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julsineya [31]
3 years ago
13

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.

You might be interested in
McRae Corporation's total current assets are $396,000, its noncurrent assets are $512,000, its total current liabilities are $34
krek1111 [17]

Answer:

$48,000

Explanation:

The working capital is the business asset that is used for day to day operation. It can be calculated as follows,

Working capital = Current assets - Current liabilities

So,

Working capital = $396,000 - $348,000 = $48,000

It can be verified with the following equation

Fixed assets + Working Capital = Shareholder Equity + Long term Liabilities

Which is,

Fixed assets + Working Capital = $512,000 + $48,000 = $560,000

Shareholder Equity + Long term Liabilities = $298,000 + $262,000 = $560,000

Hope that helps.

3 0
3 years ago
What does the E in the personality type abreviations stand for
alina1380 [7]

Answer:

Extraversion / Extravert

Explanation:

This means the persons personality is outgoing and open to the world. They do not keep to themselves but instead are usually unreserved.

I hope this helps!

-TheBusinessMan

3 0
3 years ago
Your friend Jenny says a Roth IRA has the best tax advantages, because you pay taxes now and won't have to pay them when you tak
Tom [10]

Answer:

Right

Explanation:

Right if you expect tax rates to go up or because right now you are starting your career and your tax bracket would be lower now than what it will be later on. When you are older and in retirement, you would want to save your money and not have to worry about any taxes.

7 0
3 years ago
Quentin operates an ice cream franchise that has shops throughout the United States. CoolCream Co., the franchisor, supplies the
denpristay [2]

Answer:

The correct answer is D

Explanation:

Arrangement of  manufacturing or processing-plant is the one which defines the relationship where the franchisor transmits or shifts to the franchisee for the essential ingredients or for the specifications in order to make the specific product. And then the franchisee will market at the retail or wholesale level as per the standards of the franchisor.

So, in this situation, the franchisor supplies the essential ingredients of the franchisee for his store and then the franchisee sold to customers the ice cream. Therefore, this relationship is regarded as manufacturing or processing-plant arrangement.

6 0
3 years ago
The 5.3 percent bond of Dominic Cyle Parts has a face value of $1,000, a maturity of 12 years, semiannual interest payments, and
givi [52]

Answer:

$936.17

Explanation:

The current market price of the bond = present value of all coupon received + present value of face value on maturity date

The discount rate in all calculation is YTM (6.12%), and its semiannual rate is 3.06%

Coupon to received semiannual = 5.3%/2*$1000= $26.5

We can either calculate PV manually or use formula PV in excel to calculate present value:

<u>Manually:</u>

PV of  all coupon received semiannual = 26.5/(1+3.06)^1 + 26.5/(1+3.06)^2....+ 26.5/(1+3.06)^24 = $445.9

PV of of face value on maturity date = 1000/(1+6.12%)^12 = $490.27

<u>In excel:</u>

PV of  all coupon received semiannual =  PV(3.06%,24,-$26.5) = $445.9

PV of of face value on maturity date = PV(6.12%,12,-$1000) = 1000/(1+6.12%)^12 = $490.27

The current market price of the bond  = $445.9 + $490.27 = $936.17

Please excel calculation attached

Download xlsx
7 0
3 years ago
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