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2 years ago

What percentage of your gross salary does the consumer financial?.

Business

1 answer:

kati45 [8]2 years ago

8 0

The complete question is as follows:

What percentage of your gross salary does the consumer financial bureau suggest?

The proportion of gross income suggested by the Consumer Financial Bureau is not more than 15% or 10% of the earned income.

<h3>What is a gross salary?</h3>

Gross salary is the amount received by an employee before any deductions and income taxes. It is given by the employer of the company in its respective bank account.

According to the Consumer Financial Bureau, the proportion of not exceeding 10% of gross income should be reserved for affording the student loan payments, or not greater than 15% be reserved for monthly debts except rental and mortgage reimbursements.

Therefore, the type of payments will decide the proportion of gross income being allocated in accordance with the Consumer Financial Bureau.

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ORIS & ENTERTAINMENT

ddd [48]

The percentage of the total salary that is paid with the total team salary to running backs is 9 parentage.

<h3>What is running back?</h3>

In gridiron football, a running back is defined as a member of the violative backfield. A running back's fundamental obligations are receiving handoffs from the quarterback, lining up as a receiver to catch the ball, and blocking.

<u>Computation of percentage of running back</u>:

Firstly, calculate the amount of running back:

$\text{Total Amount Of Running Back} = \$1000,000+ \$850,000+\$750,000+\$5000,00\\\\\text{Total Amount Of Running Back} =\$31,00,000$

Then, the percentage of total salary is paid to running backs are:\

$=\dfrac{\text{Total Amount of Running Backs}}{\text{Total Team Salary}}\\\\=\dfrac{\$31,00,000}{\$33,00,00,00} \\\\=9\%(App.)$

Therefore, option b is correct.

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5 0

2 years ago

George offers to sell his car to Suzy for $10,000 on the coming Sunday, to which Suzy agrees. They write down the details on a p

max2010maxim [7]

Answer:

Promissory estoppel

Explanation:

Promissory estoppel means that in legal tenet that a promise or pledge can be enforced by law, actually if formulated without legal consideration, if the George now the (promisor) has made a pledge to a Susy the (promises) who then depends on that promise for a subsequent detriment. So what Promissory estoppel is expected to do is to stop the (George) promisor from insisting that an underlying promise should not be legally authorized or implemented. So Susy can sue George on the basis of promissory estoppel and get a reward for George's disappointment

8 0

3 years ago

The ownership of the national debt is about __________ percent by u.s. government or quasi-government agencies (federal reserve)

alexgriva [62]

The ownership of the national debt is about <u>60 </u>percent by U.S government or quasi-government agencies (federal reserve).

<h3>What do you mean by quasi-government?</h3>

A quasi-governmental healthcare organization that is funded by the government but is privately run.

Quasi-government is used to represent organizations, districts, commissions, businesses, and municipal divisions that are primarily operated by the private sector but are essentially owned by the government.

Hence, The ownership of the national debt is about <u>60 </u>percent by the U.S government or quasi-government agencies (federal reserve).

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8 0

1 year ago

How does giving benefit both the giver and the receiver?

tangare [24]

Answer: The benefits of giving are not only reaped by the gift receivers, but also by the giver themselves in terms of their health and happiness.

Explanation: I hope that helped.

8 0

3 years ago

Amanda Forsythe of Springfield, Missouri, must decide whether to buy or lease a car she has selected. She has negotiated a purch

geniusboy [140]

Answer:

Since the cost of financing for leasing is higher than buying, Amanda she should finance the car.

Explanation:

Solution

Buy versus Lease problem:

Now,

Buy case

The Purchase price = Gross capitalized cost = $30,000

The Down payment = $3300

The Present value of borrowing from credit union = 30,000 - 3300 = $26700

The EMI payment = $614.88,

No of months = 48, Annual percentage rate (APR) = 5%

The Monthly Percentage rate = 5%/12 = 0.4%

Then

We find future value at the end of 48 months

By applying Excel,

PV=26700, N=48, I/Y=0.4%, PMT=614.88

FV = -0.14079 which is approximate to Zero (given that EMI payment was rounded off to digit of 2 , FV has resulted slightly differ from zero)

So, at the end of four years, the car has no residual value as per the buy option.

The Finance charges of borrowing the car = Sum of all the EMI payments – principal payment

= $61488*48 - 26700 = $2924.724

The lease case

The cost reduction capital= $3300 (capitalized cost is paid by customers to decrease the rate of lease while leasing cars)

Fee disposition on the car = $350

The Residual value = $12,400

Then,

PV = $30,000 - $3300 = $26,700, EMI = $330, Number of months leased = 48

FV = Residual value – Disposition fee = $12,400 - $350 = $12,050

The cost of dollar of leasing = Sum of all the payments of EMI - payment based on principal value at the end of the lease period = 330 * 48 – (26700 – 12050) = $1190

Therefore, since the cost of financing for leasing is higher than buying, Amanda she should finance the car.

4 0

3 years ago