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sergeinik [125]
3 years ago
7

Before giving you a loan or credit, lending institutions may want to know more about you to help determine whether you are a goo

d person to give loans or credit. True False
Business
2 answers:
lisov135 [29]3 years ago
5 0

Answer:

True

Explanation:

This statement is true.

Let us consider this case from the perspective of a lending institution. If we are to give someone a loan, we will make sure that the receiver is a person who is stable in his income and will be able to pay back the loan.

If we have two people asking for loan (assume their name as A and B). Suppose A is working a stable job with 5 years in a bakery. He has no defaultery record in his finances and has no credit due on his account.  Furthermore he is taking loan to open up his own bakery. Similarly, assume B has switched 5 jobs in the last 3 years with periods of unemployment in between. He has credits due on his house rent and car payment and is taking loan to invest on an investment scheme his friend told him about.

It is easy to pick the right candidate from above information. Subject A is more stable than B and hence lenders will most likely be giving A the loan and B's application would be rejected.

olya-2409 [2.1K]3 years ago
4 0
I believe this would be true.
hope this helps!
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According to the Keynesian transmission mechanism, a rise in the money supply will __________ the interest rate, causing a _____
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Answer: The correct answer "e. lower; rise; raises".

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7 0
3 years ago
Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets
stich3 [128]

Answer:

The correct answer is $33,880.

Explanation:

According to the scenario, the given data are as follows:

Direct labor = $5.60 per unit

Actual level of Activity = 6,050

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Direct labor in planning budget = Actual level of Activity × Direct labor

By putting the value, we get

Direct labor in planning budget = 6,050 × $5.60

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Hence, The direct labor in the planning budget for May would be closest to $33,880.

3 0
3 years ago
When a firm produces 50,000 units of output, its total cost equals $6.5 million. When it increases its production to 70,000 unit
Komok [63]

Answer:

The marginal cost of an additional unit of output is $145

Explanation:

The computation of marginal cost of an additional unit of output is shown below:

= Change in total cost ÷ change in production level

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Change in total cost = Increased cost -  previous cost

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Thus, change in total cost is $2.9 million

And, change in production level = New production level - existing production level

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=20,000

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