Answer:
24%
Explanation:
Calculation to determine their housing ratio
Using this formula
Housing ratio= Housing expenses / Gross monthly income
Let plug in the formula
Housing ratio= $2,700/ $11,300
Housing ratio= 24%
Therefore their housing ratio is 24%
The type of <span>entity that they created if they have no personal liability for the firm's debts would be: Corporation
In case of bankruptcy, a corporation must sell all of its assets to pay up the debt. But after all assets are liquidated, the debtor couldn't seek the payment further to the corporation's owner and have to accept the residual debt as a loss.</span>
The value of the bond is $865.80.
<h3>What is a bond?</h3>
A bond is a debt instrument used to raise capital. Bondholders receive periodic interest payment. At the maturity of the bond, the bondholders receive the amount invested.
<h3>What is the value of the bond?</h3>
The value of the bond can be determined by calculating the present value of the bond. The present value is the sum of the discounted cash flows.
Present value = (60 / 1.08) + (60 / 1.08^2) + (60 / 1.08^3) + (60 / 1.08^4) + (60 / 1.08^5) + (60 / 1.08^6) + (60 / 1.08^7) + (60 / 1.08^8) + (60 / 1.08^9) + (60 / 1.08^10) + (1000 / 1.08^10) = $865.80
To learn more about present value, please check: brainly.com/question/25748668
Answer:
The correct answer is letter "A": affordable food creates an external benefit rather than an external cost in the case.
Explanation:
Externalities are costs third parties have to be responsible for even if they were not involved in causing the externality. There are positive externalities and negative externalities. <em>Positive externalities</em> are those that third parties benefit from. <em>Negative externalities</em> affect third parties.
Thus, importing less-expensive but chemically-dangerous food will create a positive externality to consumers purchasing those types of foods since less money is getting out of their pockets without them having to influence discounts.
Answer:
The CVP income statement would report a contribution margin $220000.
Explanation:
CVP income statement
sales $480000
total variable cost ($260000)
contribution margin $220000
total fixed expenses ($150000)
operating income $70000
Therefore, The CVP income statement would report a contribution margin $220000.
