The total debt from all loans should not exceed 36 percent of the gross monthly salary.
<h3>What do you mean by Loan?</h3>
A loan refers to the money provided to another party in exchange for the repayment of the principal amount including interest.
The total debt from all loans should not exceed about 36 percent of the gross monthly salary.
Therefore, the total debt from all loans should not exceed 36 percent of the gross monthly salary.
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Answer: Trade Sanctions and embargoes
Explanation:
Trade sanctions refers to trade penalties imposed by one country on another country. The aim of imposing trade sanctions is to make trading difficult for the country bearing the sanctions to trade with the country imposing the sanction. For instance, if China impose trade sanction on Nigeria, it will be difficult or almost impossible for Nigeria to trade with China.
Trade sanction is a kind of punishment to the country it is imposed on.
Embargo on the other hand is also a trade sanction in which the government of a particular country orders that trade should be restricted with a specific country or exchange of a specific commodity.
Trade sanction and embargo are designed to isolate a country and create difficulties in trading with the country imposing the sanction.
<u>Solution and Explanation:</u>
<u>The following steps should be undertaken:
</u>
1. She should create extensive records of receipts, expenses, and other business dealings to demonstrate her profit intent which will give strength to fact that her activity is a business endeavor rather than hobby.
2. Secondly, she should keep ready a written and well-documented business plan clearly outlining the steps she would be taking to cut down losses and start earning profit.
3. She should demonstrate that she depends on her business endeavor for her livelihood to repel notion of it being a hobby.