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
joja [24]
3 years ago
13

As a percent of take-home pay, monthly consumer credit payments should not exceed

Business
1 answer:
likoan [24]3 years ago
6 0
Take-home pay is calculated through individual's monthly gross income and subtracting federal tax, government, health and other contributions.

Consumer credit can be goods, money or services provided to a consumer instead of a payment and an example are credit cards and personal loans.

As a percent of take-home pay, monthly consumer credit payment should not exceed to 20%.



You might be interested in
Sally is playing outside with her brother micah one day and wants to push him down when he takes her swing. sally does not push
grigory [225]
Sally is most likely in the formal operational stage of development. This answer based on Piaget's 4 stages of cognitive development which describes the stages of human's mental development. Piaget's 4 stages of cognitive development consist of the sensory motor, the preoperational, the formal operational, and the concrete operational stage<span>. Sally is in the second stage of this theory. This is because she already has developed her logical thinking.</span>
3 0
3 years ago
Production decision are part of what economic system<br> ?
Elena L [17]

Explanation:

Its part of the command economy

4 0
3 years ago
Read 2 more answers
A new operating system for an existing machine is expected to cost $565,000 and have a useful life of six years. The system yiel
Inessa [10]

Answer:

The net present value of each potential investment:

                         Machine A        Machine B

NPV                   $167,675             $2,267

Explanation:

a) Data and Calculations:

                                                         Machine A        Machine B

Cost of machine                              $565,000         $410,000

Incremental after-tax income            165,000             75,000

Salvage value                                      25,000             26,000

Estimated useful life                           6 years             8 years

Required rate of return                      10%                   10%

Annuity factor                                     4.355                5.335

PV factor                                             0.564                0.467

PV of incremental after-tax income $718,575         $400,125

                                                ($165,000*4.355)   ($75,000*5.335)

PV of salvage value                            $14,100             $12,142

Total PV of income                         $732,675          $412,267

NPV                                                  $167,675             $2,267

= Total PV of income minus PV of initial investment cost

7 0
2 years ago
Beau Corporation sells a unit of its product for​ $250 per​ unit, while its variable costs per unit are​ $75. Fixed cost are bud
wolverine [178]

Answer:

Number of units that must be sold to earn the target profit is 3000 units.

The contribution margin ratio is 0.70

Explanation:

We will use the break even analysis modified for target profit to calculate the number of units needed to earn the desired

The break even point in units is calculated by dividing the fixed cost by the contribution margin per unit. To calculate the number of units required to earn the desired profit, we add the desired profit to fixed cost and divide it by the contribution margin per unit.

Contribution margin per unit = 250 - 75  =  $175

Number of units required to earn target profit = (325000 + 200000) / 175

Number of units required to earn target profit = 3000 units

The contribution margin ratio is = 175 / 250   =  0.7 or 70%

Dollar Sales required to earn target profit = $4,812,500

8 0
3 years ago
The interest paid on a municipal bond, otherwise known as a muni, is generally exempt from federal income taxes. therefore, the
Ratling [72]
That statement is true
A corporate Bond is way more senstive to the condition of the market which will affect the volatility of its value. Since government could technically produce their money from the federal reserve, the municipal bond is technically will always be paid (by risking inflation)
4 0
3 years ago
Other questions:
  • Gerritt wants to buy a car that costs $30,000. The interest rate on his loan is 5.59 percent compounded monthly and the loan is
    15·1 answer
  • Intellectual Property can be protected by
    5·1 answer
  • Driving his motorcycle negligently, joe crashes into a streetlight. the streetlight falls onto kim, who is standing nearby, resu
    14·1 answer
  • Zach is a quality control manager at Fresh Mints International. Any time a problem arises and a decision needs to be made, prese
    12·1 answer
  • A timeline is not a graphic organizer. Please select the best answer from the choices provided True or False
    15·2 answers
  • Wetzel Company has the following accounts and balances at the end of the fiscal​ year: Long−Term Notes Payable ​$150,000 Account
    11·1 answer
  • Members of the Book Promoters Association of Canada recently questioned what could be done to rejuvenate the Canadian book publi
    5·2 answers
  • Assume the corporate tax view of capital structure. Your unleveraged cost of capital is 13%. Your corporate tax rate is 30%. You
    11·1 answer
  • Company P has owned 80 percent of Company S for a number of years. This year Company P bought inventory for $100,000 and sold it
    15·1 answer
  • the involvement of accounting professionals and management in accounting scandals resulted in congress passing the sarbanes-oxle
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!