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3 years ago

Explain credit score

1 answer:

5 0

Credit score is based on how well you pay your credit card bills. Say you go to the store and buy a shirt for $10. At the end of the month you can pay the

minimum ($2) or pay the whole $10. If you pay the minimum then you’ll get charged interest. Say interest is 2% and you pay the minimum and don’t charge anymore to your credit card. Next month instead of paying $8 you’ll be paying $10. This makes it easy to slip into debt and debt makes for a poor credit score.

With a poor credit score you can’t apply for a loan for a car or a home.

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Under the modern traditional theory, the sovereign may nationalize foreign-owned property only where: a. it is for a public purp

Nana76 [90]

Answer: a. it is for a public purpose.

Explanation:

According to the Modern Traditional theory on compensation which deals with the seizure of foreign-owned property by the government of the nation in which the property is located, the sovereign authorities may nationalize foreign-owned property if it is deemed to be for public use.

If the government has shown that nationalization is for the good of the nation, the theory espouses that it is allowed. They would however have to provide adequate compensation to those whom the property was seized from.

5 0

3 years ago

Which type of insurance is most likely classified into categories such as term, whole, and variable?

uranmaximum [27]

Life insurance is most likely classified into categories such as term, whole and variable. It is classified into categories because of their contracts where they issue policies that will benefit an individual, a set of people or even a whole with their given categories.

4 0

3 years ago

This morning you purchased a stock that just paid an annual dividend of $2.20 per share. You require a return of 9.3 percent and

Irina18 [472]

Answer:

The capital gain is $3.30

Explanation:

Capital gain = Ending price - Initial price

Initial price = [$2.20(1 + .031)]/(.093 − .031) = $36.58

Ending price = [$2.20(1 + (.031*4))]/(.093 − .031) = $39.88

Capital gains = $39.88 − 36.58 = $3.30

4 0

4 years ago

Sheryl's Shipping had sales last year of $10,000. The cost of goods sold was $6,500, general and administrative expenses were $1

Tanya [424]

Answer:

(a) $1,500

(b) $650

Explanation:

Given that,

Sales last year = $10,000

cost of goods sold = $6,500

General and administrative expenses = $1,000

Interest expenses = $500

Depreciation = $1,000

Firm's tax rate = 35%

(a) Gross Profit:

= Sales last year - cost of goods sold

= $10,000 - $6,500

= $3,500

Earning Before Interest and Taxes (EBIT):

= Gross Profit - General and administrative Expenses - Depreciation

= $3,500 - $1,000 - $1,000

= $1,500

Earning after interest before taxes:

= Earning Before Interest and Taxes (EBIT) - Interest expense

= $1,500 - $500

= $1,000

(b) Net income:

= Earning after interest before taxes - Taxes

= $1,000 - (0.35 × $1,000)

= $1,000 - $350

= $650

(c)Cash Flow From operation:

= Net Income + Non Cash Expenses(Depreciation)

= $650 + $1,000

= $1,650

7 0

3 years ago

In a _____ there are few if any taxes placed on good unloaded from other countries.

GREYUIT [131]

In a free port, there are few if any taxes placed on good unloaded from other countries. Free port means is called as bonded area. This area have lesser custom regulation that's why fewer taxes is charged on the goods.

8 0

3 years ago

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