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Natalija [7]
3 years ago
12

A prospective borrower has an estimated monthly housing expense of $486, and his monthly obligations total $684. If the borrower

's monthly gross income is $1,950, what is the total obligations ratio?
Business
1 answer:
andrew11 [14]3 years ago
7 0

Answer:

TOR = 0.350

Explanation:

Data provided;

Estimated monthly housing expenses = $ 486

Total monthly obligations = $ 684

The monthly gross income of the borrower = $ 1,950

Now,

the total obligation ratio is calculated as:

Total obligation ratio (TOR) = (Total monthly obligations) / (The monthly gross income of the borrower)

on substituting the values, we get

TOR = $ 684 / $ 1,950

or

TOR = 0.350

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the correct answer is letter C:)

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3 years ago
Firms that are _______ recognize that including a strong social orientation in business is a sound strategy that is in the best
nirvana33 [79]

Answer:

The correct answer is E. socially responsible

Explanation:

A company is socially responsible when it works attached to values and that within its business objectives includes supporting social, economic and environmental needs in order to optimize its competitive situation and its added value.

When a company is socially responsible, it does so by its own decision and not by taxation and its policies, strategies and practices are aimed at favoring its employees, suppliers, family, environment and environment.

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7 0
3 years ago
Cold Creek Kayaks, a manufacturing company, has beginning finished goods inventory of $25,000; cost of goods manufactured of $32
Lelu [443]

Answer:

The cost of goods available for sale is $345,000

Explanation:

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6 0
3 years ago
The amount you owe in state income tax is based on:
Vadim26 [7]
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3 years ago
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The above listed elements have there unique effect on the sales if an organisation.

Advertising is used to create an awareness of the product to the consumer using all forms of advertising such as radio jingle television advert, billboards etc.

Public relations is used to find out the effect of the products in the market and also to get feedbacks from consumer which will enable mgt to plan on ways to correct any issue observed.

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Personal selling is the act of selling the products one on one to customers

3 0
4 years ago
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