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4 years ago

Which best explains what a credit score represents?

2 answers:

7 0

A credit score is a statistical number that depicts a person's creditworthiness. Lenders use a credit score to evaluate the probability that a person repays his debts. Companies generate a credit score for each person with a Social Security number using data from the person's previous credit history. A credit score is a three-digit number ranging from 300 to 850, with 850 as the highest score that a borrower can achieve. The higher the score, the more financially trustworthy a person is considered to be.

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Nady [450]4 years ago

3 0

You might be interested in

Develop an Excel worksheet simulation for the following problem. The management of Paragon Household Products is considering the

Alexxandr [17]

<h2><u>Disclamer:</u></h2>

As it ask to run simulations the values calculates will difer even if you follow the same step as I did.

Answer:

Mean Profit: $ 4,295

Probability of loss: 29.80%

As the product has a mean profit it will on average generate gains

but:

as the standard deviation of the simulation was $ 7,778.40

<u>we should not invest on the product as it is to variable</u>

<u>Explanation</u>:

We are going to use the =RAND() function of excel

which, generates a random number between 0 and 1

This will be done 1,000 times 500 for the variable cost

and 500 for the demand.

Then we copy and paste this numbers to get them fixed.

Then, we convert them into actual cost and demand in units considering their distribution

using excel dist.norm.inv

Now, with this values we solve for profit on each one.

<u></u>

FOr the complexity I attached the excel file as the plataform interface cannot handle large tables.

Download xlsx

6 0

3 years ago

Assume that IBM leased equipment that was carried at a cost of $67,000 to Crane Company. The term of the lease is 5 years Decemb

maw [93]

Answer:

Date Account Title Debit Credit

Dec. 31, 2019 Lease Receivable $97,001

Cost of Goods sold $67,000

Sales Revenue $97,001

Inventory $67,000

Date Account Title Debit Credit

Dec. 31, 2019 Cash $22,879

Lease Receivable $22,879

4 0

3 years ago

Anita, a good friend of yours wants to invest in the natural resources of nigeria. What type of international investment should

Fiesta28 [93]

Anita should consider regional funds as the ideal type of international investment to invest in Nigeria's natural resources.

<h3 /><h3>What are regional funds?</h3>

It corresponds to a specific type of investment in securities in a location, it is managed by managers on a mutual basis, with a wide range of operations that are beyond its location.

Therefore, regional funds represent a safer alternative for investing in other countries, as their management is geared towards this end, with greater security and control as they are mutual funds.

Find out more about regional funds on:

brainly.com/question/4521829

#SPJ1

8 0

1 year ago

Opal Production Company uses a standard costing system. The following information pertains to the current year: Actual factory o

Mariulka [41]

Answer:

$750 Unfavorable

Explanation:

The calculation of variable overhead efficiency variance is shown below:-

Variable overhead efficiency variance = (Actual direct labor hours - Standard hours allowed) × (Variable factory overhead ÷ Factory overhead rate)

= (10,000 hours - 9,500 hours) × ($18000 ÷ 12000)

= 500 hours × $1.5

= $750 Unfavorable

Therefore for computing the variable overhead efficiency variance we simply applied the above formula.

8 0

4 years ago

Capitalizing the cash cost of a piece of equipment is.

ANTONII [103]

Answer:

converting it to an asset on the balance sheet.

Explanation:

Capitalizing a cost means converting it to an asset on the balance sheet. For example, if a company pays $10,000 in cash for piece of equipment, its financial statements don't show that it "spent" $10,000. Rather, they show that it converted $10,000 worth of cash into $10,000 worth of equipment, an asset.

6 0

3 years ago