Correct option is d : principal, interest, taxes, insurance.
Housing expenses are commonly referred to as piti. piti stand for principal, interest, taxes, insurance.
Principal, interest, taxes, insurance or in other words PITI are the sum components of a mortgage payment. Specially, components of the mortgage payment consists of the principal amount, loan interest, property tax, as well as the homeowners insurance and private insurance premiums mortgage.
PITI is generally quoted on the monthly basis. It is then compared to a borrower's monthly gross income for computing the front-end and back-end ratios of any individual.
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His reaction best illustrates the importance of <u>stress appraisal</u>.
<u>Explanation</u>:
Stress appraisal explains how the individuals handle and cope with the stressful event. The individuals are monitored and evaluated on how they handle the situation or event. The reaction of the people may differ on how they understand the happening.
The person undergoing stress may be emotional and the outcomes of the person depend on the level of the stress he/she is undergoing. The person with stress may feel tensed, angry and frustrated.
Answer:
30%
Explanation:
For computing the percentage of the total overhead cost we need to find first plantwide overhead rate and Product J25M (absorbed overhead) which is shown below:-
Plantwide overhead rate = Total plant overhead ÷ Total number of labor hours
= ($120,000 + $90,000 + $84,000 + $300,000) ÷ (7,000 + 3,000)
= $594,000 ÷ 10,000
= 59.4 per labor hour
Product J25M (absorbed overhead) = Plantwide overhead rate × Direct labor hours of Product J25M
= $59.4 × 3,000
= $178,200
So, the Percentage of the total overhead cost = Product J25M (absorbed overhead) ÷ Total plant overhead × 100
= $178,200 ÷ $594,200 × 100
= 30%
Answer:
Haagen-Dazs vanilla bean ice cream
Explanation:
Demand is said to be most elastic if a slight change in price leads to a drastic change in quantity demanded. Normal goods are least elastic as increase in price does not lead to tremendous decrease in price.
However, luxury goods are most elastic as these goods are preferred when their prices are lower. They are not essential. As such, demand falls drastically in case of rise in price. So, Haagen-Dazs ice cream would have most price elasticity as this is a luxury good and rest of the items are normal goods.
