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Llana [10]
3 years ago
6

Latisha is shopping for a car and an auto loan to purchase the car. All of the following statements are true, except: If Latisha

applies for credit at multiple auto lenders for the same amount within the same week, most credit scoring models will treat this as one credit application. All of these answer statements are exceptions. Latisha should avoid shopping for the lowest auto loan interest rate possible, because multiple credit applications will cause her credit score to go lower, leading to a higher interest rate. Latish should shop around at different lenders to find the best loan terms possible for her auto loan.
Business
1 answer:
laiz [17]3 years ago
3 0

Answer:

If Latisha applies for credit at multiple auto lenders for the same amount within the same week, most credit scoring models will treat this as one credit application.

Explanation:

If you apply for multiple credits during the same week, each credit will be considered an independent credit application by the three credit agencies (Equifax, Experian, and TransUnion). Credit rating agencies have been around for several years, Equifax has been around since 1899, so they already know all the tricks that borrowers can even imagine. Probably several years ago before computers were extremely common, you could trick a credit rating agency by applying to several credits at the same time, but nowadays everything is online and connected, so you are wasting your time and hurting your credit record.

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Consider two economic regions, region A and region B. If region A has strict union protection laws present, while region B lacks
Stolb23 [73]

Answer:

B. A higher unemployment rate

Explanation:

High union memership can increase unemployment in two ways:

  • Creating a barrier of entry because non-unionized workers can be barred from getting employed in industries with high union membership.
  • Pushing salaries above the marginal productivity of labor, especially the minimum wage, causing firms to hire less because hiring becomes more costly.

4 0
3 years ago
Adjustment error. The accountant for Stringer Services failed to adjust the Supplies account to recognize the amount consumed du
gladu [14]

Answer:

a. unaffected

b. understated

c. overstated

d. overstated

e. overstated

f. unaffected

Explanation:

The journal adjustment entry for supplies consumed should be;

Supplies expense A/C                                            Dr.

     To Supplies  A/C                                    

(Being supplies consumed recorded)

Supplies expense being an expense and supplies being an asset, the omission would lead to understated expenses since the expense has not been recorded and overstated assets since the cost of supplies used was supposed to be reduced from assets balance.

6 0
3 years ago
Taylor loves the lifestyle associated with being a salesperson, allowing her to take a day off during the week and make it up on
Readme [11.4K]

Answer: Flexibility

Explanation:

  According to the question, Taylor likes the flexible values so that she creates her own comfortable schedule.

The flexibility in the schedule provide the job satisfaction and balanced the life as she loves the lifestyle of being sales person.

It also helps in reduce the stress if you are satisfied with the work-life balance and also increase the productivity of an organization. Therefore, Flexibility is the correct answer.

3 0
3 years ago
Phi Upsilon Nu, a student social organization, has two different locations under consideration for constructing a new chapter ho
Elza [17]

Answer:

Phi Upsilon Nu

The total annual costs for the Alpha Ave. location with twenty persons living there is:

= $9,000.

Explanation:

a) Data and Calculations:

ANNUAL OPERATING COSTS

LOCATION   FIXED        VARIABLE                Total Costs

Alpha Ave.  $5,000      $200 per person     $9,000 ($5,000 + $200 * 20)

Beta Blvd.   $8,000       $150 per person     $11,000 ($8,000 + $150 * 20)

b)The variable cost of each location varies according to the number of persons living there and the rate incurred per person.  The fixed cost does not vary, at least, with the relevant range for either location.  When the total variable costs are computed, these are added to the fixed cost to obtain the total costs.  Then there is a comparison of the two locations to determine the location with the least total costs.

7 0
3 years ago
"analytic solver" ADC also is concerned about cash flow in years 2, 3, 4, and 5. Use Analytic Solver to estimate the distributio
Hatshy [7]

Answer:

is there an image that shows the amount of $

Explanation:

can't solve without knowing the amount sorry

5 0
3 years ago
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