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podryga [215]
3 years ago
8

3 Select the correct answer. Tracy applied for a home loan from her bank. The bank is willing to give her the loan but at a very

high interest rate. Why do you think the bank is charging her a high interest rate? A low amount of credit left B. good payment history OC. bad payment history OD. high number of bank accounts​
Business
1 answer:
denis23 [38]3 years ago
8 0

Answer:

C. bad payment history

Explanation:

Creditworthiness is the term banks, and other lenders use to determine the risk associated with each customer. Credit score ratings place customers into different risk categories. A low credit score signifies a high-risk customer or low creditworthiness. Banks will extend credit facilities to a high-risk customer at a high-interest rate.

A customer with a poor loan repayment history has a low credit score. Tracy is being offered the loan at a high-interest rate due to her low creditworthiness. Her case would be different if she had a better credit score associated with a good loan repayment history.

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Everdeen Inc. has a 90-day operating cycle. If its average age of inventory is 35 days, how long is its average collection perio
mart [117]

Answer:

8.6 days

Explanation:

The formula for average collection period

= Average received turnover ratio / 365 daya

= 90 × 35 / 365

= 8.6 days

5 0
3 years ago
The entry to record the amortization of a patent would include a debit to __________ and a credit to __________. Amortization Ex
Advocard [28]

Answer: Amortization Expense; Patents

Explanation:

The entry to record the amortization of a patent would include a debit to the amortization expense and a credit to the patents.

The journal entry will be:

Debit Amortization expenses XX

Credit Patents XX

Therefore, the correct option is A.

6 0
3 years ago
Perteet Corporation's relevant range of activity is 3,600 units to 8,000 units. When it produces and sells 5,800 units, its aver
creativ13 [48]

Answer:

Total MFG Overhead  $ 20680

Explanation:

Perteet Corporation

Manufacturing overhead consists of Variable manufacturing overhead and Fixed manufacturing overhead.

Variable manufacturing overhead $ 1.40

Fixed manufacturing overhead $ 3.30

Manufacturing overhead per unit    $ 4.7

No of units =  4,400

Total MFG Overhead = 4.7 * 4400 =  $ 20,680

The manufacturing overhead costs do no not consists of Fixed selling expense, Fixed administrative expense ,Sales commissions and Variable administrative expense. Another way of finding the manufacturing overhead costs is subtracting the cost of direct materials and direct labor from the cost of goods sold.

Cost of Goods Sold $ 14.2

Direct materials $ 6.30

Direct labor $ 3.20

Variable manufacturing overhead $ 1.40

Fixed manufacturing overhead $ 3.30

Total Manufacturing Costs= $ 14.2

Less Direct Materials Cost= $ 6.3

Less Direct Labor Costs = $ 3.2

Mfg Overhead= $ 4.7

No Of Units = 4400

Total MFG Overhead = 4.7 * 4400= $ 20680

     

6 0
3 years ago
In 2010, the imaginary nation of Bovina had a population of 5,000 and real GDP of 600,000. In 2011 it had a population of 5,200
Evgesh-ka [11]

Answer:

Option (b) is correct.

Explanation:

In 2010,

Real GDP = 600,000

Population = 5,000

Real GDP per person:

= Real GDP ÷ Population

= 600,000 ÷ 5,000

= 120

In 2011,

Real GDP = 636,480

Population = 5,200

Real GDP per person:

= Real GDP ÷ Population

= 636,480 ÷ 5,200

= 122.4

Growth rate of real GDP per person during the year 2011:

= [(Real GDP per person in 2011 - Real GDP per person in 2010) ÷ Real GDP per person in 2010] × 100

= [(122.4 - 120) ÷ 120] × 100

= (2.4 ÷ 120) × 100

= 0.02 × 100

= 2%

It was seen from the data available on the world bank that the United states real GDP per person is growing at an average rate of 2% between 1910 and 2010.

Hence, the Growth rate of real GDP per person during the year 2011 is about the same as average U.S. growth over the last one-hundred years.

6 0
3 years ago
Is also known as oral administration.
TiliK225 [7]

Answer:

D. Ingestion

Explanation:

Absorption seems like something you would get through the skin. Injection it gets put into your body by a needle. Inhalation is through the nose. Ingestion you swallow.

8 0
3 years ago
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