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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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Fred is on trial for robbing Sam's Electronics. The prosecution alleges that Fred broke into the warehouse behind the store and
harkovskaia [24]

Answer:

a. Show her the list and then take it away and have her testify from her 'refreshed recollection.'

Explanation:

In the given scenario Gloria testifies that when she came to work the day after the robbery, she noticed that large amounts of inventory were missing. She spent the entire day cataloguing the missing items.

In the trial she said she can remember what was stolen.

Under rule 612 the prosecutor is allowed to.show her the list and them take it away. Gloria can now testify from her refreshed memory.

On the other hand if she said she could recall the items the prosecutor would have under the hearsay exception (rule 803 (5)) requested she state the missing items.

But in this case she said she cannot recall the items

5 0
3 years ago
Sherman, Inc. manufactures chainsaws that sell for $65. Each chainsaw uses $14 in direct materials and $9 in direct labor per un
anzhelika [568]

Answer: $18

Explanation:

Based on the information,

Sales revenue = $65 × 225 = $14625

Cost of goods sold = (45 × $20) + (1125 × $4) + (225 × $14) + (225 × $9)

= $900 + $4500 + $3150 + $2025

= $10575

Gross profit = Sales revenue - Cost

= $14625 - $10575

= $4050

The gross profit for one chainsaw will be:

= $4050/225

= $18

6 0
3 years ago
Absorption costing income would be ____ variable costing income. a. $150,000 less than b. $150,000 greater than c. $240,000 less
Dafna11 [192]

Answer:

E. None of the above

7 0
4 years ago
Obama Company sells its product for $25 per unit. During 2012, it produced 20,000 units and sold 15,000 units (there was no begi
horrorfan [7]

Answer:

Unitary cost= $12

Explanation:

Giving the following information:

direct materials $5

direct labor $4

variable overhead $3

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead) to calculate the product unitary cost.

Unitary cost= 5 + 4 + 3= $12

3 0
3 years ago
If the tax multiplier is minus1.5 and a​ $200 billion tax increase is​ implemented, what is the change in​ gdp, holding all else
3241004551 [841]
Tax multiplier = -1.5
Tax increase = $200 billion

Therefore, since the multiplier is a negative value, the GDP must have gone down.

GDP = Tax increase/Tax multiplier  = 200/-1.5 = $133.33 billion decrease.
Then, the correct answer is c.
6 0
3 years ago
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