I believe that the answer to the question provided above is that <span> households would change their saving behavior enough in response to this to make a difference, since everyone has their choice of saving or not.</span>
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Answer:
21% to 30%
Explanation:
The debt to income ratio indicates the percentage of the earnings that are being used to pay the debts every month. The guidelines for Marines state that when the ratio is less than 15% they have to be careful when taking a loan and when it is from 16% to 20% they should avoid taking more debt. Also, from 21% to 30%, they are overextended and shouldn't take more debt and more than 30% indicates that they have to get help to decrease the debt.
According to this, a Marine might be considered overextended when the debt to income ratio is between 21% to 30%.
Answer:
a. 0.34 or 34 %
b. $11.22
c. $134,680
Explanation:
Unit Contribution Margin = Sales per unit - Variable Costs per unit
= $33.00 - $21.78
= $11.22
Contribution margin ratio = Contribution ÷ Sales
= $11.22 ÷ $33.00
= 0.34
Operating Income = Contribution - Fixed Cost
= ($11.22 x 24,000 units) - $134,600
= $134,680