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Natalija [7]
2 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]2 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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A machine has a cost of $15,000, an estimated residual value of $3,000, and an estimated useful life of four years. The machine
saveliy_v [14]

Answer:

We find the amount in accumulated depreciation by finding the depreciable value:

Asset Cost - Residual Value = Depreciable Value

$15,000 - $3,000 = $12,000

Now, let's divide this by 2 to find the amount in accumulated depreciation at the end of the second year:

$12,000 / 2 = $6,000

4 0
1 year ago
Why is competition limited in an oligopoly
schepotkina [342]

Answer:

High entry costs prevent new producers from entering the market. ... Producers actively segment the market to avoid competition. High entry costs prevent new producers from entering the market.

Explanation:

Hope this helps:)

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5 0
2 years ago
International law governs?
Fittoniya [83]

Answer:

Relations or transaction between independent nations.

Explanation:

Each countries have different law.

Which means that when two countries about to engage in a certain transaction, they need another law as a foundation to regulate the transaction. Using the law of only one of the country will be unfair for the other.

International law will come into picture in such circumstances. During relations or transaction between independent nations, a third neutral party (Such as the agencies from the united nations) will regulate their dealings based on international law that applicable to all members of the united nations.

3 0
3 years ago
The concept "bureaucracy" refers to
Vera_Pavlovna [14]

Answer:

d. An organizational model rationally designed to perform task efficiently.

Explanation:

Bureaucacy is an organization plan that performs daily activities like division of labour, has standardize processes and responsibilities. In bureaucracy, there is relationship between employees, hierarchies and duties are clearly spelt.

An example of bureaucracy is car production department. The department involves so many processes, division of labour and interpersonal relationships among employees.

Thus, bureaucracy tends to perform tasks efficiently due to a number of inputs required to complete the process.

6 0
2 years ago
3
iris [78.8K]

None of the options shows an alternative Tina has, a real alternative would be a credit card and cash ($190)

In economics, an alternative is an element that replaces or substitutes another. For an element to be considered an alternative it needs:

  • To belong to the same category or have the same function.
  • To be possible for the user to replace the first element using the alternative.

Based on this, let's analyze each of the options:

  • Jacket and $100: These are not alternatives because Tina wants a jacket and this product cannot be replaced with money as money will not protect Tina from cold weather.

  • Shoes and a jacket: These are not alternatives because Tina wants the two products not only one.

  • Credit card and $100: These would be alternatives if the total cost was $100. However, using a credit card Tina can pay for both products but using $100 she can only pay for one of the products.

Therefore, the options do not present alternatives; but one valid alternative is a credit card and $190.

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7 0
3 years ago
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