Creditors will decline your request for credit if they see that your income is insufficient to cover your debts.
Lenders will be reluctant to approve a loan if you have a bankruptcy on your credit report since it increases the risk involved.
Thus, Option B is correct.
<h3>Who makes the decision about your credit application?</h3>
Your information is provided to the credit reporting bureau, but the lender ultimately decides whether or not to extend credit.
The best course of action is typically to speak with the lender directly if you require more details especially regarding your denial.
For more information about Credit application refer to the link:
brainly.com/question/21237270
#SPJ1
The value of a bank's assets is than its liabilities, the bank is said to be <u>solvent</u>
<h3>What is assets?</h3>
Any resource that a company, an organization, or an economic body owns or controls is considered an asset. It encompasses everything that has the potential to generate gains in the economy. When turned into money, assets indicate the worth of ownership.
<h3>What do you mean by solvent in accounting?</h3>
A company's capacity to fulfill its short-term and long-term financial commitments is known as its solvency. One indicator of a company's financial health is its level of solvency, which reveals whether it will be able to continue running its business into the near future. Ratio analysis is a tool investors can use to assess a company's solvency.
To know more about solvent in accounting visit:
brainly.com/question/17373453
#SPJ4
Answer:
decreases
Explanation:
When bonds are sold at a premium, it is sold at a price higher than the par value. For example, if the par value is $100, the bond would be selling at a premium if it is sold at $101. At expiration of the bond's tenor, the price of the bond must equal its par value, so at each each interest payment day, the interest expense decreases
Answer: single use plan
Explanation: In simple words,single use plan refers to the plan that is made for achieving a goal that will not repeat in future.
A program plan refers to the plan that an organisation makes with an objective of outlining the activities and events that the employees have to follow for achieving organisational goals.
Hence, from the above we can conclude that a program is a single use plan as it outlines activities for a specific project that needs to be performed.
