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aleksandr82 [10.1K]
3 years ago
11

What best explains the relationship between a borrower's credit score and a down payment requirement?

Business
1 answer:
jeka57 [31]3 years ago
7 0

Answer:

Someone with a high credit score may be required to make a lower down payment.

Explanation:

A high credit score is an indication of good borrowing and repayment culture by an individual. It shows the individual makes prompt repayments on their debts, and they hardly miss on installments.  A borrower with a high credit score is labeled as creditworthy or a low-risk customer.

A low credit score arises when a customer has a bad history of debt repayment. They have either defaulted or tend to miss on installments. A borrower with low credit is considered high-risk and likely to default on payments.

A lender will demand a high deposit from a borrower with a low credit score to cover for the high-risk involved in the transaction. A borrower with a high credit score is a low-risk customer and does not need to offer a high deposit to access credit.

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Clean N Green is a two-year-old company that makes wind turbines. The business owner, Janelle, is struggling to compete. Finding
Talja [164]

By simplifying work and increasing output per worker is this approach to job design most likely to help Clean N Green

Explanation:

Job design is the organisation of work into the tasks necessary to perform a certain task. Job design includes conscious efforts to organise tasks, assignments and duties into some kind of unit of work to reach certain goals.

It is achieved by facilitating specialisation across simplified work, which in turn increases efficiency.

Due to the fact that job simplification makes employment routine, monotonous and boring, workers are eventually disliking the job, thereby increasing absenteeism and turnover.

7 0
3 years ago
As a new member of the Challenge for Charity Group, you notice that the association has its own way of operating. Last week, the
lyudmila [28]

THE COMPLETE PARTS OF THE QUESTION

(socializing, incorporating, recruiting, inducting) members into the culture of the organization through the use of _____ (org design, criteria for selecting club members, reward systems & norms, leader reactions to critical incidents)

Answer:

1) socializing

2). reward systems & norms

Explanation: SOCIALIZING is the act or process through which a person or group of persons interact with others and take part in the activities which others do.

REWARD SYSTEM is the term used to describe the various processes or steps involved in compensation or paying for the Activities of others.

NORMS are a set of customs and traditions which have been found to be generally accepted and adopted as way of life.

5 0
4 years ago
The accounting concept which relates to separating the reporting of business economic transactions and personal economic transac
Sladkaya [172]

The accounting concept which relates to separating the reporting of business economic transactions and personal economic transactions is <u>Business Entity Concept</u>.

An organization transaction needs to have the following characteristics: It ought to be for a sum positive in cash (i.e., of an economic fee) It ought to be supported through a source file (e.g. income invoice, dependable receipt, disbursement voucher, remittance recommendation, and so on.) It has to have a -fold effect on the factors of accounting.

In accounting, a transaction in any monetary business enterprise occasion influences an agency's economic statements. because transactions consist of any event that has a financial impact on your economic facts, there are quite a few gadgets that are transactions. based mostly on the trade of cash, there are 3 kinds of accounting transactions, mainly cash transactions, non-cash transactions, and credit transactions.

Learn more about transactions here: brainly.com/question/1016861

#SPJ4

5 0
1 year ago
Kelley Company reports $1,500,000 of net income and declares $210,000 of cash dividends on its preferred stock for the year 2013
jeka57 [31]

Answer:

a. $1,290,000

b. $3.80

Explanation:

a. The computation of the net income is shown below:

= Net income - preference dividend

= $1,500,000 - $210,000

= $1,290,000

b. The earning per share is shown below:

=  (Net income) ÷ (weighted-average shares of common stock)

= ($1,290,000) ÷ (340,000 shares)

= $3.80

Simply we apply the net income formula after considering the preference dividend and then earning per share is computed

5 0
3 years ago
Entity B bought equipment for $240,000 on January 1, 2021. It estimated the useful life to be 3 years with no salvage value, and
mezya [45]

Answer:

Part 1

Revised depreciation expense =  $32,000

Part 2

The entry to record depreciation expense :

Debit : Depreciation Expense $32,000

Credit : Accumulated Depreciation $32,000

Explanation:

Straight line method charges a fixed depreciation charge over the year of use of an asset.

<em>Depreciation expense = (Cost - Salvage Value) ÷ Estimated Useful Life</em>

2021

Depreciation expense = $80,000

2022

Old Depreciation expense = $80,000

New Depreciation expense = Depreciable Amount ÷ Remaining Useful Life

                                              = ($240,000 - $80,000) ÷ 5

                                              = $32,000

7 0
3 years ago
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