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
What are the verbs in this sentence their fur helps them defend themselves
LenKa [72]
Helps and defends.......................
5 0
3 years ago
Read 2 more answers
Southwest U's campus book store sells course packs for $14 each. The variable cost per pack is $12, and at current annual sales
Mumz [18]

Answer:

$23,000

Explanation:

current annual sales = 49,000 packs

Selling price of course packs = $14 each

variable cost per pack = $12

Earnings = $75,000

Contribution:

= current annual sales × (Selling price of course packs - variable cost per pack)

= 49,000 packs × ($14 - $12)

= 49,000 packs × $2

= $98,000

Fixed costs of producing the course packs:

= Contribution - Earnings

= $98,000 - $75,000

= $23,000

4 0
3 years ago
When economists say that a good is non-rival in consumption, they mean that:____.
juin [17]

Answer: When economists say that a good is no -rival in consumption, More than one person can enjoy the good at the same time

A good is excludable if someone can be prevented from using it. A good is rival in consumption if one person's use reduces others' ability to use the same unit of the good. Markets work best for private goods, which are excludable and rival in consumption. Markets do not work well for other types of goods.

5 0
3 years ago
A distributor of large appliances needs to determine the order quantities and reorder points for the various products it carries
laiz [17]

Answer:

a) 32 refrigerators

b) 28.39 approximately 29 refrigerators

Explanation:

Given:

Cost of order, S = $100

H = 20% of 500 = 100

Cost of refrigerator = $500

Annual demand, D = 500

S.d = 10

Lead time, L = 7 days.

a) To find the economic order quantity, Q_opt, let's use the formula:

Q_opt = \sqrt{\frac{2*D*S}{H}}

= \sqrt{\frac{2*500*100}{100}} = 32

The economic order quantity is 32 refrigerators.

b) The reorder point, R, is calculated as:

R = (d' * L) + ( z * s.d)

Where d' is daily demand which is calculated by dividing annual demand by 365 days.

d' = 500/365 = 1.37

At 97% service probability.

Using the excel function, NORMSINV(0.97) = 1.88.

Therefore z = 1.88

Solving for R, we have:

R = (1.37 * 7) + (1.88 * 10)

= 28.39

≈ 29

If the distributor wants a 97% service probability, the reorder point, R, should be 29 refrigerators

8 0
3 years ago
Please answer i m confused
valentinak56 [21]

False heebejeebiesweebies

4 0
3 years ago
Read 2 more answers
Other questions:
  • Employers can try to overcome the moral-hazard problem involving their employees by:
    13·1 answer
  • Hawk-Dove (or Chicken) (t = tough, c = concede)
    14·1 answer
  • Which of the following is true? ADebit Cards often have a higher interest rate than Credit Cards. BDebit cards offer the highest
    9·1 answer
  • Audrey travels for business three to four days a week and is not always near power outlets. She needs a solution for when her la
    10·1 answer
  • What if the meaning of the cumulative EAC (cell M105) at the conclusion of Period 6?
    8·1 answer
  • Depreciating assets:
    14·1 answer
  • Local adaptation is typically preferred by managers who are charged with making the international business successful in their c
    10·1 answer
  • What is meeting the deductible?
    6·1 answer
  • Metcalf Company leases a machine from Vollmer Corp. under an agreement which meets the criteria to be a finance lease for Metcal
    7·1 answer
  • On January 1, 2021, the Shagri Company began construction on a new manufacturing facility for its own use. The building was comp
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!