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Jlenok [28]
4 years ago
5

"A lender has reviewed the financial statements for an apartment property, and the lender requires a debt coverage ratio of 1.4.

If the mortgage payment will be $100,000 annually, the lender will require that the property generate"
Business
1 answer:
vodka [1.7K]4 years ago
5 0

Answer:

The lender will require that the property to generate $140,000 to maintain the required debt coverage ratio.

Explanation:

Use the formula of Debt coverage ratio to calculate the return that property should generate for required Debt coverage ratio.

Debt Coverage Ratio = Net Income / Loan amount

1.4 = Net Income / $100,000

Net income = $100,000 x 1.4

Net income = $140,000

The lender will require that the property to generate $140,000 to maintain the required debt coverage ratio.

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An important component of treating obesity is increasing physical activity or exercise: Exercise. For those who are obese, 150 minutes a week of moderate-intensity exercise is required to either maintain current weight loss or to stop further weight gain.

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6 0
1 year ago
Flo is working on a construction site when she is injured on the job in the collapse of a girder company-made beam. at the time,
Bumek [7]
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4 0
3 years ago
Universal Containers has two sales groups. Each group has its own unique sales process. What is the best way to ensure that sale
Gre4nikov [31]

Answer:

The use of a proper CRM.

Explanation:

A CRM basically means or translate to a Customer Management System.

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8 0
3 years ago
Ken makes a monthly income of $3000 after taxes. Every month, he spends 40% of his income on clothing. How much money does Ken s
In-s [12.5K]
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$1200
 
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4 years ago
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Illusion [34]

Answer:

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Explanation:

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