Which elements in your report do you think would have a positive impact on your credit score and which elements would have a negative impact on your credit score?

The elements in a report that would have a positive impact on one’s credit score include timely payments, a low balance-to-limit ratio, and no outstanding collection accounts. Payments made on time show lenders that your ability to pay back debts is reliable and consistent, which can be a big plus for people looking to borrow. The low ratio of balances to credit limits indicates you use less available credit, and that your debts are kept at a manageable level. Last, no collection accounts show that you’ve paid off past-due bills and don’t need to go to collection agencies.

Conversely, factors in the report that could negatively affect one’s credit score include late payments, high balances relative to limits, and large amounts of overdue debt. Lenders may question if they will provide funding for future loans based on late payments. A high balance relative to the limits indicates overspending, which could result in higher rates of interest if financing is approved. Large amounts of past due debt can also prevent lenders from approving your loan as they will assume that you are unable or unwilling to repay the borrowed money in a timely fashion. The number of knee-replacements that need to be done each month for the wing’s costs to be covered and no losses to occur. BEP can be calculated by the following formula: Fixed costs/Unit Contribution Margins = BEP. For example, if the wing’s fixed costs are $10,000 and their unit contribution margin is $500 then 10,000/500 = 20 units. For them to be able to make a profit, they need to do at least twenty knee replacements per month.

Note that the calculation doesn’t take profit into consideration, it just tells you how many procedures are needed to stay afloat. It is therefore likely that the production level will need to be increased in order to cover monthly expenses and still make a profit.