The best three main roles of major credit reporting agencies are:
- Compile consumer credit
- Loan information and
- Provide it to lenders and businesses.
<h3>What is a credit reporting agency?</h3>
A credit reporting agency is a company that keeps track of people's and companies' credit histories. They get information from creditors and other sources, which they put into a credit report, which incorporates a credit score when it's released.
The best three main roles of major credit reporting agencies are:
- Compile consumer credit
- Loan information and
- Provide it to lenders and businesses.
Learn more about credit reporting agencies here:
brainly.com/question/9913263
Answer:
b. consumer spending
Explanation:
GDP = C+I+G+(X-M)
The most powerful driver of an economy is consumption (C). In the US the biggest share in the GDP participation is the consumers expenditure of goods and services within the economy.
Answer:
The risk free rate is 3.325%
Explanation:
The required rate of return or cost of equity of a stock can be calculated using the CAPM. The CAPM estimates the required rate of return of a stock based on three factors- risk free rate, stock's beta and the market risk premium. The equation of required rate of return under CAPM is,
r = rRF + Beta * (rM - rRF)
Where,
- rRF is the risk free rate
- rM is the return on market
- (rM - rRF) gives us the risk premium of market
We already have the values for r, Beta and rM. Plugging in these values in the formula, we calculate the rRF to be,
Let rRF be x.
0.1185 = x + 1.24 * (0.102 - x)
0.1185 = x + 0.12648 - 1.24x
1.24x - x = 0.12648 - 0.1185
0.24x = 0.00798
x = 0.00798/0.24
x = 0.03325 or 3.325%
Answer:
Dr Office equipment 31,700
Cr cash 7,600
Cr Accounts payable 24,100
Explanation:
Preparation of the journal entry for the purchase of office equipment on February 19
Based on the information given the if asset was purchased on February 19 for the amount of $31,700 in which the company paid the amount of $7,600 cash and the remainder on account which means that the journal entry will be:
February 19
Dr Office equipment 31,700
Cr cash 7,600
Cr Accounts payable 24,100
(31,700-7,600)
Answer:
<em>under</em><em> </em><em>heal</em><em>th</em><em> </em><em>and</em><em> safety</em><em> </em><em>law</em>
Explanation:
The primary responsibility for this is down to employees workers have duty to take of their own health and safety.
