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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:

brainly.com/question/9913263

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Question Mode Multiple Choice Question Preferred stockholders: Multiple choice question. have the right to receive dividends onl

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Answer:

d. have the right to receive dividends only in the years the board of directors declares dividends.

Explanation:

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2 years ago

SpeakEasy, a U.S. software company that specializes in voice-recognition software, wishes to rapidly enter the growing technical

bulgar [2K]

Answer:

<h2>In this case, the answer would be acquiring or merging with other firms producing related products or services.</h2>

Explanation:

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Hence, SpeakEasy can perhaps consider acquiring or merging with some of the firms producing or specializing in voice-recognition software that will eventually ease the burden of market competition or rivalry for the company and consequently,it can commercially and economically grow and prosper in the market by capturing new customers and expanding market share.
Mergers or acquisitions, in this case, would help the company to effectively focus on its specialized activities and conducts through knowledge sharing, economies of scale or lower average production cost,transfer or transmission of technological knowledge and exploration of new customer or client bases.

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3 years ago

Atlantic Corporation reported the following amounts at the end of the first year of operations: contributed capital $100,000; sa

romanna [79]

Answer:

A) retained earnings $40,000 and expenses $340,000.

Explanation:

Total Assets = Total Equity + Total Liabilities

$300,000 = Total Equity + $160,000

Total Equity = $300,000 - $160,000

Total Equity = $140,000

Now

Total Equity = Contributed Capital + Retained Earning

$140,000 = 100,000 + Retained Earning

Retained Earning = $140,000 - $100,000 = $40,000

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Retained Earning = Revenue - Expenses - Dividend paid

$40,0000 = $400,000 - Expenses - $20,000

$40,0000 = $380,000 - Expenses

Expenses = $380,000 - $40,000

Expenses = $340,000

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3 years ago

Patti would like more information about product recalls. Which of the following resources would not be reliable and relevant?

il63 [147K]

Newspaper written by an expert

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3 years ago

greene co. has pretax book income for the year ended december 31, 2019 in the amount of 265000 and has a tax rate of 30%. Deprec

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Answer:

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2 years ago