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iren [92.7K]
3 years ago
7

Why do lenders request to look at your credit report before you can borrow money?

Business
2 answers:
densk [106]3 years ago
6 0

Answer:

The correct answer is letter "D": They want to see how responsible you are in making payments on existing debt.

Explanation:

Credit reports are documents displaying the credit history of individuals. They allow lenders to know what the credit behavior of an individual is, thus, have an idea if that person could repay the amount of a loan or is likely to fall into debt. The three major credit bureaus in the U.S. are <em>Equifax, Experian, </em>and <em>TransUnion</em>.

lisov135 [29]3 years ago
4 0

Answer:

b

Explanation:

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On January 1, 2019, Wasson Company purchased a delivery vehicle costing $40,000. The vehicle has an estimated 6-year life and a
ELEN [110]

Answer:

option (A) $29,920

Explanation:

Data provided in the question;

Purchasing cost = $40,000

Estimated life = 6 years

Salvage value = $4,000

Estimated driving life = 100,000

Vehicle driven in total till 2020 = 10,000 + 18,000 = 28,000

Now,

Using the units-of-production depreciation method

Total depreciation till 2020 = \frac{\textup{Purchasing cost - Salvage value}}{\textup{Estimated driving life}}\times\textup{Total distance driven}

or

Total depreciation till 2020 = \frac{\textup{40,000 - 4,000}}{\textup{100,000}}\times\textup{28,000}

or

Total depreciation till 2020 = $10,080

Thus,

Book value on December 31, 2020 = Purchasing cost - Depreciation

= $40,000 - $10,080

= $29,920

Hence,

The correct answer is option (A) $29,920

5 0
3 years ago
When creating the complete 2nd Order Model for a regression model using job tenure (years working at that job), job experience (
kobusy [5.1K]

One needs to create interactions between all of the following EXCEPT option B. high school and college. since, the model is using job tenure, it is the only option without work experience.

<h3>What is a 2nd Order Model for a regression model?</h3>

The polynomial regression model has one, two, or more than two predictor variables. Each predictor variable may be present in various powers. This polynomial model is called a second-order with one predictor variable because the single predictor variable is expressed in the model to the first and second powers.

Therefore, the only predictor variable in all other options is job experience. However, option C. does not have the dominating variable.

learn more about regression model: brainly.com/question/25987747

#SPJ11

7 0
2 years ago
For revenue managers working in the lodging industry the term ""Place"" in the 4P’s of the Marketing Mix refers to two items. On
Ilya [14]

Answer:

The property's distribution channels.

Explanation:

The marketing mix is commonly performed through the 4 P’s of marketing which are:

Price.

Product.

Promotion and

Place.

And the term 'Place' or 'Placement' in the 4 P’s of the marketing mix has to do with how the service will be rendered to the customer. And this refers to the physical location of the hotel and distribution channels, that is, how the service can be rendered to the customer and help assess what channel is the most suited to a service.

4 0
3 years ago
An electric power plant uses solid waste for fuel in the production of electricity. the cost Y in dollars per hour to produce el
ELEN [110]

Answer:

The value of X that gives maximum profit is <u>15.92</u>.

Explanation:

Before answering the question, Y and Revenue (R) given in the question are first correctly restated as follows:

Cost = Y = 11 + 0.4X + 0.29X^2 .......................................... (1)

Revenue = R = 16X − 0.2X^2 .............................................. (2)

Differentiating each of equations (1) and (2) with respect to X to obtain marginal cost (MC) and marginal revenue (MR), we have:

dY/dX = MC = 0.4 + 0.58X .................................................. (4)

dR/dX = MR = 16 - 0.4X .......................................................  (5)

In production theory, profit is maximized when MR = MC. Therefore, we equate equations (4) and (5) and solve for X as follows:

0.4 + 0.58X = 16 - 0.4X

0.58X + 0.4X = 16 - 0.4

0.98X = 15.6

X = 15.6 / 0.98

X = 15.92

Therefore, the value of X that gives maximum profit is <u>15.92</u>.

5 0
3 years ago
Under which conditions may a person under 14 years of age operate a vessel legally?
bezimeni [28]
Under the law, 14 years old cannot legally use a PWC legally, unless accompanied by an 18 yr old who has been accepted to use a vessel. The person should also bear the requirements such as the age and approved certification that would prove that he or she is allowed by the government. 
6 0
3 years ago
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