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Anastaziya [24]
2 years ago
5

Payment History and Total Debt, together, comprise 65% of your score. Why do you think it's so high?

Business
1 answer:
SIZIF [17.4K]2 years ago
8 0

Answer: Direct evidence of ability to pay debt

Explanation:

Payment history and Total debt are so highly rated because they provide direct evidence of the person's ability to pay back debt.

Payment history shows how well the person had been paying off previous debt and this is very important because it is believed to show a person's ability to pay future debt. If a person's payment history is bad, credit rating agencies will express doubt at this trend changing thus reducing one's credit score.

Total debt is an even more direct determinant of a person's ability to pay. The more debt a person currently holds, the less they will be able to pay for new debt because it would mean that a significant part of their income is already going towards debt payment. This will therefore reduce a person's credit score. The reverse is true.

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This is homework form me a teacher have you drawn a cool awesome drawling
Delvig [45]

Answer:

B

Explanation:

dont give me brainliest

6 0
2 years ago
quality control activity analysis indicated the following four activity costs of a hotel. Verifying credit card information $52,
trapecia [35]

Answer:

The total cost of quality is $ 313200

Explanation:

First we need to distinguish the costs and allocate them to the correct category for the cost of quality report.

We have verifying credit card information of $52200

Customer service training of $104400

Discounting room rates due to poor service $ 156600

The 4 categories of cost of quality report are Prevention Costs, Appraisal Costs, Internal Failure costs and external failure costs.

Conforming Costs

Customer service training - prevention costs. - $104400       1,53% of total sales

Verifying credit card information - appraisal cost - $52200   0,76% of total

Non-conforming costs

Internal Failure

External Failure costs

Discounting room rates due to poor service $ 156600          2,3% of total sales

Total cost of quality                                          $ 313200         4,6%  of total sales

5 0
2 years ago
You have just received notification that you have won the $1.4 million first prize in the Centennial Lottery. However, the prize
Arada [10]

Answer:

Present value = $6404.20

Explanation:

Data provided in the question :

Amount of the Centennial lottery prize won = $1.4 million = $1,400,000

Time after which the amount will be received, n = 70 years

Discount rate, r = 8%

Now,

the present values is given as:

\textup{Present value}=\frac{\textup{Principle amount}}{(1+r)^n}

on substituting the respective values, we get

\textup{Present value}=\frac{\textup{$1,400,000}}{(1+0.08)^70}

or

Present value = $6404.20

6 0
3 years ago
If an organization under a compliance law is not in compliance, how critical is it for your organization to mitigate this noncom
serg [7]

Answer:

It is a very critical factor for companies to comply with what the Occupational Risk Prevention law says. Companies are responsible for achieving a safe work environment, and all the sanctions will fall on them if they fail to comply with appropriate security measures, such as an economic, criminal or civil sanction, depending on each situation

Explanation:

The Law on Occupational Risk Prevention aims to guarantee safety and health in the workplace, by complying with certain labor measures. The worker can have a civil responsibility in case of not acting correctly, and will have to answer for it legally if it causes damage to third parties. However, it is finally the company that must respond even when workers cease to comply with their safety obligations.

A good prevention reduces the risk of endangering the integrity of workers. On the other hand, there are various sanctions against companies that do not comply with these measures, the most important is the economic damage, which should be avoided. In more serious cases, criminal or civil liability could also exist, but it would depend on the situation

4 0
3 years ago
Geoff purchased a life annuity for $4,800 that will provide him $100 monthly payments for as long as he lives. Based on IRS tabl
Brilliant_brown [7]

Answer:

B. $80

Explanation:

The annuity exclusion ratio is ($4,800/($100*240))= 20% return of capital per payment. Hence, $80 of the $100 monthly payment is include in gross income

8 0
3 years ago
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