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
Anton [14]
3 years ago
7

Using the maximum ratios for a conventional mortgage, how big a monthly payment could the Danforth family afford if their gross

(before-tax) monthly income amounted to $6,500? $ Would it make any difference if they were already making monthly installment loan payments totaling $800 on two car loans? Maximum mortgage payment they could make would be $
Business
1 answer:
brilliants [131]3 years ago
4 0

To solve for the first question you do $6500*0.3 which will give you $1950. 30% is the max in all situations.

The second half you do $6500*.38= 2470 then subtract the 800 from there which will give you $1670.

You might be interested in
What is creative thinking​
Gnom [1K]

Answer:

Creative thinking refers to using abilities and soft skills to come up with new solutions to problems.

Explanation:

Creative thinking skills are techniques used to look at the issue from different and creative angles, using the right tools to assess it and develop a plan.

8 0
3 years ago
Read 2 more answers
At December 31, Tremble Music had account balances in Accounts Receivable of $300,000 and in Allowance for Uncollectible Account
anzhelika [568]

Answer:

The balance of uncollectible accounts after the adjustment will be $15,000

Explanation:

On December 31, the balance of the accounts receivable is $300,000 and on same data it is suggested that the 5% of the account receivable will be not be collected.

So, the balance of the uncollectible accounts will be computed as:

Uncollectible accounts = Account receivable balance × % which will not collected

where

Account receivable balance is $300,000

% which will not be collected is 5%

Putting the values above:

= $300,000 × 5%

= $15,000

NOTE: The allowance for uncollectible accounts of $1,000, already credited, so will not be considered again.

8 0
3 years ago
Dove Corp. began operating a hardware store in the current year after constructing a building at a total cost of $100,000 on lan
Sloan [31]

Answer:

100,000 building will be the amount subject to depreciation

Explanation:

The land doesn't depreciate.

The land is the real state property, it is not depleted and neither suffers a loss of value through time.

The real state taxes are tax expenses for the period.

The depreciable basis will be the bulding which is affected for the past of time.

5 0
3 years ago
Examine the methods that FNB can use to compete with other banks in South Africa
zvonat [6]
There are a couple of methods that First National Bank can use in order to compete with other banks in south Africa, such as  :
- Increasing their interest rates for saving to gain more mass deposits from the mass
- By creating a couple of regulations that could invite more capital to the bank (such as giving a car if you deposit an xxxxx amount within 1 year)
- Expanding their subsidiaries not only in South Africa, but also to neighborhood countries to increase the net income
5 0
3 years ago
Within the relevant range of activity, costs:
horsena [70]
Everything?? Idk what’s the answer plz help
6 0
4 years ago
Other questions:
  • Your company will generate 73,000 in annual revenue each year for the next eight years from a new information database. If the a
    8·1 answer
  • If the total warehousing cost for the year amounts to $450,000, and 40 percent of the warehousing activity is associated with fi
    9·1 answer
  • Selective incentives are necessary for some interest groups because
    11·1 answer
  • The best time to acquire technological literacy is before you have to apply for a job because ________.
    6·2 answers
  • Rozella’s income statement is as follows:
    5·1 answer
  • In a few sentences, explain how a credit score affects creditworthiness and the cost of credit.
    9·1 answer
  • Sales mix is
    5·1 answer
  • The emphasis of a marketing strategy for a discontinuous innovation would most likely be to: Multiple Choice a) advertise benefi
    8·1 answer
  • If your company increases its market penetration, what is happening?
    15·1 answer
  • Return on assets is equal to:________
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!