1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SpyIntel [72]
3 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:
meriva3 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

You might be interested in
This type of managerial planning often involves asking the questions of who, what, where, why and how.
NNADVOKAT [17]
Political Frame is a management style entailing those features.  This answer is needlessly verbose by site requirement.
4 0
4 years ago
Teamwork processes have a moderate positive effect on ________ and a strong positive effect on ________.
Salsk061 [2.6K]

Teamwork processes have a moderate positive relationship with team performance and a strong positive effect on team commitment.

<h3>What is team relationship?</h3>

This is a relationship that exist within a team which brings about progress to an organization.

An effective team work would create an enabling work environment hence enables team member become more effective and efficient.

Hence, teamwork processes have a moderate positive relationship with team performance and a strong positive effect on team commitment.

Learn more about team relationship here : brainly.com/question/26491505

5 0
2 years ago
Use the following to answer the questions.
-BARSIC- [3]

Answer:

B. just-in-time

Explanation:

Just in time (JIT) is an inventory management approach that is used by companies that want to reduce their inventory costs and they purchase their materials in smaller quantities whenever their productive system needs them. The goal is to keep the lowest possible inventory levels.

3 0
3 years ago
Let's say the intended audience for your historical analysis essay about the legal battle for women's suffrage is a group of civ
Leya [2.2K]

Answer:

In the event that I go to a social equality promotion gathering, I will be an expert in my view to characterize the lawful foundation of the constitution and the nineteenth amendment. I'll give the standard to add alteration to stating "as you most likely are aware" to abstain from misunderstanding with them.I additionally utilize propelled phrasing to present to legal counselors. Let me quickly outline the ladies rights development for secondary school understudies and afterward disclose how to fix it. I additionally utilize less modern words to assist understudies with dodging disarray. In the two gatherings I might want to incorporate the fix procedure in light of the fact that the introduction is proposed and regardless of whether a few gatherings definitely know data, it is a significant piece of the introducing time.

5 0
3 years ago
Cash donations to public charities are limited to % of a taxpayer's AGI. Donations of capital gain property to public charities
Blababa [14]

Answer:

Cash donations to public charities are limited to % of a taxpayer's AGI? Cash donations can be deducted to a maximum of 60% of your AGI.

Donations of capital gain property to public charities are generally limited to % of a taxpayer's AGI? If you hold the assets (whether stock or property) for more than one year, donations can be deducted (at fair market value) to a maximum of 30% of your AGI.

Donations of certain capital gain property to private non operating foundations are limited to % of AGI? When you donate short term capital gain property to private non operating foundations you can deduct up to 30% of your AGI.

3 0
3 years ago
Other questions:
  • The following proceeds received by Grove City in year 1 are legally restricted to expenditure for specified purposes: Donation b
    12·1 answer
  • On July 10, Boogie Footware agrees to a contract to sell 800 pair of flapper shoes for $16,000 to Twenties, Inc. On September 1,
    7·1 answer
  • Tiago makes three models of camera lens. Its product mix and contribution margin per unit follow: Percentage of Unit sales Contr
    5·1 answer
  • What are the good manner the service provider must demonstrate when communicate with customer​
    6·1 answer
  • Vandenheuvel Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appe
    8·1 answer
  • Due to Coronavirus, all of the stock markets and businesses and our overall economy is failing, but companies that are producing
    15·2 answers
  • In November 2016, General Motors produced a car that was delivered to a local dealership in December 2016. The auto was sold to
    5·1 answer
  • At the annual holiday party, ABC Airlines gives awards to employees to recognize examples of "going above and beyond" to serve c
    5·1 answer
  • J.D. Power and Associates surveys new automobile owners to learn about the quality of recently purchased vehicles. The following
    11·1 answer
  • A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 54,
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!