Discuss the Factors That Are Used in Determining Credit Scoring

question 83

Essay

Discuss the factors that are used in determining credit scoring in the FICO model.

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Definitions:

Year-End Inventory

The total value of a company's inventory at the end of its fiscal year.

Consignee's Location

The address or place where goods are to be delivered, typically belonging to the person or entity that will receive the goods.

Gross Profit Rate

An economic indicator that calculates the ratio of net income to sales revenue after deducting the cost of goods sold.

Net Sales

Revenue from sales minus returns, allowances, and discounts.