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Allushta [10]
2 years ago
13

Why do we say that credit is basically a loan?

Business
1 answer:
Ket [755]2 years ago
4 0
Technically no, a loan is when you borrow money, credit score shows of you pay your bills on time and all that
You might be interested in
Financial statements of Kansas Ltd (Fr) for 2X13 are authorized by management and auditors on February 15, 2X13 for issuance on
mrs_skeptik [129]

Answer:

a) In compliance with the IFRS

Explanation:

Since in the question it is mentioned that The financial statement of kansas ltd would be authorized by the management and auditors as on Feb 15 fpr issuance. On Feb 20 it settled as a plaintiff a 5 million euro lawsuit. Now the CFO of the company have make the second decision regarding the financial statement presentation in which he decides not to record this settlement so here is in compliance with the IFRS

Therefore the option A is correct

7 0
2 years ago
Heidi runs a multiple regression for the output of cheese curds by using the daily temperature and the consumption of sweet clov
Furkat [3]

Answer:

D is the appropriate conclusion.

D) Heidi should drop the sweet clover term from her model.

4 0
2 years ago
Over the past four years, the annual percentage returns on large-company stocks were 15, 7, 4, and 18%. For the same time period
Kisachek [45]

Answer:

c. 7.98; .92.

Explanation:

My calculations varied slightly (0.02% and 0.01%), but the error might be a rounding error. Option C is the logical answer since the difference is minimum.

real rate returns from stocks:

15% - 2.8% = 12.2%

7% - 2.8% = 4.2%

4% - 2.8% = 1.2%

18% - 2.8% = 15.2%

average real return = 8.2% arithmetic mean

average real return = 8% geometric mean

real rate returns from US T-bills:

6% - 2.8% = 3.2%

3% - 2.8% = 0.2%

2% - 2.8% = -0.8%

4% - 2.8% = 1.2%

average real return = 0.95% arithmetic mean

average real return = 0.93% geometric mean

4 0
2 years ago
Employees should keep their cell phones on them at all times because they may have time to talk with friends and family througho
sesenic [268]

Answer:

False

Explanation:

they should have them charged and on their person because their boss my be sending them information through it or so that they can get emergency calls from work of family

4 0
3 years ago
Icon International, a software company, incorporated on January 1, 2013 is planning to convert to IFRS. The company decided to p
bekas [8.4K]

Answer:

The correct transition date which Icon international will show is B) January 1, 2015.

Explanation:

Icon international which was incorporated on January 1, 2013, wants to convert to IFRS( International financial reporting standards ) , which provides a  similar international language for business affairs, which would help making company accounts comparable and understandable across the global boundaries.

The correct transition date would be the year starting date ( 1 January ) , as the year in which company starts adopting to IFRS standards and making IFRS statements , so here the January 1, 2015 would be the correct transition date.

6 0
3 years ago
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