Companies report people to credit agencies if they fail to pay their bills on time.
Creditors reports history with other lenders and the debtor's borrowing activities (debts and payments) to Credit agencies. Credit agencies
collects information about individual or business debts and assigns a credit
score. The credit score demonstrates borrower's creditworthiness, serving as a guide to other lenders. If the debtor fails to pay bills on due dates, the credit score will most likely be low. Lenders will mostly refuse to approve future loans as a low credit score indicates the applicant is a bad payor.
Answer:
There are two types of income statements: single-step income statement, in which there are no sub-totals such as gross profit, operating income, earnings before taxes, etc.; and multi-step income statement, in which similar expenses are grouped together and intermediate figures such as gross profit, operating income,
The Embargo Act of 1807 enraged Americans. It hit U.S farmers pretty hard because restrictions were put on imports from from Great Britain.
An animal's behavior is based on its instincts. This
statement would most likely come from an Ethologist. Ethologists are involved
in the study of animal behavior, it falls under the study of Zoology. This is
where common animal aggression, mating habits, and communication are observed
by these types of scientists.
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