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zubka84 [21]
3 years ago
9

A person's debt ratio shows the relationship between debt and net worth. the lower the ratio the

Business
1 answer:
SOVA2 [1]3 years ago
4 0

<span>A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the better off the person is financially. </span>

When you are in good financial standing, if it necessary to have a low debt ratio. The debt ratio is how much debt to income or net worth someone has. When you have a low debt ratio you are often approved for larger loans and can sustain financial freedom more easily. 

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How your organization starts its risk mitigation process depends entirely on the type of organization you are working in.
dezoksy [38]

Answer: False

Explanation:

Risk mitigation simply has to do with the strike that are taken by an economic agent such as an individual, firm or the government in order to prevent risk and reduce it to its minimal level.

It should be noted that risk mitigation is identical for every organization as the same process is being followed. Therefore, the question is false.

6 0
3 years ago
Andrea works as an accountant at a law firm. Her annual gross pay is $48,000. Her deductions include mortgage interest and healt
Oksana_A [137]
Andrea's asset: $48,000
Assets is cash that she owns. Other assets include: property, equipment, furniture - which are all costs that she owns.

Deductions refers to her liabilities- Andrea's liabilities/ $7,500
which costs that she owes to companies, billing and Not that she owns. Such as: mortgage, bills, bank amount loans, expenses etc

Here is what Andrea as an accountant needs to do to find the annual gross: (steps are in order)

1) she lists all of the assets costs & total the assets
As for andrea she added all her assets costs which is $48,000

2) she then lists all the liabilities costs & totals the liabilities costs
Her liabilities costs which is $7,500

3) the last step- she must subtract the assets total & liabilities total

Ex. (Assets) $48,000 - (liabilities) $7,500 = 40,500

The answer is $ 40,500 is her gross pay.

Now you are probably thinking how can that be the answer?!?

An accountant always checks :)

Here is Andreas checking process in order..

1) the answer 40,500 is her gross pay which in accounting terms it's her owner's equity because it is her amount of cash that she owns not giving it away. Think of it as a safe that her storages the money in.

2) in order to determine the total liabilities & owner's equity she must add the total liabilities + the owner's equity that we found.

Ex (total liabilities) $7,500 + $40,500 = $48,000!!
That shows that our answer is correct we retraced our steps like an accountant and found that our answer equals (in accounting terms; balances) the total assets costs.

Here is how the balance sheets looks like: Andreas balance sheet

Assets Liabilities
Cash cost Bank loan costs
Furniture cost Mortgage costs
Property cost Health Costs
Expense costs
Assets total: Liabilities total:
$48,000 $ 7,500

Owners equity (Andrea's safe) $40,500 by
(Assets - liabilities)

Total liabilities & owner's equity (total liabilities + OE (owners equity for short) = $48,000

In accounting if your total assets which is for Andrea is $48,000 equals total liabilities & OE is $48,000 then your answer is correct. In accounting assets total Must equal total liabilities & OE

Hope this helps :)
5 0
4 years ago
A student who has a strategic approach to studying for exams and preparing for presentations in college will likely do what as a
ki77a [65]

Answer:

implement strategic process/behavior/models that will achieve desired result/outcome

Explanation:

As a student, he/she became a strategist in preparations for exams and presentation and it has the desired outcome (success). When such a student becomes a manager, he/she would also apply the same strategic behaviour from college by mapping out strategies to ensure desired results as a manager.

Cheers.  

4 0
4 years ago
Mike deposited $100,000 in a bank and procured a certificate of deposit on it, payable to himself, for repayment in five years w
horsena [70]

Answer:

The correct answer is letter "D": an installment note.

Explanation:

An installment note is a promissory commitment for payment of the principal and interest of a debt. The payments are distributed in equal periods of time -usually monthly, and represent the amortization of the total amount owed. According to the agreement, a minimum amount can be established to be paid to avoid more debt.

7 0
3 years ago
What is the final step in marketing a product?<br>​
Allisa [31]

Answer:

Positioning: The final step is to position your product in a way that will appeal to the needs of your target audience and encourage them to buy your product.

4 0
3 years ago
Read 2 more answers
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