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3 years ago

1. In. Your own words What is Credit?

2 answers:

7 0

Answer: 1to sum it up credit is basically the ability to borrow money or access goods or services with the understanding that you'll pay later.

2Your credit score is important for a few reasons. First, it influences your chances of getting approved for a loan or credit card. This is particularly important if you want to purchase a home in the future because your score will influence your mortgage eligibility.

3 It raises the price of your bills.

It could keep you from getting the home you want.

It affects the interest rate on your mortgage.

It could influence your relationships.

It determines whether your loan gets approved.

It changes the way you pay for things.

It could keep you from getting hired.

Explanation:

weeeeeb [17]3 years ago

3 0

Answer:

1.A credit score is a numerical term that represents a person's creditworthiness centered on a level review of their credit files. The credit score is primarily based on a credit report, which is usually obtained from credit bureaus.

2.Your financial history can affect how easily you can get a mortgage, rent an apartment; make big-ticket purchases; take out loans, and in some industries even get hired. When you apply for a credit card or even a cable hookup, lenders check your credit rating.

You might be interested in

Marquis Company estimates that annual manufacturing overhead costs will be $900,000. Estimated annual operating activity bases a

inessss [21]

Answer:

$18.00

Explanation:

Overhead rate = Estimated Overheads ÷ Estimated Activity

= $900,000 ÷ 50,000

= $18.00

Therefore,

Overhead rate per direct labor hour is $18.00

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3 years ago

You are concerned with a steady decline in profits in your company, despite the fact that costs are not rising at an unreasonab

alexdok [17]

Answer:

I will visit the sales manager first

Explanation:

A company is profitable if its turnover exceeds expenditure. In other words, total sales must be more than the sum of the cost of sales and operating costs.

In a company, the significant cost components are inventory and operations costs. In this case, costs are risings reasonable. It signifies growth in production activities. The problem for the company is likely to be sales-related. Possible challenges in sales departments include.

A significant drop in sales volumes

2. Low mark-up on the companies products

3. Pilferage or fraud in the sales processes.

4 0

3 years ago

1. Suppose that Michelle buys a cappuccino from Paul\'s Cafe and Bakery for $6.25. Michelle was willing to pay up to $8.75 for t

Alex787 [66]

Answer:

785

Explanation:

8 0

3 years ago

Your great aunt left you $15,000 when she died. You can invest the money to earn 6.5% per year. If you spend $2,100 per year out

lisabon 2012 [21]

Answer:

The money will last for <u>approximately 10 years</u>.

Explanation:

Assuming the withdrawal to spend $2,100 is made at the end of each year, the relevant formula to use is therefore the formula for calculating the present value (PV) of an ordinary annuity as follows:

PV = P * [{1 - [1 / (1 + r)]^n} / r] …………………………………. (1)

Where;

PV = Present value of the inheritance left by your great aunt = $15,000

P = yearly withdrawal = $2,100

r = interest rate = 6.5%, or 0.065

n = number of years the money will last = ?

Substitute the values into equation (1) and solve for n as follows:

15,000 = 2,100 * [{1 - [1 / (1 + 0.065)]^n} / 0.065]

15,000 / 2,100 = {1 - [1 / 1.065]^n} / 0.065

7.14285714285714 = [1 - 0.938967136150235^n] / 0.065

7.14285714285714 * 0.065 = 1 - 0.938967136150235^n

0.464285714285714 = 1 - 0.938967136150235^n

0.938967136150235^n = 1 - 0.464285714285714

0.938967136150235^n = 0.535714285714286

Loglinearize both sides, we have:

n * log 0.938967136150235 = log 0.535714285714286

n = log 0.535714285714286 / log 0.938967136150235

n = -0.271066772286538 / -0.0273496077747564

n = 9.9112 years, or approximately 10 years

Therefore, the money will last for <u>approximately 10 years</u>.

3 0

3 years ago

In each of the following situations, state whether the bonds will sell at a premium or discount. Required a. Valley issued $300,

IrinaK [193]

Answer:

a. Premium

b. Discount

c. Discount

Explanation:

a. Valley issued $300,000 of bonds with a stated interest rate of 7 percent. At the time of issue, the market rate of interest for similar investments was 6 percent.

Premium (discount) = Bond's stated interest rate - Market rate of interest for similar investments = 7% - 6% = 1% premium

Therefore, Valley's bond will sell at a premium.

b. Spring issued $220,000 of bonds with a stated interest rate of 5 percent. At the time of issue, the market rate of interest for similar investments was 6 percent.

Premium (discount) = Bond's stated interest rate - Market rate of interest for similar investments = 5% - 6% = -1% discount

Therefore, Spring's bond will sell at a discount.

c. River Inc. issued $150,000 of callable bonds with a stated interest rate of 5 percent. The bonds were callable at 102. At the date of issue, the market rate of interest was 6 percent for similar investments.

Premium (discount) = Bond's stated interest rate - Market rate of interest for similar investments = 5% - 6% = -1% discount

Therefore, River Inc.'s bond will sell at a discount.

3 0

3 years ago