1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paraphin [41]
3 years ago
14

1. David has a monthly net income of $1,360. His fixed monthly expenses consist of a rent

Business
2 answers:
xz_007 [3.2K]3 years ago
8 0

Answer:

Answer is $156.

Therefore,

Refer below for the explanation.

Explanation:

As per the question,

Net income is $1360,

Monthly rent $450,

Student loan $116.

As he buys a tv set with credit card and he has student loan so he has safe debt load of 20%.

Solution,

1360×20%=272.

As he already pays student loan so,

272-116=156.

So he can pay $156.

zalisa [80]3 years ago
6 0

Answer:

The largest monthly payment he can afford for the T.V set in order to be kept within a safe load of 20% is $156

Explanation:

Before we calculate, let us extract the key information from this question:-

*** David's monthly net income is $1,360

*** David pays a monthly rent of $450

*** He is paying off a student loan which costs him $116 per month.

*** He intends purchasing a new T.v set

*** We are simply required to determine the largest monthly payment that David can afford for the T.v set in order for him to be kept within a safe load of 20%.

In order to calculate the largest monthly payment that he can afford for the T.v set so as to be kept within a safe load of 20%, we will need to determine the actual amount that is twenty percent of his net income. If his net income is $1,360 then twenty percent of it is:

20/100 × 1360

= 27200/100

= $272

All we need to do now to find the largest monthly payment he can afford for the TV set is to subtract the student loan that he is paying off monthly ($116) from twenty percent of his net income ($272). That is:-

$272 - $116 = $156

Therefore the largest monthly payment that David can afford for the television set in order for his credit card payments and student loan to keep him within a safe debt load of 20% is $156.

You might be interested in
Martinez Company has three cost pools and two doggie products (leashes and collars). The activity cost pool of ordering has the
nikdorinn [45]

Answer:

The cost assigned to leashes for supervising is $180,000

Explanation:

Estimated Overhead Cost Drivers Overhead Rates

$ 260,000.00          130,000         $ 2.00 Per Order

$ 400,000.00          800,000 $ 0.50 per Part

$ 300,000.00          25,000         $ 12.00 Per Hour

Labor hours for the leashes is 15,000 hours

Cost assigned to leashes for supervising = 15,000 x 12 = $180,000

3 0
3 years ago
Which of the following activities describes the opportunity cost of attending an economics class?
zhuklara [117]

Answer:

C is the correct option

Explanation:

Opportunity cost is a concept of Macroeconomic theory. It is also known as an alternative cost. It is the value of what one gives up to choose something else. In simple terms, we can say that it is the value of the road not taken. In the above question, the value of the activities one had to leave to attend the economics class woul be known as the Opprtunity cost.

5 0
3 years ago
Maura had to get a $350 emergency loan at a very high interest rate to pay for dental work. The lender did not need her credit h
Luba_88 [7]

Answer:

It would be A) Raina is correct because the loan is a line of credit.

Explanation:

7 0
3 years ago
Raphael Corporation’s common stock is currently selling on a stock exchange at $85 per share, and its current balance sheet show
konstantin123 [22]

Answer:

Total preference dividend = $7,500

Equity dividend = $11,500 - $7,500 = $4,000

Explanation:

Total of stockholder's equity = $280,000

Less: Retained Earnings = $150,000

Less: Equity = $80,000

Preference Capital = $50,000

Rate of preference capital = 5%

Preference Dividend if in arrears would have to be paid first in priority to Equity.

Total preference dividend in arrears = $50,000 \times 5% = $2,500 per year

For 2 years = $2,500 \times 2 = $5,000

In the current year also firstly preference will be paid, therefore current year preference dividend = $2,500

Total preference dividend = $7,500

Equity dividend = $11,500 - $7,500 = $4,000

8 0
3 years ago
monopolists are criticized because they are inefficient. what is meant by this statement? group of answer choices monopolists do
alina1380 [7]

Most people criticize monopolies because they charge too high a price, but what economists object to is that monopolies do not supply enough output to be allocatively efficient. To understand why a monopoly is inefficient, it is helpful to compare it with the benchmark model of perfect competition.

<h3>What are monopolies?</h3>

When there is just one seller in the market, it is called a monopoly. The monopoly case is typically viewed as the complete antithesis of perfect competition in economic research. The industrial demand curve, which slopes downward, is, by definition, the demand curve that the monopolist faces.

A monopoly is when one business and its product control a whole sector, there is little to no competition, and customers are forced to buy the particular products or service from the one business.

Examples of natural monopolies include corporations that provide utilities such as electricity and natural gas. They are monopolies because it is expensive to enter the market and because newcomers are unable to offer the same services in numbers and at costs similar to the dominant enterprise.

To learn more about monopolies visit:

brainly.com/question/5992626

#SPJ14

4 0
1 year ago
Other questions:
  • The costs transferred from a prior process to a subsequent process are a.treated as another type of materials cost for the recei
    13·1 answer
  • During a recent brainstorming session, one of Franklin's co-workers suggested that their company could sell some of the data con
    10·1 answer
  • Which of the following is the raw material for forging? Select one: a. Sand b. Solid metal c. Plastic d. Molten metal
    10·1 answer
  • CoffeeCarts has a cost of equity of ​, has an effective cost of debt of ​, and is financed with equity and with debt. What is th
    5·1 answer
  • You manage a risky portfolio with an expected rate of return of 22% and a standard deviation of 35%. The T-bill rate is 6%. Your
    12·1 answer
  • 1. I Co. recently began production of a new product, an electric clock, which required the investment of
    8·1 answer
  • On July 16, 2017, Logan acquires land and a building for $500,000 to use in his sole proprietorship. Of the purchase price, $400
    8·1 answer
  • 2. An A firm has sales of $10 million, variable costs of $4 million, fixed expenses of $1.5 million, interest costs of $2 millio
    8·1 answer
  • A quality control activity analysis indicated the following four activity costs of a hotel:
    14·1 answer
  • What's price in economics
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!