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il63 [147K]
2 years ago
7

Jacques maxes out his credit card and then misses several payments in a row before he started paying his bills. How could this a

ffect his credit score and would there be any repercussions from that change?(1 point)
A. His credit score would most likely go down. A low credit score could make lenders refuse to offer him credit or possibly offer him credit at a much higher interest rate.

B. His credit score would most likely go up. A higher credit score could make lenders refuse to offer him credit or possibly offer him credit at a much higher interest rate.

C. His credit score would not change. Credit cards cannot affect credit scores. Only home loans and auto loans (or any vehicle loans, such as boats) can affect your credit score.

D. His credit score would not change. Since he started paying his bills, there would be no negative effects.
Business
1 answer:
madam [21]2 years ago
3 0

Answer:

this is correct

B. His credit score would most likely go up. A higher credit score could make lenders refuse to offer him credit or possibly offer him credit at a much higher interest rate

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A speaker says, "because the japanese make the best stereo sound systems in the world, you should consider buying a japanese-mad
Advocard [28]
<span>The speaker is using the fallacy of building on an unproven assumption. The speaker has made the assumption that the Japanese make the best stereo sound systems in the world. This is merely his/her opinion, and is not a proven fact. Thus, when the speaker bases another argument on that assumption, he has used a fallacy in reasoning.</span>
7 0
3 years ago
The nominal exchange rate is .80 euros per dollar and the real exchange rate is 4/3. Which of the following prices for a particu
Svetach [21]

Answer:

option (C) $5 in the U.S. and 3 euros in Italy

Explanation:

Data provided in the question:

Nominal exchange rate, E = 0.80 euros per dollar

Real exchange rate = \frac{4}{3}

Now,

Real exchange rate = [ Price of good in US ] ÷ [ Price of Good in Italy ]

= \frac{EPU}{PI}

Here,

PU = Price of US in dollars

PI = Price of Italy in Euros

Thus,

Real exchange in rate

\frac{4}{3} = \frac{0.8PU}{PI}

or

\frac{PU}{PI} = \frac{5}{3}

hence,

we get

Ratio of Price of a good in US to Price of a Good in Italy = \frac{5}{3}

or

we can say $5 in the U.S. and 3 euros in Italy

option (C) $5 in the U.S. and 3 euros in Italy

4 0
3 years ago
After the amount due on a sale of $30,400, terms 2/10, n/eom, is received from a customer within the discount period, the seller
Elenna [48]

Answer:

a. The amount refund owed to the customer is : $29,792

b. To record the refund and the return of merchandise:

Dr Sales returned and Allowances     $30,400

Cr Sales Discounts                              $608

Cr Cash                                                $29,792

(to record the refund of $30,400 sales with sales discount of $608 made)

Dr Merchandise Inventory                    $13,060

Cr Cost of Merchandise sold               $13,060

(to record the impact of the $30,400 sales refund on cost of merchandise sold and merchandise inventory)

Explanation:

- Further explanation for sell discounts calculation:

As the terms is 2/10, total discount had been given as calculated below:

$30,400 x 2% = $608.

3 0
3 years ago
To realize his passion,Alex recently opened Original Tunes,Inc. ,a small state of the art recording studio in Nashville,TN.He pr
melamori03 [73]

Answer:

<u>a. True</u>

Explanation:

Indeed, we could rightly say the statement is true by remembering the four key factors of production (business):

  • capital (wealth)
  • labor
  • resources
  • entrepreneur.

Labor is part of the list of important factors and political freedom allows the entrepreneur to sucessfully manage business activities.

7 0
3 years ago
New Products pays no dividend at the present time. Starting in Year 3, the firm will pay a dividend of $.25 per share for two ye
maksim [4K]

Answer:

$3.56

Explanation:

Please see attachment .

8 0
3 years ago
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