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3 years ago

What are two factors used to determine a credit score? Explain how they indicate good or poor credit. Write in complete

Business

1 answer:

myrzilka [38]3 years ago

7 0

Answer:

Payment history: Lenders are most concerned about whether or not you pay your bills on time.

Amounts owed: The amount of debt you have in comparison to your credit limits affects your credit. the higher the debt the riskier you seem to a potential creditor.

Length of credit history: Having a longer credit history is favorable because it gives them a more favorable picture that you have built credit over the years with other creditors.

New credit: In general, people who open many new credit accounts in a short amount of are considered a high risk. Too many new accounts can negatively impact your credit score.

Explanation:

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A legal firm would be considered a

Serjik [45]

A legal firm would be considered a service company because they provide legal services to clients and persons.

4 0

3 years ago

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You are hoping to buy a new boat 3 years from now, and you plan to save $5,800 per year, beginning one year from today. You will

sweet-ann [11.9K]

Answer:

FV= $17,701.6

Explanation:

Giving the following information:

Annual deposit (A)= $5,800

Interest rate (i)= 5.2%

<u>To calculate the future value after the third deposit, we need to use the following formula:</u>

<u></u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,800*[(1.052^2) - 1]} / 0.052 + 5,800

FV= $17,701.6

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3 years ago

Finding out how a product or service will do in a certain market is an example of this use of market research: identify if commu

Veseljchak [2.6K]

Answer:

identify value

Explanation:

Finding out how a product or service will do in a certain market is an example of this "IDENTIFY VALUE" market research. This will help the producers understand and know what the consumers want and the degree of value they placed on their products.

identify if communications are effective is used determine who the consumers are and the type of media preferred.

identify if consumer needs are being met is used to determine what customers like or dislike about a product or service.

identify threats and investigate the competition is used to determine changes in consumer preferences and competition

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3 years ago

Laura is an 18-year-old student. She is going to open a checking account with an initial deposit of $100. She plans to then have

joja [24]

Answer:

the answer would be bankright because if u add 300 x 12 that would be 3,600 dollars and since shes 18 and that discount that would be five dollars and the monthly fee is 5 dollars. that would be 60s all together and she would have closest to to the her wanted amount so yeah.

Explanation:

brainliest pls

6 0

3 years ago

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SWOT analysis is useful in part because it obliges the firm to act proactively by putting an emphasis on identifying opportuniti

S_A_V [24]

Answer: True

Explanation:

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis is very popular because even though it appears simple, it can have such a massive impact on a company because it alerts Management to opportunities that exist to take the firm forward.

It also speaks to the company on ways to converge strategies that aim to harness the strengths or weaknesses in a Firm's INTERNAL and EXTERNAL environment with the aformentioned OPPORTUNITIES and THREATS thereby leading to a COMPLETE decision making process and result that can serve to push the company to be Proactive in taking strides that will grow the company.

SWOT analysis is a pure example of, "Simplicity is the ultimate Sophistication".

4 0

2 years ago

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