Answer:
Debt to income ratio is all your debt payments divided by all the money you earn during a month. Generally you are considered to be in good financial shape when your debt to income ratio is less than 20%, if it's less than 10% it is even better.
Kim's gross income = $1,230 - $165 (taxes) = $1,065
Kim's total debt payments without new debt = $134 (credit card payments)
Kim's total debt payments including new debt = $134 + $172 (new debt) = $306
Kim's debt to income ration without new debt = $134 / $1,065 = 12.58%
Kim's debt to income ration with new debt = $306 / $1,065 = 28.73%
Currently Kim's debt to income ratio is only 12.58% which is very good, but if she takes the new loan then her ratio will increase to 28.73% which is extremely high and not prudent.
Answer:
Code of ethics
Explanation:
Code of ethics is described as the set of the principles which are followed or conduct within the business or organization, it helps in guiding the behavior as well as help in decision making.
The motive of the code id to provide the members and the other parties who are interested with the guidelines form taking an ethical choices while conducting or performing the work.
In short, it is a written as well as formal statement of the ethical standards as well as values, which the guide the actions of the firm.
Answer:
Explanation:
* M1 = currency in circulation + checking deposits
* M2= M1 + short term money deposits + 24 hour market funds
a) Deborah CD - M2
b) Van - M1 and M2
c) Carlos savings account - M2
Answer:
D. Functional Strategies
Explanation:
Functional Level Strategy is the strategy which is formulated in other assist in the execution of corporate and business level strategies. These strategies are formulated based on the guidelines given by the top level management.
The functional level management is concerned with tactical decision making i.e making decisions in the operational level of the organisation department which might include production, marketing, finance, human resource, research and development etc.
The functional level strategy is a day to day strategy that assist in achieving the broad aim of the organisation
The captains of industry like J.P. Morgan<span> respond to signs that the stock market was about to </span><span>collapse by meeting each other and trying to save the market. J.P. Morgan invited the leading bankers and financial experts to his home where they set up a shop in his library. They labored to channel money from strong institutions to weaker institutions to keep them afloat. Their efforts improved the condition of the economy over several weeks.</span>
