Based on Raph's stable gross monthly income, the maximum total debt allowed per month is<u> $1,044</u>
Most conventional lenders prefer to lend to a person whose debt to income ratio is 36% and below.
Ralph's maximum debt allowed is therefore:
<em>= Debt to income ratio x Stable gross income </em>
= 36% x 2,900
= $1,044
In conclusion, Ralph's maximum debt is $1,044
Find out more about debt to income ratio at brainly.com/question/24814852.
Answer:
I don't know about the complete options available, but I know the purpose of finding the total cost of the job, which is to charge the clients the right fee depending upon their time taken and cost of each job. That's the purpose
of knowing the cost of the assignments. Another purpose includes to maximise the profits by opting to jobs which has higher contribution per unit. By meeting the demands of jobs which has higher number of contribution per unit, first, makes the firm more profitable.
Answer:
average fixed cost is $3 per set.
Explanation:
From the information given, we can say about the average fixed cost only
The average total cost is $8 per set and average variable cost is $5 per set -> average fixed cost = $8 - $5 = $3 per set
Answer:
Comparative advantage
Explanation:
This concept of economics is comparative advantage that means one country has advantage of producing same product at lower cost than other. In this question China has comparative advantage over USA,
This may be due to different reasons.
1. Population of China is greater than USA, that is why employees are willing to work on low salaries in China as compared to salaries are offered in the US.
2. China is comparatively better in manufacturing industry as of with USA.