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3 years ago

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

The option D is correct.

A credit score is based in part on the payment history and total debt.

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:

Employment and race: This option is incorrect.

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

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.

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.

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

brainly.com/question/1218973

2. Learn more about loan types

brainly.com/question/1373941

3. Learn more about the federal reserve bank

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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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It is created when contingency funds are applied for.
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3 years ago

__________ is a view of the self as able to master skills and complete tasks.

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1 year ago

Emily works in the stockroom at a retail store for $10/hour on Saturdays. The store is within near walking distance of her home.

frosja888 [35]

Answer:

Correct options

A.) the $4 in direct costs she would spend to drive to and from her babysitting job:

Emily will have to spend $2 to and $2 on gas for the babysitting job. She will have to consider if she can bear the additional cost compared to the other job opportunity.

B.) the opportunity costs of not working at the store on a Saturday when she babysits:

When Emily is babysitting she has to consider the opportunity cost of working at the retail store. The fact the she will not have to drive to work, instead working at a place close to her home.

Incorrect option

C.) the cost of clothes and personal items (e.g., phone) Emily uses during babysitting:

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3 years ago

A document that describes the following items would be most likely called a :_________.

bazaltina [42]

Answer: a. Customer Persona

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A customer persona simply refers to information relating to the life of a person. It includes their demographic information such as their gender, age and marital status and it includes some psychographic information as well such as personality.

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3 years ago

Farah Snack Co. has earnings after taxes of $108,750. Interest expense for the year was $20,000; preferred dividends paid were $

mars1129 [50]

Answer:

$0.9

Explanation:

Data provided in the question:

Earnings after taxes = $108,750

Interest expense for the year = $20,000

Preferred dividends paid = $18,750

Common dividends paid = $30,000

Common stock outstanding = 100,000 shares

Now,

Earning available on common stock

= Earnings after taxes - Preferred dividends paid

= $108,750 - $18,750

= $90,000

Therefore,

Earnings per share on the common stock

= Earning available on common stock ÷ Common stock outstanding

= $90,000 ÷ 100,000

= $0.9

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3 years ago