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muminat
3 years ago
5

Why do lenders use your utilities payment history to approve credit?

Business
1 answer:
nikitadnepr [17]3 years ago
8 0
There is more than one reason, but there are two main things they are looking at.  They need to see if you are paying on time.  The payment history will show if you get behind or not.  And because a utility bill is similar to a loan payment, because you have to pay it or you lose your services, they see how responsible you are by checking that.  The second major reason they do this is to see what your debt is already.  They want to make sure you can afford, with all your bills, to pay them back. 
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Khalid is a 39-year-old, married business owner who runs a dry cleaning service with three locations. His personal obligations a
madam [21]

Answer:

D. A limited liability company because he will only be liable for what he has invested in the business. His personal assets will be protected, and he can be taxed like a sole proprietorship.

3 0
3 years ago
If many firms enter the computer software industry and consequently bid up the price of programmers, then:
Lena [83]

Answer:

the correct option is C) If many firms enter the computer software industry and consequently bid up the price of programmers, then: the long-run industry supply curve will slope downward.

Explanation:

When many firm enter an industry, there is competition and the presence of multiple players will eventually cause the cost of production to decline.

In the short run,  if many firms enter the computer software industry and consequently bid up the price of programmers, then the increase in participation will increase the number of software developed.

In the long run, industry supply curve will slop downwards indicating a price reduction.

4 0
3 years ago
Monogramm just paid a dividend of $2.19 per share. The company said that it will increase the dividend by 15 percent and 10 over
valentinak56 [21]

Answer: $38.03

Explanation:

Based on the information given in the question, dividend for first year will be:

= D1 = $2.19 × 1.15 = $2.5185

D2= $2.5185 × 1.1 = $2.77035

Then, we calculate the value after year 2 which will be:

=(D2 × Growth Rate) / (Required Return-Growth Rate)

=(2.77035 × 1.037) / (0.107-0.037)

=$41.04

Therefore, the stock price today will be:

= (2.5185/1.107) + (2.77035/1.107²) + (41.04)/1.107²

=$38.03

7 0
2 years ago
Economists say that making choices involves comparing​
dimulka [17.4K]

Answer:

Marginal benefits and marginal costs.

Explanation:

5 0
3 years ago
Last year Ann Arbor Corp had $195,000 of assets (which equals total invested capital), $305,000 of sales, $20,000 of net income,
telo118 [61]

Answer:

10.67%

Explanation:

For computing the change in ROE first we have to find out the debt and equity values which are shown below:

The debt value = Total invested capital × debt rate

                         = $195,000 × 37.5%

                         = $73,125

And, the equity value = Total assets - debt value

                                   = $195,000 - $73,125

                                   = $121,875

Now we apply the Return on Equity formula which is presented below:

= (Net income ÷ Total equity) × 100

The net income is $20,000 and the equity value would remain the same

So, the ratio would be = ($20,000 ÷ $121,875) × 100 = 16.41%

And if the net income raise to $33,000

Then the new ROE would be = ($33,000 ÷  $121,875)  × 100 = 27.07%

So, the change in ROE

= New ROE - Old ROE

= 27.07% - $16.41%

= 10.67%

4 0
3 years ago
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