1. What is a FICO score and why is it important? What is the median FICO score?

Answers

Answer 1

A FICO score is a credit score developed by Fair Isaac Corporation that is used by lenders to determine the creditworthiness of an individual. The median FICO score in the United States is around 706

The score is based on credit history and takes into account factors such as payment history, credit utilization, length of credit history, and types of credit used. A high FICO score is important because it indicates that an individual is financially responsible and has a low risk of defaulting on a loan or credit card.

This makes them more attractive to lenders and can result in lower interest rates and better loan terms. On the other hand, a low FICO score can make it more difficult to obtain credit or may result in higher interest rates.

. However, this can vary depending on the age group and region. For example, younger individuals may have lower scores due to shorter credit histories, while individuals in certain regions may have lower scores due to economic factors.

In summary, a FICO score is an important tool for lenders to assess creditworthiness, and a high score can result in better loan terms and interest rates. It is important for individuals to maintain good credit habits in order to achieve a high FICO score.

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Related Questions


what are the common risk areas that can be observed
when reviewing financial statements

Answers

When reviewing financial statements, there are several common risk areas that can be observed. These risk areas include:

1. Accuracy and Completeness: One common risk area is ensuring that the financial statements are accurate and complete. This involves verifying that all the financial information presented is correct and that no important details have been omitted. For example, reviewing the balances in the balance sheet and ensuring they match the corresponding accounts in the general ledger.

2. Revenue Recognition: Another risk area is revenue recognition. This involves assessing whether revenue has been recorded correctly and in accordance with the relevant accounting standards. For instance, verifying that sales are recognized when they are earned and realizable.

3. Expense Recognition: Similarly, expense recognition is a risk area that involves examining whether expenses have been recorded accurately. This includes reviewing expense transactions to ensure they are properly recorded and allocated to the correct periods. For example, verifying that all expenses incurred during a specific period have been recognized in the corresponding income statement.

4. Inventory Valuation: Inventory valuation is a critical risk area, particularly for businesses that hold significant amounts of inventory. This involves reviewing the valuation method used and ensuring that it is consistent with the accounting principles. For instance, verifying that the inventory is valued at the lower of cost or net realizable value.

5. Financial Statement Presentation: Lastly, a risk area to consider is the overall presentation of the financial statements. This includes assessing whether the financial statements comply with the applicable accounting framework and are presented in a clear and understandable manner. For example, reviewing the formatting, disclosures, and footnotes to ensure they provide relevant and meaningful information.

It's important to note that these risk areas can vary depending on the nature of the business and the specific circumstances. It is recommended to have a comprehensive understanding of the financial statements and the relevant accounting principles in order to effectively identify and assess these common risk areas.

Remember, this is just an overview of some common risk areas. There may be other specific risk areas that are unique to each business or industry. It's always a good idea to consult with a qualified professional or accountant for a more detailed and tailored analysis of the financial statements.

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Which of the following is NOT a resource?
A
water
B.
food
C.
land
D.
jewelry

Answers

Answer:

D

Explanation:

It was never made when Earth was made

Answer:

jewelry not resource this is a correct answer

I am working on a new app what should i do should i call it, its a app to make new friends and not be lonely

Answers

Answer:

oh i will be your friend

Explanation:

discuss the differences in pay systems between u.s. and japanese firms. to what extent are these differences culturally determined?

Answers

U.S. firms typically use individual-based pay systems, while Japanese firms use group-based pay systems. These differences are partially culturally determined, reflecting the individualistic and collectivist values of the respective societies.

U.S. firms typically use individual-based pay systems, where pay is tied to individual performance, skills, and experience. Japanese firms, on the other hand, use group-based pay systems, where pay is tied to the overall performance of the group. These differences are partially culturally determined, reflecting the individualistic and collectivist values of the respective societies. In the U.S., individual achievement and recognition are highly valued, while in Japan, cooperation and harmony within the group are prioritized. However, these differences can also be influenced by economic factors and industry-specific practices. For example, the use of group-based pay in Japan's manufacturing sector can be attributed to the importance of teamwork and quality control.

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The less-expensive matinee movie pricing offered on shows prior to 4:00 PM is an example ofa. price differentiation.b. idle production pricing.c. price lining.d. off-peak pricing.e. bait-and-switch pricing.

Answers

The less-expensive matinee movie pricing offered on shows prior to 4:00 PM is an example of off-peak pricing.

This pricing strategy involves offering lower prices during times of lower demand or when production is idle. In the case of matinee movie pricing, theaters are able to attract customers during slower times of the day by offering a discounted price for shows prior to 4:00 PM. This strategy is often used in industries such as transportation, hotels, and restaurants, where demand varies depending on the time of day or season.  

Off-peak pricing is a common way for businesses to maximize profits by utilizing excess capacity during slow periods. This strategy helps to spread out demand and avoid overcrowding during peak times, while also encouraging customers to take advantage of lower prices. Off-peak pricing can be an effective way to boost sales and improve customer satisfaction, as long as it is used strategically and does not negatively impact overall profitability.

In a detailed and concise manner, off-peak pricing is a strategy where businesses offer lower prices for their goods or services during times when demand is lower. This encourages customers to use the service during less busy hours, helping to balance out demand and make better use of resources during slower periods. In the case of the matinee movie pricing, offering lower prices prior to 4:00 PM attracts customers to attend screenings during the day when there is less demand, thus utilizing the theater's capacity more efficiently.

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Why should I prepare myself to be career-ready in multiple career clusters ? (3-4 sentences )

Answers

Answer:

Knowing the projected growth trends of your desired future career can help you map out a career trajectory

Find out who the big players are in your desired industry.

Interacting and networking with others can keep you in the loop when it comes to your future career.

Explanation:

Are purchase discounts always a debit?​

Answers

Answer:

Yes

Explanation:

because it is and of course its is ask googel

Pfizer is one of the largest pharmaceutical companies in the world and has a patent on a drug that treats heartburn. If the patent is about to expire, then pfizer has two options: it can continue to charge a high price for its product or charge a low price. After the patent expires, a drug company that produces generic drugs must decide whether to enter the market or not enter the market. The profits for each scenario are given in the accompanying payoff table

Answers

Option 1: Pfizer Charges High Price

Option 2: Pfizer Charges Low Price

Generic Drug Company Enters Market: Pfizer Profit: $100 million; Generic Drug Company Profit: $25 million

Generic Drug Company Doesn't Enter Market: Pfizer Profit: $150 million; Generic Drug Company Profit: $0 million

Why do you use the term "drug patent"?

Regardless of the state of a drug's approval, patents may be granted or expire at any time. If all legal prerequisites are satisfied, exclusivity is granted upon drug product approval. When compared to other medications, some have just one or no exclusivity or patent protection.

How many years does a drug's patent last?

The USPTO typically grants a patent 3.4 years after a conventional medication application is submitted and 4.4 years after a biologic application is submitted in the majority of cases. In accordance with the law, a pharmaceutical patent's granting covers 20 years of protection starting from the day the patent application was made.

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Help me stuck on this!!!!!

Explain THREE reasons why some entrepreneurs may prefer to keep their businesses small.

Answers

Answer:

It may provide more money, less people will try to buy your store, and it also helps with your credit

Explanation:

3. Integrated Potato Chips does not pay a dividend. Its current stock price is $150 and there is an equal probability that the return over the coming year will be -10%, +20%, or +50%. A) What is the expected price at year-end?

Answers

Integrated Potato chips expected price at year-end will be around $180.

What is the expected price?

An expected price level, also known as anticipated price level, is the rate or price that products and services might be expected to attain given a specific set of economic conditions. This kind of figure is typically predicted by economists or even business owners as a way to get a sense of what will happen in a particular market should certain circumstances take place.

What does stock price mean?

The price at which a share of stock is currently trading on the market is referred to as the stock price. When shares of a publicly traded firm are issued, their value is assigned a price that, ideally, represents the worth of the company itself.

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How much of the total did Raul contribute himself

Answers

1. The total balance in the account after 40 years would be $192,520.

What is balance?

Balance is a fundamental concept in a wide range of disciplines, including physics, biology, finance, and psychology. It refers to the ability to maintain equilibrium or stability, and the ability to adapt and adjust when faced with external challenges. Balance is achieved by creating internal stability and harmony, and by avoiding extremes and unnecessary risks. In physical terms, balance is achieved when the forces acting on a system are equal and opposite.

2. Raul contributed $120,000 himself.
3. Raul made $92,520 through compound interest in the savings account.
4. Raul could have increased the total amount of money he made over the 40 years by investing his money instead of keeping it in a savings account. Investing has the potential to earn higher returns than a savings account and has the potential to increase the total amount of money made over the 40 years.

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Complete Question:
Raul Raul is a saver. He sets aside $100 per month during his career of 40 years to prepare for retirement. He does not like the idea of investing because he prefers to minimize his risk as much as possible, so he puts his money in a savings account which earns 1.596 interest per year 1. What is the total balance in 2. How much of the total did 3. How much money did Raul the account after 40 years? Raul contribute himself? make through compound interest in this savings account? N 4. Identify one way Raul could have increased the total amount of money he made over the 40 years. Explain your reasoning.

What does Expected Family Contribution mean?

Answers

what is expected from family members to contributes

Answer:it means that

Explanation: In the post-secondary education system of the United States, an expected family contribution is an estimate of a student's, and for a dependent student, their parent' or guardian', ability to pay the costs of a year of post-secondary education

how do i make a sandwich if my teacher was 35 and her husband was 3 and i was 36

Answers

Answer:

WHATTTTTTT XD

Explanation:

Can i have a brainiest i kind of need them

Also you might need therapy

Answer:

first how in heck are you till in school and sec HOW IN THE HELL IS HE 3

 explanation:

Why are file naming conventions essential?
A. So that data entry workers do not have to learn new systems with
every new position.
B. To make it easy to copy files for backup storage.
C. So that companies can easily share files with other companies.
D. Without everyone using the same system, it would be impossible
to know locate folders or files.

Answers

Answer:

D. Without everyone using the same system, it would be impossible

to know locate folders or files.

Explanation:

Click this link to view O*NET's Tasks section for Actors.
Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to
O*NET, what are common tasks performed by Actors? Check all that apply.
creating artwork for use in stage sets
collaborating with other actors
working closely with directors, other actors, and playwrights to find the interpretation suited to the role
studying and rehearsing roles from scripts
learning about characters in scripts and their relationships to each other
teaching college classes and training other people how to become actors

Answers

Answer: B C D E

Explanation:

Did the assignment

To find the interpretation suited to the role, studying and rehearsing roles from scripts, learning about characters in scripts and their relationships to each other and teaching college classes and training other people how to become actors are common tasks performed by Actors. Hence, options B, C, D and E are correct.

Who is a director of a movie?

The directors are the movie's creative leaders. They uphold the artistic vision throughout pre-production and final editing. They are employed by the executive producer or producer, who is ultimately in control of a production.

A film director's responsibilities include reading and editing scripts, overseeing the cast and crew, and putting the final product together. The actors and other crew members will work with you to ensure that the movie ultimately reflects the aesthetic vision for the finished result.

Thus, options B, C, D and E are correct.

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according to frederick herzberg, hygiene factors such as larger salaries, more supervision, or a more attractive work environment greatly improve worker productivity. true false

Answers

According to Frederick herzberg, hygiene factors like larger salaries, more supervision, or a more attractive work environment greatly improve worker productivity - False

According to Frederick, hygiene factors are external factors necessary to prevent dissatisfaction but do not necessarily lead to increased motivation or satisfaction. Examples of hygiene factors are salary, working conditions, supervision, and company policies. His theory suggests that while addressing hygiene factors is important to prevent employee dissatisfaction, they are not sufficient to increase productivity.

Instead, Herzberg argued that motivation and productivity are driven by factors that are internal to the individual, such as recognition, responsibility, and the opportunity to learn and grow. These factors, referred to as motivators, are closely related to the work itself and are more likely to lead to increased motivation and productivity.

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c) What are the major jobs of a nurse?​

Answers

Answer:

1) Conduct physical exams

2) Take a detailed heath care histories

3) Provide counselling and health care to patients

4) Listening to the patients and analysing the physical and emotional needs

Which two factors should most influence design choices when working on a project for a client? (Choose two)
(A. Design Trends
B. Client Goals
C. Season Design Trends
D. Target Audience
E. Designer's Personal Style)

Answers

Answer:

B. Client Goals

D. Target Audience

Explanation:

PLEASE ANSWER FAST please answer like.
Answer 1. _______________
Answer 2._______________
Answer 3._______________
Answer 4._______________
Answer 5.______________

PLEASE ANSWER FAST please answer like.Answer 1. _______________Answer 2._______________Answer 3._______________Answer
PLEASE ANSWER FAST please answer like.Answer 1. _______________Answer 2._______________Answer 3._______________Answer
PLEASE ANSWER FAST please answer like.Answer 1. _______________Answer 2._______________Answer 3._______________Answer
PLEASE ANSWER FAST please answer like.Answer 1. _______________Answer 2._______________Answer 3._______________Answer
PLEASE ANSWER FAST please answer like.Answer 1. _______________Answer 2._______________Answer 3._______________Answer

Answers

1d 2b 3c 4a ...............................
D.)
C.)
B.)
A.)
Hope this helps!

an organizational process assets is the output of which closing process ?
a. project quality management
b. project integration management
c. project time management
d. project procurement management

Answers

An organizational process asset is an output of the project integration management process. The correct option is (b) Organizational process assets are the plans, procedures, regulations, and policies that a company uses to govern its activities.

It provides the company with the necessary tools to conduct company operations in a standardized manner. To create a more successful business model, firms can constantly improve these assets. The development and management of organizational process assets are the most critical tasks in project management. The process improvement database, estimation tools, and communication plans are examples of organizational process assets.

What is the significance of organizational process assets?Organizational process assets have a significant impact on the management of the project. As project activities are conducted, the assets provide a guideline for the company to keep track of its performance, ensuring that the desired outcomes are obtained. The assets aid in project planning by providing the necessary tools and procedures to develop a plan that considers all project requirements, such as stakeholder requirements, product goals, quality criteria, and project constraints.

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A change in each of the following is a lagging economic indicator except? a employment duration b reported corporate profits c inventory to sales ratio d initial claims for unemployment

Answers

An exchange in every of the following is a lagging economic indicator besides employment duration.

An economic indicator is a macroeconomic dimension utilized by analysts to apprehend modern and destiny economic activity and possibility. The most extensively-used economic signs come from statistics released with the aid of the government and non-income businesses or universities.

An economic indicator is a statistic of approximately a financial interest. economic signs permit evaluation of monetary performance and predictions of destiny overall performance. One application of economic signs is the look at business cycles. Wikipedia

importance

A leading indicator is an economic aspect that has a tendency to alternate earlier than the economic system begins to exchange. A lagging indicator is a monetary element that modifications simplest after the change inside the economy has already taken place. leading indicators are used to forecast extensive shifts within the financial system.

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what is the significance of price elasticity of demand to a producer​

Answers

Answer:

See the explanation below

Explanation:

Significance of price elasticity of producers:

useful in pricing decisionswhen demand is elastic, firms have to reduce their price to earn more revenuewhen demand is inelastic firms need to raise prices to earn more revenue

When preparing a business message, you should make your writing audience oriented. Audience oriented means a. attempting to get your audience to believe and accept your message. b. writing to solve a problem or convey information. c. presenting ideas clearly but concisely. d. concentrating on looking at the message from the receiver's perspective.

Answers

Answer:

D. Concentrating on looking at the message from the receiver's perspective.

Explanation:

When writing a business message, it is important to ensure that the perspective of the receiver is considered. There are two sides to a message; the speaker and the receiver. By making a business writtings audience oriented, it means that thoughts of the receiver or audience is considered alongside the message.

Although other skills such as; present ideal clearly but concise, attempt to get your audience to believe and accept your message, write to solve a problem or convey information are essential qualities of business writtings, yet do not point to audience oriented message.

You are considering buying stock A. If the economy grows rapidly, you may earn 40 percent on the investment, while a declining economy could result in a 15 percent loss. Slow economic growth may generate a return of 3 percent. If the probability is 12 percent for rapid growth, 27 percent for a declining economy, and 61 percent for slow growth, what is the expected return on this investment? Round your answer to one decimal place.

Answers

Answer:

the expected return is 2.58%

Explanation:

The computation of the expected return is shown below:

=  respective weights × respective returns

= 40% × 12% + -15% × 27% + 3% × 61%

= 0.048 - 0.0405 + 0.0183

= 0.0258

= 2.58%

hence, the expected return is 2.58%

problem 2-21 (static) prepare an income statement, balance sheet, and statement of changes in stockholders' equity; analyze results lo 2-2, 2-3, 2-4 the information on the following page was obtained from the records of breanna incorporated: accounts receivable $ 40,000 accumulated depreciation 104,000 cost of goods sold 280,000 income tax expense 15,000 cash 130,000 net sales 420,000 equipment 240,000 selling, general, and administrative expenses 59,000 common stock (36,000 shares) 180,000 accounts payable 30,000 retained earnings, 1/1/22 34,000 interest expense 6,000 merchandise inventory 54,000 long-term debt 80,000 dividends declared and paid during 2022 24,000 except as otherwise indicated, assume that all balance sheet items reflect account balances at december 31, 2022, and that all income statement items reflect activities that occurred during the year ended december 31, 2022. there were no changes in paid-in capital during the year. required: prepare an income statement and statement of changes in stockholders' equity for the year ended december 31, 2022, and a balance sheet at december 31, 2022, for breanna incorporated. based on the financial statements that you have prepared for part a, answer the questions in parts b-e. what is the company's average income tax rate? what interest rate is charged on long-term debt? assume that the year-end balance of long-term debt is representative of the average long-term debt account balance throughout the year. what is the par value per share of common stock? what is the company's dividend policy (i.e., what proportion of the company's earnings is used for dividends)?

Answers

An summary of the company's financial performance for a certain time period is offered by the income statement.

What are an income statement and a balance sheet?The balance sheet provides a concise overview of a company's financial situation at a particular period. An summary of the company's financial performance for a certain time period is offered by the income statement. In order to offer correct information, it is further classified to include assets, liabilities, and shareholder's equity.cumulative depreciation of $40,000 on accounts receivable Cost of goods sold: 104,000; income tax expense: 280,000 15,000 cash Net sales of $130,000 240,000 in selling, general, and administrative costs, 420,000 in equipment 59,00 common shares (36,000 shares) $180,000 in payables Retained profits of $30,000. 1/1/22 34,000 in interest costs 6,000 items in the supply Long-term debt of 54,000 80,000 dividends announced and paid during 2022, excluding when specifically stated differently,

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economy where the government owns and offers all the goods and services is called ?

Answers

In such situation, we would have what is known as a command economy, in which the government owns, provides, and sets the prices for all goods and services.

The goal of a command economy, often referred to as a planned economy, is to maximise societal welfare by the planning, coordination, and direct supervision of all economic activity. In contrast to free-market economies, command economies do not permit market forces like supply and demand to control production or prices. All resources are allocated by the government in line with the overall plan. It strives to make the best use of the country's financial resources, labour force, and natural resources. A central authority determines both the maximum allowable output and the prices that can be paid for products and services under a political system with a command economy. Most industries are publicly held businesses.

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A customer purchases $100,000 worth of merchandise from the ABC company on January 1st with terms of 5/10 EOM, net 60. If the customer pays the bill within the discount period the ABC company will receive payment of:

Answers

if the customer pays the bill within the discount period, ABC Company will receive payment of $95,000.

The amount of payment that ABC Company would receive if the customer pays the bill within the discount period of 5/10 EOM, net 60, is $95,000. A discount period of 5/10 EOM, net 60 means that the customer can get a discount of 5% on the invoice amount if the payment is made within ten days from the end of the month (EOM) in which the invoice was issued. If the customer fails to make the payment within the discount period, they will be required to make the full payment of $100,000 within a period of 60 days from the date of the invoice.

Therefore, if the customer makes the payment within ten days from the end of the month (EOM) in which the invoice was issued, the amount of payment will be calculated as follows:
Invoice amount = $100,000

Discount rate = 5%

Discount amount = 5% x $100,000 = $5,000

Amount payable within discount period = Invoice amount - Discount amount

= $100,000 - $5,000 = $95,000.

Hence, if the customer pays the bill within the discount period, ABC Company will receive payment of $95,000.

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you are employed as a network administrator of vincent motors. an unreleased blueprint of a new car model of vincent motors has been leaked on the internet. you assume that an intruder must have succeeded in gaining access to your network in order to copy the blueprint. which of the following access control techniques will you use so that such an activity can be detected in the future?

Answers

The control process techniques that can be used so that such an activity can be detected in the future is authentication.

One of the significant management tasks is controlling. In reality, the management function as a whole will be rendered obsolete in the absence of a control process. The administration won't be able to tell whether the plan is being implemented correctly or not, or whether it is operating well. The primary goal of the management process is to ensure that the planned actions within an organization are occurring.

The control process aids managers in assessing the performance level of their individual organizations. The final function of management is control. If other management tasks are properly performed, the controlling function would become obsolete. Control will be necessary when there are any issues with the planned or collection and reporting.

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Jackson is preparing for his hearing before the Federal Communications Commission (FCC) involving a complaint that was filed against him by the FCC regarding the interruption of radio frequency. The order to "cease and desist" using the radio frequency has had a detrimental impact on his business.


The Federal court, through stare decisis, will look to precedent in ruling on Jackson's case.




Yes, the court will look to cases that have already been decided in deciding Jackson's case.



No, the court will start with a clean slate in reaching a decision regarding Jackson's case.

Answers

Answer:

Yes, the court will look to cases that have already been decided in deciding Jackson's case.

Explanation:

The court has scheduled hearing which Jackson has to attend. In this case the court will look into details of the matter and then find out the decision. If there are some difficulties in concluding the case then references will be taken from previous cases whose decisions has been decided.

Answer:

Yes, the court will look to cases that have already been decided in deciding Jackson's case.

Explanation:

I did the assignment in edge 2021.

Which of the following is an example of the limited role of government in the economy

Answers

Answer:

the creation of privately-owned businesses

Explanation:

I know you got this
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