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3 years ago

What will most likely cause a lender to deny credit?

Business

1 answer:

8090 [49]3 years ago

7 0

Answer:

A historic credit score of 300

Explanation:

A credit score is a numeric record that expresses the reliability of a borrower to repay loans. The credit score or credit rating is determined by, among other things, credit history, income level, and the individual's income to debt ratio.

Credit scores range between 300 and 850. 300 is the lowest and the poorest score. A score of 300 indicates that the borrower has a bad history of debt repayment. They are always late on repayments, miss on installments, or have defaulted on loans. Lenders consider such persons as high-risk borrowers and are likely to deny them credit facilities.

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Lana Reid is an accounting clerk at Tenity Enterprises who is paid $18.15 per hour. During a week’s pay period, she worked 39 ho

butalik [34]

Answer:

$720.25

Explanation:

Given data:

Lana salary per hour = $18.15

total hour of work by her is 39 hr 41 minutes

we know from hundredth hour pay method

hundredth hr for 41 mints is $= \frac{(41}{60}) \times 100 = 68.33$

so we have 39 hrs 41 minutes that can be written as = 39.6833

So, salary for 39.6833 is $= $18.15 \times 39.6833 = $720.25$

4 0

3 years ago

Which type of Financial Aid am I? I am given to students who come from lower-income families and I do not need to be repaid. *

Bas_tet [7]

Grant. A grant, is a form of financial aid that doesn’t have to be repaid.

8 0

4 years ago

Les just bought a megaphone of root beer. As he drinks from the giant cup, he eventually becomes full. One of his friend's comme

MrMuchimi

Answer:

Sink-Cost Fallacy

Explanation:

According to my research on studies conducted by various behaviorists, I can say that based on the information provided within the question the mental bias that describes Les's behavior is called the Sink-Cost Fallacy. This fallacy/bias refers to when an individual relentlessly continues's a behavior solely because of the resources that they have invested, either being time, money, or effort. Which in this case since, Les invested money into the drink so he does not want to waste it even though it might make him sick.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0

3 years ago

Shaw Company sells goods that cost $300,000 to Ricard Company for $410,000 on January 2, 2020. The sales price includes an insta

Mrrafil [7]

Answer:

January 2, 2020

Dr Accounts receivable 410,000

Cr Sales revenue 370,000

Cr Unearned revenue 40,000

Dr Cost of goods sold 300,000

Cr Merchandise inventory 300,000

Accrual accounting states that revenues must be recognized during the periods that they actually occur (i.e. the earning process is completed). Since the installation process lasts 6 months, the unearned revenue will be recognized as the process is being completed.

4 0

3 years ago

Deitz Corporation is projecting a cash balance of $32,400 in its December 31, 2019, balance sheet. Deitz's schedule of expected

Anna71 [15]

Answer:

<u>Dietz corporation cash budget for the first quarter </u>

Total Receipts :

Collections from Customers $199,800

Receipts from Sale of Equipment $3,240

$203,040

Total Payments :

Direct materials $46,440

Direct labor $75,600

Manufacturing overhead $37,800

Selling and administrative expenses $48,600

Purchase of securities $15,120

$223,560

Net Receipts/(Payments) ($20,520)

Opening Balance $32,400

Closing Balance $11,880

Required Balance $27,000

Loan (Shortfall) $15,120

Explanation:

A cash Budget shows the future estimate of future cash incomes and cash expenditures.

3 0

3 years ago