Paul owns a photography studio, and he has applied for a loan to
purchase a larger space so he can show his, and other local photographers’, work.
As part of the loan process, the bank reviews Paul’s credit history, which reveals that
Paul’s studio has been in operation for six months, Paul has an active loan on some
photography equipment for $8,000, Paul has a credit score of 650, and the studio
turns a decent profit. Given all this information, Paul’s loan is denied.

Determine which item from Paul’s credit history caused the denial.

Answers

Answer 1

Answer:

A credit score of 650 is slightly below average for the populace, coupled with the fact that the studio has been in operation for a short period of time and he has an outstanding loan of $8,000, is the reason he was rejected. It was the outstanding loan.

Explanation:


Related Questions

Summarize what is a stock?

Answers

A stock is a share in the ownership of a company. A bond is an agreement to lend money to a company for a certain amount of time. Companies sell securities to people to get the money they need to grow. People buy securities as investments, or ways of possibly earning money. Overtime, if you make super good investments and a good couple years you could be making thousands!

I need help on this

Answers

Answer: fra

Explanation:

Unless an exemption applies, under the Investment Advisers Act of 1940, an investment adviser is required to A) furnish a statement of the total dollar amounts of securities bought and sold each year to customers B) maintain a bond for an amount based on the assets under management C) furnish an audited balance sheet each year to customers for whom the advisor maintains custody D) provide each advisory client with a brochure or a summary of material changes within 120 days of the end of its fiscal year

Answers

Answer:

for example in a small timr of a gift shop in a large bowl with the story and the app store and all of them in a new location for the next i would have a little bit more float in my house and the other half the time it is th good for me a lot and all of my dear friend and all the others I am not playing in my own words and all the other ones are you and all the others who have a problem

A firm's demand for labor is known as a derived demand because the firm gains utility from hiring more labor the firm gains utility from hiring more labor A the wage rate paid to workers depends on the demand for labor the wage rate paid to workers depends on the demand for labor B the amount of labor demanded depends on the amount of capital invested the amount of labor demanded depends on the amount of capital invested C the amount of labor demanded depends on the demand for the firm's product the amount of labor demanded depends on the demand for the firm's product D the firm will benefit from hiring additional labor

Answers

Answer:

The correct answer is the option C: The amount of labor demanded depends on the demand for the firm's product.

Explanation:

To begin with, in the microeconomics theory we can find the answer to the question base upon the fact that the "derived demand" of labor is known like that because it will always depend on the amount of output that the company sells. Therefore that the amount of labor hired is derived from the amount of product sold. Understanding that if the company sells more of its product then it will hire more workers in order to increase the offer, according to basic supply laws. And that is why that obviously the demand ends up being dependent from the demand of the product itself.

From the perspective of the ____, the price at which a unit is exchange is the marginal cost of that unit

Answers

Answer:

From the perspective of the SELLER, the price at which a unit is exchange is the marginal cost of that unit

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Answers

Answer:

. ...........

Thank you

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Give three reasons why building apps might not be the sole source of income for an individual.

no weird links YOU WILL BE REPORTED

Answers

Answer:

because of there poor user experience, not choosing a platform wisely and a poor executed mobile app launch :)

Scholarships, grants and work-study money all reduce the _____ of higher education.
A. Retail price
B . sticker price
C. net cost
D. sticker shock

Answers

There are different kinds of grants. Scholarships, grants and work-study money all reduce the net cost of higher education.

Net price in this aspect is known to be the college's annual cost of attendance not including grants, scholarships, tuition waivers etc., that student receives for one year of college.

It is known as the forms of financial aid that a student does not have to repay or earn through work. If a student do get or wins a private scholarship, it helps to reduce the net price.

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You are valuing the stock of Microsoft Corp. You estimate the fair value of the stock of $270. Currently the stock is trading at $244.37. Your recommendation should be:

Answers

Answer: buy the stock

Explanation:

Fair value refers to the price of an asset that's determined by the buyer and the seller. It's the worth of an asset. The market value is the price an an asset is sold in the marketplace.

By comparing the fair value and the market price, one can know if to invest in a asset or not. Since the fair value is more than the market price, then the should be bought.

Fund Net Asset Value Offering Price Change Capital $9.01 $9.59 - .02 Common $6.37 $6.64 - .04 Corporate $7.72 $8.44 .03 A customer who placed an order to buy 200 shares of Capital Fund this day will pay: A $1,802 B $1,802 plus a commission C $1,918 D $1,918 plus a commission Review

Answers

Answer:

C $1,918

Explanation:

Calculation to determine what Capital Fund this day will pay

Using this formula

Capital fund=Capital Offering price*Number of shares

Let plug in the formula

Capital fund=$9.59 per share x 200 shares

Capital fund=$1,918.00

Therefore Capital Fund this day will pay:$1,918.00

The main reason that Starbucks was able to have the main share of coffeehouses in the world is just two decades is that they: used tangible resources to provide their product. capitalized on the economic climate at the most opportune time. were the only coffeehouse to offer premium coffee during extended hours. successfully applied their knowledge and skills to better serve customers.

Answers

Answer:

Were the only coffeehouse to offer premium coffee during extended hours.

Explanation:

Starbucks has a significant share in global markets, it has developed it in not so long time.

Reason behind it might be that - Its premium coffee beans & consequently coffee quality. This complimented with fair range of coffee varieties, relaxing & comfortable ambience, specially during extended hours - helped it attain the status.

The summer internship is five weeks long, approximately 30 hours per week for 150 hours total.

Answers

Answer:

true

Explanation:

The following information pertains to Sunland Company. Assume that all balance sheet amounts represent average balance figures. Total assets $261000 Stockholders' equity-common 130500 Total stockholders' equity 185500 Sales revenue 95500 Net income 29500 Number of shares of common stock 6100 Common dividends 5100 Preferred dividends 7600 What is the return on common stockholders' equity ratio for Sunland

Answers

Answer:

the Return On COmmon Stockholders Equity is 16.78%

Explanation:

The computation of the return on the common stockholder equity ratio is shown below;

Return On Common Stockholders Equity is

= (Net Income - Preferred Dividend ) ÷ Average Common Stockholders Equity

=  ($29,500 - $7,600 ) ÷  130,500

= 16.78%

Hence, the Return On COmmon Stockholders Equity is 16.78%

Who are the top three trading partners with the US?

Answers

China, Canada and Mexico

Answer: China, Canada, and Mexico.

This is for business management, can anyone help me?

Answers

I might be so wrong but I think it is B

hope it was right have a awesome day :)

Your boss asks you to write a press release about a client's new product. He edits your draft, adding information about the product that you know to be incorrect. What do you do?

Answers

Answer: In the above scenario,I would decline carrying out the task when I know information given to me would falsify or tarnish the image of the client

Explanation:

Integrity is vital in the world today. It could be a test indirectly for an opportunity tomorrow and when you fail there is a high probability those who used you for such would trust you because the would think you can easily be swayed.

In the above scenario,I would decline carrying out the task when I know information given to me would falsify or tarnish the image of the client. Integrity is a good name that keeps bearing fruit forever.

An agent's client calls on Monday to discuss the current market situation. They discuss how 100 shares of KAPCO common stock would be an appropriate addition to the client's portfolio. On Thursday, the client calls and tells the agent to place an order for the KAPCO stock at whatever price the agent feels is best. The agent waits until Friday, purchasing the stock at a price $2 per share below Thursday's low. In this case the agent acted A) improperly; the order should have been placed on Thursday B) properly because the agent used discretion as to price and time C) improperly; the order cannot be placed without prior written authorization allowing discretion D) properly because the agent saved the client money

Answers

Answer:

A) improperly; the order should have been placed on Thursday

Explanation:

An agent is someone that is contracted by a client to effectively manage his business interest and also to follow client instruction on time in order to make profit for the client.

In the given scenario the agent received instructions to place an order for the KAPCO stock at whatever price the agent feels is best.

Since they had initially discussed the suitability of the KAPCO stock before now, the agent should have placed the order immediately.

However his delay till Friday resulted in a loss of $2 per share below Thursday's low.

The agent acted improperly.

Refer to exhibit 24-7. the maximum profits earned by a single-price monopolist producing good x are

Answers

Answer:

$4,500

Explanation:

hope i helped :)

Give three reasons why building apps might not be the sole source of income for an individual.

Answers

Here are the top six reasons why apps fail and how you can avoid them. App development projects fail and identify areas for improvement so you can. Not only is audience research necessary for developing an app that. For example, iOS users typically have a higher income and more education than Android users.

Hope this helps :)

Which point on the business cycle BEST represents an expansionary phase?

Answers

Answer: the answer is D

Explanation:

Expansionary could also be used as going up

On the given diagram of graph, the business cycle best represents an expansionary phase is Point D. The correct option is (D).

What do you mean by the business cycle?

Business cycles are characterized by a country's economic activity experiencing a boom in one period and a fall in the next.

The two key stages of a business cycle are basically prosperity and depression. The expansion, peak, trough, and recovery stages are also intermediate phases.

The expansion phase of a business cycle is represented by the cycle line that rises above the steady growth line. The production, employment, output, wages, profits, demand and supply of goods, and sales all rise during the expansion phase of a business.

Here,

According to the graph, the points represents the phases as:

Point A = Peak phases.

Point B = Recession phases.

Point C = Trough phases.

Point D = Expansion phases.

Therefore, the given diagram of graph, the business cycle best represents an expansionary phase is Point D.

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An externality is an unwarranted cost or benefit that affects...

O the producer only
O the consumer only
O a third party
O both the producer and consumer​

Answers

Answer:

a third party

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

In Economics, an externality could either be positive or negative depending on its effect on a third party.

A positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.

On the other hand, a negative externality arises when the production or consumption of a finished product or service has a negative effect and/or impact (cost) on a third party.

This ultimately implies that, an externality is typically an unwarranted cost or benefit by a manufacturer or producer of goods and services that affects a third party.

Merchandise is purchased for $6,000 on September 2 subject to terms of 1/10, n/30, FOB destination. Freight costs paid by the seller totaled $131. What is the cost of the merchandise if paid on September 12, assuming the discount is taken

Answers

Answer:

Given:

invoice price of $6,000 is purchased on September 2 subject to terms of 2/10, n/30, fob destination.

freight costs paid by the seller totaled $200

Payment is made on September 12.

The payment is net of discount because September 12 is still within the discount term of 10 days.  

6,000 x 2% = 120

6,000 - 120 = 5,880

The required payment if paid on September 12 is 5,880.

The freight cost paid by the seller is recognized by the seller as an expense. The buyer does not need to refund said freight cost because the ownership of the merchandise has not yet been transferred to the buyer. FOB destination means that the transfer of ownership from seller to buyer happens when the merchandise arrives at its destination or buyers address.

Hope this answer helps you :)

Have a great day

Mark brainliest

Does it matter how often banks charge interest?

Answers

Answer:Basically no

Interest is charged on a monthly basis in the form of a finance charge on your bill. If you have a revolving balance, you will lose that 21-day interest-free grace period on purchases.

when proving cash , cash balance is compared to _____.?

Answers

C or d sorry not to sure

When proving cash, the cash balance is compared to the chequebook balance. Thus, option 'D' is the correct option.

What is cash balance?

The sum of money that a business has on hand at the moment is called its cash balance. This cash is held in reserve to cover any unforeseen financial shortfalls. Without this financial safety net, companies could find themselves unable to cover their expenses. Normally, cash balances are put toward debt repayment or given as dividends to investors.

Cash balance = beginning cash balance + cash inflows – cash outflows.

On the balance sheet, cash is categorized as a current asset, which causes it to rise on the debit side and decrease on the credit side. Due to the order of liquidity, cash will often be at the top of the current asset part of the balance sheet. Currency, bank accounts, and undeposited cheques are all considered cash on a balance sheet.

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18. Would you expect, in some cases, to see only an income effect or only a substitution effect? Explain.19. Which is larger, the income effect or the substitution effect​

Answers

The income effect because you’ll gain more money personally and the substitution effect is about everybody in the building getting a “fair share”.

1.What is a story?
2.What are the elements of a story ?​

Answers

Answer:

an account of imaginary or real people and events told for entertainment.

The parts of a story consist of five main elements: characters, setting, plot, and conflict along with theme.

hope this helps

have a good day :)

Explanation:

A story is an account of imaginary or real people told for entertainment.

elements of a story are characters, setting, plot, theme and conflict.

Sarah buys 500 shares of stock at $18 and sells the holding for a capital gain of $3,000. What was the share price at the time of the sale?

Answers

Answer:

$24

Explanation:

500 * 18 = $9000 worth of stock initially.

She sells with a $3000 gain, which means the value of the stock is $12000

12000/500 = $24

25 points, whats the worst thing that has happened in your life?

Answers

Answer:

I went into debt in 2015 :(

Parents divorced, no rights anymore, half of my family hates me without meeting me in the first place

How important is financial planning for your future?

Answers

Explanation:

Financial planning is a step-by-step approach to meet one's life goals. A financial plan acts as a guide as you go through life's journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.

Influencers, deciders, and gatekeepers are examples based on segmentation
by.
A. type of organization
B. type of industry
C. location
D. role in the buying center

Answers

I would say D makes the most sense
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