1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
m_a_m_a [10]
3 years ago
10

Jamal tried to apply for a mortgage. However, he was turned down for the loan because the loan officer noticed that he had made

late payments to his credit card and he had not made payments on a loan. What questions should he have asked himself before deciding to buy a home
Business
1 answer:
tino4ka555 [31]3 years ago
7 0

Answer:

The two questions that he must ask from himself are:

  • Do you have credit report?
  • Do you have good credit score?

Explanation:

The reason is that the banks are giving you money and are worried about whether or not you are going to pay them back or not. So they require some evidences whether the person has any credit report and good credit score which shows that the person will be worried to pay the bank and if he is not able to pay he find alternative as he is a responsible person. So these two questions assesses whether the person is capable to pay the mortgage.

You might be interested in
Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $5
mash [69]

Answer:

PV= $37,204.70

Explanation:

Giving the following information:

Interest rate= 6% compounded semiannually= 0.03

Future value= $50,000

Number of periods= 5*2= 10

To calculate the initial investment to reach the objective, we need to use the following formula:

PV= FV/(1+i)^n

PV= 50,000/(1.03^10)

PV= $37,204.70

8 0
4 years ago
Produced by paul, the ____________ album was recorded between 2/77 and 1/78 in both the uk and off the virgin islands during six
belka [17]

Answer:

London town

Explanation:

8 0
4 years ago
Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustment), and bad debt expense is
andrew11 [14]

Answer:

The correct answer is c) $9,000

Explanation:

If net credit sales are $300,000 and bad debt expense is estimated at 3% of net credit sales.

$300,000 x 3%= $9,000

or

$300,000 x 0.03= $9,000

The amount of the adjusting entry to record the estimated uncollectible accounts receivables is $9,000

7 0
3 years ago
Which loan type requires you to make loan payments while you’re attending school?
FrozenT [24]
I think the correct answer from the choices listed above is option A. The loan type that  requires you to make loan payments while you’re attending school would be unsubsidized federal loan. For this type, y<span>ou are responsible for paying the interest on a Direct Unsubsidized Loan during all periods. Hope this answers the question.</span>
5 0
3 years ago
If an economy experiences increasing opportunity costs with respect to two goods, then the production possibilities curve betwee
umka2103 [35]

Production possibilities curve between the two goods will be a straight, downward-sloping line if the opportunity cost rise.

<h3>What is production possibilities curve?</h3>

The production possibilities curve serves as graph that display the relationship between the resources and the output that can be produced.

Therefore, when the opportunity cost that exists between two goods, there will be. downward slope as regards the production possibilities curve.

Learn more about production possibilities curve at;

brainly.com/question/2601596

#SPJ1

8 0
2 years ago
Other questions:
  • Harriet works at Good Steaks,a local bar and restaurant.Her manager is always barking orders at her,saying she needs to move fas
    7·1 answer
  • Q 6.20: Switzer, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $600 and orig
    12·2 answers
  • Frito-lay, which is widely known for producing chips and other snack products, tried to introduce frito-lay lemonade. the reason
    10·1 answer
  • Real World Financials ABC Corporation reported the following information in its financial statements for three successive quarte
    8·1 answer
  • Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
    12·1 answer
  • On june 8, williams company issued an $80,000, 5%, 120-day note payable to brown industries. assuming a 360-day year, what is th
    11·1 answer
  • You bought a share of 6.6 percent preferred stock for $97.68 last year. The market price for your stock is now $102.42. What is
    8·1 answer
  • Jane bought a $3,000 audio system and agreed to pay for the purchase in 10 equal annual installments beginning one year from tod
    7·1 answer
  • In two paragraphs, using your own words, compare and contrast the responsibilities of a facilities manager with those of a gener
    11·1 answer
  • The west coast of scotland has a warmer and more stable climate than areas at equal latitudes but further inland. It is also muc
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!