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2 years ago

Which is true of payment history and it’s relation to credit reports

1 answer:

8 0

Your payment history shows creditors your reliability in paying what you owe, so if you have a bad payment history, then your credit report will show that.

I hope this helps! :)

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Julie evaluated her spending and found that she was spending about $75 more per month on transportation than she has bodgeted Sh

o-na [289]

Answer:

Julie

The percent of her monthly income that will be budgeted for transportation is:

= 13%.

Explanation:

a) Data and Calculations:

Amount budgeted for transportation = $175

Amount being spent on transportation = $250

Total monthly income = $1,900

Percentage of monthly income that will be budgeted for transportation = $250/$1,900 * 100

= 13.16%

= 13.2%

= 13%

Percentage of monthly income earlier budgeted for transportation = 9% ($175/$1,900 * 100)

The additional spending on transportation represents 4% ($75/$1,900 * 100)

New percentage spending on transportation = 13% (9% + 4%)

6 0

2 years ago

How can a renter reduce the amount of money he or she spends on monthly

DIA [1.3K]

Answer:

Option C.

Explanation:

From the options given above, the correct way a renter can reduce their rent it to get a roommate or roommate. Getting just one roommate can help to reduce your basic living expenses by 30%.

This is achievable because various costs like rent, utilities, and even groceries can be shared among the roommates.

The only downside to this method is the lack of privacy that comes with having roommates. But in general, having roommates is a sure way for renters to spend less, or live in a nicer location.

4 0

3 years ago

according to one-period model of macroeconomics which of the following statements is correct about an economy engaging in a war

KIM [24]

Option (b) for a response. In order to keep the expenditure multiplier from exceeding 1, output must increase while consumption must decrease.

<h3>Spending multiplier: What does it tell you?</h3>

An economic indicator of the impact that changes in government spending and investment have on a nation's Gross Domestic Product is the expenditure multiplier, often known as the fiscal multiplier.

<h3>When the multiplier is negative, what does that mean?</h3>

The negative multiplier effect happens when a spending leak or initial withdrawal from the circular flow has further impacts and a larger final decline in real GDP.

<h3>Why does multiplier exceed 1?</h3>

The rise in the national product indicates a rise in national income. Consumption demand rises as a result, and businesses produce to satisfy it. As a result, the increase in investment is greater than the increase in national income and product. There is a multiplier effect that exceeds one.

Learn more about expenditure multiplier: brainly.com/question/28140364

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4 0

1 year ago

Marlene has been living in her $120,000 home for 31 years. Because she has paid off the mortgage, she decides to save some money

Ksju [112]

Marlene will receive $5,000 in the insurance settlement.

<h3>What is an insurance settlement?</h3>

An insurance settlement is an indemnity or compensation that the insurance company pays to the insured to settle an insurance claim according to the insurance policy guidelines.

<h3>Data and Calculations:</h3>

Property value = $120,000

Homeowner's coverage = $40,000

Estimated damage = $12,000

Standard coinsurance requirement threshold = 80%

Expected insurance coverage = $96,000 (120,000 x 80%)

Co-insurance penalty = 41.67% ($40,000 / $96,000 x 100)

Indemnity = $5,000 ($12,000 x 41.67%)

Thus, Marlene will receive $5,000 in the insurance settlement.

Learn more about insurance indemnity at brainly.com/question/8025172

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8 0

1 year ago

Google has written down the following: "to organize the world's information and make it universally accessible and useful." This

qaws [65]

Answer:

<h2>Mission Statement</h2>

Explanation:

A brief description of a company's purpose is called mission statement, it tells about the company's purpose for the public and employees. It varies from company to company as because every company describes it differently.

A mission statement is important as it serves as a base line for everyone in the organisation. It serves as the basis for effective business planning. Mission statements are used in marketing as they are a company's public face. Companies also include them on their websites. A good mission statement can inspire, surprise and transform your business

7 0

3 years ago