All categories

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

You might be interested in

Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $315,000, total variable expenses were $239,400, an

gladu [14]

Answer:

Explanation:

1. What is the company’s contribution margin (CM) ratio?

= sales - variable cost/ sales

= $315,000 - $239,400/$315,000

= $75,600/$315,000

= 0.24 x 100

= 24%

2. What is the estimated change in the company’s net operating income if it can increase total sales by $1,100?

Net operating income

= sales - variable cost - fixed cost

= $315,000 - $239,400 - $39,000

= $36,600

Change in operating income

= $316,100 - $239,400 - 39,000

= $37,700

Contribution margin ratio

= $316,600 - $239,400/316,600

= $77,200/$316,600

= 0.24 x 100

= 24%

Estimated change

=Change in total sales x CMR

= $1,100 x 24%

= $264

6 0

3 years ago

Name the different levels of courts and describe their powers?

harkovskaia [24]

A trial court hears witnesses testify and examines other information presented to prove the alleged facts and render a legal decision. An appellate court is concerned with the application of law in the decision of a lower court and may affirm, reverse, amend, or remand the decision of a lower court.

4 0

3 years ago

List THREE common aptitudes, attitudes, and skills of personal care services workers.

ANEK [815]

Answer:

Good communication skills

Problem solving skills

Critical thinking skills

Patience

Self perceptiveness

Explanation:

4 0

2 years ago

In what areas do federal agencies regulate to ensure safety and the general

NeTakaya

Answer:

d. All of the above

Explanation:

Government regulations are the rules that players in an industry must abide by. In a free-market economy like the US, the government's main role is to regulate economic activities. The government enforces regulation through its various agencies.

The areas of regulations include but are not limited to

Protecting consumers from undue exploitation by businesses,
Encourage fair business competition
Promote a healthy, safe work environment for employees
Promote and sustain a clean environment
Private data protection and security

6 0

3 years ago

A need is something required. For example, food is a need. However, eating at a restaurant is not a need. Gas to get to work is

Nonamiya [84]

The amount spent on these items is based on preference and the availability of resources available to us. It should be noted that you'll have to spend on a need more than a want due to the limited resources that are available to us.

<h3>What is a consumer's need?</h3>

In economics, a need refers to anything individuals require to exist. It is considered to be necessary and important for the functioning of life. Examples include:

Food,
Water, and
Shelter.

However, a want is anything that is desired. A want is anything that will enhance your living experience and level of happiness. In economic terms, it is described as an individual's insatiable desire to own items or services that provide fulfillment.

From the information given:

Eating at a restaurant, or gas to go on vacation is not a necessity, so it may be referred to as something you want.

The amount spent on these given items is based on preference and the availability of financial resources available to us.

Learn more about human needs here:

brainly.com/question/22395260

#SPJ1

5 0

1 year ago