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Nimfa-mama [501]
3 years ago
11

Which of the following is not true of credit scores?

Business
2 answers:
Irina-Kira [14]3 years ago
7 0
The one that is not true of Credit scores is :
A. only the Credit Bureaus truly know Credit scores are calculated.
They indeed have several benchmark that could be used to calculate it, but with enough information, everyone can predict the score
madam [21]3 years ago
5 0

<u>Option A. is correct. </u>

<u>Only the credit bureaus know the credit scores are calculated is not true of credit scores</u>.

Further explanation:

Credit scores:

Credit scores refer to the creditability of any person. To find the credibility of them, that how much they score to pay a debt.

Justification for the correct and incorrect answer:

A):

Only the credit bureaus truly know credit scores are calculated: This option is correct.

Only the credit bureaus know the credit scores are calculated is not true of credit scores and credit score can be calculated by any person.

B):  

Having a high score means you are more likely to repay debts: This option is incorrect.

Having a high score means we are likely to repay debts is true. This will make the credit scorer pay the debt easily who has high scores.

C):  

The more money you make, the higher your credit score: This option is incorrect.

The statement is true that the more money we pay, the higher will be our credit score.

D):  

Your credit score can impact the car or home you can buy: This option is incorrect.

The statement is true that credit score can impact the car or home that we buy.It depends upon the debt amount.

Thus, only the credit bureaus know the credit scores are calculated is not true of credit scores.

Learn more:

1. Manufacturers:

<u>brainly.com/question/7006237 </u>

2. Charging fee in case of credit card

<u>brainly.com/question/2668305 </u>

3. Consequences of non-payment of monthly credit card payment

<u>brainly.com/question/3211811 </u>

Answer details:

Grade: High School

Subject: Business studies

Chapter: Credit scores

Keywords:Which of the following is not true of credit scores, Only the credit bureaus truly know credit scores are calculated, Having a high score means you are more likely to repay debts, the more money you make, the higher you credit score, Your credit score can impact the car or home you can buy.

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Bond market values are expressed as a percentage of their par (face) value. For example, a company's bonds might be trading at 1
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The current market price of the bond is 103% of their par value

What percentage is the bond price compared to its par value?

The market bond convention is to quote the price at which the bond can be bought or sold in the market as a percentage of its par value.

The simple approach is to add a percentage sign to any bond price you are given, which means that 97 price means the bond price is 97% of par value.

In the same vein, 103 price means the quoted price of the bond is 103% of the par value of the bond/

Find a futher guide on bond pricing below:

brainly.com/question/15574519

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8 0
1 year ago
Had the government taken over the assets of Global Trading without compensation, and not taken over the assets of any other comp
AlladinOne [14]

Answer: Expropriation

Explanation:

Expropriation means to take possession of a private property for public use.

Expropriation can be defined as the process by which government takes over private owned properties against the wishes of the owners.

Government takes over those properties with the aim of using them to benefit the public. The property owners might be compensated.

The government expropriate private properties sometimes, for infrastructural purpose such as airport, highway and railway.

Expropriated properties are usually taken against the wish of the private owners.

3 0
3 years ago
Narver Corporation uses the weighted-average method in its process costing system. Operating data for the Lubricating Department
Karo-lina-s [1.5K]

Answer:

44,780 units

Explanation:

When a company uses the weighted average method in its process costing system, the beginning inventory nor the units transferred in are included in the calculations for equivalent units. Only units transferred out and ending inventory are use to calculate equivalent units:

equivalent units = units transferred out + (ending inventory x % of completion)}

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8 0
3 years ago
A customer has requested that Lewelling Corporation fill a special order for 2,100 units of product S47 for $26 a unit. While th
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Answer:

Annual Financial advantage $ 550

Explanation:

<u>Computation of income/loss on special order</u>

Unit product costs

Normal product costs                                                                $ 19.20

Incremental variable costs  $ 1.30 per unit                               <u>$  1.30</u>

Total product costs                                                                     $ 20.50

Revenues per unit                                                                       <u>$ 26.00</u>

Profit per unit                                                                               $   5.50

Sales Units                                                                                    2,100 units

Total incremental profit on order                                               $ 11,550

Less; cost of moulds                                                                    <u>$ 11,000</u>

Incremental profit on S 47 order                                                 $    550                                                  

3 0
3 years ago
Read 2 more answers
The balance in retained earnings on December 31, 2017, was $1435000 and on December 31, 2018, it was $1160000. Net income for 20
Inessa [10]

Answer:

b. $556,000.

Explanation:

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$1,164,000 = $2,440,000 - Dividend Paid / Declared during the year.

Dividend Paid / Declared during the year = $2,440,000 - $1,164,000

Dividend Paid / Declared during the year = $1,276,000

Stock Dividend Paid - $500,000 + $220,000 = $720,000

Cash Dividend Paid = $1,276,000 - $720,000 = $556,000

6 0
3 years ago
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