1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
JulijaS [17]
3 years ago
11

Kim is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Kim is living a

t home and works in a shoe store, earning a gross income of $1,070 per month. Her employer deducts $210 for taxes from her monthly pay. Kim also pays $128 on several credit card debts each month. The loan she needs for chiropractic school will cost an additional $85 per month.
Required:
Calculate her debt payments-to-income ratio without college loan.
Business
1 answer:
Vinil7 [7]3 years ago
7 0

Answer:

Explanation:

Gross income = 1070

net income = gross income - tax = 1070 - 210 = 860

payment to credit card = 128

debt payment to income ratio without college loan

= 128 / 860

= .1488

You might be interested in
The Western Acres neighborhood is a highly desirable area in which homes very seldom go on the market. The Western Acres propert
Aleksandr [31]
Sellers Market
(when demand exceeds supply, more buyers than homes available, leads to multiple buyers interested in a single property, this results in bidding wars driving the price up)
6 0
4 years ago
Name four reasons for the success of the mongols as conquerors
vagabundo [1.1K]
Here are some of the reasons why the Mongols were so successful as conquerors:
1 they had Genghis Khan - he was a military genius who managed to train his army well and lead them into many battles
2 they were numerous - there were over 10,000 people in the Mongolian army
3 their military strategists were quite crafty - they relied on setting traps and tricking their enemies
4 they used cruelty and fear - everyone was afraid of the Mongols and what they would do to them if they caught them
7 0
4 years ago
Hello i really need help thank u
lukranit [14]
I would need to be able to watch the video to help you I’m sorry
5 0
3 years ago
A firm has just ended the calendar year making a sale in the amount of​ $200,000 of merchandise purchased during the year at a t
MrRissso [65]
B I THINK IT IS I'M NOT SURE
8 0
4 years ago
What level of management is responsible for originating capital budgeting proposals?
Bess [88]

It is the work of all level of management.

Companies use capital budgeting to analyze large projects and investments, such as new factories or equipment. The technique involves assessing a project's financial inflows and the  outflows to see whether the expected return is within a certain range. Capital budgeting methodologies include discounted cash flow, payback, and throughput studies.

Accountants provide this information, giving ownership the first tool it requires to start preparing the capital budget. Accounting firms often provide predictions of future earnings and the costs of alternative financing solutions to help management make decisions.

Therefore, the answer is all level of management.

To know more about capital budgeting click here:

brainly.com/question/24301148

#SPJ4

6 0
2 years ago
Other questions:
  • What is the main purpose of a sprint review?
    14·1 answer
  • Checking accounts at a local bank carry an average balance of $3,000. The bank turns over its balance 6 times a year.
    14·1 answer
  • The ________ for natural skin care company Burt’s Bees is to "create natural, Earth-friendly personal care products formulated t
    15·1 answer
  • Sharp Corp. granted an employee an option to purchase 12,000 shares of Sharp's $5 par value common stock at $20 per share. The B
    10·1 answer
  • Many economists believe the strict definition of perfect competition does not exist in real world. Yet, this model is the point
    6·1 answer
  • With respect to the 4ps and marketing research which technique is out of place:_______
    11·1 answer
  • An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $
    5·1 answer
  • Aurora corporation operated without insurance coverage for the first month or operations then on February 1st the company paid t
    5·1 answer
  • DUE THIS WEEK! WILL GIVE BRAINIEST
    9·1 answer
  • it has nothing to do with the market value of the company. No matter what the market value is at today’s time, the balance sheet
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!