Credit scoring is
A) quite expensive for the lender.
B) not a flawless method of determining creditworthiness.
C) an inefficient but necessary process.
D) all of the above.
Answer: B
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An ________ is an estate in which the owner has a present possessory interest in the real property
A) estate pour autre vie B) freehold estate C) future interest D) easement
For Proposal 3, the initial outlay equals ________. (See Table 11.2)
A) $170,400 B) $211,000 C) $196,000 D) $300,000
Steffen Corporation has three products with the following characteristics: Product AProduct BProduct CMonthly sales in dollars$120,000 $160,000 $200,000 Contribution margin ratio 20% 40% 16% The overall contribution margin ratio for the company as a whole is closest to:
A. 28.5% B. 75.0% C. 35.3% D. 25.0%
Houseal Corporation has provided the following data from its activity-based costing system:Activity Cost PoolTotal CostTotal ActivityAssembly$613,25055,000machine-hoursProcessing orders$46,1701,500ordersInspection$146,1101,900inspection-hoursData concerning one of the company's products, Product W58B, appear below:? Selling price per unit$113.70Direct materials cost per unit$48.14Direct labor cost per unit$11.62Annual unit production and sales 360Annual machine-hours 1,040Annual orders 60Annual inspection-hours 30According to the activity-based costing system, the product margin for product W58B is:
A. $3,668.60 B. $19,418.40 C. $5,975.60 D. $5,515.40