Creditors will decline your request for credit if they see that your income is insufficient to cover your debts.
Lenders will be reluctant to approve a loan if you have a bankruptcy on your credit report since it increases the risk involved.
Thus, Option B is correct.
<h3>Who makes the decision about your credit application?</h3>
Your information is provided to the credit reporting bureau, but the lender ultimately decides whether or not to extend credit.
The best course of action is typically to speak with the lender directly if you require more details especially regarding your denial.
For more information about Credit application refer to the link:
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Answer: a. I, II and III are true
Explanation:
From the question, the statements that are true are:
I. 4% is the desired real rate of interest. II. 6% is the approximate nominal rate of interest required.
III. 2% is the expected inflation rate over the period.
4% is the desired real rate of interest because that's the rate at which the investor is willing to buy the goods in future.
2% is the expected inflation rate over the period because at that rate, there's expectation of future rise in price while 6% is the approximate nominal rate of interest required which is the addition of the 4% and the 2%.
As the basis for everything about finnancial issues, the statement above is TRUE. These means are the basis to achieve your goals to save money and keep your budget safe. Hope this is good for you
Answer:
711,300
Explanation:
Net cash generated from operating activities can be calculated by deducting and adding back the cash and non-cash items respectively from the net income for the year. Such as depreciation will be added back in net income due to it is a non-cash expense
Net Income 624,000
Depreciation and amortization 87,000
Decrease in accounts receivable 22,000
Increase in inventories (9,200)
Increase prepaid expenses (8,500)
Increase in salaries payable 10,000
Decrease in income taxes payable (14,000
)
Net cash generated from operating activities 711,300
Answer: A firm should not continue production when its MR is lower than its AVC.
Explanation:
The goal of every firm is to minimize cost and also maximize profits and therefore the firm will operate at the output level where the marginal revenue and the marginal cost equates.
A firm should not continue production when its MR is lower than its AVC. Here, the firm will incur a higher loss during production as producing will not offset the variable cost. Therefore, it's better to shut down.
