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
Lisa [10]
3 years ago
10

Affan Chawdry has monthly net income of $1,050. He has a house payment of $450 per month, a car loan with payments of $375 per m

onth, a Visa card with payments of $50 per month, and a credit card with a local department store with payments of $100 per month. What is Affan's debt payments-to-income ratio
Business
1 answer:
Stolb23 [73]3 years ago
8 0

Answer:

92.86%

Explanation:

Debt-to-income ratio is a comparison or personal debts against income.  It is used to assess an individual ability to accommodate more debts.

The formula for for calculating Debt to income is

Debt to income is   <u> Total of Monthly Debt Payments​​  </u>

    Gross Monthly Income        

For Affan, Total debts are $450 + $375 + $50+ $100 =$ 975

Gross income is not given , we use net income which is $1,050

Debt to income ration =  $975/$1050

=  0.92857 x 100

= 92.86%

You might be interested in
In pursing its own interest, an oligopoly firm will decide to increase production by 1 unit as long as
tamaranim1 [39]

In pursing its own interest, an oligopoly firm will decide to increase production by 1 unit as long as the output effect is larger than the price effect. An oligopoly happens when there is limited competition because there are only a small number of producers or sellers in the market. Due to limited competition there is no need for most of these businesses to produce more unless the output is going to produce more and become sustainable for their consumers demand.

7 0
3 years ago
"Today, the term dry run is often used to refer to a rehearsal of some sort. This meaning originated in the field of firefightin
aleksklad [387]

Answer:

definition by etymology

Explanation:

<em>Etymology</em> is called the study of the origin of individual words, their chronology, their integration into a language, as well as the source and details of their changes in form and meaning.

In languages ​​with a long written history, etymology is a discipline related to philology and historical linguistics, which includes the study of the origin of words by investigating their original meaning, their structure, as well as their diachronic evolution, that is, possible changes that have occurred over time.

Also, to obtain some direct source, for example writing, by means of comparative linguistic methods, data related to extremely old languages ​​can be reconstructed. Thus, through analysis of other related languages, linguists can make inferences about the language from which they originate and their vocabulary.

6 0
3 years ago
Why would a company want to avoid overworking its employees?
Amanda [17]
B seems like the most reasonable
7 0
2 years ago
Audiences are allowed to preview (sneak preview) actual movies such as The Hunger Games and Star Trek so that changes might be m
evablogger [386]

Answer:

The correct answer is: market testing.

Explanation:

A market test, also known as an experimentation technique, is a research technique that consists in trying to know directly the response of people to a product, service, idea, advertising, etc., in order to obtain certain information necessary for a investigation.

Generally, a market test is carried out before the launch of a new product, in order to evaluate its acceptance or reception, and thus reduce the risk of introducing the new product to the market and that it does not have sufficient demand.

When carrying out the market test, the acceptance, reception, printing, reaction or behavior of the public before the new product is known and, based on the results, to determine if the launch of the new product is feasible, if it is necessary to make some changes before its launch, or if the launch is definitely not feasible.

7 0
3 years ago
A formulator does all of the following except? A) finds solutions for problems. B) thinks outside-the-box C) figures out specifi
jeka57 [31]
The answer for this question is D
6 0
3 years ago
Read 2 more answers
Other questions:
  • Joy has been saving her earnings to make a down payment on a new car. which loan terms will result in highest total cost for the
    10·1 answer
  • Select all the decision-makers that experience scarcity.
    8·1 answer
  • Assume that Simple Co. had credit sales of $250,000 and cost of goods sold of $150,000 for the period. It estimates that 1 perce
    9·1 answer
  • You are directed to study the actors close to the company that affect its ability to serve its customers-departments within the
    15·1 answer
  • ________ refers to the process of giving new employees the information they need to do their work comfortably, effectively, and
    7·1 answer
  • Sabrina decided to start selling lemonade on her street. The other kids in the neighborhood noticed that Sabrina was making a lo
    10·1 answer
  • A taxpayer, in the 25% bracket before considering the sale, sold for a gain of $10,000 a residential rental building, purchased
    6·1 answer
  • Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smiths
    14·1 answer
  • Assume that you are running for president of a local sports club, for which there is another contender. Although you have admini
    9·1 answer
  • A candy bar manufacturer is interested in trying to estimate how sales are influenced by the price of their product. To do this,
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!