The person eligible for the home loan possesses less debt as compared to the income. Person C has the highest rate on eligibility for a home loan.
The debt to income ratio is the ratio that defines the eligibility of the person that can avail him of the other amount of loans and borrowings.
In the context mentioned above, person C is eligible for the borrowing or the home loan because he has the highest income as compared to debt, and also the debt ratio is least as compared to the other. The debt to income ratio of person C is 3.1%.
Therefore, the correct option is c.
To know more about the calculation of the debt to income ratio, refer to the link below:
brainly.com/question/9911386
Answer:
Option (c) is correct.
Explanation:
The journal entry is as follows:
On March 1, 2013
Interest expense A/c Dr. $2,667
To interest payable $2,667
(To record the payment of the note plus accrued interest at maturity on March 1, 2013)
Working notes:
Interest expense:
= $200,000 × 8% × (2/12)
= $200,000 × 0.08 × 0.167
= $2,667
Blood doping, androgenise agents such as anabolic steroids, all beta-2 agonists and amphetamines are a few
This is an example of variation. The
coefficient of variation, also referred to as the Spearman coefficient of
variation, is a statistical measure that informs us about the relative dispersion
of a data set. Its calculation is obtained by dividing the standard deviation<span> between
the absolute value of the average of the set and it is usually expressed as a
percentage for its better understanding.</span>