Hey mate.....

Explanation:

This is ur answer......

<em>Different vegetable grows in the different environment. A vegetable that can adjust to all kind of temperature is the seasonal vegetable. A vegetable which is grown in any season using technology is an off-season vegetable.</em>

Hope it helps!

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8 0
2 years ago
Uncle Fred recently died and left $280,000 to his 45-year-old favorite niece. She immediately spent $80,000 on a town home but d
Marrrta [24]

Answer:

6.06%

Explanation:

The computation of the rate of return is shown below:

Given that

NPER = 20 years

PV = ($280,000 - $80,000) = $200,000

PMT = $0

FV = $75,000 × PVIFA factor at 10% for 21 years

= $75,000 × 8.6487

= $648,652.50

The following formula should be applied

= RATE(NPER;PMT;-PV;FV;TYPE)

The present value comes in negative

After applying the above formula, the rate of return is 6.06%

7 0
3 years ago
An investment property with 10 residential units rents for $2,000 per unit per month. The rate of vacancy and collection loss is
irinina [24]

Answer:

$1,815,000

Explanation:

First we must determine the gross income = $2,000 x 10 units x 12 months = $240,000

minus the vacancy rate = $240,000 x 5% = $12,000

minus the annual expense = $10,200

net income = $240,000 - $12,000 - $10,200 = $217,800

to calculate the maximum amount that the investor should pay we must divide the net income by the expected rate of return = $217,800 / 12% = $1,815,000

When you are calculating a project's price (buying this asset is an investment project), depreciation and debt service are not included in the calculations.  

5 0
2 years ago
Which of the following is TRUE regarding the economic order quantity (EOQ) model? A. Demand rate is dependent on order quantity.
Oduvanchick [21]

Answer:

D. Holding cost per unit per year is dependent on the selling price per unit.

Explanation:

The formulas are shown below:

Economic order quantity:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

The number of orders would be equal to

= Annual demand ÷ economic order quantity

The average inventory would equal to

= Economic order quantity ÷ 2

The total cost of ordering cost and carrying cost equals to

Ordering cost = Number of orders × ordering cost per order

Carrying cost = average inventory × carrying cost per unit

If in the question, the carrying cost is given in the percentage than the per unit cost is come after multiplying it with the selling price per unit

5 0
3 years ago
Which clause protects proceeds from creditors of the beneficiary?
Inga [223]
The answer is spendthrift clause. It is a trust that is produced for the benefit of a person that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary. Creditors of the beneficiary usually cannot reach the money in the trust, and the funds are not actually under the control of the beneficiary. Also,  it prevents the beneficiary's reckless spending of benefits.
8 0
3 years ago
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