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Fudgin [204]
3 years ago
15

Which action is least important to maintaining a healthy credit score?

Business
2 answers:
Musya8 [376]3 years ago
8 0
Paying all your bills on time

If you pay your bills on time consistently, your credit score will rise.

If you do not, your credit score will drop, and sooner or later they will not loan you anymore money


hope this helps
IgorLugansk [536]3 years ago
3 0

Answer:

The options for this question are the following:

I. Paying your phone bill late. II. Taking the bus to work. III. Maxing out several credit cards. IV. Using the internet to pay your bills.

The correct answer are I and III.

Explanation:

Taking into account the factors that influence your history, and how a healthy score can bring you benefits, it is time to start developing healthy habits of managing your income and how you handle your debts. Just as maintaining a healthy weight prevents illness, a healthy credit history avoids long-term financial problems. You know that to maintain a healthy weight you must eat healthy and exercise regularly. Healthy eating and exercise for a credit history translates to:

  • Analyze your income. How much do you earn per month in active and passive income? Does anyone help you with your expenses?
  • How much can you acquire from debt? Remember that the golden rule is that your debt does not exceed 30% of your monthly income. For example, if you earn $ 20,000 pesos per month, your debt should not be greater than $ 6,000 pesos per month, and this includes all types of credits you manage.
  • Make budgets for your normal expenses and debts. Based on your income, recurring expenses and debts, you can assign a budget to each thing.
  • Enjoy the fruits of your effort. As time goes by, you will see and receive the benefits of having a healthy credit score.
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A recent study conducted by Estelle Cosmetics Company showed that heavy users of Estelle's products comprise a small percentage
s344n2d4d5 [400]

Answer: Segmentation by usage

Explanation: Segmentation by usage splits customers according to how often they use a product. Using segmentation by usage, customers can be classified into non - users, who don't use the product at all, light and medium users, who can range from little usage of the product to average use of the product, and heavy users, who mostly use these products.

From thr first paragraph it is clear that usage segmentation is used to separate the user's into different classes based on their usage, and identify which class to target when it comes to sales. At Estelle Cosmetics Company, it was deduced that of this company's total sales, less than 7% of this market are heavy users. These users purchase nearly 71% of the company's products. This company will probably focus their marketing efforts on the heavy users, as they contribute to the majority of sales within their company.

7 0
3 years ago
How can a computer system make documenting orders more efficient?
djyliett [7]

by automatically generating shipping forms

4 0
3 years ago
Read 2 more answers
Suppose the nominal annual interest rate on a two-year loan is 8 percent and lenders expect inflation to be 5 percent in each of
Kisachek [45]

Answer:

C. 2 percent.

Explanation:

The computation of the annual real rate of interest is presented below:

Provided that

Nominal annual interest rate = 8%

Inflation rate = 5%

So, the annual real rate of interest is

Real rate of return = {( 1 + nominal annual rate of return) ÷ ( 1 + inflation rate)} - 1

= {( 1 + 0.08) ÷ ( 1 + 0.05)} - 1

= 2%

5 0
3 years ago
Q 4.35: McGinnis Construction is a cash-basis company with a fiscal year-end of June 30. McGinnis’ employees earn a normal weekl
hjlf

Answer: Understatement, $30,900

Explanation:

There will be an UNDERSTATEMENT of McGinnis' net income for the most recent fiscal year of $30,900.

The Understatement arises because as of year end which is June 30th, McGinnis were not paid for their services that cost $40,900 and instead will only be paid on the 8th of the next month so it was not accounted for in the net income.

The reason the net income understatement is $30,900 and not $40,900 is because McGinnis will still have to account for the payment to it's employees. If in a five day week they earn $12,500, that would mean that they earn $2,500 a day (12,500/5). Seeing as June ended on a Thursday, that is a 4 day week which means $2,500*4= $10,000.

That $10,000 will reduce the net income by that amount.

The net effect is a $30,900 UNDERSTATEMENT.

4 0
3 years ago
Delta Corporation has a bond issue outstanding with an annual coupon rate of 7% and 20 years remaining until maturity. The par v
denpristay [2]

Answer:

Current yield is 10.3%

Explanation:

Coupon payment = 1000 x 7% = $70 annually

Number of periods = n = 20 years

Yield to maturity = 11% annually

Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $70 x [ ( 1 - ( 1 + 11% )^-20 ) / 11% ] + [ $1,000 / ( 1 + 11% )^20 ]

Price of the Bond = $557.43 + $124.03 = $681.46

Current yield is the ration of coupon payment to the price of the bond.

Current Yield = Coupon Payment / Price of Bond = $70 / 681.46 = 0.1027 = 10.3%

5 0
3 years ago
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