All categories

4 years ago

Which of the following statements about credit scores is TRUE?

1 answer:

5 0

A good credit score is what each of us aspires to. After all, a credit score is one of the important determining factors when it comes to borrowing money – and getting a low rate when you do. But trying to pin down a specific number that means your credit score is “good” can be tricky.

You might be interested in

Which of the following transactions are counted in GDP? Instructions: In order to receive full credit, you must make a selection

Inessa05 [86]

Answer:

Kerry buys a new sweater to wear this winter.

Jasmine buys a new car.

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

Items not included in the calculation off GDP includes:

1. services not rendered to oneself

2. Activities not reported to the government

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products

The purchase of the sweater and the purchase of the new car constitutes consumption spending and it would be added as part of GDP.

The cash gift and Social Security check are transfer payment s and would not be included as part of GDP

5 0

3 years ago

We have an intuitive appreciation for those who are able to earn a profit. We can see that resources flow to those who successfu

mr_godi [17]

Let's start it this way. Since a market system is a system of profit and loss, naturally, both profit or loss will play a vital role in the equation or system. Capitalist economies depend on markets when it comes to their economic activities. The market's role is to serve as a basis for them in determining what profitable activities and enterprises should the people invest on.Without the presence of loss in the equation of a market system, these people will not be able to determine where they should invest and/or withdraw from. Therefore, people base their decision of using their resources through knowing first the profit and loss. The loss will help them go away from companies or activities which will bring the losses.The downside for using the government in shielding companies from having losses is that the government will be abused by these companies. Since all companies will naturally want to not experience having losses.

8 0

3 years ago

Which of the following organizations emerged from the Bretton Woods agreement of 1944, where a group of international leaders de

Fofino [41]

Answer:

International Monetary Fund, IMF and the World Bank

Explanation:

The Bretton Woods Agreement was negotiated in July, 1944 which established a new global monetary system. It made US dollar the global currency and replaced gold standard.

This agreement created The World Bank and International Monetary Fund (IMF) which would monitor the new monetary system.

The Bretton Wood system was dissolved in 1970's but IMF and The World Bank still exist and are strong pillars of global monetary system.

8 0

4 years ago

Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold

stepan [7]

Answer:

Net increase in cash = $650

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf for the complete question.

Also note: See the attached excel file for the statement of cash flows using the indirect method.

From the attached excel file, we have:

Net cash flow from operating activities = $830

Net cash flow from investing activities = $30

Net cash from financing activities = -$210

Net increase in cash = $650

Download xlsx

xlsx

pdf

3 0

3 years ago

University Printers has two service departments Maintenance and Personnel and two operating departments Printing and Developing.

S_A_V [24]

Answer:

Machine hour percentages -Allocation of Maintenance Costs

455 + 455 + 2,590 = 3,500 total machine hrs

Personnel = 455 / 3,500 = 13%

Printing = 455 / 3,500 = 13%

Developing = 2,590 / 3,500 = 74%

Labor hr. percentages--Allocation of Personnel costs

315 + 294 + 1,491 = 2,100 total labor hrs.

Maintenance = 315 / 2,100 = 15%

Printing = 294 / 2,100 = 14%

Developing = 1,491 / 2,100 = 71%

Service

Maintenance Personnel Printing Developing

Costs before allocation 11,000 23,000 25,000 23,000

Allocate maintenance costs -11,000 1,430 1,430 8,140

0 24,430

Allocate personnel costs 3664.5 -24430 3420.2 17345.3

Allocate maintenance costs -3664.5 476.39 476.39 2711.73

Allocate personnel costs 71.46 -476.39 66.69 338.24

Allocate maintenance costs -71.46 9.29 9.29 52.88

Allocate personnel costs 1.39 -9.29 1.3006 6.5959

Allocate maintenance costs -1.39 0 0 1.39

Total costs 0.00 0.00 30403.87 51596.13

Workings

Allocate maintenance costs

Personnel = (11000 * 13%) = 1430

Printing = (11000 * 13%) = 1430

Developing = (11000 * 74%) = 8140

Allocate personnel costs

Maintenance = 24430 * 15% =

Printing = (24430 * 14%) =

Developing = (24430 * 71%) =

Allocate maintenance costs

Personnel = (3664.5 * 13%)

Printing = (3664.5 * 13%)

Developing = (3664.5 * 74%)

Allocate personnel costs

Maintenance = (476.39 * 15%)

Printing = (476.39 * 14%)

Developing = (476.39 * 71%)

Allocate maintenance costs

Personnel = (71.46 * 13%)

Printing = (71.46 * 13%)

Developing = (71.46 * 74%)

Allocate personnel costs

Maintenance= (9.29 * 15%)

Printing = (9.29 * 14%)

Developing = (9.29 * 71%)

7 0

3 years ago