B) The sale price of cars went down.
The possession of a credit thin file is a liability and not an asset because its does not allows lender to access your credit worthiness which makes it hard to obtain loans or credit.
<h3>What is a credit scores?</h3>
A credit score serves an a finacial tool that helpt to tells about someone's creditworthiness.
Normally, the higher the credit score, the higher the rate of repayment of credit.
Hence, these credit score are used by lenders to decide whether to borrow, extend or deny credit for a borrower.
However, having a thin file is not considerd an asset in credit scores because its does not let us know the willing borrower's repayment history of credit.
Read more about credit scores
<em>brainly.com/question/26220899</em>
Answer:
Yes under the theory of conversion.
Explanation:
Conversion occurs when an individual takes possession of an item and excercises ownership of it in a way that is in conflict with the real owner's right of possession.
In this instance Eddy paid in a cheque that was not owned by him. The onus was on the bank to confirm from the account owner the real beneficiary of the check.
This would have prevented the conversion of the check through an illegal indorsement.
Conversion is a common type of fraud with regards to dividend warrants where dividend warrants edited to present a different person as the owner of the check.
The probability that the buyer of one ticket will win the lottery that is worth $10 million will be determined or calculated by dividing the number of tickets that a person has by the total number of tickets which were sold at a certain period. When this statement is translated to mathematical expression,
P = x / S
where P is the probability, x is the number of ticket bought by the winner (this number is already given to be 1), and S is the number of the sample (this is given to be 175175 million. Substituting the known values,
P = 1 / 175175 million
<em>ANSWER: 5.71 x 10^-12</em>
Answer:
Market rate of return is 7.79%
Explanation:
The market rate of return on the stock can be computed using the market price of the stock , which is given below:
share market price =D1/(Expected market return-Dividend growth rate)
share market price is $28.16
D1 is the expected dividend next year which is given by $1.35
expected market return is the unknown
dividend growth rate is 3%
$28.16=$1.35/expected market return-3%
let y be the expected market return
$28.16=$1.35/y-3%
by cross multiplication the equation becomes
$28.16*(y-3%)=$1.35
y-3%=$1.35/$28.16
y=($1.35/$28.16)+3%
y=7.79%
