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
Bingel [31]
3 years ago
6

If you co-sign for a friend's credit card, what is the danger to you if your friend fails to pay? A. You might get secured credi

t. B. You might have to pay extra money in taxes. C. Your credit score might go down. D. Your credit score might go up.
Business
2 answers:
klasskru [66]3 years ago
7 0

Answer:

The correct option is C

Explanation:

When the person who co- sign for a credit card of a friend, then the person will be in a danger of lowering its own credit score if the person's friend fails to pay for the payment.

Credit score is a expression in terms of numerics grounded on the level analysis of the credit files of the person and also represent the credit worthiness of the person. It is used by lenders for determining who qualifies for the loan and for credit limits.

iren [92.7K]3 years ago
6 0

Answer:

C. Your credit score might go down.

Explanation:

i just did the assignment  

You might be interested in
Dynamo Corporation manufactures toasters. Each toaster comes with a 5-year assurance-type warranty. The toasters sell for $50 ea
Leno4ka [110]

Answer:

1.Dr Cash 25,000

Cr Sales revenue 25,000

2. Dr Warranty expense 2,500

Cr Warranty liability 2,500

3.Journal entry for actual warranty expense

Dr Warranty liability 500

Cr Cash 500

Explanation:

Preparation of Dynamo's journal entries related to the sales and warranty in Year 1.

1.Dr Cash 25,000

Cr Sales revenue 25,000

(50*500)

2. Dr Warranty expense 2,500

Cr Warranty liability 2,500

3. Dr Warranty liability 500

Cr Cash 500

7 0
3 years ago
Camper's Edge Factory produces two products: canopies and tents. The total factory overhead is budgeted at $750,000 for the year
Pavel [41]

Answer:

Camper's Edge Factory

Departments                                  Cutting             Sewing

a. The total number of budgeted

   direct labor hours for the year  60,000            70,000

b. Products                                     Canopy          Tent

   Factory overhead per unit         $17.50            $40

Explanation:

a) Data and Calculations:

Total budgeted factory overhead = $750,000

                                               Canopy        Tent     Total

Direct labor hours  

Cutting                                       2                     1         3

Sewing                                       1                     6         7

Total direct labor hours            3                    7

Budgeted production units 20,000          10,000

Departments                              Cutting                        Sewing

Budgeted factory overhead  $350,000                     $400,000

Direct labor hours:

Canopy                                  40,000 (20,000 * 2)          10,000 (10,000 * 1)

Tent                                       20,000 (20,000 * 1)          60,000 (10,000 * 6)

Total direct labor hours        60,000                              70,000

Overhead allocation rates     $5.833                               $5.714

                         ($350,000/60,000)                              ($400,000/70,000)

Overhead per unit              $17.50 ($5.833 * 3)            $40 ($5.714 * 7)

               

5 0
2 years ago
At market equilibrium, Group of answer choices quantity demanded equals quantity supplied. surpluses are greater than shortages.
Tom [10]

Answer:

quantity demanded equals quantity supplied

Explanation:

The market equilibrium is the price at which the quantity demanded and the quantity supplied cross each other. The intersection could be made by supply and demand curves.

Therefore, there is a direct relationship between the price and the quantity supplied, while the price and quantity demanded have an inverse relationship.

When the quantity demanded and the quantity supplied are intersect at the price so we called market equilibrium

6 0
3 years ago
A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied;
iVinArrow [24]

Answer:

supply curve to the right.

Explanation:

A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied; conversely, especially good weather would shift the supply curve to the right. Drought refers to a period characterized by little or no rainfall in a geographical location over a specific period of time. When there's a drought, the production of agricultural products will be very much affected, thereby causing a decrease in the quantity of farm products.

On the other hand, a good weather would cause an increase in the quantity of farm products and as a result of this, the supply curve would shift rightward because there's enough product to meet the customer's demands or needs.

4 0
3 years ago
(50 POINTS) 1 HOUR TO ANSWER PLEASE HELP. LIFE INSURANCE?
GenaCL600 [577]
1) C
2)B
3) A Hoped this helped you!
3 0
2 years ago
Other questions:
  • Lonergan, Inc., a calendar year S corporation in Athens, Georgia, had a balance in AAA of $200,000 and AEP of $110,000 on Decemb
    13·1 answer
  • FDR is credited with increasing federal government in an attempt to relieve the Great Depression by A) overriding Congress and s
    11·2 answers
  • produces considerable inefficiency in the use of scarce resources. effectively harnesses the incentives of workers and entrepren
    6·1 answer
  • The desire for a product class rather than for a specific brand is called __________ demand.
    8·1 answer
  • Jack complains that his wife is not sufficiently supportive, which causes him to do poorly at his job. jack's wife responds that
    8·1 answer
  • Adverse selection occurs in the market for used cars because used car buyers ______
    6·1 answer
  • In the short​ run, the marginal cost of the first unit of output is​ $20, the marginal cost of producing the second unit of outp
    11·1 answer
  • A _________________ form is a document that is used to ensure that employees are aware of the fact that their use of company equ
    13·1 answer
  • Can some one give me a crown I really want one 82 points if you do
    8·2 answers
  • In the long run, the competitive firm's supply curve is the a. entire marginal-cost curve. b. portion of the marginal-cost curve
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!