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
makkiz [27]
4 years ago
13

Why is a bank more likely to offer you credit if you have a co-signer with good credit?

Business
2 answers:
Gwar [14]4 years ago
6 0
Because if you default on the loan they will go after the co-signer for the balance due. Since the co-signer has good credit he won't want to ruin it and that will make him a good bet that he will pay back the loan.

Karo-lina-s [1.5K]4 years ago
3 0

Answer:

Because it provides a guarantee that the loan will be paid.

Explanation:

A co-signer is a person that signs with another person a loan in which accepts to make the payment if the borrower doesn't do it. A co-signer is requested when a person have a low credit score or doesn't have enough credit history and he/she have a good credit score which helps assure the bank that the money will be paid back.

You might be interested in
Widget Corp. wants to shift its list of inventory to a cloud so that its different branches can access it easily. The company ne
rusak2 [61]

Answer:

a. hybrid cloud

Explanation:

Based on the information provided within the question it can be said that the most suitable cloud computing for this would be a hybrid cloud. This type of system uses a mix of private and third party public cloud services that interact with each other. It is the most cost effective and mission critical way of solving this problem.

6 0
3 years ago
Kim was a part of a team with a big project deadline. to get the job done, he assumed a leadership role. this type of leadership
dybincka [34]
<span>He assumed a formal leadership role. This means that he exercised his authority in the group in order to accomplish the project that they were given. This put him in a position of power as others had to answer to him in order to help with the project.</span>
4 0
4 years ago
Dearborn Company has earnings per share of $2.80, it paid a dividend of $2.10 per share, and the market price of the company's s
marissa [1.9K]

Answer:

The price/earnings ratio is closest to 21.79

Explanation:

Price / Earning ratio is used to assess the owner`s appraisal of share value. The higher the ratio the more confident that the shareholders have on company's future performance.

Price / Earning ratio = Market price of Share ÷ Earnings per share

                                  = $61 ÷ $2.80

                                  = 21.79

6 0
3 years ago
If actual inflation exceeds anticipated inflation, who will lose purchasing power and who will gain
Marina CMI [18]
Inflation that exceeds anticipated inflation would have distinctive impacts that depends upon your identity or who you are. A worker would most likely feel the repercussions as lower compensation, loss of rewards, and the failure to work extra time, consequently prompting less obtaining power.

If inflation is higher than expected, the losers are the individuals who consent  and agree to offer or sell at a value that anticipated lower inflation and the individuals who consented to pay the cost or price are considered as the winners. 
6 0
3 years ago
In January 2020, Sunland Company, a newly formed company, issued 10300 shares of its $8 par common stock for $13 per share. On J
balu736 [363]

Answer:

The correct option is the acquisition of these treasury shares decreased total stockholders' equity.

Explanation:

Initially the total stockholders' equity is $133,900 ($13*10,300) which comprised of $82,400  common stock ($8*10,300) $51,500 paid in capital in capital in excess of par value.

By repurchasing 1,030 treasury stock at $10,the total stockholders' equity decrease by $10,300,which leaves a balance of $123,600 ($133,900-$10,300).

In other words,the first option is the correct choice of answer

4 0
3 years ago
Other questions:
  • Binder and Sons borrowed $138,000 for three years from their local bank and now they are paying monthly payments that include bo
    11·1 answer
  • There are three components to dr. juran's process improvement strategy, known as the _____________ : planning, control, and impr
    7·1 answer
  • Increasing returns to adoption imply that technology trajectories are characterized by _____, meaning that relatively small hist
    15·1 answer
  • Simone Lowes, a successful retail chain from Spain, failed to establish its market in Germany. The main reasons for its failure
    8·1 answer
  • The amount of interest you will earn in one year from a savings account is the _____.
    7·1 answer
  • You have rented your first apartment, signing a lease that commits you to pay $500 each month for 12 months. You have an opportu
    14·1 answer
  • On January 1, Year 1, Sterling Corporation issued stock options for 260,000 shares to its CEO. The options have an estimated fai
    11·1 answer
  • Celeste is working with a Ford Motor Company, one of her clients to negotiate the use of Ford trucks in an upcoming country musi
    7·1 answer
  • If 15,000 fans bought tickets totaling $450,000, what was the average price per ticket?
    10·1 answer
  • [Disappointing Boat Purchase] Ava went to purchase a new boat. She wanted a boat she could use in a nearby lake and also take to
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!