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klemol [59]
3 years ago
9

If denied a loan, which of the following changes to your application process will not increase your chances of approval when you

re-apply? a. Apply for a larger loan amount. b. Increase your gross monthly income. c. Have a cosigner apply for the loan with you. d. Eliminate some of your debt before you re-apply. Please select the best answer from the choices provided A
Business
1 answer:
fredd [130]3 years ago
6 0

Answer:

a. Apply for a larger loan amount.

Explanation:

In the case when the loan is re-applied after rejecting so if we applying for a larger loan should be rejected even quickly. As if the financial insitution found that the smaller amount loan is been rejected so application made for larger amount of loan should not be helped out for approve. Also there is proper tracking of loans with regard to the customer names

Hence, the option a is correct

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If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its
Brums [2.3K]

Answer:

$35,400

Explanation:

The computation of the increase in sales is shown below:

The Total sales value is

= Number of units sold × selling price per unit

= 2,950 units × $40 per unit

= $118,000

Now if the contribution margin increases by 30, so ultimately the sales is also increased by 30%

Therefore, the increase in sales is

= $118,000 × 30%

= $35,400

7 0
3 years ago
true or false with the use of marketing businesses are able to produce products and services that consumers need
maks197457 [2]
Yes because  the money they get from marketing can be used for new and improved products 
6 0
3 years ago
3. Lesley bought 4 bags of pretzels and 2 boxes of granola bars for $13.50. Landon bought 1 bag of pretzels and 5 boxes of grano
velikii [3]

Answer:

Problem 3: Let x = price of bag of pretzels Let y = price of box of granola bars  

We have Lesley's purchase: 4x+2y=13.50

And Landon's: 1x+5y=17.55

We can use the elimination method. Let's negate Landon's purchase by multiplying by -1. -1x-5y=-17.55

We add this four times to Lesley's purchase to eliminate the x variable.

2y-20y=13.50-70.2

-18y=-56.7

y = $3.15 = Price of box of granola bars

Plug back into Landon's purchase to solve for pretzels.

x+5*3.15=17.55

x+15.75=17.55

x = $1.80 = price of bag of pretzels

 

Problem 4.

Let w = number of wood bats sold

Let m = number of metal bats sold

From sales information we have: w + m = 23

24w+30m=606

Substitution works well here. Solve for w in the first equation, w = 23 - m, and plug this into the second.

24*(23-m)+30m=606

552-24m+30m=606

6m=54

m=9 = number of metal bats sold

Therefore since w = 23-m, w = 23-9 = 14. 14 wooden bats were sold.

Explanation:

6 0
2 years ago
Read 2 more answers
Corbin Company was charged​ $25 for a check printing service fee associated with its checking account. Which journal entry is​ r
snow_tiger [21]

Answer:

Dr Miscellaneous expense $25

Cr Cash $25

Explanation:

With regards to the above, the $25 charged for a check printing fee, associated with their check in account is an expense, hence must be debited to miscellaneous expense account while the corresponding entry will be credited to cash account.

Hence journal entry would be;

Dr Miscellaneous expense $25

Cr Cash $25.

3 0
3 years ago
In a(n) ________, members eliminate internal trade barriers, adopt a common external policy toward nonmembers, and eliminate bar
JulijaS [17]

Answer:

A Common Market

Explanation:

A Common Market is the one where a group is created or established by countries within the area of geographical in order to encourage the duty free trade as well as the free labor movement and also the capital among the members. In the market, it imposes a common external tariff on the imports.

So, in this market, members eliminate the barriers of trade and adopt or follow the common policy.

7 0
4 years ago
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