Answer:
Explanation:
Gross income = 1070
net income = gross income - tax = 1070 - 210 = 860
payment to credit card = 128
debt payment to income ratio without college loan
= 128 / 860
= .1488
Answer:
$8,343
Explanation:
Calculation to determine How much did Yasmin earn from this transaction
First step to calculate the Total commission from sale
Total commission from sale= ($463,500 × 0.06)
Total commission from sale=$27,810
Second step is to calculate Yasmin's firm's share
Yasmin's firm's share= ($27,810 ÷ 2)
Yasmin's firm's share=$13,905
Now let calculate How much did Yasmin earn from this transaction
Yasmin's Earning = ($13,905 × 0.60)
Yasmin's Earning=$8,343
Therefore the amount that Yasmin earn from this transaction is $8,343
Answer:
There are at least 2 opportunity costs associated with of letting your colleague have another month:
- if you invested in the oil-well venture, you could have earned $5,100 x 36% = $1,836 in one year
- if you invested in the new IT stock, you could have earned $5,100 x 48% = $2,448 in one year
You could invest in one of these options, or divide your money and invest in both options, e.g. invest $2,000 in the oil company and $3,000 in the IT company. Each different investment proportion results in a different opportunity cost.
Explanation:
Opportunity costs are the benefits lost or extra costs associated to carrying out an investment or activity instead of another alternative. Sometimes you might have several opportunity costs for one investment, e.g. invest in the IT company which is risky, invest in corporate bonds which is less risky or invest in US securities which is a safe investment.
The answer is B.
Hope this helps!
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