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3 years ago

A lender checking Jason's credit score for an auto loan would likely notice that...

1 answer:

3 0

When a lender checks the credit score of Jason for an auto loan, they would most likely notice that b. He paid off a car loan after making every payment for 4 years.

Lenders checking credit scores:

Usually pay more attention to related loans
Only bother with the credit score of the person in question not their relatives

The loan is for a car or an automobile of some sort so the lender will be looking for related loans in Jason's history. They will therefore most likely notice the car loan that was paid off.

In conclusion, a lender for an auto loan will most likely notice an auto loan history.

Options for this question include:

a. His savings account has more than $3000 in it

b. He paid off a car loan after making every payment for 4 years

c. When he stopped paying his credit card for 3 months 9 years ago

d. The credit scores of his family, including his parents and his wife if he is married

Find out more at brainly.com/question/14805575.

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On March 3, Sheridan Company sells $707, 700 of its receivables to National Factors Inc. National Factors Inc. assesses a servic

jarptica [38.1K]

Answer: The answer is given below

Explanation:

From the question, we are informed that on March 3, Sheridan Company sells $707, 700 of its receivables to National Factors Inc. National Factors Inc. assesses a service charge of its receivables to Western Factors Inc. Western Factors Inc. assesses a service charge of 5% of the amount of receivables sold.

The entry on Sheridan Company books to record the sale of the receivables has been prepared and attached. It should be noted that the service charge expense was calculated as:

= 5% × $707,700

= 0.05 × $707,700

= $35,385.

Other information has been attached.

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4 years ago

Hadlee Corporation produces two products, P and Q. P sells for $9.50 per unit; Q sells for $5.50 per unit. Variable costs fo

RideAnS [48]

Answer:

C. $4,350

Explanation:

We first calculate contribution per limiting factor to rate priority the products to be produced.

Contribution P = 9.50 - 5 = $4.50

Contribution Q = 5.50 - 3 = $2.50

Labor hours used,

P = 3

Q = 5

Contribution / labor hour

P = 4.50 / 3 = $1.5

Q = 2.50 / 5 = $0.5

We should prioritize production of P first and thus total units produced for P should be 900 using 900*3 = 2700 labor hours.

Q should be produced

Hours available for Q = 3300 - 2700 = 600 hours

Q production = 600/5 = 120 units.

Optimum Contribution =

900 units of P @ 4.50 contribution / unit = $4,050

120 units of Q @ 2.50 contribution / unit = $300

Total Contribution = 4,050 + 300 = $4,350

Hope that helps.

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3 years ago

How does starting a job change a person's lifestyle

xeze [42]

Explanation:

it helps them afford many thing and helps them build chracter

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3 years ago

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When recording journal entries for production costs using a standard cost accounting system, the debit to Work in Process Invent

Nuetrik [128]

Answer: Actual amount

Explanation:

Standard Costing deviates from traditional accounting in that it is not based on historical costs of a good. In standard cost accounting, the actual costs are put in place of standard costs and then the variance between the two will be recorded and used for analysis.

The debit to the Work in Process Inventory account under a standard cost accounting system will be the actual amount.

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3 years ago

Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended D

-BARSIC- [3]

Answer:

operating activities section

Cash Receipts from Customers $1,644,600

Cash Paid to Suppliers and Employees ($1,500,600)

Cash Generated from Operations $164,000

Income taxes paid ($36,600)

Net Cash from Operating Activity $127,400

Explanation:

statement of cash flows for Peach Computer

operating activities section

Cash Receipts from Customers $1,644,600

Cash Paid to Suppliers and Employees ($1,500,600)

Cash Generated from Operations $164,000

Income taxes paid ($36,600)

Net Cash from Operating Activity $127,400

Cash Receipts from Customers Calculation :

Net sales $1,650,000

Less Increase In Account Receivable ( $ 5,400)

Cash Receipts from Customers $1,644,600

Cash Paid to Suppliers and Employees Calculation :

Cost of goods sold $990,000

Add Operating expenses $500,000

Increase in inventory $17,000

Decrease in Prepaid rent ($1,400)

Increase in Accounts payable ($5,000)

Cash Paid to Suppliers and Employees $1,500,600

Income tax expense Paid Calculation :

Income tax expense $34,000

Add Decrease in Income tax payable $2,600

Income tax expense Paid $36,600

4 0

4 years ago