M8-1 (Algo) Evaluating the Decision to Extend Credit [LO 8-1] Nutty Productions Incorporated generated service revenue of $66,000 and income from operations of $28,000. The company estimates that, had it extended credit, it would have instead generated $114,000 of service revenue, but it would have incurred $43,000 of additional expenses for wages and bad debts. Required: 1-a. Using these estimates, calculate the amount by which Income from Operations would increase (decrease). 1-b. Should the company extend credit

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;

answer$22,000 ;

credit history is used by lenders to determine whether you are a 'risky' person to give their money to.

having a short history provide very little data for the lenders. they wouldn't be able to determine your credit behavior from such a small samples. even if they are perfect.

having long credit history with few blemishes provide larger and more accurate data for the lenders to predict your credit behavior.