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SpyIntel [72]
4 years ago
8

Advice from most financial advisers states to spend no more than 28% of one's gross monthly income for one's mortgage payment, a

nd to spend no more than 36% of one's gross monthly income for one's total monthly debt. Suppose a family has a gross annual income of $39,600. a. What is the maximum amount the family should spend each month on a mortgage payment? b. What is the maximum amount the family should spend each month for total credit obligations? c. If the family's monthly mortgage payment is 70% of the maximum they can afford, what is the maximum amount they should spend each month for all other debt?
Business
1 answer:
meriva4 years ago
7 0

Answer and Explanation:

The computation is shown below:

a. For the maximum amount that spend each month on mortgage payment is

= Gross annual income ÷ total number of months in a year × mortgage payment percentage

= $39,600 ÷ 12 months × 28%

= $924

b. . For the maximum amount that spend each month on total credit obligatons

= Gross annual income ÷ total number of months in a year × mortgage payment percentage

= $39,600 ÷ 12 months × 36%

= $1,188

c. Now the maximum amount spend for all other debt is

For monthly mortgage

= $924 × 70%

= $646.8

And, for mortgage debt

= $1,188 × 70%

= $831.60

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icang [17]

Answer:

D.

Explanation:

Coming out from behind the podium helps to minimize barriers between you and the participants, so that way your presentation is more likely to be heard or accepted. On the contrary, standing behind the podium will put you in a place of authority and it will make it difficult to empathize with who's listening and to give them a chance to participate.

The answer A, is not correct because you have to study your presentation but not memorize the content. If you memorize the content as an a script it will be more likely to forget some things.

It's good to make eye contact as described in answer B, however, if you maintain eye contact with just one person, you leave the other participants out, and will make it difficult to cut the barriers with them.

At last, the answer C is wrong because if you stay in a fixed position, you won't be comfortable to stay loose and make your presentation more distended.

Hope it will help you!

7 0
3 years ago
Which of these is a requirement under the No Child Left Behind Act?
raketka [301]

Answer:

Explanation:

Under the 2002 law, states are required to test students in reading and math in grades 3–8 and once in high school. ... The major focus of No Child Left Behind is to close student achievement gaps by providing all children with a fair, equal, and significant opportunity to obtain a high-quality education.

o Child Left Behind gives states and school districts the flexibility to use funds where they are needed most. ... NCLB also mandates that all teachers should be licensed to teach, hold at least a bachelors degree, and be highly qualified in the subject they are teaching.

3 0
3 years ago
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n 2018, Jose paid the following amounts for his son to attend Big State University: Tuition $6,400 Room and board 4,775 Books 77
MatroZZZ [7]

Answer:

$11,947

Explanation:

The following expenses shall be allowed as qualified higher education expense to Jose for the purpose of his son Qualified tuition program

Tuition Fees                                                   $6,400

Room and board                                           $4,775

Books                                                             $772

Total expenses to be allowed                      $11,947

7 0
3 years ago
Splish Brothers Inc. issues $268,000, 10-year, 7% bonds at 97. Prepare the journal entry to record the sale of these bonds on Ma
chubhunter [2.5K]

The  journal entry to record the transaction is: Debit Cash $259,960; Debit Discount on bonds payable $8,040;Credit Bonds payable  $268,000.

<h3>Sales of bonds</h3>

Splish Brothers Inc journal entry

March 1,2022

Debit Cash $259,960

($268,000 × 97%)

Debit Discount on bonds payable $8,040

($268,000 × 3%)

Credit Bonds payable  $268,000

(To record sales of bonds)

Inconclusion the entry is: Debit Cash $259,960; Debit Discount on bonds payable $8,040;Credit Bonds payable  $268,000.

Learn more about sales of bonds here:brainly.com/question/13958571

5 0
2 years ago
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Answer:

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3 years ago
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