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Mademuasel [1]
2 years ago
7

Your gross income (pay for before deductions for taxes) is $10,000 a month, and income taxes are estimated at a rate of 20%. In

addition, your debt is $2,000 per month. What is your monthly personal debt ratio
Business
1 answer:
slavikrds [6]2 years ago
5 0

Based on your debt per month and your gross income, the monthly personal debt ratio is 20%.

<h3>How can you find the monthly personal debt ratio?</h3>

This can be found as:

= Personal debt / Gross income

Solving gives:

= 2,000 / 10,000

= 20%

In conclusion, the personal debt ratio is 20%.

Find out more on personal debt ratio at brainly.com/question/24814852.

#SPJ1

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A store that offers a wide variety of shoes for men, women, and children would most likely be considered a(n):
Kisachek [45]

Answer:

The correct answer is: Speciality retailer.

Explanation:

Speciality retailers are stores that operate similarly to regular retailers offering products manufactured by different companies but the focus their attention on a specific niche in the market. <em>Clothing, shoes, books, school supplies, </em>and <em>technology retailers</em> are examples of these types of stores.

4 0
3 years ago
Read 2 more answers
Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation:
vfiekz [6]

Answer:

Part a. Compute the unit product cost under absorption costing.

Variable costs per unit:

        Direct materials                                                                         $ 165

         Direct labor                                                                                $ 72

         Variable manufacturing overhead                                            $ 8

Fixed Overheads per unit:

       Fixed manufacturing overhead ($535,500/10,500)                  $ 51

Unit product cost                                                                                $296

Part b. Compute the unit product cost under variable costing.

Variable costs per unit:

        Direct materials                                                                         $ 165

         Direct labor                                                                                $ 72

         Variable manufacturing overhead                                            $ 8

Unit product cost                                                                                $245

Explanation:

Part a. Compute the unit product cost under absorption costing.

Absorption costing treats fixed overheads as part of product cost and hence fixed manufacturing overheads are included in unit product cost at their absorption rate

Part b. Compute the unit product cost under variable costing.

Variable Costing System treats fixed overheads as a Period Cost and not part of product cost hence fixed manufacturing overheads are excluded in unit product cost

8 0
3 years ago
Select the situation that will occur when a shortage of bread exists, and consumers pressure producers to change their actions.
love history [14]
The answer is : Producers respond by supplying more bread

When shortage of breads increases, the demand of the product will jump through the roof, which will also increase its price

To gain the maximum profit, the producers will respond by supplying more bread until the shortage is eliminated
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Bad White [126]

Answer:

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malfutka [58]

Scott was denied the loan because he was not old enough to qualify.

<h3>What is the Payday loan?</h3>

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According to the above situation, Scott is cannot get the payback loan because he is  minor to sanction a loan. He must have the age of 18 years or above.

Learn more about payday loan here:

brainly.com/question/3949419

#SPJ1

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