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3 years ago

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

2 answers:

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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Scout Company sold $15.000 of merchandise in September with a three-month warranty. The cost to repair defects under warranty is

chubhunter [2.5K]

Answer: debit to Product Warranty Expense for $750

Explanation: 5% of $15000 =

5 ÷ 100 × $15000 is $750.

This is an expense and so will be a debit.

8 0

2 years ago

Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next three years, with the growth

user100 [1]

Answer:

The current share price is $71.05

Explanation:

P3 = D3(1 + g)/(R – g)

= D0[(1 + g1)^3](1 + g2)/(R – g)

= [$1.45*(1.20)^3(1.08)]/(0.11 – 0.08)

= $90.20

The price of the stock today is the PV of the first three dividends, plus the PV of the Year 3 stock price given by:

P0 = $1.45(1.20)/1.11 + $1.45[(1.20)^2]/1.112 + $1.45[(1.20)^3]/1.113 + $90.20/1.113

= 1.568 + 1.695 + 1.832 + 65.958

= $71.05

Therefore, The current share price is $71.05

7 0

3 years ago

You deposited ($1,000) in a savings account that pays 8 percent interest, compounded quarterly, planning to use it to finish

olga55 [171]

Answer:

Present value (PV) = $1,000

Interest rate (r) =8% = 0.08

Number of years (n) = 18 months = 1.5 years

No of compounding periods in a year = 4

Future value (FV) = ?

FV = PV(1 + r/m)nm

FV = $1,000(1 + 0.08/4)1.5x4

FV = $1,000(1 + 0.02)6

FV = $1,000 x 1.1262

FV = $1,126

Explanation:

The amount to be received in 18 months is $1,126. This is obtained by compounding the present value at 8% compounded quarterly for 18 months. The formula to be applied is the formula for future value of a lump sum(single investment).

4 0

2 years ago

Well over 50% of all projects fail. Research and discuss how the planning process plays an important role in the success or fail

BigorU [14]

Answer:

Project planning plays an essential role in helping guide stakeholders, sponsors, teams, and the project manager through other project phases. Planning is needed to identify desired goals, reduce risks, avoid missed deadlines, and ultimately deliver the agreed product, service or result.

Explanation: The key in planning is to look at each of the knowledge areas below and make sure you and your team will address each of these areas in ways that will help reach all the end goals.

Communications

Costs

Human resources

Procurement

Quality of deliverables

Business requirements

Risks

Schedules

Project scope

Stakeholders

The key to a successful project is in the planning. Creating a project plan is the first thing you should do when undertaking any project.

Often project planning is ignored in favor of getting on with the work. However, many people fail to realize the value of a project plan for saving time, money and many problems.

7 0

3 years ago

What is true about government budget deficits and surpluses since 1940?

Pani-rosa [81]

I think your answer should be c. Hope this helps. :)

5 0

3 years ago