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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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Exercise 11-1 Compute the Return on Investment (ROI) [LO11-1] Alyeska Services Company, a division of a major oil company, provi

Jobisdone [24]

Answer:

1. 28.09 %

2.0.50 times

3.13.97 %

Explanation:

Margin = Profit / Sales × 100

= $ 5,000,000 / $ 17,800,000 × 100

= 28.09 % (2 decimal places.)

Turnover = Sales / Total Assets

= $ 17,800,000 / $ 35,800,000

= 0.50 times (2 decimal places.)

Return on investment = Divisional Profit Contribution / Assets employed in the division × 100

= $ 5,000,000 / $ 35,800,000 × 100

= 13.97 % (2 decimal places.)

8 0

3 years ago

Which two lines intersect at level of output the firm is supplying if that business is earning zero economic profits?

IgorC [24]

The average cost curve and the variable revenue curve are two lines which intersect at level of output when the firm is supplying and that business is earning zero economic profits.

If the price which the firm is charging from customer is higher than its average cost of production for the quantity of the goods produced, then the firm will earn profits to a large extent.

Conversely, if the price which is charged by the firm is lower than its average cost of production, the firm will suffer losses.

Thus when the cost is equal to the revenue of the firm it means there is no profit at all. At this level the average cost curve will intersect the revenue curve.

To know more about marginal cost curve here:

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4 0

2 years ago

As people become more powerful, they tend to become less goal-oriented, less motivated, and more focused on gaining additional p

Tanya [424]

Answer: False

Explanation:

The statement that as people become more powerful, they tend to become less goal-oriented, less motivated, and more focused on gaining additional power is false.

When people become more powerful, such people become motivated to achieve organizational aims and achieve greater things. Also, they become more empowered which helps in increasing their job satisfaction and morale.

5 0

3 years ago

Robyn's Retail had 500 units of inventory on hand at the end of the year. These were recorded at a cost of $19 each using the la

podryga [215]

Answer:

Credit inventory 1000 and debit COGS 1000

Explanation:

19*500=9500 <price it is recorded at currently

The rule requires lower cost - market vs. price. Since market cost is lower, you have to find out how much the ending inventory balance should be

17*500=8500

9500-8500=1000

The inventory booked should be lowered, thus requiring credit entry of 1000. Since it is a merchandise loss, it is counted towards cost of goods sold expense, thus debit

8 0

3 years ago

How are bonds rated? how are these rating helpful to the investors?

Lorico [155]

Answer:

Independent agencies; reliability and stability

Explanation:

Bonds are securities which help to raise funds. Bonds generally rated by independent agencies, which rate bonds based on their performance and reliability. Independent agencies forecast the future prices of bonds based on historical data. Investors highly rely on bond ratings because it helps them to identify the best investment decision. Investors usually invest in bonds which are rated higher due to their reliability and future predictions.

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3 years ago