Harold and elaina are being considered for a car loan. the banker looks at their creditworthiness because he wants to be sure the bank will get the loan payments on time and that the loan will be paid back in full. the table below summarizes the information that was on their applications. application information questions harold elaina how many years have you had your job? 3 7 what is your monthly salary? $2,600 $2,250 how many credit cards do you have? 2 6 how much debt do you have? $3,000 $12,000 how many times were you late with payments on credit cards in the past year? 1 8 who will get the better loan rate from the banker and why? elaina because she has more credit cards available to her. elaina because she has had her job longer, which makes her look more stable. harold because he makes more money per month. harold because he pays his bills on time and does not have too much debt compared to his income.

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.