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soldi70 [24.7K]
2 years ago
6

Nico's net take-home pay per month is $2,100. What is the maximum dollar amount of debt payments, excluding a home mortgage, he

should have
Business
1 answer:
alekssr [168]2 years ago
5 0

The answer here is $420 that should be with Nico.

According to experts, one shouldn't pay more than 20% of net income (i.e., after-tax) toward debt. So, 20% of $2100 is $420. So, the maximum dollar amount of debt payments he should have is $420.

Anything owing by one party to another is a debt. Debt may be secured by real estate, cash, services, or another kind of payment. Debt in the context of finance is more specifically defined as funds obtained via the issuing of bonds. An arrangement wherein one person loans money to another is known as a loan, which is a type of debt.

Therefore he should have $420 to pay off his debt.

To know more about debt payment click here:

brainly.com/question/21107102

#SPJ4

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Cory issued a note to his creditor in exchange for an account. Cory records the transaction by debiting
Taya2010 [7]
The answer is D. a debit to accounts payable and a credit to notes payable. This is because Cory issued a note to his creditor as a promise that he will pay the creditor. With this, he will be gaining a Notes Payable, or a promissory note stating that he will pay, and will be losing an Accounts Payable. So according to the rules of accounting, if a liability is debited, then it will be lessened from the books of the business. If a liability is credited, however, then it will be added to the records of the business. 
3 0
4 years ago
Read 2 more answers
In business, managers and employees are faced with many decisions. Management writer Ken Blanchard and religious leader Norman V
QveST [7]

Answer: In order to answer this, we must first add the options. They are as follows:

A. Am I acting fairly?

B. Is it balanced?

C. How will it make me feel about myself?

D. Will it help me further my career?

E. Is it legal?

The correct option is D. Will it help me further my career. This is a question that should NOT be asked when facing an ethical dilemma.

Explanation:

Ethics are moral principal that guide one's actions and attitudes. Now, all the options above can be properly weighed using ethical standards.

An Ethical dilemma is a situation in which a choice must be made between two options, neither of which will resolve the situation in an ethically acceptable manner.

We will analyze the options one after the other.

Let us start with option A. Am I acting fairly?

When faced with an ethical dilemma, one good question to ask is if an individual is acting fairly, that is, are they acting according to accepted ethical standards? If one's actions go contrary to ethics, then they should probably not undertake such an action. Therefore, this question SHOULD BE ASKED.

Option B. Is it balanced?

Balance here talks about equality. In this case this question looks at whether the action will favour one party over another, or if it will favour everyone equally. Therefore, this question SHOULD BE ASKED.

Option C. How will it make me feel about myself?

This question looks at the after effect of an action, if the action will make you feel good or bad about yourself later on. If the action will make you feel good, then it should be undertaken, but if it will make you feel bad, it should not be undertaken. Therefore, this question SHOULD BE ASKED.

Option D. Will it help me further my career? (Correct option)

This is a wrong question to ask when experiencing an ethical dilemma because it is not a question about ethics or morals, only career advancement, and it does not focus on the right or wrong of an action. Also, this is a selfish question to ask and it does not take into consideration the effect that the action will have on others. This question should therefore, NOT BE ASKED, because it is not a proper reflection of one's ethics.

Option E. Is it legal?

This question looks at the legality of an action, therefore illegal actions should not be undertaken, while legal actions should be pursued. This is a question that SHOULD BE ASKED.

6 0
3 years ago
A $1,000 face value bond has a coupon rate of 7 percent, a market price of $989.40, and 10 years left to maturity. Interest is p
dlinn [17]

Answer:

4.95%    

Explanation:

For computing the yield to maturity when expressed in real terms, first we have to find out the yield to maturity by applying the RATE formula that is shown in the attachment

Given that,  

Present value = $989.40

Future value or Face value = $1,000  

PMT = 1,000 × 7% ÷ 2 = $35

NPER = 10 years × 2 = 20 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  the yield to maturity is 7.15%    

Now in real terms, it would be

= 7.15% - 2.2%

= 4.95%    

7 0
3 years ago
Division A of Barsema, Inc. has operating data as follows: Capacity 20,000 units Selling price $80 per unit Variable costs $45 p
Neporo4naja [7]

Answer:

the minimum price it should charge is $40 per unit.

Explanation:

Minimum Transfer Price = Variable Costs - Internal Savings + Opportunity Cost

<em>Note :  Division A has capacity available to meet B's requirements therefore there is no opportunity cost</em>.

There are Internal savings of $5 as A's variable costs will be $5 less per unit.

Minimum Transfer Price = $45 - $5

                                        = $40

4 0
3 years ago
On January 2, year 1, Lava, Inc. purchased a patent for a new consumer product for $90,000. At the time of purchase, the patent
Archy [21]

Answer:

The amount Lava should charge against income during year 4 is $63,000.

Explanation:

Since amortization is assumed to be recorded at the end of each year, this can be calculated as follows:

Annual amortization expense = Cost of the patent  / Patent's estimated useful life = $90,000 / 10 = $9,000

Amortization expense recorded prior to year 4 = Annual amortization expense * 3 years =  $9,000 * 3 = $27,000

Unamortized cost of patent charge against income during year 4 = Cost of the patent - Amortization expense recorded prior to year 4 = $90,000 - $27,000 = $63,000

Therefore, the amount Lava should charge against income during year 4 is $63,000.

4 0
3 years ago
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