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
Pavel [41]
3 years ago
12

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:
Lena [83]3 years ago
4 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
The auditor of a public company is assessing the value of all the intangible assets owned by the company. Which of the following
liq [111]

Answer:

B. The company's brand equity

Explanation:

Intangible assets lack a physical presence. They are assets that cannot be touched or seen. Intangible assets are contrasted by tangible assets, which include land, buildings, vehicles, plants, and machinery.  Examples of intangible assets include patent brand names, trademarks, or and copyright.

Intangible assets have a use-life of more than one year. They can be created or acquired, just like tangible assets. From the list in the case, The company's cash reserves, company's plant and equipment, and company headquarters are tangible assets because they have a physical presence.

6 0
3 years ago
Choose the term that best matches the description given.
givi [52]

People often visits tourist attraction sites.  That there has been an increase in ecotourism, which is tourism to exotic, often threatened natural environments refers to <u>ecological </u>factors.

<h3>What influences tourism?</h3>

Ecotourism is known to be a new trend in the tourism industry. A factor analysis was done and five environmental factors were known to have a negative impact on tourists experience. They include;

  • Pollution
  • Tourism product offering
  • Park violation,
  • Environmental management
  • Tourism impacts.

Learn more about Tourism from

brainly.com/question/5501800

6 0
2 years ago
What can students do with their recorded data in Science Journal?
alina1380 [7]

Answer:

B. Review recorded graphs and individual data points

C. Make their data audible

D. Share and export experiments and sensor recordings

Explanation:

The Science Journal application refers to the scientific journal at the digital platform that helps users to record projects using pictures, notes, and built-in sensors from the phone of the user. While setting up a new experiment it provides the opportunity to document one's thoughts and findings as he or she begins to ask queries and to come up with their own investigations. Its user-friendly features use sensors and recorders of telephones in an efficient way.

3 0
2 years ago
The materials price and efficiency variances could be an indication that the company purchased less expensive ingredients of hig
Aleks04 [339]

Answer:

The answer to the question is False.

Explanation:

Materials Price and Efficiency Variance measures cost of materials purchased against the amount budgeted for it. When materials which are higher in quality are purchased at a lower price, the <em>Materials Price Variance </em>is said to be <em>favorable.</em> This means that it should lead to a lower number of rejected units given that one purchased materials of higher quality.    

 

Labor price variance is favourable if the actual cost of labor to the organisation fall below the budgeted amount.

The measure of expected output from a certain input of materials is referred to as material yield variance. Material yield variance is directly related to labour efficience variance.

A favorable labor price/material yield variance should result in faster work pace and lower of waste or rejects.

Therefore the above assertions are false.

Cheers!

3 0
3 years ago
Audrey contracts CLEANOUT Inc. to upgrade the plumbing at each of her company's six offices. Audrey wanted the work to be done i
Sidana [21]

The statement that is said to be most likely to be true in this scenario are:

  • Both Audrey and CLEANOUT must consult a neutral third party to resolve their contractual dispute.
  • Audrey can sue CLEANOUT for material breach of contract.

<h3>What is the contract about?</h3>

In contract law, a "material" breach of contract is known to be a form of breach that took place when one part fails to carry out the contract and this strikes so well at the heart of the contract that it tends to renders the agreement "practically broken"

Note that The statement that is said to be most likely to be true in this scenario are:

  • Both Audrey and CLEANOUT must consult a neutral third party to resolve their contractual dispute.
  • Audrey can sue CLEANOUT for material breach of contract because it passed the due date.

Learn more about contract law from

brainly.com/question/25789642

#SPJ1

4 0
2 years ago
Other questions:
  • Why should an auditor make decisions in the public interest rather than in the interest of management or current shareholders??
    7·1 answer
  • Blank is a tool of monetary policy in which the Federal Reserve buys and sells blank
    10·1 answer
  • Raising Bulls, Inc., has current assets of $5,100, net fixed assets of $23,800, current liabilities (payables and accruals) of $
    12·1 answer
  • Libra Electronics has invented a new technology to make laptops that are extremely lightweight and unbreakable. The company is a
    11·1 answer
  • Hailey, Inc., has sales of $19,730, costs of $9,300, depreciation expense of $1,970, and interest expense of $1,460. Assume the
    6·1 answer
  • Which of the following is the best description of
    13·1 answer
  • Assume that Amazon sells the MacBook Pro, a computer produced by Apple, for a retail price of $1,500. Amazon arranges its operat
    15·1 answer
  • to insure goods to send them overseas it costs the exporter 5/2% of the value of the goods. if the goods are valued at 16.400$,
    5·1 answer
  • Audra recently earned her associate’s degree and is looking for a job. Her resume lists her strengths in a separate section. Som
    12·2 answers
  • Robert and Charles are trying to decide what form of business to form for their new company. They ask you the following question
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!