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2 years ago

Inflating your income to get a loan approved is:

Business

1 answer:

Deffense [45]2 years ago

3 0

Answer:

If you falsely inflate your income, decrease your rent/mortgage payment, claim to be employed when you aren't or neglect to report your entire debt load, you may be approved for more credit. This may sound tempting, especially if you're in financial straits, but it's illegal

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It is important to shop around for credit because banks and financial institutions have varying credit histories. charge differe

JulsSmile [24]

Answer:

follow different laws

Explanation:

In simple words, Shopping around is really a good idea, whether you're obtaining your first credit account or you've already established credit and want more of it. Searching widely is often the only way to locate a lenders that will cooperate with you. It's also the greatest method to obtain a decent bargain in some instances.

Different creditors have different laws, which affect their terms and conditions regarding interest rate, tenure etc.

8 0

2 years ago

In the traditional labor model, the amount that an additional worker hired adds to the revenues of the firm is called the _____

Aloiza [94]

Answer:

The correct answer is marginal product.

Explanation:

The marginal product of labor is the change in the output or total product because of hiring an additional unit of labor. In other words, the amount that an additional worker adds to the revenue is its marginal product.

It can be expressed as,

$MP_{L} \ =\ \frac{\Delta Y}{\Delta L}$

The marginal product of labor depends on the quantity of capital and labor already employed.

5 0

3 years ago

Keep-or-Drop Decision Petoskey Company produces three products: Alanson, Boyne, and Conway. A segmented income statement, with a

MAVERICK [17]

Answer:

Profit will reduce by $28,000

Explanation:

The impact on profit that would result from dropping Conway is shown below:-

Alanson Boyne Conway Total

Sales revenue $1,024,000 $185,000 - $1,209,000

($1,280,000 × 80%)

Less

Variable expenses $892,000 $45,000 - $937,000

($1,115,000 × 80%)

Contribution margin$132,000 $140,000 $ - $272,000

Less:

Direct fixed expenses

Depreciation $50,000 $15,000 $10,000 $75,000

Salaries $95,000 $85,000 $ - $180,000

Segment margin ($13,000) $40,000 ($10,000) $17,000

Existing Profit $45,000

Profit will reduce by $28,000

6 0

3 years ago

The economic indicator that reflects activity of u. s. entities without regard to where the activity takes place is?

USPshnik [31]

The economic indicator that reflects the activity of the U.S. entitled without regard to where the activity takes place is GNP.

Gross national product (GNP) is an estimate of the total cost of all the final products and services grown to become out in a given duration via the way of production owned by a country's citizens.

Indicators of financial pastime financial signs consist of measures of macroeconomic performance (gross domestic product [GDP], intake, funding, and international alternate) and stability (central authorities' budgets, expenses, the cash supply, and the balance of payments).

Gross Domestic Product is essential as it offers records about the scale of the economy and the way an economy is performing. The increased price of actual GDP is often used as an indicator of the overall health of the economic system. In wide terms, growth in real GDP is interpreted as a sign that the economy is doing properly.

Learn more about Gross Domestic Product here brainly.com/question/1383956

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9 months ago

After purchasing a fancy cut diamond ring for his wife, jason feels dissatisfied with his purchase as he feels that the ring was

ivanzaharov [21]

Buyer's remorse.

Buyer's remorse is a feeling of regret after making a purchase, especially for something expensive or extravagant.

3 0

2 years ago