The factors that contribute to a successful credit application include a good credit score, a stable income, a low debt-to-income ratio, a positive payment history, and a reasonable credit utilization ratio.
1. Good Credit Score: Lenders assess creditworthiness based on credit scores. Generally, a score above 700 is considered good. A high credit score demonstrates responsible credit management and increases the chances of approval.
2. Stable Income: Lenders evaluate income to ensure the applicant has the means to repay the credit. A stable and sufficient income ensures the ability to meet payment obligations. For example, a lender may require a debt-to-income ratio (DTI) below 43%, calculated by dividing total monthly debt payments by gross monthly income.
3. Low Debt-to-Income Ratio: A low DTI indicates that a smaller portion of the applicant's income is allocated towards debt payments, making them less likely to default. For instance, if the monthly income is $5,000 and the total monthly debt payments are $1,500, the DTI ratio would be 30% ($1,500 / $5,000).
4. Positive Payment History: Lenders assess an applicant's payment history to gauge their reliability. Consistently making on-time payments enhances creditworthiness.
5. Reasonable Credit Utilization Ratio: This ratio compares the amount of credit being used to the total available credit. A lower ratio, typically below 30%, indicates responsible credit usage. For example, if the credit limit is $10,000 and the current balance is $2,000, the credit utilization ratio would be 20% ($2,000 / $10,000).
To increase the likelihood of a successful credit application, it is important to maintain a good credit score, have a stable income, maintain a low debt-to-income ratio, establish a positive payment history, and keep the credit utilization ratio reasonable. These factors demonstrate creditworthiness and responsible financial management, making lenders more confident in approving credit applications.
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Describe the major components of business conduction plan.
Helppp AHHHH
Answer:
Heya there!
Here's ya answer.
Executive summary Business description and structure Market research and strategiesManagement and personnel Financial documents Founder (team) and business leadershipCo-workers and business coordinationExplanation:
how is a temporary increase in government purchases likely to affect the composition of output in the long-run?
A temporary increase in government purchases can have both short-term and long-term effects on the composition of output in the economy.
In the short run, a temporary increase in government purchases can lead to an increase in aggregate demand and output, as businesses ramp up production to meet the higher demand. However, this increase in output may be short-lived if the increase in government spending is not sustained.
In the long run, the composition of output is likely to be affected by the way the temporary increase in government purchases is financed.
If the government finances the increase in spending by borrowing, then the increase in output may be temporary and may lead to higher interest rates and crowding out of private investment.
This could lead to a shift in the composition of output towards the public sector and away from the private sector.
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What term can be used to describe the situation where your fixed and variable expenses are higher than your net income.(1 point)
A. saving
B. autonomous consumption
C. negative budgeting
D. dissaving
The term that describes the situation where fixed and variable expenses are higher than net income is D. dissaving.
Dissaving happens when an individual is spending from either previous savings or borrowing to fund current expenses.
Dissaving is commoner with retirees than those currently employed. But it can also happen to currently-employed persons, whose expenses are more than their incomes. They should find strategies to stop the negative saving. Otherwise, their debts may be overbearing in future.
Thus, dissaving means negative saving or spending more than income.
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Analyze and solved the given problem and use the appropriate furmula. How much money is invested at 7% annual interest for 5 years to earn550,000?
The interest earned on a principal amount over a given period of time. In this case, the problem provides us with the interest rate of 7%, the time period of 5 years, and the amount of interest earned, which is $550,000.
To calculate the principal amount, we can rearrange the simple interest formula as follows:
P = I / (r * t)
Where P is the principal amount, I is the interest earned, r is the interest rate, and t is the time period.
Substituting the given values, we get:
P = $550,000 / (0.07 * 5)
P = $1,571,428.57
Therefore, the principal amount that must be invested at an annual interest rate of 7% for 5 years to earn $550,000 is $1,571,428.57.
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The managers at Alpha Corp. are closely observing trends in the industry. They are trying to identify factors that might have a significant influence on Alpha's business operations. Which of the following concepts is illustrated in the scenario?
Answer:
Environmental scanning
Explanation:
Environmental scanning is when information is being gathered about external forces inorder to know the factors that have impacts on a business. It is also the gathering of information on situations which allows a business create and build good customer relationship.
Business environments are dynamic and could have impacts on the success of a firm hence requires business scanning inorder to align with the trend. One the purpose of environmental scanning is to provide future business directions to an organization and also assist in analyzing the strength, weakness, opportunities and threats to an organization.
Factors that might have significant influence on business operation includes but not limited to social and demographic factors, how competitors are reacting, technology, how well customers are reacting to the company's products, creditors, legal issues etc.
hich occurs during digestion?
The mouth only allows for physical digestion.
The mouth only allows for chemical digestion.
Chemical digestion prepares the food for physical digestion.
Physical digestion prepares the food for chemical digestion.
Answer:
Digestion can be either chemical or physical - physical digestion occurs when you chew food in your mouth (mastication) or chemical when it is broken down in the stomach (via HCl), just to give a few examples. There are many examples of both chemical and physical digestion.
Explanation:
Under the allowance method of accounting for uncollectible accounts, Group of answer choices the cash realizable value of accounts receivable is greater before an account is written off than after it is written off. Bad Debt Expense is debited when a specific account is written off as uncollectible. is debited when a specific account is written off as uncollectible. the cash realizable value of accounts receivable in the balance sheet is the same before and after an account is written off. Allowance for Doubtful Accounts is closed each year to Income Summary.
Answer:
how are the answer choices seperated
(is, are) there no ticket left for us?
What effect did the Great Recession have on manufacturing employment?
Answer:
During both recessions, a large decline in industry employment occurred. From December 2007 until December 2009— when manufacturing employment reached a new low— the manufacturing industry lost 2 million jobs, or 17 per- cent of its workforce, and industry employment fell to its lowest level since March 1941
Explanation:
Short- answered questions
Explain how a high rate of inflation and a rise in an economy’s exchange arete can each cause a deficit in an economy’s current account of the balance of payments.
Explain the difference in the way tariffs and quotas operate as methods of protection.
A high rate of inflation and a rise in an economy exchange rate can both contribute to a deficit in an economy's current account of the balance of payments.
1. rate of inflation: When a country experiences high inflation, its domestic prices increase faster than those in other countries. This makes its exports less competitive in the global market as they become relatively more expensive.
2. Rise in exchange rate: If a country's exchange rate appreciates (increases) in value, its currency becomes stronger compared to other currencies. This makes its exports more expensive for foreign buyers, reducing the quantity demanded for those exports.
Regarding the difference between tariffs and quotas as methods of protection:
- Tariffs: Tariffs are taxes or duties imposed on imported goods. They increase the price of imported goods, making them less competitive compared to domestic products. .
- Quotas: Quotas, on the other hand, are physical limitations on the quantity of goods that can be imported into a country. They impose a strict limit on the amount of a particular product that can be imported, regardless of its price.
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If the stock turnover rate for your industry is 3, how many months' worth of inventory should you keep in stock at all times? (a) 2. (b) 3, (c) 4,
(d) 9.
Answer:
2
Explanation:
an engineer invests $6,000 at the end of every year for a 40-year career. if the engineer wants $1 million in savings at retirement, what interest rate must the investment earn? a. 6.3% b. 4.3% c. 8.3% d. 10.3%
In order to accumulate a savings of $1 million within a 40-year time frame with an annual contribution of $6,000, the engineer must secure an interest rate of 8. 3%
How to solveThis can be calculated using the following formula:
Future Value = Present Value * (1 + Interest Rate)^Number of Years
In this case, the future value is $1 million, the present value is the annual investment of $6,000, and the number of years is 40. Plugging these values into the formula, we get:
$1,000,000 = $6,000 * (1 + Interest Rate)^40
Solving for the interest rate, we get:
Interest Rate = \((1,000,000 / 6,000)^(1/40) - 1 = 8.3\)%
Hence, in order to accumulate $1 million after 40 years by investing $6,000 annually, the engineer must achieve an interest rate of 8. 3%
Answer: c. 8.3%
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Celebrities can appeal to ethos when they promote products that
A. are related to their field.
B. people want to buy.
C. might help people.
D. are not well known.
Answer:
B.people want to buy ..............
Vertical analysis of balance sheet
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow:
Line Item Description Current Year Previous Year
Current assets $2,800,000 $1,840,000
Property, plant, and equipment 5,200,000 6,072,000
Intangible assets 2,000,000 1,288,000
Current liabilities 1,800,000 1,380,000
Long-term liabilities 3,600,000 3,680,000
Common stock 980,000 920,000
Retained earnings 3,620,000 3,220,000
Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders’ equity item as a percent of the total liabilities and stockholders’ equity. When required, round percentages to one decimal place.
The comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders’ equity item as a percent of the total liabilities and stockholders’ equity will be
Description Prior Year Current Year Prior Year (%) Current Year (%)
Cash 0.00% 0.00%
Investments 0.00% 0.00%
Inventories 0.00% 0.00%
Accounts receivable 0.00% 0.00%
Pre-paid expenses 0.00% 0.00%
TOTAL 1,840,000 2,500,000 20.00% 25.77%
Property 6,072,000 5,200,000 66.00% 53.61%
and equipment
Leasehold improvements 0.00% 0.00%
Equity and other investments 0.00% 0.00%
Less accumulated 0.00% 0.00%
depreciation (Negative Value)
Intangible Assets 1,288,000 2,000,000 14.00% 20.62%
Charity 0.00% 0.00%
total 9,200,000 9,700,000 100.00% 100.00%
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Marcus set a goal to buy a used car in the next few months. He plans to make a $2,500
down payment and has already saved $1,300. If he can save $150 each month for this goal
to buy a car, how long will it take him to save the entire $2,500?
an investor is close to retirement and wants a short-term, low-risky investment with low liquidity. which investment meets these requirements?
The investment that meets these requirement is : Treasury bills
What are Treasury Bills ?A low risky investment with low liquidity and can be held for a short term is Treasury bills are one of the safest investments that can held for a short period ( A few days to 52 weeks ),They are better investment opportunities for investors close to their retirement.
Treasury bills have low returns on investment when compared to other investments.
Hence we can conclude that The investment that meets these requirement is : Treasury bills
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4. If your checking account's balance is
$3,678.89 and you withdraw $1,514, what
is the remaining balance?
A $2,164.89
B $5,192.89
C$2,614.89
D $3,678.89
(Step by step ) please
With regard to business definition, railroads may have lost business because they:
With regard to business definition, railroads may have lost business because they defined their business too narrowly.
Railways are a safe land transport system whilst in comparison to different kinds of shipping. Railway transport is capable of excessive stages of passenger and load usage and strength performance however are frequently less flexible and more capital-intensive than avenue delivery when decreased site visitor levels are taken into consideration.
The Railroad become the first advanced in top-notch Britain. a person named George Stephenson efficaciously implemented the steam technology of the day and created the world's first hit locomotive.
The primary engines used in the United States of America had been bought from Stephenson Works in England.
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Question 6 of 10
3 Points
A body of the letter is composed of the:
Answer:
Introduction
The body of the letter is usually divided into the three paragraphs (one is the introduction, then supporting details, then conclusion of topic).
Marco wants to install new flooring in his hallway and kitchen. He does not need new flooring in the counter, stove, or sink areas. How many square feed of flooring will he need to purchase?
It is important that Marco need to know the measurement of the floor to allow him decide the square feed of flooring to be purchased.
How are floor measured?For correct measurement, the square foot of a flooring can be by using a tape measure to determine the room's length and width.
The room's measured length and width will then be multiply to get your square footage.
In conclusion, it is important that Marco need to know the measurement of the floor to allow him decide the square feed of flooring to be purchased.
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Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three dimensional. How is he MOST LIKELY to add this foreground? A. B. C. D. He might change his position to include some foreground items such as rocks or grasses. He might tilt his camera up to better capture the tops of the hills. He might add some framing trees in the middleground of his image. He might circle around to the side of the hills to capture the cows standing on top. PLS HELP!!
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. He is most likely to add this foreground Option A. He might change his position to include some foreground items such as rocks or grasses.
The foreground of an image is usually the element that is closest to the viewer. The foreground is often used to add depth to an image. If a photographer wants to create a 3D appearance in his image, he must ensure that the image has a foreground, mid-ground, and background. It is possible to include a foreground in a photo by modifying the angle of the shot and including elements in the foreground.
Emilio might change his position to include some foreground items such as rocks or grasses. By doing so, he will be adding depth to his image. Another way to add foreground to an image is to use framing trees in the middle ground of the image, but this may not provide the depth required. Tilt his camera up to better capture the tops of the hills or circling around to the side of the hills to capture the cows standing on top are not recommended, as the question seeks to add a foreground.
Therefore, Emilio is most likely to add the foreground by changing his position to include some foreground items such as rocks or grasses. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. How is he MOST LIKELY to add this foreground?
A. He might change his position to include some foreground items such as rocks or grasses.
B. He might tilt his camera up to better capture the tops of the hills.
C. He might add some framing trees in the middle ground of his image.
D. He might circle around to the side of the hills to capture the cows standing on top.
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what are different formulas for valuing portfolios of assets, assuming different correlations between different assets?
Portfolio variance is used to assess the covariance or correlation coefficients for the stocks in a portfolio. The variance of a portfolio generally decreases when the correlation between its securities decreases.
What impact does the correlation between two assets have on a portfolio's risk?By selecting the asset pair with lower correlation when two asset pairings offer the same return at the same risk, the overall risk of the portfolio is reduced.
What does asset correlation actually mean?Asset correlation tracks how investments move relative to one another. When assets move simultaneously in the same direction, there is a positive correlation. When one of two assets consistently rises while the other falls, the two assets are said to be adversely correlated.
What effect does correlation have on the standard deviation of a portfolio?Securities with a positive correlation reduce the portfolio's standard deviation. If there is a lesser correlation between the return on each investment in the portfolio, the risk of the portfolio would be lower as well as the benefits of diversification will indeed be greater.
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Copy the sample kitchen budget worksheet to the current workbook
The total section will automatically calculate the sum of the planned budget and actual expenses.I can provide you with a general template for a kitchen budget worksheet that you can create in your current workbook.
Here's a sample format:
Kitchen Budget Worksheet:
Category Planned Budget Actual Expenses
Groceries [Enter amount] [Enter amount]
Dining Out [Enter amount] [Enter amount]
Kitchen Supplies [Enter amount] [Enter amount]
Appliances [Enter amount] [Enter amount]
Utilities [Enter amount] [Enter amount]
Repairs and Maintenance [Enter amount] [Enter amount]
Miscellaneous [Enter amount] [Enter amount]
Total [Sum of planned budget] [Sum of actual expenses]
In this worksheet, you can enter the planned budgeted amounts for each category and update the actual expenses as you make purchases or incur costs.
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Robinson is using the web below to organize his ideas for his essay about the aftermath of the 1871 Chicago fire. One of his sources is The Great Fire by Jim Murphy. A circle is labeled Great Chicago Fire: The Aftermath. 3 circles are connected to this main circle. The first is labeled Restoring the city. The second is labeled Analyzing what happened. The third is labeled Individual stories. Which detail belongs in the analyzing area of the web?
I know I'm a tad bit late, but the answer is C...I hoped this helps someone ^^
name some differences between the requirements and responsibilities between volunteer,intern, and paid jobs
Answer:
The major difference between job shadowing and an internship is that you perform more duties as an intern than as a job shadow participant. Interns are hired for temporary positions, and they can be paid or unpaid. When you have. a job you are bing paid and normally have more responsibilities.
100 points! PLEASE HELP. DO NOT SKIP THIS!
PLEASE DON'T DO FUNNY BUSINESS HERE.
You are now familiar with government and how it plays a role in our economy. Using what you learned in the lesson, describe two advantages and two disadvantages of governmental involvement. What changes would you make to improve government’s role?
You can say answers other than-
there are more restrictions
Answer:
There are many advantages of government intervention such as even income distribution, no social injustice, secured public goods and services, property rights and welfare opportunities for those who cannot afford. Whereas, according to some economists the government intervention may also result in few disadvantages.
I would try to remove corruption
Explanation:
Plz mark brainliest thanks
Answer:
(Disadvantages)
Government and political interference may lead to poor management.
-Operation in large scale may lead to diseconomies of scale arise.
(Advantages)
-Protecting the safety and health of the public and the environment.
-Offering consumers increased safety when choosing products.
Explanation:
Stop trying to legislate morality. Where we get tripped up is in the conversation about "beliefs". We have been stuck in fights that keep our country in a holding pattern. It is not only detrimental to our unity, it undermines our ability to concentrate on areas that need it.?
QUESTION 4 of 10: One survey has 3 respondents, and another 100. Which survey is more likely to accurate data? a) The one with the larger sample size b) The one the smaller sample size
I need help
Answer:
The one with the larger sample size
Explanation:
Larger sample sizes provide more accurate mean values, identify outliers that could skew the data in a smaller sample and provide a smaller margin of error.
The survey is more likely to have accurate data is the one with larger sample size. Thus the correct option is A.
What is Survey?The survey is referred to as a technique of data collection with the objective to perform research by asking questions. In surveys, a group of participants is involved in which questions related to the research are asked.
The accuracy of the average values will increase with the size of the sample. In addition to providing smaller margins of error, larger sample sizes aid researchers in discovering patterns in data.
The smaller sample size cannot be considered accurate due to its value. The smaller sample size is cost-effective and time-saving but cause more error in data collection.
Therefore, option A one with the larger sample size is appropriate.
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Product A has completed the manufacturing process. The quality control team flags Product A for manufacturing defects. Why is the quality control team important in this scenario?
The quality control team is important in this scenario because they ensure that products manufactured by the organization meet or exceed customer expectations.
When a product is flagged for manufacturing defects, it means that it did not pass the quality control process. The quality control team uses different methods to detect any faults in the products. They then report to the production team who can make the necessary adjustments.
Without the quality control team, there is a high probability that defective products would be delivered to customers, resulting in customer complaints, returns, and lost sales.
The quality control team is responsible for quality assurance by checking the manufacturing process and ensuring that it is consistent, reducing the possibility of defects.
They also help to ensure that the organization complies with relevant regulations and standards in producing their products.
A quality control system helps to identify any deficiencies in the manufacturing process and helps the production team to refine their processes and improve the quality of the end products.
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select the answers that are fundamental assumptions of free-market economics that a market-driven society strives to achieve.
Free-market economics is a system of economics that allows individuals and businesses to operate freely, without any interference from the government or other organizations. In a free-market economy, prices are set based on supply and demand, and competition is encouraged among businesses to promote innovation and efficiency.
Some of these assumptions include:1. The law of supply and demand: This is the basic principle of free-market economics. 2. Private property rights: In a free-market economy, individuals and businesses have the right to own and control their own property, including land, buildings, and other assets. 3. Free competition: Competition is encouraged in a free-market economy, as it helps to promote innovation and efficiency.
4. Minimal government intervention: The government should only play a limited role in a free-market economy, and should not interfere with the workings of the market unless absolutely necessary. 5. Consumer sovereignty: In a free-market economy, consumers have the power to determine what goods and services are produced and how they are produced.
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Describe the advantages that llc and S corporation‘s passed through entitles have relative to c-corporations
Answer:
Single-layer taxation
Explanation:
Limited liability companies and S corporations are able to pass through their income as the owner's income. "LLC and S corporations" are entities, unlike the C corporation.
Pass-through entities have a taxation advantage over non- pass-through entities. In tax computation, a pass-through entity passes its income or losses as those of its owners; hence the entity will not be subject to income tax. The business profits are treated as income to the owners, who will pay individual tax income. LLC and S corporation have only one layer of taxation.
A C corporation is subject to taxation as an independent entity. The directors have to file corporate tax returns on behalf of the business based on the company profits. The business profits are distributed to the shareholder as dividends. The shareholders have to pay tax on the dividend received as part of their income tax. The shareholders are double-taxed, as the business owners- corporate tax and as individuals - income tax. Double layer taxation.