Answer: Financial Capacity or credit capacity
Explanation:
The ability to repay refers to an individual's financial capacity to make good on a debt. By definition, credit capacity refers to how much credit you are able to handle. In deciding whether you qualify for a particular loan, your income is considered along with any other expenses and debts you may have.
Many lenders have a minimum credit score requirement before an applicant can be eligible for a new loan approval. Minimum credit score requirements will vary from lender to lender and from one loan product to the next. The general rule is the higher a borrower's credit scores, the higher the likelihood of receiving an approval. Lenders also regularly rely upon credit scores as a means for setting the rates and terms of loans. The result is often more attractive loan offers for borrowers who have good-to-excellent credit.
Answer: Cross functional team
Explanation:
Cross functional team could be defined as a team of people from their parent department in an organization, coming together to work for another purpose. This is a scenario were people in addition to their existing department's in organization work for another function. This works for short term committee, to meet up a project or task.
Answer:
American opportunity tax credit is $ 2500 & lifetime learning credit is $2000
Explanation:
a student who qualifies for american opportunity credit can claim a credit of upto $ 2500 for adjusted qualified education expense paid for each student.
lifetime learning credit is for post secondary courses and for adults and also for continuing education courses. the credit is $ 2000 per year and not per student.
The Jones family can claim a total of $4,700 in American Opportunity and Lifetime Learning tax credits for their education expenses. This includes $2,500 for Sally's undergraduate expenses under American Opportunity Credit and $2,200 for Tommy's and Mom's expenses under the Lifetime Learning Credit.
The Jones family can claim tax credits for education under the American Opportunity Credit (AOC) and the Lifetime Learning Credit (LLC). However, these credits have different rules and limitations.
For Sally, as she is a sophomore (undergraduate), her education expenses are eligible for the American Opportunity Credit. This credit is worth up to $2,500 per eligible student, 100% of the first $2,000 of qualified education expenses and 25% of the next $2,000. Here, considering Sally's expense of $5,000, she would be eligible for the full credit of $2,500.
Tommy, being in grad school, is not eligible for the AOC, but he can claim the Lifetime Learning Credit (LLC). The LLC allows a credit of up to $2,000, which is calculated as 20% of the first $10,000 of qualified education expenses. In Tommy's case, this would equate to a credit of $1,400 (20% of $7,000).
The Mom, who goes back to school, is also eligible for the LLC, providing a credit of $800 (20% of $4,000).
Hence, the total credit the Jones family can claim would add up to $4,700 ($2,500 from AOC for Sally and $2,200 from LLC for Tommy and Mom combined).
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Based on the present values of the personal loan of $2,500 at their different duration and interest rates, the cheapest loan is a. Loan A.
Data and Calculations:
Loan Duration (Months) Interest Rate Payments Total Interest
Monthly Total Expense
A 12 9. 50% $219.21 $2,630.51 $130.51
B 24 8. 75% $113.93 $2,734.21 $234.21
C 36 7. 75% $78.05 $2,809.90 $309.90
D 48 6. 60% $59.40 $2,851.33 $351.33
Personal loan amount = $2,500
Thus, Loan A is the cheapest because it has the highest present value and the lowest interest expense.
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B. grow through innovation.
C. reach economic equity.
D. allow the central government to make economic decisions.
To improve its standard of living, a nation’s economy must reach economic equity. It is important that everyone has the capability to access basic services and amenities in a country. Such access is an indicator or a person’s ability to earn wealth.
To improve its standard of living, a nation’s economy must grow through innovation. (Option B).
To improve its standard of living, a nation's economy must focus on growth through innovation. Economic growth enables a country to produce more goods and services, leading to increased prosperity and higher standards of living for its citizens.
Innovation plays a crucial role in driving economic growth as it leads to the development of new technologies, products, and processes that can enhance productivity and efficiency across various sectors. By fostering an environment that encourages innovation, a nation can create new opportunities for businesses, create jobs, and improve the overall quality of life for its people.
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Answer:
operating exposure
Explanation:
Based on the scenario being described within the question it can be said that the term being mentioned is known as operating exposure and deals with the company's operations over various months or years and the changes incurred due to unexpected changes in the exchange rate. The exchange rate is the price at which one currency is traded for another. Drastic changes in these rates can cause assets value to decline drastically.
Answer:
The balance in retained earnings at the end of the year will be $70,300.
Explanation:
Retained earning beginning balance = $46,600
Net Income for the year = $50,900
Dividend Paid = $21,200
Retained earning Ending balance = Retained earning beginning balance + Net Income for the year - Dividend paid during the year
Retained earning Ending balance = $46,600 + $50,900 - $21,200
Retained earning Ending balance = $70,300
So, the balance in retained earnings at the end of the year will be $70,300.