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3 years ago

Having a good credit score is important because

Business

2 answers:

alex41 [277]3 years ago

7 0

It can impact your ability to be approved for bank loans.

klemol [59]3 years ago

5 0

Because it <span>can impact your ability to be approved for bank loans.</span>

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The agreement of the trial balance totals is an indication that all transactions have been properly recorded in the books of acc

Zina [86]

Answer:

Explanation:

The trial balance shows the totals of all transactions that have been recorded. It has no way of knowing if there are additional transactions that have not been recorded.

3 0

3 years ago

Assume that you have a balance of $4000 on your credit card and that you make no more charges. If your APR is 23.9% and each mon

KatRina [158]

Answer:

The balance will be less than $100 after 44 months payment

Explanation:

In this question, we are asked to calculate the time at which the Balance on a credit card would be less than $100.

To calculate this, we proceed as follows;

The monthly Interest rate = 23.9%/12 = 1.99166667%

Balance after t months = Credit Card balance * [(1 + Monthly interest rate ) * (1- Minimum payment rate)]^t

The credit card balance is $4,000, and the minimum payment rate is 5%

We plug these values into the equation to get;

$4,000 * [(1+1.99166667%) * (1 - 5%)]^t

= $4000 *[1.0199166667 * 0.95]^t

= $4000 * (0.968920836)^t

Balance after t months < 100

$4,000 * (0.968920836)^t < 100

(0.968920836)^t < 0.025

t = 43.9 months = 44 months

6 0

3 years ago

Read 2 more answers

The required rate of return on a certain bond changes from 12 percent to 8 percent, causing the price of the bond to change from

Olenka [21]

Answer:

the bond's price elasticity = - 0.67

Explanation:

present bond value = $1100

previous bond value = $900

change in bond value = $1100 - $900 = $200

present bond percentage = 8%

previous bond percentage = 12%

% change in bond value = 8% - 12% = - 4%

Bond price elasticity = $\frac{change in bond value}{previous bond value}/\frac{change in percentage}{previous percentage}$

= $\frac{200}{900} / \frac{-4}{12}$

= $\frac{2}{9} * -3$

= - 0.67

5 0

2 years ago

Martin puts his weekly paycheck into his checking account. In which column should he write the value of his paycheck? A checking

cluponka [151]

Answer:

deposits

Explanation:

8 0

2 years ago

Reading from left to right, which list shows the tax types that proportionally increase with a rise in income?

Murrr4er [49]

Answer:

Regressive, proportional, progressive

Explanation:

There are three main tax categories: regressive, proportional, and progressive.

Regressive Tax

Regressive taxes are type f tax accessed as a percentage of the value of an asset purchased or possessed. Under this system, low-income earners tend to pay a higher amount compared to high income earners because it has no correlation with what the taxpayer earns or their income level.

Proportional Tax

In a proportional tax system, everyone irrespective of their income pay the same rate. This tax system affects everyone equally.

Progressive Tax

A progressive tax has it name implies is progressive in nature.The tax rate increases as the income level of the tax payer increases. Therefore high-income earning individuals pay more than low-income earning individuals

3 0

3 years ago