Answer:
No, her ratio is greater than 37%
Explanation:
Given:
Monthly income = $3,300
Credit card expenses = $80
Student loan expenses = $130
Car payment = $215
All insurances = $1,221
Computation:
Total debt to income ratio = Total debt / Total income
Total debt to income ratio = (80 + 130 + 215 + 1221) / 3300
Total debt to income ratio = 49.87%
Housing payments to income ratio = All insurances / Monthly income
Housing payments to income ratio = (1221) / 3300
Housing payments to income ratio = 37%
No, her ratio is greater than 37%
Answer:
20,000
Explanation:
Only rented house is counted as per gdp
Answer:
Option (d) is correct.
Explanation:
Suppose Deborah gets a sales bonus at her place of work,
Disposable Income, YD = $ 600
Consumption, C = $480
Savings , S = $ 120
Marginal propensity to consumer, MPC:
= Consumption ÷ Disposable Income
= 480 ÷ 600
= 0.8
Therefore, Deborah marginal propensity to consume (MPC) is 0.80
Option (d)
Answer:
$2.90 per unit
Explanation:
The computation of the cost per equivalent unit of conversion is attached below:-
The formulas are shown below:-
Equivalent material = Direct material × Percentage completion
Equivalent conversion = Conversion × Percentage completion
The cost per equivalent unit come from
= Total cost ÷ number of equivalent units
hence, the cost per equivalent unit of conversion is $2.90 per unit