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Sonbull [250]
3 years ago
12

What financial behaviors will typically lead to a low credit score?

Business
2 answers:
Leviafan [203]3 years ago
4 0
Here are some behaviors that will give you low credit score :

- If you always maxed out your credit card limits, it make you seems irresponsible 
- If you never paid your credit bills on time
- If you always change your living address 

but as long as you have a good history of paying your credit bills on time, your credit score will be fine

Semenov [28]3 years ago
4 0

Answer: Maxing out your credit cards will typically lower your credit score.

Explanation:

4 financial behaviors that can empty your purse. You may like to believe in yourself as a responsible administrator of your cash, but behavioral experts say a wide collection of subconscious characteristics and behavioral preferences can produce people to make bad economic choices.

1. Many people abandon to look at other choices when thinking of a larger purchase or economic goods. As a consequence, they cover up abstaining out on chances to save cash on a conventional proceeding.

2. People often neglect important aspects about mortgages and other economic deals. “In some situations, people actively withdraw data that would help them make better choices,” the researchers recorded.

3. People manage to shut down when met with complex choices and abandon to work if they perceive they are in over their economic ends. That, in turn, can lead to disastrous procrastination when it gets to money objects.

4. Sentiments can play a superfluous part in how people think about their investments and respond to specific provocations.

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Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases
eimsori [14]

Answer:

The correct answer is $800

Explanation:

Giving the following information:

Fulbright Corp. uses the periodic inventory system.

Fulbright made the following purchases (listed in chronological order of acquisition):

· 40 units at $100

· 70 units at $80

· 170 units at $60

Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year.

Ending inventory= [(100 + 80 + 60)/3]*10

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6 0
3 years ago
Kulka Corporation manufactures two products: Product F82D and Product T05P. The company uses a plantwide overhead rate based on
ipn [44]

Answer:

b. $303,000

Explanation:

The activity rate

1. Machining = $\frac{\text{total cost}}{\text{total activity}}$

                    $=\frac{180000}{9000}$

                   = $ 20 per machine hour

2. Machine set up =   $\frac{\text{total cost}}{\text{total activity}}$

                    $=\frac{125000}{250}$

                   = $ 500 per set up

3. Product design =  $\frac{\text{total cost}}{\text{total activity}}$

                    $=\frac{44000}{2}$

                   = $ 22000 per product

4. Order size =  $\frac{\text{total cost}}{\text{total activity}}$

                    $=\frac{260000}{10000}$

                   = $ 26 per direct labor hour

Now the ABC cost (Product T05P)

1. Machining  = $\text{machine hours} \times \text{activity rate}$

                     = 4000 x 20

                     = $ 80,000

2. Machine set ups =  $\text{no. of set ups} \times \text{activity rate}$

                     = 90 x 500

                     = $ 45,000

3. Product design =  $\text{no. of products} \times \text{activity rate}$

                     = 1 x 22000

                     = $ 22,000

4. Order size =  $\text{direct labor hours} \times \text{activity rate}$

                     = 6000 x 26

                     = $ 156,000

Therefore, the total manufacturing overhead cost assigned to product T05P = 80000 + 45000 + 22000 + 156000

= $ 303,000

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3 years ago
Using the 20/10 rule, calculate the maximum amount to borrow if your net yearly income is $75,000
Delvig [45]
Using the 20/10 rule: you should never borrow more than 20% of your annual net income and monthly payments shouldn't be more than 10% of your monthly net income.

In this situation, we know the yearly net income is $75,000.
First we want to multiply 20% by $75,000  = $15,000 
$15,000 is 20% of your yearly net income.
This would be the most you'd want to borrow given the information provided. 
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