1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Green Cabinets is a custom cabinet builder. They recently completed a set of kitchen cabinets (Job Number 1478), as summarized b
Alinara [238K]

Answer:

a. $612

b. $2,480

Explanation:

a. Overhead is applied at a rate of $12 per direct labor hour.

Overhead applied would therefore be;

= 12 * total labor hours

= 12 * 51

= $612

b. Total Cost = Direct labor cost + Direct Material cost + Manufacturing overhead

= 978 + 890 + 612

= $2,480

5 0
3 years ago
Within the context of the Ricardian model of trade, suppose that the introduction of a vaccine against a virus increases the pro
vitfil [10]

Within the context of the Ricardian model of trade, suppose that the introduction of a vaccine against a virus increases the productivity of workers in the developed world. What would you expect wages to do? fall mainly in the developing countries.

3 0
3 years ago
Stores such as T. J. Maxx, Burlington Coat Factory, and Marshalls buy manufacturers' seconds, overruns, returns, and off-season
Rama09 [41]

Answer: off price retailers

Explanation:  In simple words, it refers to the retailers that sells high quality products at relatively lower prices than market. The key to their business structure is the discount they offer as the majority of product they sell are of second hand quality or are off seasoned.

    They procure material directly from the suppliers in the form of scrap etc and then sells it to retailer at heavy discounts. Hence from the above we can conclude that the correct answer is off price retailers.

4 0
3 years ago
A review of the accounting records of Perez Manufacturing indicated that the company incurred the following payroll costs during
Yuliya22 [10]

Answer:

SG&A expense = $363,000

Payroll cost which is included in Cost of goods sold = $827,200

Explanation:

The computation of SG&A and cost of goods sold

a.

Salary of the company president = $75,000

Add: Chief financial officer salary  = $42,000

Add: Vice president of marketing salary = $40,000

Add: Administrative secretaries salaries = $60,000

Add: Commissions paid to sales staff = $146,000

SG&A expense = $363,000

b.

Vice president of marketing salary= $50,000

Add: Middle managers salaries = $147,000

Add: Wages of production workers = $703,500

Add: Engineers and other personnel responsible salaries= $133,500

Total = $1,034,000

Payroll cost which is included in Cost of goods sold

= $1,034,000 × 4000 ÷ 5000

= $827,200

5 0
3 years ago
Financial statement forecasts rely on additivity within financial statements and articulation across financial statements. Given
JulsSmile [24]

Answer: account receivable

Explanation:

The forecast in sales growth will most likely affect growth of the account receivable. Accounts receivable refers to the amount that's due to a business for the goods or services that were delivered to.a customer but.habent been paid for. It's s current asset.

The sale growth forecast will have an effect on the account receivable. An increase in sales growth will ultimately lead to an increase in the accounts receivable which implies that there will be more customers buying on credit.

6 0
3 years ago
Other questions:
  • "When a company recognizes that the needs of one market segment is not the same as another and accordingly customizes its produc
    15·1 answer
  • Parkdale Windows utilizes a classic assembly line in manufacturing its window components. Which type of interdependence is depic
    9·1 answer
  • Kristen’s employer owns its building and provides parking space for its employees. The value of the free parking is $150 per mon
    10·1 answer
  • Leiff goes online to buy a new video game. He finds a site that currently has a promotion of 15% off on all orders over $50. Lei
    14·1 answer
  • After the 2008 global financial meltdown, Swiss-based banking giant UBS published a 44- page dress code that stipulated, among o
    14·1 answer
  • When a nation is in autarky and maximizes its living standard, its consumption and production points are a. beneath the producti
    15·1 answer
  • Three different companies each purchased trucks on January 1, 2018, for $56,000. Each truck was expected to last four years or 2
    15·1 answer
  • Pete, a human resource intern, was given an assignment by his manager that meant he must obtain information from other departmen
    5·1 answer
  • On December 31, 2020, Clarkson Company had 100,000 shares of common stock outstanding and 30,000 shares of 7%, $50 par, cumulati
    10·1 answer
  • Which of the following statements regarding the graphs tool are correct? Check all that apply. All graphs contain at least one g
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!