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3 years ago

1. In. Your own words What is Credit?

2 answers:

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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.

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Members of mid-south petroleum distributors, a trade group, had trouble obtaining affordable pollution liability insurance. the

seraphim [82]

The answer to the question is risk retention group.

Risk retention group is a state-chartered insurance company that insures commercial businesses and government entities against liability risks. This type of insurance is different from traditional insurance companies because they are exempted from state laws that regulate insurance and do not have to obtain a state license for every state in which it operates from.

4 0

4 years ago

Compute the Cost of Goods Sold for 2016 using the following information: Direct Materials, Jan. 1, 2016$50,000 Work-in-Process,

fiasKO [112]

Answer:

COGS= $154,500

Explanation:

<u>First, we need to calculate the cost of goods manufactured:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 50,000 + 95,000 - 63,000= $82,000

cost of goods manufactured= 74,500 + 82,000 + 58,500 + 79,500 - 107,000

cost of goods manufactured= $187,500

<u>Now, the cost of goods sold:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 125,000 + 187,500 - 158,000

COGS= $154,500

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3 years ago

Kenzi Kayaking, a manufacturer of kayaks, began operations this year. During this first year, the company produced 1,075 kayaks

Colt1911 [192]

Answer:

Net income under absorption costing is $240,000

Explanation:

Sales (825*$1075) $886,875

less variable costs

Variable production cost($375*825) (309,375)

selling and admin. expense ($95,000)

Contribution margin $482,500

less fixed costs:

fixed production cost ($107,500)

selling and admin. expense ($135,000)

Net income $240,000

Net income under absorption was $25,000 more than the net income under the absorption costing, the difference is analyzed below:

Fixed product costs (1075-825)*$100=$25,000

That is the fixed production costs added to closing inventory under absorption method which was expensed under variable costing method

4 0

3 years ago

When travelers are bumped from overbooked flights, they are frequently offered vouchers good for future travel. The dollar value

earnstyle [38]

Answer:

The correct answer is letter "E": distributive fairness.

Explanation:

Distributive fairness is what is fair and correct regarding benefits assignation to a certain group. The principles of distributive fairness are ruling principles designed to guide the benefits of assignation and load of economic activity. English philosopher Thomas Hobbes <em>(1588-1679)</em> used to relate the principle of distributive fairness with the right of each individual to ensure self-preservation, something that included food, water, clothing, and somewhere to live.

6 0

3 years ago

In the long run, the competitive firm's supply curve is the a. entire marginal-cost curve. b. portion of the marginal-cost curve

Mars2501 [29]

The long run will see the supply curve of a completive firm changing to the b. portion of the marginal-cost curve that lies above the average-total-cost curve.

<h3>What is the long-run supply curve in a perfect competition?</h3>

In a perfect competition, a company will only produce goods and services at a level where the marginal cost curve is above the average total cost in the long run.

This means that the supply curve will be the marginal cost curve but only the portion of this curve that is above the long-run average total cost curve.

The reason for this is that in the long-run., all the costs in a perfectly competitive firm are considered variable and so they can afford to avoid supply mishaps in the short term.

In conclusion, option B is correct.

Find out more on the long-run supply curve at brainly.com/question/15869064

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6 0

2 years ago