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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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The standard cost card for a product indicates that one unit of the product requires 8 kilograms of a raw material at $0.80 per
Likurg_2 [28]

Answer:

Direct material quantity variance= $992 unfavorable

Explanation:

Giving the following information:

Standard quantiy= 8kg

Standard cost= $0.8 per kilogram

Production= 870 unit

8,200 kilograms of the raw material was purchased for $6,888.

To calculate the material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 870*8= 6,960kg

Direct material quantity variance= (6,960 - 8,200)*0.8

Direct material quantity variance= $992 unfavorable

7 0
3 years ago
Which of the following is not a basic consumer right?
Kitty [74]

Answer:

C

the right to be refunded

Explanation:

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The rate of interest agreed upon contractually charged by a lender or promised by a borrower is the​ ________ interest rate. A.
finlep [7]

Answer: The correct answer is d) NOMINAL

Explanation: Nominal interest rate is the interest rate before inflation is taken into account. Nominal interest rate can also be used to the advertised or stated interest rate on a loan, without taking into account any fees or compounding of interest.

It is the contractual interest rate charged by a lender or promised by the borrower.

3 0
3 years ago
During a presentation, promptly complying with requests raised by audience members
ludmilkaskok [199]

During a demonstration, promptly responding to audience members' requests creates your reputation as responsive.

What defines an audience?

An audience is a collection of people who attend a performance or confront a piece of art, literary works (in that they are referred to as "readers"), theater, music (in they are referred to as "hearers"), games consoles (in that they are referred to as "players"), or scholars in any medium.

What is an instance of an audience?

An audience is a crowd of individuals who attend an event. Those who attend an e-sports incident to witness others play a game, for example, are part of a viewer. The image depicts thousands of people crammed into a sphere to witness an e-sports event.

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6 0
1 year ago
On November 7, 2017, Mura Company borrows $160,000 cash by signing a 90-day, 8% note payable with a face value of $160,000. (Use
sergeinik [125]

Answer:

interst expense 1,920 debit

     interest payable      1,920 credit

--to record year-end adjustment--

interest expense     1,280 debit

interest payable      1,920 debit

note payable       160,000 debit

     cash                               163,200 credit

--to record the honor of the note--

Explanation:

principal x rate x time = interest

principal 160,000

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days from November 7th to December 31th: 54 days

160,000 x 0.08 x 54/360 = <em>1,920 interest expense</em>

at maturity:

160,000 x 0.08 x 90/360 = 3,200

3,200 total interest less 1,920 accrued interest = 1,280

8 0
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