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vfiekz [6]
3 years ago
13

Timothy Carter has net monthly income of $5,400. He has a monthly auto loan payment of $750, a student loan payment of $390, a m

ortgage payment of $1,700, and a credit card minimum payment of $125. What is his debt-payments-to-income ratio? (Round your answer to 1 decimal)
Business
1 answer:
Ainat [17]3 years ago
6 0

Answer:

54.9%

Explanation:

To calculate your debt to income ratio, you must add all your monthly debt payments and divide that number by your monthly gross income:

Timothy's total monthly debt payments = auto loan ($750) + student loan ($390) + mortgage ($1,700) + credit card ($125) = $2,965

Timothy's debt to income ratio = $2,965 / $5,400 = 54.9%

Timothy has too many debts, a good debt to income ratio shouldn't exceed 36-40%.

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Answer:

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3 years ago
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"Greater Florida Builders wants to build a 450-acre housing development. They submit the plans to the local zoning commission wh
babymother [125]

Answer:

Dedicate the property for the school.

Explanation:

In this scenario Greater Florida Builders wants to build a 450-acre housing development. But before getting approval to commence the project the local zoning commission requires the Greater Florida Builders to dedicate a property to the school before it agrees to their proposal.

Local zoning commissions are locally elected government board that recommends to the city council the boundaries of various housing projects and ensuring these boundaries are enforced.

They also apply measures that segregates business property from residential property.

3 0
3 years ago
If the hourly wage of German workers is $6, the hourly wage of Canadian workers is $10, and German workers produce half as much
inessss [21]

Answer:

D) Canada since the cost per unit of output will be lower.

Explanation:

A German worker earns $6 per hour with a X productivity, we can assume X = 10 units, so the labor cost in Germany = $6 / 10 units = $0.60 per unit

A Canadian worker earns $10 per hour with a 2X productivity, we can assume X = 10 units, so the labor cost in Canada = $10 / 20 units = $0.50 per unit

Canadian direct labor is 20% more efficient than German labor.

6 0
3 years ago
Columbus Inc. sells a high end hair dryer in a super competitive marketplace. As a result, market research and competitive press
soldier1979 [14.2K]

Answer:

The hair dryer cost cannot exceed 27 dollars per unit

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the target cost will the one which achieve the target profit at the selling price of the market.

In this case we are given that selling price is $53 and we want to achieve a 26 dollar gain per unit therefore:

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revneue - profit = cost

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3 0
3 years ago
When demand is inelastic, an increase in price will cause
mariarad [96]

Answer:

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3 years ago
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