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Goshia [24]
3 years ago
5

Old Doc White advised you to do your homework before applying for a consumer loan. Which of the following is his main piece of a

dvice on preparing to get a consumer​ loan?
A. Build a monthly budget that includes the loan​ payment, but​ there's no need to include any of the associated costs​ (insurance, maintenance,​ etc.) in your budget because they are too hard to estimate.
B. Take the shortest loan term​ (number of​ years) possible so that you are out of debt faster
C. Check your credit history at least​ 3-6 months before applying for the loan.
D. Apply for a loan at 3 separate banks to ensure that you will have enough money to make the purchase​ (The Babe Ruth​ Rule).
Business
1 answer:
Harman [31]3 years ago
7 0

Answer:

C) Check your credit history at least​ 3-6 months before applying for the loan.

Explanation:

Financial advisors will always tell us that we need to have at least 700 points in our credit score. That way when we apply for a loan we will get lower interest rates and longer terms.

If your are planning to buy a house or a car and you know you will need a big loan, you should review your credit score a few months before applying for the loan since there is a simple way you can increase your credit score. The simplest way to increase your credit score is to apply for several credit cards within a 3 to 4 month period. It doesn't matter if the credit card applications are accepted or not, your credit score will increase because number of inquiries on your credit history increased.

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JTL has 148,000 shares of stock outstanding. The firm has extra cash so it announced this morning that it is willing to repurcha
MrRissso [65]

Answer:

A tender offer.

Explanation:

This is simple explained to be the offer put to place to execute a work or even services for a said/given price. These offers are typically said to be done publicly; shareholders in some cases a been put to place to sell their shares for a specified price and within a particular window of time. Target sales orders which are been tabled/offered are been usually placed at certain premium value which are effective in market price and is often contingent upon a minimum or a maximum number of shares sold. In many other cases, tender are seen to be in security forms or other non-cash alternatives are offered in exchange for shares.

3 0
3 years ago
What is the difference between accounts payable and accounts receivable?
NeX [460]

Accounts payable - <u>Accurately tracking what's owed to suppliers, ensuring payments are properly approved and processing </u><u>payments</u><u>.</u>

<u>\:  \:  \:  \:  \:  \:  \:  \:  \:  \:  \:  \:</u>

Accounts receivable - <u>The balance of money due to a firm for goods or services delivered or used but not yet paid for by customers.</u>

5 0
2 years ago
Which of the following statements is false?a. When properly used, either nonstatistical or statistical sampling can be effective
kramer

Answer:

C. Nonstatistical sampling may help avoid second guessing by regulators or jurors should those parties question the quality of the sampling method used.

7 0
3 years ago
When Clorox introduced bleach in a no-drip bottle, the firm was taking action consistent with its product being in the ____ stag
Nadusha1986 [10]

Answer:

maturity

Explanation:

7 0
2 years ago
Given the pay rate, hours worked, tax deductions, and social security deduction, determine the gross earnings, group health insu
user100 [1]

Answer:

Gross Income - $2570 ($21.60*119)

Group Health Insurance - $360 ($2570*0.14)

Pension Deduction- $154 ($2570*0.06)

Total Deduction- $514 ($360 + $154)

Net Pay- $2056 ($2570 - $514)

Explanation:

As the question states given the pay rate and hours worked, No Data of pay rate and hours worked is provided. Gross Earnings are $21.60 which doesn’t seem accurate when compared with Group Health Insurance and Pension figures. However let’s assume the pay rate to be $21.60 and hours worked to be 119 hours then we will have the following results:  

Gross Income - $2570 ($21.60*119)

Group Health Insurance - $360 ($2570*0.14)

Pension Deduction- $154 ($2570*0.06)

Total Deduction- $514 ($360 + $154)

Net Pay- $2056 ($2570 - $514)

I hope this is the type of answer you must be looking for!

3 0
3 years ago
Read 2 more answers
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