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maksim [4K]
3 years ago
13

Trudy’s monthly expenses are outlined in the chart below. Trudy’s job pays her $36,000 annually. Determine Trudy’s DTI (debt-to-

income) ratio.
a. 28%
b. 35%
c. 37%
d. 44%
Business
2 answers:
Crank3 years ago
8 0

Answer:

The answer Is D for 2020

Explanation:

lubasha [3.4K]3 years ago
4 0

Answer:

d. 44%

Explanation:

The formula to compute the debt to income ratio is shown below:

Debt to income ratio = (Debt) ÷ (Income) × 100

where,

Debt = (Rent expense + car payment + student loan + credit card payment) × total number of months in a year

= ($695 + $265 + $200  $160) × 12 months

= $1,320 × 12 months

= $15,840

And, the income is $36,000

So, the ratio would be

= ($15,840 ÷ $36,000) × 100

= 44%

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Therrell Corporation has two divisions: Bulb Division and Seed Division. The following report is for the most recent operating p
amm1812

Answer:

a. For Bulb = $183,418.92

b. For Seed = $96,759.49

c. Break even = $336,144.74

Explanation:

Sales = Bulb Division + Seed Division

= $234,000 + $156,000

= $390,000

Variable Expense = Bulb Division + Seed Division

= $60,840 + $32,760

= $93,600

Contribution margin for bulb = Sales - Variable

= $234,000 - $60,840

= $173,160

Contribution margin for Seed division = Sales - Variable

= $156,000 - $32,760

= $123,240

Total = $390,000 - $93,600

= $296,400

Division Income for bulb = contribution margin - Traceable fixed expenses

= $173,160 - $135,730

= $37,430

Division Income for seed division = contribution margin - Traceable fixed expenses

= $123,240 - $76,440

= $46,800

Total of Division income = $296,400 - $212,170

= $84,230

Common Fixed expenses = $25,980 + $17,320

= $43,300

Income = Total of Division income - Common Fixed expenses

= $84,230 - $43,300

= $40,930

Contribution margin ratio for bulb = Contribution ÷ Sales × 100

= $173,160 ÷ $234,000 × 100

= 74.00%

Contribution margin ratio for seed = Contribution ÷ Sales × 100

= $123,240 ÷ $156,000 × 100

= 79%

Total Contribution margin ratio for bulb and seed  = Contribution ÷ Sales × 100

= ($173,160 + $123,240) ÷ $390,000 × 100

= $296,400 ÷ $390,000 × 100

= 76%

a and b. Division’s break-even in sales dollars = Fixed costs ÷ Contribution margin ratio

For Bulb = $183,418.92

For Seed = $96,759.49

c. company’s overall break - even in sales dollars

= (212170 + 43300) ÷ 76%

= $336,144.74

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4 years ago
Each adjusted entry transaction needs to be posted to A. individual journal entries B. individual accrual accounts C. individual
ANTONII [103]

Answer: B. Individual ledger accounts

Explanation:

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5 0
2 years ago
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the
g100num [7]
Have no clue sorry that is not the answer
8 0
3 years ago
Suppose that the u.s. government doubles its spending on health care. the _____ curve shifts _____, output _____, and prices ___
denpristay [2]

The <u>aggregate demand</u> curve shifts <u>right</u>, output <u>increases</u>, and prices <u>increase</u> when the U.S. government doubles its spending on health care.

Aggregate demand or AD refers to the total demand for all individual goods and services.

The aggregate demand and supply for an economy can be depicted by a schedule, a curve, or even an algebraic equation. Just like the demand and supply for individual goods and services.

The total quantity of all goods and services that the economy demands at various price levels is illustrated by the aggregate demand curve.

Therefore, if the U.S. government doubles its health care spending, the aggregate demand curve shifts right, output rises, and prices rise.

Know what happens when there's equilibrium or when supply and demand meet: brainly.com/question/1342403

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8 0
2 years ago
Although the ethics codes of the various professional organizations have specific differences, some of the common themes include
malfutka [58]
<span>Although the ethics codes of the various professional organizations have specific differences, some of the common themes include: being interested in the welfare of clients, avoiding harm and exploitation, and protecting client's confidentiality and privacy.</span>
3 0
3 years ago
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