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2 years ago

Which best describes the main role of the three major credit reporting agencies?.

Business

1 answer:

kaheart [24]2 years ago

3 0

The best three main roles of major credit reporting agencies are:

Compile consumer credit
Loan information and
Provide it to lenders and businesses.

<h3>What is a credit reporting agency?</h3>

A credit reporting agency is a company that keeps track of people's and companies' credit histories. They get information from creditors and other sources, which they put into a credit report, which incorporates a credit score when it's released.

The best three main roles of major credit reporting agencies are:

Compile consumer credit
Loan information and
Provide it to lenders and businesses.

Learn more about credit reporting agencies here:

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g The lower risk nature of longminusterm debt in a firm's capital structure is due to the fact that ________. A. the debt hold

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Answer:

The correct option is C states that creditors have a higher position in the priority of claims.

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3 years ago

Paytonics Inc., a microchip manufacturing company, is hiring for the position of marketing manager for its new division. Patrick

Leya [2.2K]

Answer:

The correct answer is letter "D": job specification.

Explanation:

Job specification files include all the positions within a firm, the duties of the individuals in charge, and the profile of the professional who will cover those activities. Certifications, qualifications, and skills are described in detail in those documents that serve as a guide for Human Resources (HR) representatives at the moment of carrying out a selection process.

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3 years ago

Jason Allen is 30 years and wants to retire when he is 65. So far he has saved (1) $6,960 in an IRA account in which his money i

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Answer:

It will make annual deposits for $ 4,056.202

Explanation:

His goal is a future value of 1,000,000 in 35 years.

we will deduct from this the future value of his other investment:

IRA

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Principal 6,960.00

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rate 0.08300

$6960 \: (1+ 0.083)^{35} = Amount$

Amount 113,397.95

Market account

$Principal \: (1+ r)^{time} = Amount$

Principal 4,310.00

time 35.00

rate 0.05250

$4310 \: (1+ 0.0525)^{35} = Amount$

Amount 25,837.53

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Now we calculate the PMT:

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PV $860,764.52

time 34 years

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rate 0.0934

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3 years ago

Fob destination means that goods are owned by the buyer as soon as ______.

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FOB Destination describe goods whose risk will be catered by Seller until being delivered to the buyer.

FOB Destination is an acronym for "Freight on Board" Destination

The FOB Destination is a marine term used to describes that legal title of goods belongs to the Seller until they are delivered to buyer.

In other word, its means that seller of a product owns the risk of loss on a goods until its is delivered to the buyer.

In conclusion, the term states that the goods are owned by the buyer as soon as it is not delivered to the buyer.

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What is credit and debit?

Events known as business transactions have a financial influence on an organization's financial statements. We enter the figures in two accounts, with the debit column on the left and the credit column on the right, to account for these transactions.

Debit

An accounting debit is an addition to an asset or cost account or a subtraction from a liability or equity account. In an accounting entry, it is placed to the left.

Credit

A credit is an accounting item that either raises or lowers an asset or cost account. It can also increase or decrease a liability or equity account. In an accounting entry, it is placed to the right.

Learn more about credit and debit with the help of given link:-

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