Based on the buyer's gross income, her car and student loan payments, and the maximum debt-to-income ratio, the maximum monthly house payment that the bank will approve is $2,100.
<h3>What amount will the bank approve?</h3>
The maximum debt-to-income ratio for housing the bank will approve is 28% which is:
= (90,000 / 12 months) x 28%
=$2,100
The maximum debt-to-income ratio is 36%:
= (90,000 / 12 months) x 36%
= $2,700
Allowance for debt:
= 2,700 - 300 - 200
= $2,200
There is therefore enough space to take on the maximum debt-to-income ratio for housing so the amount of $2,100 will be approved.
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Answer:
b. broadcast media
Explanation:
Broadcast media refers to the traditional form of advertising and includes radio and TV adverts. Broadcast media allows a business to reach a broad audience in a region or a country in a short time. TV adverts offer the ability to communicate messages in sound, sight and motion, which creates a lasting image in the target audience minds.
Broadcast messages run for a short time and may require several exposures to make an impact. Creating a broadcast advertisement message is expensive. It often requires engaging specialized professionals. A business can choose the time the adverts will air. Prime time adverts are charged at a higher rate.
Answer:
A) Unless they have found other ways to cut expenses, some dairy farmers are no longer making a profit.
Explanation:
The situation for dairy farmers is as follows:
- were barely making any profit five years ago
- their costs have significantly increased
- their revenue has stayed the same
Then many of them should be working without making any profit at all or directly losing money.
The equation is simple: Revenue - total costs = profit
If revenue stayed the same and total costs increased, then profits decreased.
Answer:
In fixed rate mortgage, the amount applied to the repayment of principal increases as the payment involves lower proportion of principal amount and higher proportion of interest, while the payment made against mortgage being applied to interest decrease over time.
With maturing mortgage, the interest portion will decrease and the portion of principle underlying the payment will increase. The calculation of the interest charged on the mortgage is made of the present mortgage balance that remains outstanding which decrease with increase in the repayment of the principal. Hence, it is ascertained that the smaller the principal underlying mortgage is, the lesser will be the interest charged underlying the mortgage.
According to the five forces model, this type of threat is called the threat of substitute products.
<h3>What are the five forces model?
</h3>
The five forces model is used to analyse the competitiveness among firms in an industry. They are also referred to as the Porter's five forces.
One of the five forces is the threat of substitute products. If there are little or no substitutes for the goods produced by other companies, the greater the power the firms possesses. Video conferencing is an alternative to physical meetings.
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