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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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Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000
fiasKO [112]

Answer:

Barb will earn interest on interest yes because she don't retire the interest

Explanation:

a. Barb will earn compound interest both will aearn compound interest.

b. Barb will earn more interest the first year than Andy both are compound annualy. The first year both will earn the same amount of interest.

c. Barb will earn interest on interest yes because she don't retire the interest and reinvest it.

Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan

d. After five years, Andy will have more money in his account than Barb. No because he spend his interest.

e. Andy will earn more interest the first year than Barb both are compound annualy. The first year both will earn the same amount of interest.

3 0
3 years ago
A _____ is a person who regularly buys stolen property for resale and who often has a legitimate business to cover his activitie
yulyashka [42]

A fence is a person who regularly buys stolen property for resale and who often has a legitimate business to cover his activities.

Legitimate business means a bona fide, active and operating commercial or business entity, or a government agency, charitable institution, or other duly recognized non-profit organization that produces services or goods for profit. I mean

Legitimate Business Reason means a party's compliance with contractual obligations and applicable laws and regulations, including but not limited to data protection, in connection with any action by a party. increase.

Legitimate business interests include valuable and confidential business information, material relationships with specific prospective or existing customers, customer goodwill related to ongoing business, and professional training. increase. identification.

Learn more about legitimate business here: brainly.com/question/24553900

#SPJ4

5 0
1 year ago
The investment a company makes in training employees to perform their duties and redesigning products and processes to improve t
Andre45 [30]

Answer:

True

Explanation:

Prevention Cost is the cost which is incurred to avoid the loss due to defects in the products manufactured, here the cost incurred is as follows:

Training employees that is the benefit from training will be reducing cost and improving quality of the product, therefore, it will be considered as prevention costs.

Further cost incurred for redesigning products and processes will improve the quality of the product and the process therefore this cost can also be considered as prevention costs.

Final Answer

The above statement is true.

4 0
3 years ago
ROE is computed as: A. Net income attributable to controlling interest / Average equity attributable to controlling interest B.
Korvikt [17]

Answer:

The correct answer is E

Explanation:

ROE termed as or stand as Return on Equity, which is described as the  profitability ratio that evaluates the firm ability for generating the profits from its shareholders investment in the company or firm.

The formula to represent ROE is value of Net Income attributable to the equity shareholders.

ROE = Net Income agter Taxes / Shareholders Equity

And there is one more formula which is a disaggregation of ROE into the non- operating as well as operating components, which is as:

ROE = [ROE +(FLEV × Spread)] x NCI

Therefore, option A and C are correct.

6 0
3 years ago
The incentive to improve material well-being by seeking to gain from economic activities is called
Brums [2.3K]

Answer:

Profit Motive

Explanation:

Profit is the monetary gain or commercial reward for engaging in business. Profits increase the wealth of the entrepreneur.

The primary reason why Businesses are established is to generate profits for the owners.  Entrepreneurs commit their resources, time, and efforts to avail goods and services to society expecting to make profits. The desire to increase wealth through profits is what drives people to start a business.

8 0
2 years ago
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