All categories

3 years ago

Inflating your income to get a loan approved is:

Business

1 answer:

Deffense [45]3 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

You might be interested in

Axl will be borrowing $300,000 today to buy a house, and he will pay it back with 20 yearly payments starting one year from toda

Natalija [7]

Answer:

$28,317.88.

Explanation:

The annual payment, PMT can be determined using a financial calculator as follows :

PV = $300,000

N = 20

P/YR = 1

R = 7.00 %

FV = $0

PMT = ?

Using a financial calculator, the annual payment, PMT is $28,317.88.

4 0

3 years ago

What type of risk assessment uses descriptive categories to express asset criticality, risk exposure (likelihood), and risk impa

Sergeeva-Olga [200]

Answer: qualitative

Explanation:

Risk assessment is used in identifying hazards which are likely to result in harm and then determining the appropriate methods to remove such hazard or curtail it.

The type of risk assessment uses descriptive categories to express asset criticality, risk exposure (likelihood), and risk impact is the qualitative risk assessment.

5 0

3 years ago

In a free enterprise system the decisions about what and how many goods and services will be produced are made by?

snow_lady [41]

Answer:

Private individuals.

Explanation:

In a free enterprise system, the decisions about what and how many goods and services will be produced are made by private individuals.

Free enterprise system is an economic system in which the ownership and control of means of production (resources) and distribution of goods and services are determined by private individuals. Here, private individuals decide what, how and for whom to produce while the government does not interfere in economic activities. The allocation of resources and price determination are influenced by the forces of demand and supply called price mechanism, which Adam Smith referred to as 'Invisible Hand'.

Free enterprise system is also known as Capitalist economy, Capitalism and Free market system. Countries that practice more of free enterprise system are Singapore, New Zealand, Hong Kong, Australia and Switzerland.

5 0

3 years ago

According to dr. w. edwards deming's quality movement, quality efforts need to be _____ and _____ improved.

natka813 [3]

According to dr. w. Edwards Deming's quality movement and quality efforts need to be constantly and consistently improved.

Deming is widely recognized as one of, if not the founders of total quality management. Deming is largely credited with the revolution in Japanese manufacturing management that led to the economic boom of the 1970s and 1980s.

In the 1930s, Deming was intrigued by the idea of using statistics to improve quality control. His focus was on improving production and eliminating future failures by systematically collecting failure records and investigating and correcting root causes.

Deming's philosophy known as Dr. Deming's "Management Theory" and later "systems of profound knowledge" represent a holistic approach to leadership and management. philosophy brings together an understanding of variation, epistemology, psychology, and appreciation of the system.

Learn more about Deming here brainly.com/question/26326939

#SPJ4

5 0

2 years ago

Corporation sold laser pointers for $ 20 each in 2017. Its budgeted selling price was $ 24 per unit. Other information related t

Nonamiya [84]

Solution

Flexible Actual Budgeted

Unit sold 27,800 units 27,800 units 28,100 units

$ $ $

Sales price $ 24 $ 20 $ 24

----------------------------------------------------------

Total Revenue 667,200 556,000 674,400

Variable costs 55,600 112,000 56,200

($2 ×28,100)

------------------------------------------------------------

Contribution margin 611,600 444.000 618,200

Fixed costs 52,000 54,000 52,000

---------------------------------------------------------- Operating Income 559,600 390,000 566,200

----------------------------------------------------------

Total cost 107,600 1.66,000 108,200

cost per unit

(Total cost ÷ total units) 3.87 5.97 3.85

5 0

3 years ago