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3 years ago

Which of the following is not a valid FICO credit score? A.575 B.775 C.875 D.675

Business

2 answers:

svp [43]3 years ago

5 0

C. 875

FICO Scores range from 300-850 so 875 is higher that the best possible score.

I am Lyosha [343]3 years ago

4 0

Answer:

Option C.

Explanation:

The given credit scores are 575, 775, 875 and 675.

We need to find a credit score which is not valid.

300 - 579 means poor FICO credit score.

580 - 669 means fair FICO credit score.

670 - 739 means good FICO credit score.

740 - 799 means very good FICO credit score.

800 - 850 means exceptional FICO credit score.

The range of FICO credit score is 300-850. Since 875 is more than 850, therefore 875 is not a valid FICO credit score.

Thus, the correct option is C.

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Find the amount of money in a savings account after 5 years if you deposit $400 at 1.5% interest compounded

zimovet [89]

Answer:

3.5%

Explanation:

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3 years ago

Zino Company determines that a customer balance of $200,from Hollis Co. is uncollectible. Zino uses the allowance method to acco

Natalka [10]

Answer:

The correct answer is A

Explanation:

The journal entry to be posted to write off the balance of uncollectible is as:

Allowance for Doubtful Accounts A/c..........................Dr $200

Accounts Receivable A/c.......................................Cr $200

As the allowance method is used so the accounts receivable account will be credited and the allowance for doubtful accounts is debited with the amount which is recovered that is $200.

Allowance method is generally refer to one of the ways for reporting the uncollectible or bad debt expense which results from a company selling the goods on credit.

3 0

3 years ago

What is the name of the law that states that as we shift factors of production from making one good or service to another, the c

Umnica [9.8K]

I did some research and found out it is the law of increasing costs
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4 0

3 years ago

Read 2 more answers

g "At the start of the current year, Minuteman Corporation had a credit balance in the Allowance for Doubtful Accounts of $3,500

nordsb [41]

Answer: Allowance for the doubtful accounts with a credit balance of $29,600

Explanation:

From the information that is provided in the question, the following can be deduced and the year-end financial statements should show:

Allowance for the doubtful accounts with a credit balance will be calculated as: the beginning allowance for the doubtful accounts + (the sales × Provision % ) - accounts receivable that were written off.

= $3,500 + ($1,110,000 × 3%) - $7,200

= $3500 + $33300 - $7200

= $36800 - $7200

= $29,600

6 0

3 years ago

Dorothy wants to rent a car for a week and pay no more than $130. how far can she drive if the car rental costs $94 a week plus

seraphim [82]

94+.12(x)=130
130-94= 36
.12x=36
36/.12= 300
300 miles
Plug back in to check
300 x .12=36
36+94= 130

6 0

3 years ago