Answer:
a) $1,400
b) $1,800
c) $820
Explanation:
If the annual income is $60,000, the gross monthly income is I=60,000/12=5,000.
a) The maximum amount you should spend each month on a mortgage payment is:
b) The maximum amount you should spend each month for total credit obligations (including mortage) is:
c) If we need only 70% of the maximum allowed for the mortage, we have more income available for other debt payments.
The 70% represents:
We substract this from the total budget for debt payments and we have the budget for all other debts but mortage:
Answer:
The Correlation analysis “R” is measured to compute the strength of relationship among variables. Moreover, the value of correlation is calculated among -1 to +1. Which implies that if the computed value is near to -1 then there will be strong but negative relation and if near to +1 then it is strong but relation among the variable. However zero is consider as neutral point.
A. The computed value of correlation is - 0.772. The value identifies that that there is a strong but negative association among the variables (GDP and infant mortality rate).
B. The correlation analysis cannot computed among the variables continent and GDP because "continent" is a categorical variable not quantitative.
C. The computed value of correlation is higher than 1. Thus, the statement implies that there is a very strong relationship among life expectancy and GDP which is incorrect. As the association cannot be higher than 1.
D. There is a strong relationship among literacy rate and GDP as the relationship is nearer to 1. Furthermore, the association among literacy rate and GDP doesn’t suggest the causation.
E. The computed correlation among the variables is 0.90. Which indicated that the variables goes up. That is, when the GDP goes down the import is also decrease and when GDP increases the import increases Thus, the there is a positive correlation.
For the answer to the question above, t<span>he acquisition of land by issuing common stock is </span>a noncash transaction that is not reported in the body of a statement of cash flows. So the answer is A.
I hope my answer helped you.
Answer:
Following are the responses to the given question:
Explanation:
The distribution channel contains several interdependent organizations responsible for the production of a material to be used or use. Different types of goods were available - either qualitative and quantitative. Although two may lead to satisfied customers, the advertising and marketing of goods differ greatly.
There are tangible items that we can see, sound, and feel. For example, in my hand, I could hold a DVD. Immaterial materials are not visible. You can hold insurance papers in the hands, for example, but it doesn't purchase. People can buy family life insurance, and they can see, touch and smell.
The tangible product distribution includes stock or retailer. It includes primarily producers, distributors, suppliers, retailers, or customers.
Generosity or travel products are distributed through companies, marketing officials, distributors, and consumers.
A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit to:
d. Cash for $180
Explanation: As observed above the petty cash receipts are falling short of $3, But that will be adjusted with expenses as its a small amount and balance of $200 needs to be maintained in the petty cash.
