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max2010maxim [7]
3 years ago
7

Rachel Johnson has net monthly income of $5,210. She has a monthly auto loan payment of $685, a student loan payment of $375, an

d a credit card minimum payment of $125. What is her debt-payments-to-income ratio?
Business
1 answer:
liq [111]3 years ago
5 0

Answer:

Debt payments to income ratio = 22.74%

Explanation:

Debts payment to Income ratio is calculated as follows:

= \frac{Total\ debt\ payment}{Total\ Income}

We have total debts payment = auto loan payment $685 + student loan payment $375 + credit card payment $125 = $1,185

Total Income = $5,210

Note: Credit card is also a kind of debt as firstly all the expenses are met during the period and then the payment is made at the end of the period, therefore, there is a loan in the period. Therefore, it will be considered for payment of debt.

Debt payments to income ratio = \frac{1,185}{5,210} = 22.74

That means the debts are 22.74% of income.

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A new manager starts his work by talking with each member of his team, getting to know their strengths and weaknesses, and helps
wel

Answer: the correct answer is coaching leadership.

Explanation:

The Coaching Leadership Style is a relatively new and guiding leadership style. The leader has these skills when he is able to develop and improve the performance and competences of his employees. The basis of the Coaching Leadership Style is the dynamic interaction between the leader and the employee.

5 0
3 years ago
In 2020, Susan retired from her active participation in a 50% owned restaurant business, which she owned for 20 years. Susan is
icang [17]

Question Completion with Options:

a. Susan cannot deduct the $80,000 loss from the restaurant because she is not a material participant.

b. Susan can offset the $80,000 loss against the $150,000 of income from the retail store.

c. Susan will not be able to deduct any losses from the restaurant until she has been retired for at least three years.

d. Assuming Susan continues to hold the interest in the restaurant, she will always treat the losses as active.

Answer:

Susan

b. Susan can offset the $80,000 loss against the $150,000 of income from the retail store.

Explanation:

Susan can offset the $80,000 loss from the restaurant business against the income from the retail store because she has been an active and material participant in both businesses.  For the past 20 years, she had participated materially in the restaurant, only just retiring this year.   At least, she has passed the material participant test, number 5.

7 0
3 years ago
Use a T-account analysis to determine the amount of cash paid to suppliers of merchandise during the reporting period if cost of
larisa86 [58]

Answer:

The amount of cash paid to suppliers of merchandise during the reporting period is $31

Explanation:

Inventory beginning balance is $90, ending balance is $93

Account payables beginning balance is $14, ending balance is $16

Cost of goods sold is $30

Using T accounts: Beginning Inventory + Purchases - Ending Inventory = Cost of Goods Sold.

Therefore Purchases = Cost of Sales - Beginning Inventory + Ending Inventory

Purchases = 30-90+93 = 33

<h2 />

In the Accounts Payable Account

Opening balance and Credit purchases are on the credit side, while payment to suppliers and closing balance are on the debit side

Therefore: Opening balance + Purchases during the period = Payments during the period + closing balance.

Hence: 14+33= payments during the period + 16

Payments during the period = 14+33 - 16 = $31

7 0
3 years ago
Which of the following would not be considered an analytical procedure? Projecting a deviation rate by comparing the results of
mylen [45]

Answer:

Projecting a deviation rate by comparing the results of a statistical sample with the actual population characteristics is the correct answer.

Explanation:

8 0
3 years ago
The economists at JET Consulting consider Campbell’s Soup to be an inferior good. During a recession, when the income in the eco
Ksenya-84 [330]

Answer:

Shift to right

increase

increase.

Explanation:

Demand curve:- It is a representation of number of units of a service will be bought at which price. It is a graph or plot between price and quantity.price on y-axis and quantity on x-axis.

To bring the equilibrium the the demand curve is needed to shift to right to increase the equilibrium of the price and quantity.

3 0
3 years ago
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