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3 years ago

Which of the following is not true of credit scores?

2 answers:

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

Option A. is correct.

Only the credit bureaus know the credit scores are calculated is not true of credit scores.

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:

brainly.com/question/7006237

2. Charging fee in case of credit card

brainly.com/question/2668305

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

brainly.com/question/3211811

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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When job 117 was completed, direct materials totaled $4,400; direct labor, $5,600; and factory overhead, $2,400. a total of 1,00

Viefleur [7K]

To solve: add up all in the labor costs and then divide by the number of units produced to get the per unit cost of the labor.

Direct materials = $4,400
Direct labor = $5,600
Factory overhead = $2,400
Units produced = 1,000

Per unit cost = ($4,400 + $5,600 + $2,400)/1,000
Per unit cost = $12,400/1,000
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3 years ago

Which statement below best answers the economic question "How to produce"?

FromTheMoon [43]

Answer:

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Explanation:

Producing is the actual making of something, and so the question of "How to produce?" can be best answered by an explanation of the production process.

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2 years ago

If a family spends its entire budget in a given time frame, the family can afford either 80 cans of beans or 35 frozen pizzas. A

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Answer:

7/16

Explanation:

Opportunity cost is the cost of the alternative forgone. It is also called the real cost. It is a concept in economics developed due to the fact that wants are unlimited but the resources available to meet the wants are limited. Hence a scale of preference would be drawn up for the wants in order of importance.

If the family can afford either 80 cans of beans or 35 frozen pizzas, the cost of a can of beans in terms of frozen pizza is 35/80 frozen pizza while the cost of a unit of frozen pizza in terms of beans is 80/35.

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3 years ago

Amherst City provides a defined benefit pension plan for employees of the city electric utility, an enterprise fund. Assume that

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Answer:

Dr Service cost 245,000

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Cr Cash 411,400

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Cr Service cost 245,000

Cr Interest 166,400

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Preparation of the journal entries to record annual pension expense for the enterprise fund of Amherst City

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Dr Service cost 245,000

Cr Interest 166,400

Cr Cash 411,400

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Dr Plan assets - pension 411,400

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Cr Service cost 245,000

Cr Interest 166,400

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