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Ber [7]
3 years ago
13

what is usually the highest percentage of family income that lenders allow for monthly mortgage payments

Business
1 answer:
timama [110]3 years ago
4 0
The highest percentage of family income that lenders allow for monthly mortgage payments usually is 36%. This is an example of debt-to-income ratio usage to determine the portion of debt taken by an individual and comparing it with his/her income. The ratio can be obtained by dividing the total debt and the total income of that individual.
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Another restaurant manager says to you, "I’ve heard that Barcelona has a three-step hiring process. Candidates first have an int
Hoochie [10]

Answer:

Both steps give candidates a realistic preview of the job.

Explanation:

The purpose of both steps is to provide potential candidates a realistic and practical preview of the job opening. In the first step Scott does most of the talking, that means that he probably explains in detail how the restaurant works. On the second step, the candidates are taken to the restaurant to be able to see by themselves how it really is to work there.

This hiring approach increases commitment on the candidates and it provides them with a realistic job expectation about what Scott and the other employees expect them to do.

5 0
3 years ago
The term ___________________ is used to describe the common pattern whereby each marginal unit of a consumed good provides less
Phantasy [73]

Answer:

diminishing marginal utility.

Explanation:

The term diminishing marginal utility is used to describe the common pattern whereby each marginal unit of a consumed good provides less of an addition to utility than the previous unit.

In Economics, The law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.

<em>For example, buying a chocolate bar and eating it may satisfy your cravings but eating another one wouldn't give you as much satisfaction as the first due to diminishing marginal utility. </em>

3 0
3 years ago
On January 1, 2021, Yancey, Inc. signs a 10-year noncancelable lease agreement to lease a storage building from Holt Warehouse C
Tom [10]

Answer:

The correct answer is D At the termination of the lease, the title to the building will be transferred to the lessee.

Explanation:

8 0
3 years ago
______ consists of a set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data
Mademuasel [1]

Answer:

The correct answer is option A.

Explanation:

Marketing research refers to the set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data that can aid decision-makers involved in marketing goods, services, or ideas.

It involves a number of steps such as defining the objectives and research needs, designing the research, collection of data.  

Marketing research is helpful in making decisions related to marketing goods, services and ideas.

5 0
3 years ago
what are some advice you would tell a friend or family member about managing their own money? is the advice that follow yourself
Jobisdone [24]

Answer: I would speak to my friend or family member about the importance of saving.

Explanation:

The conversation would be about how to save since many times people tend to buy and spend on many things and do not think long term. They think that money will always be there and that the bad times will never come. When we think of saving as something fundamental, we are thinking of our future, of having security.

is the advice that follow yourself?

This kind of advice and talk about money is something I apply to myself and have done for many years. I understand the importance of saving and try to be someone who puts what he preaches into practice.

why or why not?

For many years I have thought about the importance of saving. Before he was a person who spent and did not think about the future. Nowadays I put this advice into practice as I know how important it is to have money saved, which can be used for any emergency that arises. Saving money is something for wise people, it helps to have something to lean on. I always carry this financial advice with me, apply it to the measure and try to teach it to the people around me

8 0
3 years ago
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