If this is a multiple choice question and if i get it wrong, im sorry.
I'd guess benifit? lol
Answer:
Debt to income ratio is all your debt payments divided by all the money you earn during a month. Generally you are considered to be in good financial shape when your debt to income ratio is less than 20%, if it's less than 10% it is even better.
Kim's gross income = $1,230 - $165 (taxes) = $1,065
Kim's total debt payments without new debt = $134 (credit card payments)
Kim's total debt payments including new debt = $134 + $172 (new debt) = $306
Kim's debt to income ration without new debt = $134 / $1,065 = 12.58%
Kim's debt to income ration with new debt = $306 / $1,065 = 28.73%
Currently Kim's debt to income ratio is only 12.58% which is very good, but if she takes the new loan then her ratio will increase to 28.73% which is extremely high and not prudent.
Answer:
. c. Ownership can be transferred without affecting operations.
d. Managers can be fired with no effect on ownership.
Explanation:
Corporations are types of business organisation. A corporation is owned by shareholders. Ownership can be transferred by acquiring shares in the company.
Shareholders usually have a limited liability.
Managers are hired by the owners to run the business. Managers can be fired with no effect on ownership because they aren't owners of the company.
Corporations usually have unlimited life.
I hope my answer helps you
Answer:
D. liabilities.
Explanation:
Payables are payments the business is expecting to make to its suppliers. They represent the goods and services that the company has received but has not paid. Payables are there amounts a business owes to other parties. They are debts are hence should be recorded as liabilities.
Liabilities are the financial obligations a business owe to third parties. They are debts incurred in the normal course of business operations. Liabilities are grouped as either current or long-term. Current liabilities are due within the current financial year, while long-term are payable in future financial periods.
