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
gladu [14]
3 years ago
15

When creditors make a decision about approving an individual for a credit card, they consider an individual’s _____.?

Business
1 answer:
nasty-shy [4]3 years ago
8 0
When creditors make a decision about approving an individual for a credit card, they consider an individual's Debt to Income Ratio.

The creditors consider ratio to give your credit score and to determine whether that debtor has the capability to pay back their Debt.
You might be interested in
O’Connell & Co. expects its EBIT to be $83,000 every year forever. The firm can borrow at 11 percent. O’Connell currently ha
andrew11 [14]

Answer:

1. $3,59,666.66

2. $4,10,066.66

Explanation:

1. The computation of value of firm is shown below:-

As the Earning before interest and tax given remains the same, this impact that there is no growth rate in the earnings to consider.

= Earning before interest and tax × (1 - Tax) ÷ Cost of equity

= $83,000 × (1 - 0.35) ÷ (0.15)

= $53,950 ÷ 0.15

= $3,59,666.66

2. The computation of value of levered firm is shown below:-

Value of unlevered firm + Debt × Tax rate

= 3,59,666.66 + ($144,000 × 35%)

= $4,10,066.66

7 0
3 years ago
Creditors are interested in the times interest earned ratio because they want to
Pavlova-9 [17]
Creditors are interested in the times interest earned ratio because they want to "<span>have adequate protection against a potential drop in earnings jeopardizing their interest payments".
</span>

The times interest earned ratio is also known as interest coverage ratio, which measures the capacity of an association to pay its obligation commitments. The proportion is generally utilized by banks to discover whether an debt borrower can bear to assume any extra obligation. It might be figured as either EBIT or EBITDA divided by the aggregate interest which is payable.
7 0
3 years ago
Sykora, Inc., which uses a predetermined overhead rate based on direct labor hours, estimated total overhead for the year to be
bekas [8.4K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Sykora, Inc., which uses a predetermined overhead rate based on direct labor hours, estimated total overhead for the year to be $12,000,000 and total direct labor hours to be 320,000 hours.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 12,000,000/320,000= $37.5 per direct labor hour

In April, Sykora incurred actual overhead costs of $1,050,000 and used 30,000 hours.

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 37.5*30,000= $1,125,000

Over/under allocation= real MOH - allocated MOH

Over/under allocation= 1,050,000 - 1,125,000= 75,000 overallocated

6 0
3 years ago
If a society wants to get the most out of the available resources, money should be spent on pollution control​ (A)​ until pollut
Ksju [112]

Answer: Option C  

           

Explanation: The maximum amount of money that a consumer is willing to pay for having an additional unit of a good or service is called the marginal benefit. Whereas, marginal cost refers to the increase in total cost when one more unit of output is produced.

In the given case, we want to use the available resources at their best, therefore, the money on pollution control should be spent only until the benefit of spending one more dollar is greater than the cost of doing so.

Hence, the correct option is C.

5 0
3 years ago
Roderick is in 11th grade and wants to attend college to become a marine biologist. He knows he will need funds. What should he
Alecsey [184]

Answer – B (He could fill out a FAFSA form to determine what financial aid he would qualify for)

 

<span>The Free Application for Federal Student Aid (FAFSA) form can be filled out annually by both current and soon-to-be college students in the United States to determine whether they are qualified for student financial aid.</span>

6 0
3 years ago
Read 2 more answers
Other questions:
  • What does credit opening balance mean​
    6·2 answers
  • Which of the following pathways are considered part of the government and public service
    12·2 answers
  • A company has the following budget information: Sales: $118,800; COGS: $48,500; Depreciation expense: $1,500; Interest expense:
    12·1 answer
  • Select all that apply Workplace diversity benefits:
    10·2 answers
  • According to the residual theory of​ dividends, if a​ firm's equity need exceeds the amount of retained​ earnings, the firm woul
    10·1 answer
  • Forest Components makes aircraft parts. The following transactions occurred in July.
    15·1 answer
  • . lflandis purchased as a building site, the cost of removing existing structures is not charged to the Land account. 12. Deprec
    6·1 answer
  • A decrease in the long-run average total cost as output increases is due to rev: 06_26_2018 Multiple Choice the law of diminishi
    14·1 answer
  • If units produced are greater than units sold: Multiple Choice
    5·2 answers
  • Assume the following shares outstanding: Preferred stock, 5%, $100 par value, noncumulative, 1,000 shares. No dividends were dec
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!