Scenario 4:
You just got the keys to your first apartment. You also have a new credit card with a $4,000 limit and you use it to
furish your new place. Before you know it, you've bought a TV, a couch and a dining room table. When you get the credit card bill, you realize you’ve spent your full credit limit of $4,000.
the credit card bill, you realize you've spent your full credit limit of $4,000.
Does your credit score go up or down?
Why does it go up or down?
If your score goes down, how can you fix it?

Answers

Answer 1

Answer:

Explanation:

Scenario 1:

You want to purchase a new vehicle and you have your heart set on a brand new SUV. You take out a loan to pay for the car, but after six months you begin to fall behind on payments and incur late fees.

1. Does your credit score go up or down?

   Your Credit Card score will go down.

2. Why does it go up or down?

   It went down because you were late on your payments.

3. If your score goes down, how can you fix it?

   Pay your payments on time.

Scenario 2:

You’ve been eager to buy a new cell phone for months, and now you’re ready to make it happen. You use your credit card to purchase the phone and you set up automatic billing to pay the monthly expenses. At the end of each month, you pay the credit card bill in full.

1. Does your credit score go up or down?

   It goes up.

2. Why does it go up or down?

   You pay your bills on time.

3. If your score goes down, how can you fix it?

   It doesn't go down.

Scenario 3:

Your first semester of college, you take out a small loan to help pay for books. Despite being busy, you get a part time job. Although you don’t have to pay your loan back until you graduate, you’ve saved enough by the end of the semester and you will pay off the loan in full.

1. Does your credit score go up or down?

   Your score will go up.

2. Why does it go up or down?

   You will pay the loan back in full.

3. If your score goes down, how can you fix it?

   It doesn't go down.

Answer 2

The credit score of the person is going to go down because it would mean that they have no credit left.

What is a credit score?

This is a score that tells how a person is performing based on the credit that they apply for from financial services.

The credit score is going to go down because it would mean that they would be needing more credit.

If the score goes down the best way to make it rise is by making payments on time for the credit collected.

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Related Questions

what is a company market share​

Answers

A company's market share is its sales measured as a percentage of an industry's total revenues. You can determine a company's market share by dividing its total sales or revenues by the industry's total sales over a fiscal period. Use this measure to get a general idea of the size of a company relative to the industry.

I hope this helps! Good luck.

Select the correct answer.
Which technique helps you become more resourceful?
A.
looking at current trends
B.
looking for perfect solutions
C.
thinking like a child
D.
thinking more logically

Answers

Answer:

Thinking more logically

Answer:

it isnt think logically

Explanation:

When both the offeror and the offeree agree to all terms and conditions of the contract, this is known as
A. mutual assent
B. acceptance
C. counteroffer
D. offer​

Answers

Answer:

mutual assent

Explanation:

When communicating a complex idea, what is most important?

Answers

Answer:

You will need to present the information with exciting points and in an organized fashion.

Explanation:

Answer:

You will need to present the information with exciting points and in an organized fashion.

Explanation:

which of the following are NOT needed to calculate cost of goods sold
a. purchases and wages
b. purchases and salaries
c. wages and closing stock
d. wages and salaries​

Answers

Option c is correct.

the pool of free labor grew during the post-revolutionary period. identify the reasons for this growth.

Answers

There was a growth of free labor around the post-revolutionary period, this is as a result of Increased numbers of non - indentured immigrants that comes from Europe.

The post-revolutionary period can be regarded as the period that comes after the  Revolutionary War, and it brought about alot of change such as end of  of monarchical rule, and coming forth of religious fragmentation and economic flux.

This era, there was a pool of free labor as a result of the movement of non - indentured immigrants that comes from Europe which added to the indentured servants which are already  outliving their terms of required labor.

Therefore, the non - indentured immigrants  brought about increased labor.

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The entity’s manufacturing division, whose assets constituted 75% of its total assets at September 30, Year 5 (end of year), was sold on November 1, Year 5. The new owner assumed the bonded indebtedness associated with this property. How should this event be presented in the financial statements?

Answers

The event should be presented in the financial statements as follows:

1. The assets side of the balance sheet will be reduced by 75%, with its accompanying accumulated depreciation.

2. The bonded liability on the balance sheet is eliminated by the relevant amount.

3. The journal entry should debit the Bonded Liability and accumulated depreciation, while the assets worth 75% are credited.

4. If the bonded indebtedness is more than 75% of the assets, the company records a profit on disposal on the income statement. Otherwise, it records a loss. If they are equal, there is no profit or loss.

Thus, the difference between the debit and credit entries constitutes either profit or loss on disposal.

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If you could franchise a business - what business would you choose? (2-3 sentences)

Answers

Answer:

I would choose the Franchise Dunkin Donuts since many people get hungry in the morning. And since plenty of people work in the day times. It would be a mastermind full proof plan of sweet success.

Explanation: In Russia dog does not eat your homework, I do.

features of government​

Answers

Answer:

Key features of the democratic governments are:

People choose their own representatives to the parliament.

Free and fair elections are held at regular intervals.

Judiciary is independent of the control of executive and legislature.

There is an increased participation of people in political processes.

Explanation:

that the answer hope it helping

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the shape of the product life cycle for the natural and organic confectionary product category indicates a short introductory stage, relatively quick growth stage, and a projected lengthy maturity stage. given this information, justin’s knows it must lock in distribution quickly since competitors will likely be following quickly. what type of products are natural and organic confectionaries?

Answers

Answer:

low-learning products

Which interest rate will earn the largest return on $1,000?

A. Simple interest at 5 percent

B. Simple interest at 3 percent

C. Compound interest at 3 percent

D. Compound interest at 5 percent

Answers

Answer: A

Explanation:

separation of duties is important for internal control of

Answers

Answer:

Explanation:

Both cash payments and cash receipts.

The garment industry is an example of which type of production?​

Answers

Answer:

What are the different production systems used in the garment industry?

Mostly used production systems in the garment industry are as follows.

Make Through System. ...

Progressive Bundle System. ...

Section Production System. ...

Modular Production System. ...

One Piece Flow System. ...

Overhead Production System (UPS -Unit Production system)

Explanation:

i think might help

what is the source of income for the four sectors of the economy

Answers

Answer:

Consumer, Investment, Government, and Foreign.

Explanation:

Consumer:

Personal disposable income

Investment:

Retained earnings

Government:

Indirect business taxes, Corporate income taxes, Social Security contributions, and Individual Income taxes.

Foreign:

No specified source of income but is instead represented by the difference in goods sent abroad and goods purchased from abroad.

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What else can a digital wallet be used for?

Answers

Answer:

Explanation:

Digital wallets can be used in conjunction with mobile payment systems, which allow customers to pay for purchases with their smartphones. A digital wallet can also be used to store loyalty card information and digital coupons.

Which of the following is a characteristic of a service?
A. Can be stored
B. Can be repeated in exactly the same way
C. Mass produced
D. Intangible

Answers

Answer:

D.Intangible

Explanation:

Because three characteristics of service are: intangibility, inseparability, variability

The correct answer is D. Intangible.  is a characteristic of a service

What are services

Services are intangible in nature. This means that they do not have a physical presence and cannot be touched or held like physical goods. This is one of the key characteristics that differentiates a service from a product.

Options A, B, and C are typically characteristics of goods, not services:

A. Services cannot be stored for later use like physical goods.

B. Due to the human aspect involved in delivering services, they may not be repeated in exactly the same way each time.

C. Services are generally customized to the individual customer and are not mass-produced in the same sense as physical goods.

Option D is therefore a service characteristic.

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How does your credit score impact the personal loan options you have
available?

(Put the correct answer )

Answers

Answer:

bad credit score would negatively affect your loan options because the bank won't see you as someone who can pay it back on time

identify characteristics of notes payable that are not common to accounts payable.

Answers

Notes payable and Accounts payable are both used to represent the obligations that a company has to an entity. They are however different in certain ways such as:

Payment period Conversion Entities owed

The following are differences between notes payable and accounts payable:

Payment period - Accounts payable are to be paid in less than a year whereas Notes payable can either be less or more than a year.

Conversion - Accounts Payable can be converted to a notes payable if the company is unable to pay them off in time. A Notes payable on the other hand, cannot be converted to an Accounts payable.

Entities owed : Accounts payables are owed to suppliers of the company but Notes payable are owed to financial institutions.

In conclusion, notes payables and accounts payables have several differences.

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Do you guys know any specific issues that affect businesses?? If so please name any!!! It’s urgent :)

Answers

political - For example, new legislation

economic - For example, inflation and unemployment

social - Changes in taste and fashion or the increase in spending power of one group, for example, older people

technological - For example, being able to sell goods online or using automation in factories

environmental - For example weather conditions affecting sales or production and growing interest in being ‘green’ , for example by recycling

competitive - The impact of a rival firm which may have a similar product or which may lower its prices.

BBC Bite Size.

Please mark BRAINLIEST.

can you give me example about Perfect cube​

Answers

Answer:

square prisms

Explanation:

it is square prism

What happens if a monopolist increases the price of a good?

Answers

Answer:

By contrast, because a monopoly is the sole producer in its market, its demand curve is the market demand curve. If the monopolist raises the price of its good, consumers buy less of it. Also, if the monopolist reduces the quantity of output it produces and sells, the price of its output increases.

Explanation:

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which market structure is defined by a single producer?

Answers

Answer:

Monopoly. A condition that has none of the requirements for a competitive market such as adequate competition, knowledge of prices and opportunities, mobility of resources, and competitive profits is called a(n)

Explanation:

Hope it helps

models of competitive markets are helpful in understanding real-world markets. to help you to better understand competitive markets, it is important to understand economic efficiency. sort the descriptions below into whether they are characteristics of productive or allocative efficiency.

Answers

Productive efficiency focuses on the cost of production while allocative efficiency focuses on the distribution of the products.

In economics, the efficiency or productivity of a business is classified into two types:

Productive efficiency.Allocative efficiency.

These two types of efficiency focus on different aspects of production and selling goods and services.

Productive efficiency: This type implies producing goods at the lowest cost possible. This means:

Avoiding unnecessary costs.Controlling costs when the number of units increases.

Allocative efficiency: This type implies selling or allocating the products in society. This means:

Considering the maximum amount the customer can pay for a product (marginal benefit).Making the cost of production equal to the marginal benefit.

Note: This question is incomplete because the statements that need to be classified are not provided; due to this, I answered the question based on general knowledge.

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I WILL GIVE BRAINLIEST!!!!! THIS IS UP FOR THE MOST AMOUNT OF POINTS POSSIBLE!!!!!!!! ANY FALSE ANSWERS OR LINKS WILL BE REPORTED!!!!! PLEASE HELP ME!!!!!!!!!!
Louise is a marketing administrator at a financial institution. She has spent most of her busy day in meetings. She had a long department team meeting during the first half of the day. After lunch, she had a cross-departmental team meeting, followed by an administrative team meeting.

A. What type of employees were likely present at each of the three meetings? Provide an example of what each meeting might have been about.

B. Louise was assigned as team leader of the cross-departmental team. Since the team involves individuals who are all quite different, what kind of group dynamics should Louise watch out for? What can she do to ensure the team stays productive and motivated?

Answers

Answer:

A. 1. department team

2.  cross-departmental team

3. administrative team

B. Louise needs to pay close attention to the individuals who are all "quite different." Louise must monitor each staff member accordingly to ensure that that team stays productive.

Explanation:

3. How do the ultra rich use charitable giving to make sure they pay less taxes?

Answers

Because when you donate to a charity it will not be taxed so you can put your money somewhere without it being taxed with it going somewhere good

competitive price-taker markets and purely competitive markets are:

Answers

Answer:

While a competitive market determines the equilibrium point by staying in tune with the supply and demand curves, a perfectly competitive market does not have that luxury. A perfectly competitive market must accept the price point and must only decide how much to sell.

Explanation:

The production function gets flatter, while the total cost curve gets steeper due to the fact that Group of answer choices at lower levels of production firms require more inputs to increase production by the same amount as compared to higher levels of production. at higher levels of production firms require more inputs to increase production by the same amount as compared to lower levels of production. at higher levels of production firms require less inputs to increase production by the same amount as compared to lower levels of production.

Answers

The production function gets flatter, while the total cost curve gets steeper due to the fact that C. at higher levels of production firms require less inputs to increase production by the same amount as compared to lower levels of production.

The production function shows the relationship that exists between the inputs and the outputs during the production of a product.

It should be noted that diminishing marginal product is vital for explaining why the increase in the output of a firm results in the production function getting flatter. Also, the total curve becomes steeper.

Therefore, at higher levels of production, firms require fewer inputs to increase production by the same amount.

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You are a manager of a water park. Customers
have been complaining about the long lines and
discourteous service they have been receiving
from employees. To close the customer service
gap, write 3 things that employees can do to
offer better customer service.

Answers

I. Have the employees be more observant of customer needs and lines.

II. Ask customers how they are doing at the park and if they have questions.

III. Welcome customers in to every ride, booth, and every other entertainment at the park.

what is the primary source of fuel in south america

Answers

The primary source of fuel in South America is petroleum.

In Europe, schoolchildren devote time during each school day to calisthenics. North American schools rarely offer a daily calisthenics program. Tests prove that North American children are weaker, slower, and shorter-winded than European children. We must conclude that North American children can be made physically fit only if they participate in school calisthenics on a daily basis. Which one of the following is assumed in the passage?

a. All children can be made physically fit by daily calisthenics.
b. All children can be made equally physically fit by daily calisthenics.
c. Superior physical fitness produces superior health.
d. School calisthenics are an in indispensable factor in European children’s
e. North American children can learn to eat a more nutritious diet as well as to exercise daily.

Answers

Answer:

ummmm...

Explanation:

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