The following figures are from a junior sportswear department: Markdowns - $12,000, purchases (retail) - $315,000, returns to vendors - $20,000, transfer in (retail) - $8,000, transfer out (retail) - $4,000, net sales - $265,000, and opening book inventory (retail) - $180,000. How would the opening retail inventory for the coming six-month period be determined?

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.