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4 years ago

What best explains the relationship between a borrower’s credit score and a down payment requirement?

Business

2 answers:

grin007 [14]4 years ago

7 0

Answer:

B.Someone with a high credit score may be required to make a lower down payment.

Explanation:

A down payment is an initial payment that is made when you are buying things like real state or a car and the rest of the payment is made with a loan. So, when people ask for a loan to the bank, the amount approved and the initial payment are affected by the credit score the person has. If the person has a high credit score, he/she can get a higher loan which will require a lower down payment but if the person has a low score, then that person will get a lower amount and will require a higher down payment so the bank will be willing to lend the money. According to this, the sentence that best explains the relationship between a borrower’s credit score and a down payment requirement is someone with a high credit score may be required to make a lower down payment.

Likurg_2 [28]4 years ago

5 0

The one that best explains the relationships between borrower's credit score and a down payment requirement is :
B. Someone with a high credit score may be required to make a lower down payment
Someone with high credit score usually correlated with Economic stability

hope this helps

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The board of directors Multiple Choice are hired by the CEO. are elected by shareholders. have unlimited liability since they ov

mr Goodwill [35]

Answer:

are elected by shareholders

Explanation:

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3 years ago

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3 years ago

Group Policy is an automated management tool with which you can set a policy once and allow it to apply to all users and compute

Fudgin [204]

Answer:

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3 years ago

Presented below are various account balances of K.D. Lang Inc.

yulyashka [42]

Answer:

a. Contra Liability and expense account

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c. Long-term and current liability

d. current liability

e. Long-term liability

f. Current asset

g. Current liability

h. current liability

i. current liability

Explanation:

Req. A, B and C

A. Contra liability is a credit liability account for that has an explicit debit liability account. In that case, unamortized premium on bonds payable is a liability for which there is a premium, which is a debit liability. $3,000 is an expense, so it is an expense account.

B. Since the current year is 2017 and the maturity date is 2021, it is a long-term liability.

C. As $200,000 will be matured at the end of the year, it is a current liability. $800,000 is a long-term liability.

Req. D, E and F

D. Due to income tax purpose, employees' wages will be withhold for a specific time, it is a current liability.

E(1,2). Since the notes payable will be matured in 2020, it is a long-term liability. (as operating cycle is more than one year, it is a long-term liability. Whatever assets are used, they are long-term liabilities.

F. Accounts receivable is a current asset account. Therefore, if the balance is credit due to returns, it will not change the account.

Req. G, H and I

G. Since the bonds payable is matured at the end of this period, the entire amount will be current liability.

H. Bank Overdraft is a current liability account whatever the scenario pretends.

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4 years ago