Answer:
. No, he has not proven he is financially responsible with money previously borrowed.
Explanation:
Dwayne is a high-risk customer.
Most lenders will want to stay away for customers who are perceived as high-risk. A high-risk customer is one whose probability of defaulting on a loan is above the market average.
Dwayne has missed loan repayments in the recent past. Banks interplate this as an indicator that he is highly likely to default on future loan repayments.
For Dwayne to qualify for a loan, he has to improve his credit score. He can do that by prompt repayments of debts. He has to find out why he is missing or getting late in meeting his obligations. Most likely, he is taking loans for the wrong reasons.
Answer: Option B
Explanation:
A trade restriction is an artificial restriction on the trade of goods and/or services between two or more countries.
The right option is B because the statement contains one error; domestic producers gain at the expense of foreign producers rather than domestic consumers.
Take the $550 per month for monthly income as after ten years it would reach the same amount just in a longer period of time
Answer:
The cost of goods sold that would be reported on the incoem statement is $70000
Explanation:
The cost of goods sold is the value or cost of the inventory that a business sells to its customers. The cost of goods sold for the year can be calculated using the following formula.
Cost of Goods Sold (COGS) = Opening Inventory + Purchases for the year - Closing Inventory
Thus, Elm Corporation has a cost of goods sold to report on this year's income statement of:
COGS = 32000 + 57000 - 19000 = $70000
