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Arisa [49]
2 years ago
8

What are the 5 factors taken into account when calculating a credit score?.

Business
1 answer:
Lubov Fominskaja [6]2 years ago
6 0

Answer:

Payment history. Payment history is the most important ingredient in credit scoring, and even one missed payment can have a negative impact on your score. ...

Amounts owed. ...

Credit history length. ...

Credit mix. ...

New credit.

Explanation:

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Newsome Inc. buys on terms of 3/15, net 45. It does not take the discount, and it generally pays after 60 days. What is the nomi
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Answer:

16.22%

Explanation:

3/15, net 45 means that if Newsome pays within 15 days, it will get discount of 3%, otherwise it can pay within 45 days in full.

Nominal annual percentage cost of  non-free trade credit based on 365 days can be calculated using the below formula:

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In this case

Discount%=2%

Actual credit days=60

Discount period=15

Cost of non- free credit=2%/(100%-2%)*(365/(60-15)

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                                       =16.22%

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Microsoft receives a cash payment in advance for cloud services is an example of
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1. Unearned Revenue
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2 years ago
Andrew Lighting purchases a factory and all of the equipment, computers, and vehicles within it. Andrew begins production of lam
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Which of the following is the location where notes can be added?
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