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Greeley [361]
3 years ago
14

A credit score is based in part on

Business
2 answers:
Zigmanuir [339]3 years ago
9 0

Answer

D. Payment history and total debt

Explanation

A statistical number that evaluates a person’s creditworthiness and is based on credit history is called credit score.Credit score numbers are used by lenders to check the probability that an individual will pay back his or her debts.The ranges of credit score are 300 to 850.The higher the credit score of a person, the more financially trustworthy that person is taken to be.


andriy [413]3 years ago
7 0

<u>The option D is correct.  </u>

<u>A credit score is based in part on the payment history and total debt. </u>

<u> </u>

Further Explanation:

Credit score refers to score which shows the credit history of the individual and tells us about how well an individual in paying his credit and loans. If an individual has a good credit score, he is able to take credit easily without any restrictions. But If an individual has a poor credit score, he is not able to take the credit in an easy way.

Justification for the correct and incorrect answer:

A.

Employment and race: This option is incorrect.

This is not the correct option. The credit score does not depend on individual employment and race.  

B.

Income and location: This option is incorrect.

This also not the correct option. As the income of the individual does not have any relation with the credit score. The location of the individual also not a base of credit score.

C.

Employment and trust: This option is incorrect.

The bank provides a loan on the basis of collateral security, not on the basis of trust. This option is not correct.  

D.

Payment history and total debts: This option is correct.

The credit score is given on the basis of payment history and total debts taken from the other banks. This statement is correct. On the basis of the credit score, the banks provide loans to the individual.  

Learn more:

1. Learn more about credit card

<u>brainly.com/question/1218973 </u>

2. Learn more about loan types

<u>brainly.com/question/1373941 </u>

3. Learn more about the federal reserve bank

<u>brainly.com/question/9417688 </u>

Answer details:

Grade: Middle School

Subject: Accounting

Chapter: Money and Banking

Keywords:credit score, is based, employment and race, income and location, employment and trust, payment history, total debt, credit history, individual, income, total debts.  

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On July 1, 2017, Crane Inc. made two sales.
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Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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2 years ago
Which of the following is true concerning cost drivers for the predetermined overhead rate in a process-costing system?
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Answer and Explanation:

c. If direct labor cost is the cost driver, direct labor and manufacturing overhead may be combined into the single element of conversion cost.

5 0
3 years ago
Nstead of polling all faculty members in the business​ department, Michael wants to simply use a list of testing methodologies u
Svetllana [295]

Answer:

satisficing

Explanation:

Satisficing is a combination of "satisfy" and "suffice" (or enough). It refers to a situation where instead of trying to reach a completely satisfying solution, you just settle for a relatively good or a so-so solution.

Personally I believe it is something that borders mediocrity, since you should either do something right or do not do it at all. It is like doing something that might work, but not completely.

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If terry's total utility is maximized when he owns 10 pairs of shoes, then terry's total utility from owning 7 pairs of shoes is
Aleks [24]

If terry's total utility is maximized when he owns 10 pairs of shoes, then terry's total utility from owning 7 pairs of shoes is less than terry's total utility from owning 8 pairs.

The benefit that a person receives from consuming all of a given commodity's units at once or over time is referred to as their total utility.

In other terms, total utility is the overall satisfaction attained through the consumption of numerous units of commodities and services. Every unit of a commodity has a marginal utility, which is a benefit gained from consuming an extra unit. The total utility is the total of all these marginal benefits.

The consumer tries to consume various combinations of products and services within the available restricted resources (money) in order to optimise his overall utility. Generally speaking, individuals try to get the most out of the money they spend on goods and services.

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3 0
1 year ago
On March 15, American Eagle declares a quarterly cash dividend of $0.095 per share payable on April 13 to all stockholders of re
irinina [24]

Answer:

March 15,

Dr. Dividend                $20,520,000

Cr. Dividend Payable $20,520,000

April 13,

Dr. Dividend Payable $20,520,000

Cr. Cash                      $20,520,000

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A dividend is announced and paid after some days, so the journal entries for both event will be recorded separately.

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