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8090 [49]
2 years ago
13

How do credit

Business
1 answer:
enot [183]2 years ago
6 0

Answer: In response to aggressive marketing by the “big three” multinational credit bureaus – Equifax, Experian and TransUnion – employers, landlords and insurance companies now use credit reports and scores to make decisions that have major bearing on our social and economic opportunities. These days, your credit history can make or break whether you get a job or apartment, or access to decent, affordable insurance and loans. Credit reports and scores are not race neutral. Rather, they embed existing racial inequities in our credit system and economy – to the point that a person’s credit information serves as a proxy for race. For decades, banks have systematically redlined black and Latino neighborhoods, refusing to make conventional loans or locate branches in non-white and lower-income areas, notwithstanding laws that obligate banks to meet the credit needs of all communities they serve, consistent with safe and sound banking operations. Thanks to financial services deregulation and the advent of asset-backed securitization, a multi-billion dollar “fringe” financial system has filled the void, characterized by high-cost, destabilizing products and services, from payday loans to check-cashers – which banks typically also own or finance.

Explanation:

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Refer to Exhibit 9.7, which shows the cost and revenue curves for a monopolist. If the monopolist does not price discriminate am
Andrew [12]

Answer:

$11000

Explanation:

8 0
3 years ago
(Disregard income taxes in this problem.) Compute the following:a.An investment of $10,000 has an investment/inflow ratio of 6.2
aleksandrvk [35]

Answer:

Explanation:

a) Investment/flow ratio =10000/annual cash flow=6.2

So, the annual cash flow is 10000/6.2=1613

b) Investment/flow ratio =investment/2000=6.14

So, the investment is 2000*6.14=12280

4 0
3 years ago
If you're a manufacturer, and you want to showcase your product in a store that has a narrow but deep selection of merchandise a
damaskus [11]

Answer:

b. a specialty store.

Explanation:

A specialty store. -

It is a type of retail business , which focus on certain goods and services , is known as a speciality store .

These type of company are expert in making a certain goods or services .

For example ,

The store that are designed specifically for men clothing or women clothing  or specific for toys , cosmetics etc .

Hence , from the question , the correct term according to the given information of the question is a specialty store .

8 0
3 years ago
Micro Tech, Inc. made the following cash expenditures during current-year related to the development of a new technology which w
lilavasa [31]

Answer:

a.$348,000

Explanation:

Research & Development Cost=Materials and supplies+R&D Salaries+Consultant fees+purchase cost of equipment=38,000+120,000+50,000+140,000

=$348,000

3 0
3 years ago
The following transactions were made by Ruby Inc. last year:
Juliette [100K]

Answer:

OPtion (C) is correct.

Explanation:

Given that,

Issuance of common stock = $100,000

Dividends paid to the company's stockholders = $2,000

Depreciation expense = $6,000

Repayment of principal on bonds = $40,000

Proceeds from the sale of the company's used equipment = $39,000

Purchase of land = $230,000

Cash flow from financing activities:

= Issuance of common stock - Dividends paid to the common stockholders - Repayment of principal on the company's own bonds

=  $100,000 - $2,000 - $40,000

= $58,000

Therefore, the net cash inflow from financing activities is $58,000.

8 0
3 years ago
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