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
Oksanka [162]
3 years ago
13

Which of the following is not a valid FICO credit score?

Business
1 answer:
Rus_ich [418]3 years ago
5 0

Answer:

A. 900

Explanation:

FICO is an acronym for Fair Isaac Corporation, they create an accurate and reliable credit score of customers for use by lenders.

Basically, your FICO depends most on the amounts you owe and your payment history.

A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.

This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.

Hence, lenders look at the credit score of a loan applicant in order to ensure that the applicant is financially responsible and would be able to repay the loan at the agreed upon date.

In conclusion, a valid FICO credit score is between 300-850 i.e the maximum (highest) credit score is 850 and as such a credit score of 900 is invalid.

You might be interested in
If a company had a contribution margin of $1,000,000 and a contribution margin ratio of 40%, total variable costs must have been
dolphi86 [110]

Answer:

$1,500,000

Explanation:

Data provided in the question:

contribution margin of the company = $1,000,000

Contribution margin ratio = 40%

Now,

The sales = (contribution margin) / (Contribution margin ratio)

thus,

Sales = \frac{1,000,000}{0.40}

or

sales = $2,500,000

Therefore,

Variable cost = Sales - Contribution margin

or

Variable cost = $2,500,000 - $1,000,000 = $1,500,000

8 0
3 years ago
The epa is planning to stiffen the requirements for cleaning pollutants from the stacks of? coal-fired electricity generating? p
IgorLugansk [536]
<span>With respect to organizational change, this would also represent a change in the type of waste machines that are used in the Industry. Since the EPA is targeting a 30% reduction of waste generated by coal-fired powerplants, the manufacturing industries are now required to adapt the new method that is  establish to minimize carbon footprint.</span>
8 0
3 years ago
Does the Constitution set down the rights of the people? Yes or No
Dmitry_Shevchenko [17]

Answer:

yes

Explanation:

the constitution does set down the rights of the people like right to freedom and right to equality

4 0
3 years ago
Read 2 more answers
Social mobility in the u.s. does not depend on where one starts in the class system anthropolgy
alexgriva [62]
The statement above is TRUE.
Social mobility refers to the movement of individuals or families within or between social strata in a particular society. It means a change in social status relative to one's present location with a given society. Social mobility in US does not depend on where one start in the class system; one can come from the lowest class strata and become one of the richest individual and an individual from a very rich family can also end up as a p.auper. A lot of factors come to play in these situations.
6 0
3 years ago
Which statement accurately describes a developing country?The country's population has a high growth rate.The country has a high
lukranit [14]

Answer:

A

Explanation:

developing countries have high population growth rate

3 0
3 years ago
Read 2 more answers
Other questions:
  • Donna formed a corporation several years ago by issuing 500 shares of stock. There are 10 shareholders, with the smallest shareh
    8·1 answer
  • Happy Monkey Manufacturing currently has 20,000 shares of common stock outstanding. Its management believes that its current sto
    7·1 answer
  • Illinois Company is attempting to develop the cost function for repair costs. The following past data are available: Machine Hou
    13·1 answer
  • 6. Suppose that the returns on the stock fund presented in Spreadsheet 6.1 were 240%, 214%, 17%, and 33% in the four scenarios.
    14·1 answer
  • Desktop management__________.a. increases the cost of configuration management over the long termb. requires managers to install
    5·1 answer
  • At the beginning of 2018, Rex Co. showed a debit balance in the cash account of $20,500. Total debits to this account during the
    10·1 answer
  • Which of the following is true of applications for employment?
    15·2 answers
  • Quay Co. had the following transactions during the current period.Mar. 2 Issued 5,000 shares of $7 par value common stock to att
    11·1 answer
  • Why have labot and management tended to treat each other as adversaries in the U,S. labor relations system?
    5·1 answer
  • The idea that only the most efficient workers will depart in response to a wage cut is called ________.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!