All categories

3 years ago

What financial behaviors will typically lead to a low credit score?

1 answer:

5 0

The behavior that will typically lead to low credit score is <span>A. Maxed out credit cards
When people maxed out their credit cards, the credit card company will most likely to make additional charges before the balance is paid out. Maxed out credt cards would be interpreted as having uncontrollable consuming behavior and will result in low-credit card score.</span>

You might be interested in

The Jackson-Timberlake Wardrobe Co. just paid a dividend of $2.15 per share on its stock. The dividends are expected to grow at

xxTIMURxx [149]

Answer:

(a) $34.4

(b) $38.70(Approx).

Explanation:

(a) Current price:

$=\frac{D1}{Required\ return-Growth\ rate}$

$=\frac{2.15\times(1+0.04)}{0.105-0.04}$

$=\frac{2.15\times 1.04}{0.105-0.04}$

= $34.4

We use the formula:

$A=P(1+\frac{r}{100} )^{n}$

where,

A = future value

P = present value

r = rate of interest

n = time period

(b) $A=P(1+\frac{r}{100} )^{n}$

$A=34.4(1.04 )^{3}$

= 34.4 × 1.124864

= $38.6953

= $38.70(Approx).

$A=34.4(1.04 )^{15}$

= 34.4 × 1.80094351

= $38.6953

= $61.9524

3 0

3 years ago

owner withdrawals cause a(n) (increase/decrease) in owner's equity and are recorded directly in owner's (capital/withdrawal/equi

Alla [95]

Owner withdrawals cause a decrease in owner's equity and are recorded directly within the owner's withdrawal.

<h3>What is a withdrawal?</h3>

Withdrawals are variables in an economy that leak the circular flow of income and reduce the dimensions of national income. Withdrawals include savings, taxation, and imports.

To know more about withdrawal go to the given link:

brainly.com/question/2933232

#SPJ4

6 0

1 year ago

The Alford Group had 320,000 shares of common stock outstanding at January 1, 2018. The following activities affected common sha

jeka57 [31]

Answer:

1. $2.5 Per Share

2. $0.9375 per share

3. $1.25

Explanation:

According to the scenario, computation of the given data are as follow:-

1. EPS 2018

Earning Per Share(EPS) = Net Income ÷ Weighted Average Outstanding Share of Common Stock

2018:- Weighted Average Outstanding Share of Common Stock = (320,000 × 12 ÷ 12) - (24,000 × 10÷12) + (24,000 × 2÷ 12) + (96000 × 1÷12)

= 320,000 - 20,000 + 4,000 + 8,000 =312,000 shares

2018 Net Income = $780,000

Earning Per Share ( EPS ) 2018 = $780,000 ÷ 312,000 = $2.5 Per Share

2. 2019 EPS:-

Common Stock Share at the Beginning of 2019 =320,000 - 24,000 + 24,000 + 96,000 = 416,000 shares

2019:- Weighted Average Outstanding Share of Common Stock = 416,000 × 2 = 832,000

2019 Net Income = $780,000

EPS = $780,000 ÷ 832,000 = $0.9375 per share

3. The 2018 EPS Be Presented in 2019 Comparative Financial Statement = Net Income ÷ (Weighted Average Outstanding Shares Of Common Stock For 2018 × Stock) )

= $780,000 ÷ (312,000 × 2)

= $780,000 ÷ 624,000

= $1.25

5 0

3 years ago

Q 6.30: Rollins Technology is determining ending inventory. In the inventory process, Rollins inadvertently miscategorized a $9,

Musya8 [376]

Answer:

Rollins Technology should the $9,600 inventory to the value of their inventory count

Explanation:

FOB destination means the goods become the buyer's when they are at delivery point,which means that until then they are goods of Rollins Technology

Mis-categorizing such goods as FOB shipping point implies that they were assumed to belong to the owners once shipped,all that is required is for the company to restate the value of the goods in transit by adding it back to the its inventory.

5 0

2 years ago

The COB Division of Northern Corp. produces and sells a product to both external customers and other Northern divisions. Per-uni

svetoff [14.1K]

Answer:

$425

Explanation:

Data provided as per the question

Direct material = $350

Direct labor = $75

The computation of transfer price should be set is shown below:-

Transfer price should be = Direct materials + Direct labor

= $350 + $75

= $425

Note :- The minimum transfer price shall be "Variable Rate" if there is an excess capacity to produce for internal transfer.

8 0

2 years ago