The DTI bucket had the highest number of rejected loans whose debt was greater than 20% of their income and lowest when debt is less than 10% of their income.
There are three factors to be checked upon before the Lending Club will grant us loans. The first factor is the debt-to-income ratios, the second one is the length of employment and the third factor is the credit score. The Lending Club collects all this information before granting a loan and then checks them before granting the loan.
We can use the Pivot table that is available to make the comparisons. According to the debt-to-income ratios, the person whose loan was more than 20% of income was the highest as maybe the person granting the loans will not feel secure even and so this was the factor for rejected loans. Security is one of the main factors as the person needs to feel secure that he will get back his money.
The lowest rejects were the ones whose people loan asked was less than 10% of their incomes. In such cases, the person giving the loan may feel secure that he may get back his money. The length of employment is also another important factor as long as the person has worked for some years the lender can be assured that from his income he may get back the loan amount. The third factor being the higher the credit score more the chances of the person getting the loan.
Learn more about loans here:
brainly.com/question/20159513
#SPJ4
Answer:
For a rent of $400.00 = 100 units will be occupied;
For a rent of $404.00 = 100 unit will be occupied;
For a rent of $396.00 = 101 units will be occupied.
Explanation:
For a rent of $400.00 = 100 units will be occupied
For a rent of $404.00 = 100 unit will be occupied since 1 additional unit will be vacant.
For a rent of $396.00 = 101 units will be occupied.
∴ <em>The most adequate rent to be charged by the manger to maximize revenue is $396.00 since an additional unit will be occupied.</em>
Answer:
Fifo means First in First out
CP SP
S # 1012 June 1 DVD $113 $161
S# 1045 Nov 1 DVD $ 95 $ 161
Ss # 1056 Nov 30 DVD $ 88 $ 161
Cost of Goods Sold ( using FIFO) = $ 113+ $ 95= $ 208
Weighted average method = Opening inventory + Purchases (amount)/ Units
Weighted Average Method CGS= $ 296/3= $ 98.6= $ 99
The specific identification method would allow to record the prices individually. this method is better in this scenario because the balance sheet would record only the left out balance . the item is removed immediately as soon as the item is sold.
To minimise earnings FIFO is used because the inventory at the beginning has more cost price
To maximise earning LIFO is used because the inventory at the end has less cost price.
I recommend LIFO and specific identification method as both would get desired results. LIFO would give maximum profit and specific would be better in meeting the customers specific needs
Answer:
$80 (in 2020)
Explanation:
I will assume that this question takes place during the current year (2020). An employee is required to include as income all transportation benefits that exceed $270 per month. In this case, free parking is considered a transportation benefit and Tim must report $350 - $270 = $80 as taxable benefits. The exclusion amount varies depending on the year, e.g. it was $265 in 2019.