2 years ago

What does a credit score measure?

1 answer:

6 0

Your credit score is a number that represents the risk a lender takes when you borrow money. A FICO score is a well-known measure created by the Fair Isaac Corporation and used by credit agencies to indicate a borrower's risk. ... However, in both cases, the higher the credit score, the lower the risk to the lender.

You might be interested in

Which of the following are present value methods of analyzing capital investment proposals? a. internal rate of return and avera

Dmitriy789 [7]

Answer:

C) Net present value and internal rate of return

Explanation:

Of the methods discussed, cash payback and average rate pf return does not take into account the time value of money. Cash payback and ARR basically only use the cash flows and profits in relevance to the investment.

Net present value as the name suggests, discounts these cash flows and then subtracts the initial outlay costs and Internal rate of return also discounts the project cash flows so that they equal zero. Thus these two are the options that take into account the time value. IRR often is calculated by discounting cash flows at different rates until the NPV = 0.

Hope that helps.

8 0

2 years ago

Wood Incorporated factored $165,600 of accounts receivable with Engram Factors Inc. on a without recourse basis. Engram assesses

ruslelena [56]

Answer:

The journal entries are shown below:

Explanation:

Cash $149,040

Due from factor $11,592 ($165,600 × 3%)

Loss on sale of receivables $4,968 ($165,600 × 3%)

To Account receivable $165,600

(Being the factoring of account receivable is recorded)

Account receivable $165,600

To Due from factor $11,592 ($165,600 × 3%)

To Cash $149,040

To Gain on sale of receivables $4,968 ($165,600 × 3%)

(Being the factoring of account receivable is recorded)

Only these entries are passed

5 0

3 years ago

If goods are sold on terms fob shipping point, the ________.

dsp73

<span>Buyer normally pays the transportation costs</span>

8 0

3 years ago

Only old people who needs to know about Social Security

svet-max [94.6K]

Answer:

Explanation:

5 0

3 years ago

Following is information on an investment considered by Hudson Co. The investment has zero salvage value. The company requires a

Liono4ka [1.6K]

Hi I think that is 3.

6 0

2 years ago