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2 years ago

Which action will help increase a low FICO score?

1 answer:

8 0

Reducing credit card balances is the action will help increase a low FICO score.

The FICO mortgage score is between 300 and 850. Higher scores indicate lower credit risk. Each individual actually has 65 credit scores for the FICO scoring model because each of three national credit bureaus, Equifax, Experian and TransUnion, has its own database.

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In 2021, CPS Company changed its method of valuing inventory from the FIFO method to the average cost method. At December 31, 20

Anon25 [30]

Answer:

The journal entry would be as follows:

December 31, 2020 Debit Credit

Retained Earnings $9,400,000

Inventory $9,400,000

Explanation:

In order to prepare the journal entry to record the adjustment, we would have to calculate the amount of inventory with the following formula:

Amount of inventory=December 31, 2020, CPS’s inventories (FIFO)-31, 2020, CPS’s inventories (Average Cost)

=$38 million-$28.6 million

=$9.4 millions

Therefore, the journal entry would be as follows:

December 31, 2020 Debit Credit

Retained Earnings $9,400,000

Inventory $9,400,000

7 0

3 years ago

How do you see your housing needs and goals changing over time? This is an essay question.

Alchen [17]

They could change for many reasons some being:
1. if you're not on a lease the rent can go up at any time only
2. if you are on a lease regardless improvements to your home the landlord can raise it every year.
3. if you have a mortgage w a variable APR your mortgage/ housing needs change monthly
4. your goals would change if maybe you wanted to move closer to your job or you got a new job and you need to move closer
5. maybe if you got married or had kids your housing gold would change.
6. maybe you live in not such a nice neighborhood and you'd like to live in a neighborhood less crime your goals would change
not sure if those are the answers you're looking for but there's so many different reasons that your housing needs and goals could change

4 0

3 years ago

Starbucks sometimes offers a promotion known as the "treat receipt." Patrons purchase a drink of their choice in the morning and

bagirrra123 [75]

Answer:

The correct answer is C) increasing a product's use by existing customers.

Explanation:

Starbucks is a world-renowned company, and what it seeks precisely with this campaign is not precisely to create new clients. This company tries to retain its existing customers with a highly effective loyalty campaign, however, this practice may also achieve an effect not directly related to its mission: to attract new customers.

7 0

3 years ago

Which country has an absolute advantage for producing books

MAVERICK [17]

The correct answer is Singapore. For Plato!

6 0

3 years ago

Hemmer Company reported net income for 2016 in the amount of $43,000. The company's financial statements also included the follo

LenKa [72]

Answer:

C. $49,600.

Explanation:

We can find the net cash provided by operating activities using the information given to us in the question. We will start from net income which is $43,000 and then add 5,800 to it because it is a current asset which is decreasing which means that the company received cash for it, then we will subtract 1,900 because it is an increase in inventory and we assume the company paid cash for it because there are no increase in accounts payable, and then we will add 2,700 because depreciation is a non cash expense, therefore we will add it back when we calculate the cash provided by operating activities.

43,000+ 5,800-1,900+2,700=49,600

4 0

2 years ago