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hram777 [196]
3 years ago
14

The debt payments-to-income ratio is:

Business
1 answer:
Phoenix [80]3 years ago
5 0

Answer: The debt payments-to-income ratio is: calculated by dividing monthly debt payments (excluding mortgage payments) by net monthly income.

This ratio is a measure that analyze an person’s monthly debt payment in accordance with his/her monthly income.  

The gross income is the pay before taxes and other variables are deducted.

<em>i.e. </em><em>debt payments-to-income ratio = \frac{Total\: of\: Monthly\: Debt\: Payments}{Gross\:Monthly\:Income}</em>

<em>Therefore, the correct option is (b)</em>

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VOTE TOM NOOK FOR PRESIDENT FOR 2024
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yas I will vote him!

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wait..no! He will just take our money. My answer is a maybe.

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2 years ago
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One major negative effect of globalization has been:
aleksandrvk [35]

Answer:

A. environmental damage due to increased production.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace.

Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

Hence, one of the major advantages of globalization is that, it has ensured or made it possible such that economic and environmental conditions in different countries of the world are related and linked with the intention of generating revenue and profits while providing goods and services to meet the demands or requirements of various consumers across the world.

However, one major negative effect of globalization has been environmental damage or pollution due to increased production by various companies across the world.

Pollution can be defined as the physical degradation or contamination of the environment through an emission of harmful, poisonous and toxic chemical substances.

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3 years ago
A standard owner's title insurance policy generally protects
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Answer:

B.

Explanation:

It shields the new owner of the property from losses that could result unexpected claim to the property by a third party.

8 0
3 years ago
In your discussion post, think about some examples of exponential growth in the real world. They might be examples from science,
Stels [109]

Answer: interest and population growth

Explanation:

Examples of exponential growth in real world.

1. interest on a savings account (finance). example when you deposit let say $1000 in an account that earns you a simple interest rate of 10% in a year you would earn $100, with each year the amount of interest paid continues to grow exponentially. The bank customer or owner of the account stands to benefit from this growth.

2. Population growth ( science ) population continues to grow exponentially overtime due to individuals available to produce not minding the available resources.a large population usually translates to a good economy development due to more people available so the citizen benefits from it.

Examples of career that it would be difficult to work in

1. Financial advisor

2. Bankers

For someone working as a financial advisor or banker would need the knowledge of exponential growth by understanding compound returns. In finance, compound returns leads to exponential growth. Compounding powers is part the most powerful tools in finance. This method is used by financial advisors and bankers for creating large sums from an initial deposit.

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3 years ago
Past costs that are not affected by new decisions are known as
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<span>Past costs that are not affected by new decisions are known as sunk costs. Sunk costs do not need to be taken into account when making new decisions because the money associated with it was already lost and it can not be regained. This money is lost by businesses due to bad decisions, such as poor investments.</span>
4 0
3 years ago
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