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djyliett [7]
3 years ago
11

Circle or highlight the correct answer choice: If you have a high credit score, you are more / less likely to get approved for a

loan.
Business
1 answer:
kotykmax [81]3 years ago
6 0

Answer:

more likely to get approved for a loan.

Explanation:

A credit score is the accepted indicator of one's reliability in paying debts.  In calculating the credit score, a person's credit history is an essential element. If one has been punctual and disciplined in repaying their debts, they are likely to have a high credit score.

Credit score range between 300 and 850. A high score implies the customer is very reliable in repaying debts. Lenders consider individuals with a high credit score as low-risk customers. They are less likely to default on their debts.  For this reason, a customer with a high credit score is highly likely to be approved for a loan.

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Start period 02 | 01 | 2019 End period 02 | 15 | 2019 Gross Pay $1,837.00 Earnings Taxes Deductions $1,837.00 Federal (8.24%) =
mario62 [17]

Answer:

Net Pay is equal to $1,474.19.

Explanation:

Net is Gross Pay minus taxes deductions. Therefore, Net Pay can be calculated as follows:

<u>Particulars                                                           ($)                    ($)      </u>

Gross Pay                                                                              1,837.00

<u>Taxes Deductions</u>

Federal (8.24% of Gross Pay)                        (151.37)

FICA Medicare (1.45% of Gross Pay)             (26.64)

FICA Social Security (6.20% of Gross Pay)  (113.89)

State - OK (3.86% of Gross Pay)                  <u>  (70.91)  </u>

Total                                                                                     <u>  (362.81) </u>

Net Pay                                                                               <u>  1,474.19  </u>

<u />

Therefore, Net Pay is equal to $1,474.19.

7 0
3 years ago
In a buying center, __________ have the formal or informal power to select or approve the supplier that receives the contract.
HACTEHA [7]

The <u>deciders </u>have the formal or informal power to select or approve the suppliers that receive the contract in a buying center.

<h3>What are buying centers?</h3>

A buying center is a jointed decision-making group that gathers individuals of an enterprise who engage or involve in the purchasing process for a certain product or a service.

A buying center is the collection of employees or members of any form of organization that are in charge of making big purchases.

Members of the buying center include

  • Buyers
  • Decider
  • User
  • Initiator
  • Influencer
  • Gatekeeper

Here, the <u>decider </u>has the formal or informal power to select or approve the suppliers that receive the contract in a buying center.

Learn more about buying center here:

brainly.com/question/8947097

3 0
3 years ago
Which of the following is the best description of what is shown by the long-run average cost (LRAC) curve?
inna [77]

Answer: d. the firm's least expensive average total cost for any level of output

Explanation:

In the long-run, the company is expected to be able to solve whatever problems that is limiting its efficiency such that it is only able to produce at the cheapest costs possible.

The long-run average cost curve will therefore try to illustrate this by showing the least expensive average total cost for any level of output. Every point on the LRAC will be the lowest total cost associated with the level of output that it is graphed against.

6 0
3 years ago
Financial statements all have a goal. The cash flow statement does as well.
ICE Princess25 [194]

Answer:

A cash flow statement is one of the most important statements along with the income statement and balance sheet in the financial statements.

A statement of cash flow lets the organization know how much  precisely on cash that came in and went out of the organization in any given period.

a) To predict future cash flow: this is a function of the cash flow statement as it enables the organization predict from past figures through a cash projection statement which modifies and accounts for anticipated changes in price, volume, interest rates, and other factors and enables the firm know  how much cash is likely to flow in and out of the entity in any given future period. This enables the firm know where it stands in terms of liquidity and also helps in budgeting and making long-term plans for the organization.

b) To evaluate management decision: The cash flow statement is a great indication of a firms liquidity which is a vital indicator a the firms ability to remain in business. The cash flow statement enables investors know the exact amount of cash the has come in and out of the organization and not the profit and loss (which can be influenced through profit smoothing). The cash flow statement portrays how well cash has been spent by the company and what the cash was spent on.

c) Predict the ability to make debt payments to lenders and pay dividends to stockholders: the cash flow statement helps the firm acknowledge how much in cash i.e. how liquid the firm is which is basically its ability to make debt payments as well as any other cash payment required such as payment of dividend. The cash flow statement also lets the firm know is it would require borrowing to make any such payment.

Explanation:

7 0
3 years ago
Brower is a holder of a promissory note obtained from AMCO Credit Union, Inc.
Murrr4er [49]

Answer:

The same defenses

Explanation:

All actions on promissory notes, other contracts or bonds, whether express or implied, that the payment of money are subject to the kind of defense the payor, obligor, or debtor had against the payee, creditor or obligee. Based on the notice of transfer or assignment.

6 0
3 years ago
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