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3 years ago

The chart shows a range of credit scores.

Business

2 answers:

fgiga [73]3 years ago

7 0

Answer:

find it hard to get a loan.

Explanation:

According to the bar chart, a credit rating of between 500 and 600 lies within a bad and poor credit score. A bad or poor credit score indicates the irresponsible use of credit facilities and bad credit history. It tells that the individual has a history of missing out on loan installments, late payments, or defaulting on loans.

A bad or poor credit rating implies that a customer is highly likely to default on loan repayment. Due to this reason, lenders judge them to be high-risk customers and are likely to deny them credit facilities.

Marina CMI [18]3 years ago

3 0

Answer:

find it hard to get a loan.

Explanation:

a p e x

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On January 1, 2021, Legion Company sold $260,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December

Galina-37 [17]

Answer:

$12,021

Explanation:

Calculation to determine what Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of:

Using this formula

Interest paid =[Bonds amount*(Priced to yield/2)]

Let plug in the formula

Interest paid = $200,356*( 12%/2)

Interest paid=$200,356*6%

Interest paid =$12,021

Therefore Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of:$12,021

3 0

3 years ago

Pat used to work as an aerobics instructor at the local gym earning $35,000 a year. Pat quit that job and started working as a p

Svetlanka [38]

Answer:

B. $34,000; -$1,000

Explanation:

Accounting profit equals total revenue minus explicit costs. Here,

$50,000 - $12,000 - $1,000 - $3,000 = $34,000.

Economic profit equals total revenue minus the sum of both explicit and implicit costs. Here,

$50,000 - $12,000 - $1,000 - $3,000 - $35,000 = -$1,000

4 0

3 years ago

Hollister and Gladys do business as partners in Frothy Confections. For federal income tax purposes, Frothy Confections would be

BARSIC [14]

A a pass through entity I hope it ok

6 0

3 years ago

Read 2 more answers

Mallory Furniture buys two products for resale: big shelves (B) and medium shelves (M). Each big shelf costs $500 and requires 1

Afina-wow [57]

Answer:

3,000 cubic feet left of storage.

Explanation:

Giving the following information:

Big shelves (B):

Each big shelf costs $500.

It requires 100 cubic feet of storage space.

Medium shelves (M):

Each medium shelf costs $300

It requires 90 cubic feet of storage space.

The company has $75,000 to invest in shelves.

The warehouse has 18,000 cubic feet available for storage.

Mallory purchase 150 big shelves.

Amount of money= 150* 500= $75,000 (no money left).

Cubic feet= 150* 100= 15,000 cubic feets

3,000 cubic feet left of storage.

8 0

3 years ago

Abba, Inc. is considering dropping a product line. During the prior year, the line had sales of $207,000 and a contribution marg

damaskus [11]

Answer:

Overall net income will decrease by $34,000.

Explanation:

Calculation to determine net operating income

Using this formula formula

Net operating income=Contribution margin -Avoidable costs

Where,

Contribution margin =$124,000

Avoidable costs= Salaries $60,000

+Advertising $20,000+Administrative expenses $10,000

Let plug in the formula

Net operating income=$124,000-($60,000+$20,000+$10,000)

Net operating income=$124,000-$90,000

Net operating income=$34,000 Decrease

Therefore If this product line is dropped overall net operating income will:decrease by $34,000

8 0

3 years ago