Why is it best to request changes of
incorrect information in your credit
report by letter rather than by phone?

Good credit affects what kind of employment you get and how much you spend for goods and services. Hence option B is corrrect .

What is Good credit equals power ?

A high credit score—760 or higher—could provide you with significant financial benefits like increased possibilities, reduced interest rates, and more lender options.

When you need a loan, having high credit often makes it easier for you to find one. You have probably never been denied for a credit card, auto loan, or mortgage. However, your credit score prevents you from qualifying for the lowest interest rates from lenders when you do acquire loans or establish new lines of credit.

People with good credit are frequently given cheaper interest rates in addition to better loan acceptance rates. You can save a lot of money over the long run by paying less interest on your loan.

Learn more about Good credit power here

https://brainly.com/question/14275599

#SPJ9

The correct option is option A

If the interest paid on an account is 14% compounded annually, $4652 now is basically equivalent to $12,000 six (6) years from now.

To calculate the present value of $12,000 in six years, we can use the formula:

Present Value = Future Value / (1 + r)n

Where,

Future Value is $12,000

r is the annual interest rate (14%)

n is the number of years (6 years)

Therefore,

Present Value = 12000 / (1 + 0.14)6

Present Value = $4,652

The present value (PV) of a future stream of payments is a financial concept that relates to its current value. In other terms, it is the amount of money that a certain amount of money is currently worth. The PV is calculated by multiplying the future payments by a fixed rate of return. Typically, the rate of return chosen is the investor's necessary rate of return.

For such more question on Present value:

https://brainly.com/question/20813161

#SPJ4

Move the Demand up on the scale up D2 Up 1 unit. Increase in price of coffee decreases the demand of donuts.

The economics concept of demand describes the consumer's desire to purchase the good or service. The price that consumers are willing to pay for the good or service is used to determine demand.

Demand should increase as prices decrease and decrease as prices rise, if all other variables remain constant. This straightforward idea maintains market stability.

To comprehend the demand for products and services, market and aggregate demand are used. There is a downward slope to the demand curve.

Demand decreases as the price rises. Similar to demand, supply also has an increasing slope. The supply increases as the price rises.

Learn more about Demand, here

https://brainly.com/question/29703449

#SPJ9

The total change in demand resulting from the initial decrease in government purchases of $250 billion is -$125 billion.

This is due to the multiplier effect, which is the effect of a change in spending or income on the total amount of spending or income in the economy.

When the government decreases its purchases, there is an initial decrease in income of $62.5 billion, which decreases consumption by the same amount. This then leads to a further decrease in income, leading to a second change in consumption of an additional -$62.5 billion. The total change in demand resulting from the initial decrease in government spending is therefore -$125 billion.

Learn more about government purchases at: https://brainly.com/question/25125137

#SPJ11

In order to be more effective and give an economy a competitive advantage .  Hence option B is correct

Specialisation in economics refers to the process through which an organisation concentrates its labour and resources on a certain type of production.

Economic specialisation may be advantageous to businesses across a range of sectors. These are a few explanations for why specialisation in economics can be crucial.

By demonstrating mastery and in-depth knowledge of one particular product, service, or operational process, economic specialisation can assist a business in appealing to a wider spectrum of potential clients.

If a customer is confused which firm to buy from, they may be more inclined to choose a company that is the acknowledged authority in its industry rather than a company that provides a variety of goods.

Learn more about Specialization economy here

https://brainly.com/question/14563164

#SPJ9

This question is Incomplete full question is as follow

Supply, demand, elasticity, comparative advantage, consumer surplus, and deadweight loss are all terms that are part of the economist's language.

Economists use some familiar words in specialized ways.

The value of the economist's language lies in its ability to provide you with a new and useful way of thinking about the world in which you live.

Economics has its own language and its own way of thinking, but few other fields of study do.

The Environmental Protection Agency (EPA) is particularly concerned with the right to clean air and water, which are essential for human health and the environment.

Generally, The EPA works to protect public health and the environment by implementing and enforcing regulations on air and water pollution, toxic chemicals, and other environmental issues.

For example, the EPA sets standards for air and water quality and works with states and other stakeholders to implement programs to meet those standards. This helps ensure that all people have access to clean air and water, which are essential for human health and well-being.

The Federal Communications Commission (FCC) is also concerned with human rights, specifically the right to access to communication and information.

The FCC is responsible for regulating interstate and international communications by wire and radio, and it works to ensure that all people have access to affordable, reliable, and high-quality communication services.

This includes access to the internet, which is becoming increasingly important for individuals and communities to participate in the modern economy and society. The FCC also works to protect the privacy of communications and to prevent the abuse of power by communication companies.

Read more about Environmental Protection Agency (EPA

https://brainly.com/question/14671811

#SPJ1

The human rights issues discussed by the FDA is the right to good health for the general public.

The U.S. Food and Drug Administration (FDA) primarily focuses on protecting public health through regulation of food, drugs, medical devices, and other products. While the FDA does not directly address human rights issues, some of the regulatory decisions it makes can impact human rights.

For example, the FDA's approval or rejection of new medical treatments and technologies can have significant implications for access to healthcare and quality of life for individuals. The FDA's regulation of drugs and medical devices also raises ethical questions about the potential for harm to human subjects participating in clinical trials, and the agency has guidelines in place to protect the rights of study participants.

Read more on FDA here:https://brainly.com/question/24827164

#SPJ1

A sole proprietorship, also known as a sole trader or a proprietorship, is an unincorporated firm with just one owner who is responsible for paying personal income tax on the company's profits.

The sole proprietor is solely responsible for all losses and obligations and receives all gains (subject to business-specific taxes). The owner of the firm owns all of the company's assets, and he or she is also responsible for all of the company's liabilities; the company does not have a separate legal identity.

It is a "single" proprietorship as opposed to a partnership, which must have two or more owners. A trade name or business name different from the sole proprietor's or the business's legal name may be used. If their business name differs from their legal name, they might need to formally trademark it; the procedure will depend on where they live.

Learn more about Sole proprietorship here:

https://brainly.com/question/11718996

#SPJ9

Changes in the market share of smaller firms. The HHI takes into account the market share of all firms in an industry, not just the top N firms, making it a more comprehensive measure of market concentration.

The HHI takes into account the market share of each individual firm in an industry, whereas the N firm concentration ratio only considers the market share of the top N firms. This means that the HHI is more sensitive to differences in market power among firms. The HHI calculates the sum of the squared market shares of all firms in the industry, resulting in a higher score for industries with a smaller number of dominant firms and a lower score for industries with a more evenly distributed market share. This enables a more nuanced assessment of market power and competition within an industry.

To know more about HHI Calculates visit: https://brainly.com/question/18914277

#SPJ1

The equipment's book value at the end of the year is $12,000 There is no salvage value. How much depreciation has accrued throughout the course of the period?

What is the meaning of IT equipment?

IT equipment includes anything that is used to create, convert, or duplicate data or information, including computers, servers, ancillary equipment, phones, and other telecommunications devices. It also includes office supplies like photocopiers and fax machines. Equipment is a noncurrent asset, often known as a fixed asset. A long-term investment made by your organisation that is unlikely to or does not easily convert to cash within an accounting year is referred to as a noncurrent asset. In general, property, plant, and equipment are considered fixed assets (PP&E).

Know more about depreciation Visit:

https://brainly.com/question/15085226

#SPJ4

The term that is most likely result of a rapid increase in the money supply is b. I only

The amount of money in circulation in a nation has a significant impact on whether inflation happens. A government implements specific monetary and fiscal policies to advance the long-term welfare of its citizens as it assesses economic conditions, price stability objectives, and public unemployment. These monetary and fiscal measures could alter the amount of money in circulation, which could lead to inflation. When a nation's money supply expands more quickly than its economic output, inflation results.

The Federal Reserve injects capital into the economy by purchasing short-term securities from banks, which alters the money supply.

Therefore, option B is correct.

Learn more about  money at:

https://brainly.com/question/329739

#SPJ1

Answer:

Retained earnings.

Explanation:

Equity represents the ownership interest in a company and includes the value of the assets that remain after all the liabilities have been paid. Equity is composed of two main components: contributed capital and retained earnings.

Contributed capital represents the funds that have been invested in the company by its owners, such as through the sale of stocks or bonds. This capital is recorded on the balance sheet as stockholders' equity.

Retained earnings are the profits that a company has chosen to keep and reinvest in the business instead of distributing them as dividends to shareholders. This is recorded on the balance sheet as a part of stockholders' equity.

Together, contributed capital and retained earnings represent the ownership interest in a company and are used to calculate its net worth.

Here's a breakdown of the three options you have after winning 21 million and their financial implications.

Option (a) - Receive $1.05 million per year for the next 20 years:

This option would give you a steady stream of income for the next 20 years. However, you would not have access to the entire $21 million upfront. The total payout over 20 years would be $21 million, which means that the present value of this cash flow using a 13% discount rate would be approximately $6.36 million.

Option (b) - Have $8.25 million today:

This option would give you the largest lump sum of cash upfront. However, you would not have access to the remaining $12.75 million that you would have received under Option (a) or (c). The present value of $8.25 million using a 13% discount rate would be approximately $8.25 million.

Option (c) - Have $2.25 million today and receive $750,000 for each of the next 20 years:

This option would give you access to some of the cash upfront and a steady stream of income for the next 20 years. The total payout over 20 years would be $17.25 million, which means that the present value of this cash flow using a 13% discount rate would be approximately $5.21 million. Additionally, the $2.25 million that you would receive upfront would have a present value of approximately $2.25 million.

Based on the present value calculations, Option (b) - taking the $8.25 million upfront - would provide you with the highest present value of cash.

To know more about income:

https://brainly.com/question/17961582

#SPJ4

The rate of return or yield on the savings account is 5 percent.

The gain or loss of an investment over a specific time period is known as a Rate of Return (ROR). In other terms, the rate of return, which is commonly stated as a percentage, is the gain (or loss) compared to the cost of an initial investment. When the ROR is positive, the investment is said to have made money; when the ROR is negative, it has lost money.

The rate of return or yield on the savings account can be calculated using the following formula:

yield = (interest earned / initial investment) x 100%

In this case, the initial investment or principal is $500, and the interest earned is $25. So, substituting these values into the formula, we get:

yield = (25 / 500) x 100% = 0.05 x 100% = 5%

For more such questions on Rate of interest

https://brainly.com/question/25845758

#SPJ4

Cheryl is single, has one child (age six), and files as head of household during 2022. Her salary for the year is $21,700. She qualifies for an earned income credit of the $3,493. Thus, option (d) is correct.

Earned Income Tax Credit (ETC) was the main motive to the low- to moderate-income workers and the tax was the break to the earned to the income on the tax break. It was the based on the retirement income, unemployment benefits, alimony, and the child support.

According to the earned income credit was the Cheryl is single child are the age is six. The head of the qualifies for an earned income credit of the $3,493. Her salary was the $21,700.

The maximum amount of credit for Tax Year 2022 is:

As a result, the significance of the earned income credit are the aforementioned.

Learn more about on earned income credit, here:

https://brainly.com/question/14988037

#SPJ9

The person who is underemployed, discouraged, and has looked for a

job in the past year is included in the U-6. The U-6 rate includes discouraged, underemployed, and unemployed workers in the country.

The percentage would fall if discouraged unemployed workers increased. This is because to the fact that discouraged employees are not included in the labor force or the unemployment rate. As a result, both will lose value. The ratio of the two, which is the unemployment rate, will decrease as a result.

The proportion of labor force members who are not employed but are actively seeking employment is measured by the unemployment rate. The four-week period in which a person did not actively seek employment is excluded from this measurement.

A change in an economy's economic cycle can lead to cyclical unemployment, which is a lack of employment.

To know more about unemployment visit:

https://brainly.com/question/305041

#SPJ1

1.  The type of return to scale is an increasing returns to scale.

2.  The isoquant is concave to the origin which means it is convex to the input space (K,L).

a. To determine the type of return to scale, we can examine the impact of increasing all inputs in the long run. The long run production function is Q=6K^2L^2, so if we increase K and L by a factor of n, we get:

Q=6(nK)^2(nL)^2

Q=6n^2K^2L^2

The output has increased by a factor of 6n^2, which means that the production function exhibits increasing returns to scale.

To derive the isoquant equation, we can set the production function equal to a constant level of output, say Q0:

Q0=6K^2L^2

Solving for L, we get:

L = SQRT(Q0/6K^2)

This equation shows the combinations of capital and labor that produce a given level of output. To show that the isoquant is negatively sloped, we can take the partial derivative of L with respect to K:

dL/dK = (-SQRT(Q0/6))(4K^2)^(-3/2) = -SQRT(Q0/6)/(4K^2) < 0

This shows that as we increase the amount of capital (K), we need to decrease the amount of labor (L) to keep output constant. In other words, the isoquant is negatively sloped.

To show that the isoquant is convex to the origin, we can take the second derivative of L with respect to K:

=> d^2L/dK^2 = 3SQRT(Q0/6)(4K^2)^(-5/2)

= 3SQRT(Q0/6)/(16K^4) > 0.

This shows that the isoquant is concave to the origin, which is the same as saying that it is convex to the input space.

Read more about return to scale

brainly.com/question/30450742

#SPJ1

Sana Gill's $1,000 drawing is debited, and $1,000 in cash is credited.

A business's debits and credits show where value is coming into and going out of it. To maintain the balance of a company's books, they must be equal. Accounts for assets, expenses, and losses gain value as a result of debits. The value of the liability, equity, revenue, and gain accounts is increased by credits. Debits in double-entry accounting refer to money coming in, and credits to money going out. A credit of equal amount must be present in another account for every debit in the first account. A debit is an accounting entry that affects a company's balance sheet by increasing assets or decreasing liabilities. In basic accounting, credits that operate in the inverse direction of debits balance each other out.

To know more about debit and credit Visit:

brainly.com/question/12269231

#SPJ1

The correct option is C. According to the table for a time of 12 months and at a rate of 15%, the interest per $100 is $15. Therefore, for a principal of $2200, the interest will be $ 330

 (2200/100) × 15

 = $ 330

In finance and economics, a hobby is a charge from a borrower or deposit-taking monetary organization to a lender or depositor of an amount above reimbursement of the fundamental sum (that is, the quantity borrowed), at a selected price. it's far awesome from a price that the borrower can also moreover pay the lender or a few 1/3 birthday celebrations.

it is also awesome from a dividend that's paid with the aid of an enterprise to its shareholders (owners) from its earnings or reserve, however no longer at a selected charge decided ahead, as a substitute on a pro-rata foundation as a share within the praise gained by means of chance taking entrepreneurs when the revenue earned exceeds the overall charges. for example, a consumer would generally pay hobby to borrow from a financial institution, in order that they pay the bank an amount that's extra than the amount they borrowed; or a consumer may also earn hobby on their financial savings, and so they may withdraw extra than they in the beginning deposit.  In the case of monetary savings, the consumer is the lender, and the financial institution performs the location of the borrower.

To learn more about Interest visit here:

brainly.com/question/30393144

#SPJ4

Complete Question:

Darlene will borrow $2200 at 15% APR. She will pay it back in 12 months. How much interest will she pay? Use the table.

A. $154.00

B. $286.00

C. $330.00

D. $412.50

For North American employees, farmers, ranchers, and businesses, the USMCA, which replaced the North America Free Trade Agreement (NAFTA), is a win-win situation.

What drawbacks exist with the USMCA?

Because the USMCA maintains investor-state dispute settlement (ISDS) procedures in the energy sector, which critics allege favor industry interests, and because it does not clearly tie the pact's commitments to particular MEAs, they argue that the agreement has not made enough progress.

What does the USMCA abolish?

Canada will eliminate milk price classes 6 and 7 six months following the USMCA's implementation.

                             Canada will make sure that the cost of the skim milk solids used to make nonfat dry milk, milk protein concentrates, and infant formula is fixed at a price that isn't less than what nonfat dry milk costs in the US.

Learn more about the USMCA

brainly.com/question/30138330

#SPJ1

The values of the amount will be:

1. Change in total cash = $0

2. Ending cash amount = $0.41 billion

3. Amount of outflows = -$0.65 billion

4. Amount of outflows = -$0.99 billion

5. Amount of inflows = $0.39 billion

1 Total change in cash = Operating cash flows + Investing cash flows + Financing cash flows

= $3.59 + $0.59 - $4.18

= $0 billion

2.) Total change in cash = Operating cash flows + Investing cash flows + Financing cash flows

= $1.39 - $0.29 - $1.38

= $0.28 billion (Decrease)

Beginning cash balance = $0.69

Ending cash balance = Opening balance + Change in cash flow during the year

= $0.69 - $0.28

= $0.41 billion

3.) Cash flows from financing activities = Total change in cash flows - Operating cash flows - Investing cash flows

= $0.05 -$0.08 - $0.62

= - $0.65 billion

4.) Cash flows from Investing activities = Total change in cash flows - Operating cash flows - Financing cash flows

= $0.01 - $0.59 - $0.41

= -$0.99 billion

5.) Cash flows from Operating activities = Total change in cash flows - Investing cash flows - Financing cash flows

= $0.01 - (-$1.40) - $1.02

= $0.39 billion

Learn more about cash flow on:

https://brainly.com/question/24179665

#SPJ1

A The indifference curve is negatively sloped to the right because as the consumer increases consumption of one good (e.g. X), they must decrease consumption of the other good (Y) in order to maintain the same level of utility. This leads to a downward slope of the indifference curve.

B. The indifference curve is convex to the origin because the marginal rate of substitution (MRS) between the two goods decreases as the consumer increases consumption of one good. This diminishing MRS implies a convex shape of the indifference curve.

C. To find the optimal combination of goods, we can use the Lagrange method:

Max U(X,Y) = √X² + Y²

Subject to the budget constraint: 3X + 4Y = 200

The Lagrangian function is:

L = √X² + Y² + λ(200 - 3X - 4Y)

Taking partial derivatives with respect to X, Y, and λ and setting them equal to 0, we get:

dL/dX = X/√(X²+Y²) - 3λ = 0

dL/dY = Y/√(X²+Y²) - 4λ = 0

dL/dλ = 200 - 3X - 4Y = 0

Solving these equations, we get:

X/√(X²+Y²) = 3λ

Y/√(X²+Y²) = 4λ

3X + 4Y = 200

Squaring the first two equations and adding them, we get:

X² + Y² = 25λ²

Substituting this into the budget constraint, we get:

3X + 4Y = 200

3X + 4Y = 200

3X + 4(5λ√(X²+Y²)) = 200

3X + 20λX = 200

X = 40/(3 + 20λ)

Substituting this back into the budget constraint, we get:

3(40/(3 + 20λ)) + 4Y = 200

Y = 50/(3 + 20λ)

Therefore, the optimal combination of goods is:

X = 40/(3 + 20λ)

Y = 50/(3 + 20λ)

To find the value of λ, we can substitute X and Y into the budget constraint and solve for λ:

3X + 4Y = 200

3(40/(3 + 20λ)) + 4(50/(3 + 20λ)) = 200

120 + 160 = 600 + 800λ

λ = -1/20

Substituting λ back into X and Y, we get:

X = 40/2 = 20

Y = 50/2 = 25

Therefore, the optimal combination of goods is (X,Y) = (20,25), and the slope of the indifference curve at this point is equal to the slope of the budget line, which is -3/4.

Learn more about indifference curve on:

https://brainly.com/question/24302783

#SPJ1

Core competencies refer to a company's unique strengths or strategic advantages that allow it to perform better than its competitors in a given market.

These competencies could be skills, technology, expertise, intellectual property, or other strategic assets that enable a company to deliver superior value to its customers. A company's core competencies are typically difficult for competitors to imitate or replicate, and they provide a sustainable competitive advantage over the long term. For example, a company like Apple may have core competencies in design and innovation, while a company like Walmart may have core competencies in supply chain management and operational efficiency. Identifying and leveraging core competencies is important for companies to stay competitive and grow in their respective markets.

To learn more about Core competencies please click on below link.

https://brainly.com/question/30691072

#SPJ4

The measure of the market value of all final goods and services produced in the world/global during a particular period, usually a year, is called the gross world product.

Gross World Product (GWP) is the combined gross/total national income of all countries in the world. This is also equivalent to the sum of the world's Gross Domestic Product (GDP), as exports and imports are exactly balanced for the world as a whole.

Gross domestic product is the monetary value of all finished goods and services produced within a country over a specified period of time.

GDP provides a snapshot of a country's economy used to estimate the size of the economy and its growth rate.

GDP can be calculated in three ways using expenditure, production, or income, and adjusted for inflation and population for greater insight.

Real GDP takes into account the effects of inflation, but nominal GDP does not.

To know more about gross world product, here:

https://brainly.com/question/13580641

#SPJ4

Accounting profit is $34,000. Economic profit is - $7,000. Explicit cost are cost incurred in the course of running a business.

Explicit costs are regular business expenses that are recorded in the general ledger of a firm and have a direct impact on its profitability. They have specific monetary values that are carried over to the income statement.

Wages, leasing payments, utilities, raw materials, and other direct costs are a few examples of explicit costs. Only explicit costs are taken into account when determining a company's profit because they clearly have an impact on its bottom line.

Depreciation is an explicit cost even if it cannot be directly linked to the cost of the underlying corporate asset because it cannot be physically traceable. The residual income that is left over after all explicit costs have been covered by a business's net income (NI).

Learn more about Explicit cost, here

https://brainly.com/question/27042286

#SPJ9

The inflation premium on a 5-year bond is 2.67%.

Inflation is described as a price increase that leads to a loss of purchasing power over time. The average price rise of a basket of selected goods and services over time may indicate the pace of reduction in purchasing power. The price rise, which is commonly expressed as a percentage, indicates that a unit of money now buys less than it did previously. Inflation differs from deflation, which occurs when prices fall while purchasing power grows.

Inflation will be 5% next year, 6% the year after, and 7% after that.

Inflation Premium = [5.00% + 6.00% + 3 * 7.00%] / 12

Inflation Premium = 32.00% / 12

Inflation Premium = 2.67%

To learn more about inflation, click

https://brainly.com/question/28190771

#SPJ1

Option b is the correct option.

Webmax Inc. produced and marketed cameras. After considerable research and development, they developed a new digital camera that had an array of new features. Webmax was so sure about the new offering that they even reduced their marketing budget.

The orientation that Webmax Inc. has toward the marketplace is a product orientation. They have developed a new digital camera with an array of new features and are confident that it will be successful in the market. By reducing their marketing budget, they are relying on the strength of their product to sell itself. This approach is characteristic of a product orientation, which prioritizes the development of high-quality products over other aspects of the marketing mix such as promotion and pricing.

For more such type of questions on development:

https://brainly.com/question/28156728

#SPJ4

The interpersonal communication model that caused the breakdown in communication between Jane and the customer includes the busy business environment. So (b) is the correct answer.

The term "business environment" refers to the sum or collection of all internal and external factors, including people working in the company, customer needs and expectations, supply and demand, management, clients, suppliers, and owners, as well as government actions, technological innovation, social trends, market trends, and economic changes. These elements have a direct or indirect impact on how a firm operates and performs its functions. These factors taken together have an impact on the environment and situation of businesses or corporate entities.

Business environment increases overall performance, growth, and profitability of the organisation by assisting in the identification of business prospects, utilising helpful resources, and assisting in planning. Business environments come in a variety of forms, including macro and micro environments.

Visit here to learn more about Business environment: https://brainly.com/question/28962722

#SPJ4