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
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.

You might be interested in
What is a subcontractor
iren [92.7K]

Answer:

A subcontractor is a company or person who is hired by a general contractor (or prime contractor, or main contractor) to perform a specific task as part of the overall project and is normally paid for services provided to the project by the originating general contractor.

Hope it helps!!! Please give brainliest!!!

4 0
3 years ago
Exercise 4-9 Recording purchases, sales, returns, and shipping LO P1, P2 Following are the merchandising transactions of Dollar
GenaCL600 [577]

Answer:

Dollar Store

Journal Entries:

Nov. 1 Debit Inventory $2,900

Credit Accounts Payable $2,900

To record the purchase of goods on terms of 2/5, n/30, FOB shipping point, invoice dated November 1.

Nov. 5 Debit Accounts Payable $2,900

Credit Cash $2,842

Credit Cash Discount $58

To record the payment for the goods, including discounts.

Nov. 7 Debit Cash $250

Credit Inventory $250

To record the return of goods for cash.

Nov. 10 Debit Freight-in $145

Credit Cash $145

To record payment for transportation of goods.

Nov. 13 Debit Accounts Receivable $3,132

Credit Sales Revenue $3,132

To record the sale of goods with terms n/30.

Debit Cost of goods sold $1,566

Credit Inventory $1,566

To record the cost of goods sold.

Nov. 16 Debit Sales Returns $270

Credit Accounts Receivable $270

To record the return of goods.

Debit Inventory $135

Credit Cost of goods sold $135

To record the cost of goods returned.

Explanation:

a) Data and Analysis:

Nov. 1 Inventory $2,900 Accounts Payable $2,900

on terms of 2/5, n/30, FOB shipping point, invoice dated November 1.

Nov. 5 Accounts Payable $2,900 Cash $2,842 Cash Discount $58

Nov. 7 Cash $250 Inventory $250

Nov. 10 Freight-in $145 Cash $145

Nov. 13 Accounts Receivable $3,132 Sales Revenue $3,132

with terms n/30

Cost of goods sold $1,566 Inventory $1,566

Nov. 16 Sales Returns $270 Accounts Receivable $270

Inventory $135 Cost of goods sold $135

8 0
3 years ago
Question 13 of 20
TEA [102]

Answer:

Explanation:

Answer :A

5 0
3 years ago
Read 2 more answers
Assume the demand curve is more elastic than the supply curve for the product: chewing tobacco. If the government wants to tax c
Over [174]

Answer:

The producers will bear more of the tax than the consumer because the supply curve is more inelastic than the demand curve.

Explanation:

The options to this question wasn't provided. Here are the options:

The consumers will bear more of the tax than the producer because the supply curve is more inelastic than the demand curve.

The producers will bear the entirety of the tax because the supply curve is more inelastic than the demand curve.

The producers will bear more of the tax than the consumer because the supply curve is more inelastic than the demand curve.

The consumers will bear the entirety of the tax because producers set the price.

The producers will bear the entirety of the tax because the government imposed the tax directly on them.

Demand is elastic if a small change in price has a greater effect on the quantity demanded.

Supply is elastic if a small change in price has a greater effect on the quantity supplied.

The more elastic demand or supply is the more sensitive quantity demanded or supplied to changes in price.

The burden of tax refers to who pays the tax.

If demand is more elastic that supply it means that demand is more price sensitive to changes in price that supply.

This means that if a tax is imposed which increases the price of the good, quantity demand would change more than quantity supplied.

Therefore, the burden of tax is borne by the party with the less elasticity.

I hope my answer helps you

4 0
3 years ago
Financial manager at Marshall Manufacturing, Chase is exploring sources of long-term funds to finance the construction of Marsha
daser333 [38]

Answer:

A. True

Explanation:

Since Chase wants a long term fund that doesn't require a interest, it can be advisable that Chase uses the company's retained earnings.

Retained earnings (RE) is the amount of net income left over for the business after it has paid out dividends to its shareholders. A business generates earnings that can be positive (profits) or negative (losses).

8 0
3 years ago
Other questions:
  • Suppose nanospeck, a biotechnology firm, is selling bonds to raise money for a new lab—a practice known as
    13·1 answer
  • You are driving a car that does not have anti-lock brakes (abs). if the road is slippery and you need to make an emergency stop,
    13·2 answers
  • A _______ is a cluster of complementary products and services that are closey related in the minds of consumers but are spread a
    14·1 answer
  • The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31.
    7·1 answer
  • Jack and Jill have trouble keeping their checking account balanced. Because they never know how much is really in their account,
    8·1 answer
  • Teall Development Company hired you as a consultant to help them estimate its cost of capital. You have been provided with the f
    5·1 answer
  • ​_____ is building and maintaining relationships with people whose interests are similar to​ one's own or with whom relationship
    9·1 answer
  • Nguyen was trying to decide between purchasing the common stock shares of McAlister Manufacturing, or preferred shares of the sa
    8·1 answer
  • Calculate the interest for a loan of $10,000 with an interest
    9·1 answer
  • what is an example of an activity that would be considered a management function for an sec audit client?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!