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2 years ago

Credit score is used to determine your financial worth ?

Business

2 answers:

Blababa [14]2 years ago

8 0

Answer:

Explanation:

I live in Canada.

I have been told that my credit score is quite high. That's because I don't live beyond what I can pay for with this month's paycheck. I don't think anyone would judge my net worth by my credit score. In fact, bank loans won't think of stopping at credit rating. They (in Canada at least) would never think of giving out a loan whose repayment per month exceeded 1/3 of my paycheck.

Maybe I just have a tough bank, but I certainly agree with their policy.

Sergeu [11.5K]2 years ago

4 0

The higher the score, the better a borrower looks to potential lenders. A credit score is based on credit history: number of open accounts, total levels of debt, and repayment history, and other factors. Lenders use credit scores to evaluate the probability that an individual will repay loans in a timely manner.

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After the accountant of Stallone Retailers had prepared the financial statements for the year ended 31 December Year 6, the fol

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The adjusted profit of Stallone Retailers for the year ended December 31, Year 6 is £115,400.

Data Analysis:

1. Motor Van £8,000 Motor running expense £8,000

Depreciation expense £1,600 Accumulated depreciation £1,600 ( £8,000 x 20%)

2. Cost of goods sold £3,000 Inventory £3,000

3. Drawings £4,000 Inventory £4,000

4. Loan £2,200 Cash £2,200

<u>Adjustment of Profit</u>

Profit before the errors £112,000

Adjustments:

Motor running expense £8,000

Depreciation expense (£1,600)

Cost of goods sold (£3,000)

Adjusted profit £115,400

Thus, the adjusted profit is now £115,400.

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2 years ago

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3 years ago

All of u goto sleep now or u will get dark circles under ur eyes(kasey andsnake)

ExtremeBDS [4]

Answer:

no ❤

Explanation:

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2 years ago

Read 2 more answers