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olga_2 [115]
3 years ago
9

In a few sentences, explain how a credit score affects creditworthiness and the cost of credit.

Business
1 answer:
Anastasy [175]3 years ago
3 0
A credit score is the number that is assigned to the lenders that measure how well they are able to pay a debt. Credit scores are affected by how the previous loans were paid as well the amount of the loan. Late payments, short term loans, and small loans will result to a low credit score.
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A change from straight-line depreciation to double-declining-balance depreciation would be reported as a restatement of the prior period statements only.

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Depreciation expense is apportioned to charge a reasonable portion of the depreciation amount for each accounting period over the expected useful life of the asset. Depreciation includes the depreciation of assets with a predetermined useful life.

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The concept by which pay is distributed based on work produced rather than hours worked was called piece work. <span>Piece </span>work<span>, or output </span>work<span> as it is sometimes </span>called<span>, is </span>the concept<span> that workers are </span>paid<span> for </span>work produced rather than<span> the number of </span>hours worked<span>. Hope this answers the question. Have a nice day.</span>
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