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Elanso [62]
3 years ago
6

Someone who is applying for a loan from a bank can expect the bank to A investigate the person's parents to see if they were fin

ancially responsible B. check the person's credit history to make sure he or she pays debts on time C request proof that the person has graduated from a good college O D. demand that the person close all of his or her accounts at competing banks​
Business
1 answer:
Korolek [52]3 years ago
8 0

Answer:

B. Check the person's credit history to make sure he or she pays debts on time.

Explanation:

Applying for a loan from a bank is when a person wants to borrow money from the bank for his personal requirements. This is also one of the ways a bank does business, incurring interest while also 'helping out' a person in need.

One factor that banks take into consideration for approving a loan to a person is checking the credit history of that person. This means that the bank will investigate the person's credit score and how often he pays his credit bills. Depending on the pattern of the payment, a bank will be able to understand the dependability of the person for a loan's payment.

Thus, the correct answer is option B.

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The Mighty Power Tool Company has the following accounts on its​ books: Customer Amount Owed​ ($) Age​ (days) ABC ​$47 comma 150
frez [133]

Answer:

Accounts receivable more than 60 days = $39,500

% of accounts receivable = 11.07%

Explanation:

The following table shows the aging schedule-

Customer    Amount Owed​ ($) Age​ (days)

ABC               ​$47,150                   32

DEF                 37,500                     7

GHI                  18,900                   14

KLM                72,000                   28

NOP                 41,450                   43

QRS                 16,000                    11

TUV                84,300                   58

WXY               39,500                   75

We have to develop a schedule with a 15 days incremental through 60 days. And we show which customers are falling in that category -

0-15   (DEF + GHI + QRS) = $(37,500 + 18,900 + 16,000) = $72,400

16-30 (KLM) = $72,000

31-45 (ABC + NOP) = $(47,150 + 41,450) = $88,600

46-60 (TUV) = $84,300

Over 60 (WXY) = $39,500

Accounts receivable more than 60 days = $39,500

Percentage of Accounts receivable = \frac{39,500}{72,400+72,000+88,600+84,300+39,500}

= 11.07%

8 0
2 years ago
If in response to an increase in government spending of $25 billion, equilibrium output rises by a total of $125 billion, then t
lbvjy [14]
<span>1/1-MPC = 10,MPC=9/10</span>
4 0
3 years ago
Management innovations such as total quality, benchmarking, and business process reengineering cannot lead to sustainable compet
Lilit [14]

Answer: Option B

   

Explanation: An organisation can earn sustainable competitive advantage in the market only if they have some special assets or rights that they can use to attract the customer and maintain their base for a period of time.

Although, globalization has made the world a single market and every entity is now focusing on maximizing their consumer satisfaction by doing researches and setting benchmarks.

Hence as every second entity operating at a global level is doing the given activities therefore none of them can get competitive advantage.

8 0
3 years ago
Read 2 more answers
Which reason for trade barriers is being used when the us refuses to trade with another country because they use child labor to
Kruka [31]

The reason why trade barriers is being used when the us refuses to trade with another country is: Upholding standards.

<h3>What is upholding standard?</h3>

Upholding standard is the process were a country tend to follow and maintain their set standard without deviating from it.

United states refuse to trade with others country because  other country were using children as a laborer to produce goods and United state is against it leading to what is called trade barrier.

Inconclusion the reason why trade barriers is being used when the us refuses to trade with another country is: Upholding standards.

Learn more about upholding standard here:brainly.com/question/6868717

4 0
2 years ago
facilities, factories, and production lines with very large equipment are all classified as a. installations. b. component parts
Mashutka [201]

Facilities, factories, and production lines with very large equipment are all classified as installations.

What is production?
Production is the process of combining different immaterial inputs (plans, knowledge) with material inputs to create something that is intended for consumption (output). It is the process of producing an outcome, a good as well as service that has value and enhances people's utility. Production theory, a branch of economics that focuses on production, is entwined with consumption (or consumer) economic theory. Utilizing the initial inputs productively leads to the production process and the output (or factors of production). Land, labour, as well as capital are regarded as the three primary production factors and are referred to as primary producer products or services. Both the output process and the final product do not significantly change these essential inputs or turn them into integral parts of the final product.

To learn more about production
brainly.com/question/26460726
#SPJ4

3 0
11 months ago
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