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Step2247 [10]
3 years ago
14

Q1;Define the following terms;

Social Studies
1 answer:
ser-zykov [4K]3 years ago
5 0

Answer:

Family: People who you are related to.

Immediate Family: Your Parents, your siblings, and you.

Extended family is your aunts, uncles, cousins, grandparents, ect.

1. Yes

2. Yes. Some families could be different nationalities, so they could celebrate different things. All families have someone to lean on. They could have an animal that they love, or parents they depend on.

3. The main role of any parent is to get you through school, get your ready for real life, and make sure your taken care of. They are your role models.

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You work for a lender that requires a 20% down payment and uses the standard debt-to-income ratio to determine
ratelena [41]

According to the standard debt-to-income ratio, the person who would be rated as highest in respect of eligibility for a home loan is person C.

<h3>What is a home loan?</h3>

A home loan is an amount that has been lent for the acquisition or purchase of any house. or apartment for living.

Given values:

<u>Persons    </u>             <u>   Monthly Incomes    </u>      <u> Recurring debts </u>

Person A                    $4,250 ($51,000 / 12)               $350

Person B                     $4,833 ($58,000 / 12)              $250

Person C                     $5,250 ($63,000 / 12)             $200

Person D                     $5,583 ($67,000 / 12)             $450

<u>Step-1 </u> Computation of debt-to-income ratio of person A:

\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$350}{\$4,250}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=8.23\%

<u>Step-2 </u>Computation of debt-to-income ratio of person B:

\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$250}{\$4,833}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=5.18\%

<u>Step-3 </u>Computation of debt-to-income ratio of person C:

\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$200}{\$5,250}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=3.80\%

<u>Step-4 </u>Computation of debt-to-income ratio of person D:

\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\rm\ Recurring \rm\ debt}{\rm\ Income}\\ \rm\ Debt \rm\ to \rm\ Income \rm\ ratio=\frac{\$450}{\$5,583}\\\rm\ Debt \rm\ to \rm\ Income \rm\ ratio=8.06\%

Therefore, after finding debt to income ratios of all persons, the lowest ratio comes out to be of Person C at 3.80% which ranked to be the highest.

Learn more about the debt ratio in the related link:

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2 years ago
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What were some key features of the northwest ordinance of 1785
svp [43]
The territory of the united states , congress of confederation of the united states 
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3 years ago
What is information? Multiple Choice a) Raw facts that describe the characteristics of an event or object. b) Data converted int
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Answer:

b) Data converted into a meaningful and useful context.

Explanation:

Information described by the Merriam Webster dictionary is “the communication or reception of knowledge and intelligence. Knowledge obtained from investigation, study or instruction”. Information described by the Cambridge Dictionary is “news, facts, or knowledge”. Inferring on these two meanings, we could state that the correct answer is the letter (b). Information is a collection of data converted into a meaningful and useful context.

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4 years ago
A food chain flows from blueberry bushes, to mice , to owls , and finally to bobcats. which organism is the secondary consumer?
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Answer:

D. mice

Explanation:

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3 years ago
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In both 1980 and 1995, Quebecers voted to _____Canada.
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Answer:

A to remain part of.

Explanation:

I think that's right! I hope this helps!

50.58% voted no
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