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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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The 2016 financial statements of Leggett & Platt, Inc. include the following information in a footnote. What are the company
nalin [4]

Answer:

$493.8

Explanation:

Since the 2016 financial statements of Leggett & Platt, Inc. includes the following information in a footnote.  (in millions) 2016 2015 Allowance for doubtful accounts $ 7.2 $ 9.3 Total accounts and other receivables, net $486.6 $520.2

Therefore the company’s current gross accounts and other receivables at the end of 2016 is

Net Total accounts and other receivables, net $486.6

Allowance for doubtful accounts ..........................<u>...$ 7.2</u>

Gross accounts and other receivables................<u>$493.8</u>

<u>The gross accounts and other receivables will be the amounts before making any allowances for doubtful accounts</u>

3 0
3 years ago
A product whose demand rises when income rises, and vise versa, is a __​
Jlenok [28]

Answer:

A product whose demand rises when income rises, and vise versa, is a Normal Good.

Explanation:

Hope this helps! Have a good day!

7 0
1 year ago
In the opinion of the author, an engineer has a moral obligation to whistle blow two additional criteria must be met: the engine
Klio2033 [76]

Answer:

True

Explanation:

Richard De George is known for his work in business ethics. He discussed the conditions to permit whistle-blowing.

According to De George, whistle-blowing is permitted as moral authority when these 3 conditions are met:

1) The harm that will be done by the product [or company action] to the public is severe and considerable.

2) The engineer has told their superiors about their concern

3) The engineer has not received a satisfactory answer from their supervisors and also from other superiors and he is left with no other alternatives.

According to De George, whistle-blowing is mandatory as moral duty when these 2 additional conditions are met:

4) The engineer must have documented evidence that would convince a reasonable observer that his or her view is correct

5) There must be strong evidence that making the information public will in fact prevent the threaten serious harm.

7 0
3 years ago
Darren is eligible to contribute to a traditional 401(k) in 2019. He forgot to contribute before year-end. If he contributes bef
Irina18 [472]

Answer:

True

Explanation:

Base on the scenario been described in the question which, Darren was eligible to assist to a traditional of 401,000 in 2019, but we were told he forgot and later he paid in 15, June 2020, he is look as though he paid in 2019 because and it is true.

The reason why the answer is true is that Darren is that the time he paid the money in July 15, 2020, it was still within the time he allowed to still pay for the year 2019, that's why he considered as though he paid in 2019.

5 0
3 years ago
Santorino Company produces two models of a component, Model K-3 and Model P-4. The unit contribution margin for Model K-3 is $6;
Lynna [10]

Answer:

a. 50%

Explanation:

Model P-4 requires 30 minutes of machine time.

A machine hour consists of 60 minutes

Calculating the machine time of Model P-4 in terms of percent of machine hour:

= (Model P-4 Machine time/Machine Hour)*100

= (30/60)*100

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=50%

So, the percent of Model P-4 machine time in terms of a machine hour is 50%.

6 0
3 years ago
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