Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

Which of the following tips will NOT help you maintain or increase your credit score?

Opening several new credit accounts at once

Keeping your credit card balances low relative to your credit limit

Paying your bills on time each month

Regularly checking your credit report for errors

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Verified step by step guidance

Understand the concept of a credit score: A credit score is a numerical representation of your creditworthiness, based on your credit history. It is influenced by factors such as payment history, credit utilization, length of credit history, types of credit, and recent credit inquiries.

Analyze the options provided: Review each option to determine whether it positively or negatively impacts your credit score. For example, paying bills on time and keeping credit card balances low are generally positive behaviors for maintaining or increasing your credit score.

Evaluate the impact of opening several new credit accounts at once: Opening multiple new accounts in a short period can negatively affect your credit score because it may lead to hard inquiries on your credit report and reduce the average age of your credit accounts.

Consider the importance of regularly checking your credit report for errors: Monitoring your credit report helps you identify and dispute inaccuracies that could harm your credit score. This is a proactive step to maintain or improve your score.

Identify the behavior that does NOT help maintain or increase your credit score: Based on the analysis, opening several new credit accounts at once is the action that does not contribute positively to your credit score.