Answer:
Total debt ratio will be 44 %
So option (c) will be the correct option
Explanation:
We have given monthly principal and interest on mortgage loan = $635
Monthly Tax and insurance payments = $125
Car lease payment = $350
Now total monthly obligations = $625+$125+$350 = $1100
Gross monthly income = $2500
We have to find the total debt ratio
We know that total debt ratio is given by
Debt ratio 
%
So option (c) will be the correct option
It should be noted that the cash that's used to make purchases as illustrated is the transactionary motive of holding money.
A financial transaction simply means an agreement that takes place between the buyer and the seller. It is the exchange of goods or services.
The transactionary motive of holding money simply means holding money in order to meet daily financial needs such as buying goods.
Read more about cash on:
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Answer:
$25
Explanation:
Data provided in the question:
Initial cost of each hat = $15
Initial number of hats sold = 80
3 less hats will be sold for every $1 increase in price
Thus,
For at least 50 hats to be sold, the store manager can increase the price such that maximum 30 less hats are sold
Therefore,
maximum increase in price = Maximum number of less hats ÷ Number of hats sold less for $1 increase
= 30 ÷ 3
= $10
The prices that the manager can predict that at least 50 hats will be sold will be
= $15 + $10
= $25
Answer:
10 minutes
Explanation:
Data provided in the question
Reception taking time = 3 minutes
Car wash taking time = 5 minutes
Paying the cash register taking time = 4 minutes
Returning to car and leaving taking time = 2 minutes
So, the theoretical flow time in minutes is
= Reception taking time + maximum time of car wash and paying the cash register + returning to car and leaving taking time
= 3 minutes + 5 minutes + 2 minutes
= 10 minutes
Answer:
$116,000
Explanation:
Heather’s beginning capital account balance of $85,000
Add basis of the property contributed $6,000
Add Share of partnership income $40,000
Less Partnership distributed ($15,000)
Ending capital account balance $116,000
