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2 years ago

Why is having a long credit history with a few blemishes that were corrected better than a short history that is clear?

Business

1 answer:

Bas_tet [7]2 years ago

3 0

Answer:

Lenders don't like risk because it can lose them money, so they're cautious on who they're lending to. They do this by checking people's credit history. They prefer people who have longer credit history even with a few blemishes that are corrected rather than lending to people who have a short clear history mainly because they have little to no experience and can be unpredictable what they may do.

Explanation:

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All activities associated with the flow and transformation of goods and services from the raw material stage to the end user, to

salantis [7]

Answer: Supply chain

Explanation: The sequence of steps taken by the company for production and delivery of the good or service produced is called supply chain.

In simple words, supply chain can be defined as the network a company shares with its suppliers to effectively distribute goods to the consumer.

From the above explanation we can conclude that the right answer is SUPPLY CHAIN.

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3 years ago

Read 2 more answers

In determining contract formation, what is the overriding focus of the uniform commercial code (ucc)?

postnew [5]

Answer:

The intent of the parties is to be bound by the contract.

<h3>What is the UCC battle of the forms rule?</h3>

Typically these so-called battles of the forms occur when a buyer and seller of goods exchange pre-printed order forms with their own different terms on the back and then proceed with the transaction without ever signing any final contract or reaching an agreement on the terms of the deal.

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1 year ago

"in which type of operations are you likely to see, at most, only minor variations in the product or service being produced usin

Pani-rosa [81]

Repetitive production

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3 years ago

Budget is a framework which guides the implementation, assessment, monitoring of all government programs to ensure sound financi

REY [17]

The yearly budget law, which covers the revenue and expenditure forecasts for a particular year, is planned, approved, executed, and audited within the permanent legal framework provided by the constitution, the budget organic law, and financial rules.

<h3>What is the Importance of a Budget in business?</h3>

It allows the business owner to focus on cash flow, cost-cutting, boosting earnings and boosting returns on investment. The cornerstone of every successful firm is budgeting. It assists with both planning and maintaining control over the company's finances.

An evaluation of a company's anticipated financial resources or the resources needed to finish a project constitutes a budget estimate. A budget estimate is a rough estimation of the amount of money that will likely be needed to finish a project or the amount of money that will be predicted to be available to a firm or organization.

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2 years ago

At the end of the year, Dahir Incorporated’s balance of Allowance for Uncollectible Accounts is $2,400 (credit) before adjustmen

mafiozo [28]

Answer:

The adjustment Dahir would record for Allowance for Uncollectible Accounts:

Debit Bad debts expense $9,600

Credit Allowance for Doubtful Accounts $9,600

Explanation:

At the end of the year, before adjustment, Dahir Incorporated’s balance of Allowance for Uncollectible Accounts is $2,400 (credit).

The company estimates uncollectible accounts to be $12,000

Bad debts expense = $12,000 - $2,400 = $9,600

The adjustment to record Allowance for Uncollectible Accounts:

Debit Bad debts expense $9,600

Credit Allowance for Doubtful Accounts $9,600

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3 years ago