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3 years ago

The debt payments-to-income ratio is:

1 answer:

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.

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

Therefore, the correct option is (b)

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General Plastics Corporation instituted a new absenteeism control policy that took effect the first day of June. It expects the

True [87]

Answer: B. The indicator of success was inappropriate.

Explanation:

The new policy was implemented to get 25% reduction in absenteeism. However, if vacations are also counted as absenteeism how would one specify if the policy introduced was successful or not?

Therefore, the success parameter was vague and there should be other parameters in order to judge the success of the new policy implemented.

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4 years ago

Mountaineer Excavation operates in a low-lying area that is subject to heavy rains and flooding. Because of this, Mountaineer pu

Serjik [45]

Explanation:

1. The journal entry is as follows:

On March 1

Prepaid insurance A/c Dr $36,000

To Cash A/c $36,000

(Being the prepaid insurance is recorded for cash)

For recording the advance purchase of insurance, we debited the prepaid insurance and credited the cash account. Both the accounts are recorded at $36,000 so that the proper posting could be done.

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3 years ago

Assume Baldwin Corp. is downsizing the size of their workforce by 15% (to the nearest person) next year from various strategic i

insens350 [35]

Answer: $362,100

Explanation:

I could not find your exact question's details but I believe this can act as a reference.

Baldwin has 473 employees (given as the Complement). They plan to downsize by 15% which means they plan to retrench;

= 473 * 15%

= 70.95

= 71 people

The cost of retrenching one person is;

= 100 + 5,000

= $5,100

For 71 employees;

= 5,100 * 71

= $362,100

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3 years ago

painting is acquired by an individual for use in his home. The painting is not of investment quality. It is later sold at a loss

lubasha [3.4K]

Answer:

The correct answer is e. a. and b.

Explanation:

Capital assets are assets of a permanent nature used in the production of income, such as machinery, buildings, equipment, land, etc. It must be distinguished from inventory.

Painting is a capital asset, but it is also a personal use activity asset sold at a loss. The loss is not deductible.

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3 years ago

Bonnie is writing a cover letter for a job application. She has written the introduction describing her strengths. However, she

VladimirAG [237]

C................ fh

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4 years ago

Read 2 more answers