Answer:
B. The fact that I am a good person.
Explanation:
Credit history refers to a person's track record in borrowing and repayments of loans. It shows whether the individual has honored their debts in full and on time. Credit history is useful when applying for a loan from formal institutional lenders.
A bad credit history shows a person had issues in paying their loans. It affects their future borrowing as lenders may assess them as high-risk customers. Bad credit history attracts high-interest rates. Employers may judge some persons as poor money managers hence avoid hiring them.
Bad credit history is about debt payment but not who the person really is. Inability to repay loans may be caused by several factors such as illness or loss of income. A person's character remains the same regardless of their credit history.
Answer:
$23.45 per unit
Explanation:
Given that,
Units produced = 9,000 units
Direct labor = $7.25 per unit
Direct material = $8.00 per unit
Variable overhead = $5.50 per unit
Total production cost = $28.25 per unit
Fixed overhead:
= $67,500 ÷ 25,000 units
= $2.70 per unit
Total product cost per unit:
= Direct material cost per unit + Direct labor cost per unit + Variable overhead cost per unit + Fixed overhead
= $8.00 per unit + $7.25 per unit + $5.50 per unit + $2.70 per unit
= $23.45 per unit
They make laws to regulate the economy. Hope this helps :)
Answer:
(a) 8 times
(b) 45.6 days
Explanation:
Given that,
Cost of goods sold = $500,000
Average inventory = $62,500
Assume 365 days a year.
(a) Inventory turnover ratio:
= Cost of goods sold ÷ Average inventory
= $500,000 ÷ $62,500
= 8 times
(b) Number of days' sales in inventory days:
= 365 days ÷ Inventory turnover ratio
= 365 days ÷ 8
= 45.6 days
