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belka [17]
3 years ago
8

In order to minimize the difficulty associated with meeting monthly loan payments, the debt service ratio should be __________.

Business
1 answer:
Andre45 [30]3 years ago
8 0
In order to minimize the difficulty associated with meeting monthly loan payment, the debt service ratio should be : Below 35 %

This Ratio showed that your annual monthly income still able to cover up your loan payments after considering your housing and other expenses for your daily lives
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On January 1, Gucci Brothers Inc. started the year with a $492,000 balance in Retained Earnings and a $605,000 balance in Common
Lerok [7]

Answer:

Ending stockholders equity 1,200,500

Explanation:

$$Beginning Retained Earnings$$$+/- Net Income/Loss$$$- Dividends$$$Equals Ending Retained Earning

492,000 beginning RE

+92,000 retained earnings

-15,200 dividends

568,000 Ending RE

605,000 + 27,500 = 632,500 Ending Common Stock

632,500 + 568,000 = 1,200,500

3 0
3 years ago
The entry to record the amortization of a premium on bonds payable on an interest payment date would Group of answer choices a d
Afina-wow [57]

Answer:

a debit to interest expense and premium on bonds payable and a credit to cash

Explanation:

Based on the information given The Appropriate journal entry to record the AMORTIZATION OF A PREMIUM ON BONDS PAYABLE ON AN INTEREST PAYMENT DATE will include: a DEBIT TO INTEREST EXPENSE and PREMIUM ON BONDS PAYABLE and a CREDIT TO CASH

Debit Interest expense

Debit Premium on bonds payable

Credit cash

(To record the amortization of premium on bonds payable on an interest payment date)

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3 years ago
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Explanation:

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3 years ago
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Which statement best explains why producers conduct market research? Predicting what the government will do helps producers redu
Blababa [14]

Answer:

Knowing what consumers want helps producers make more money.

Explanation:

The statement that best explains why producers conduct market research would be that Knowing what consumers want helps producers make more money. If the producers know exactly what the consumers want and how much then they can easily create those products knowing that they will sell every last one of them. Therefore eliminating most of the risk involved with production and generating more profit.

5 0
3 years ago
Matilda, an employee, received an e-mail from an angry client about a certain product. Although it was not Matilda's fault, she
oksian1 [2.3K]

Answer:

d. "Shoot the messenger" management exists, implying a lack of control

Explanation:

The approach of "shoot the messenger" implies that the management of a company tend to blame the bearer of bad news as if they are responsible for the bad occurrence.

This approach causes tension and lack of communication in the workplace as employees are afraid of communicating when something bad happens.

Management is supposed to look objectively at the situation, identify the party that is responsible for the failure, and work towards rectifying it.

This is the situation in the scenario where Matilda received an e-mail from an angry client about a certain product and she hesitated to report it to her manager because she knew that he had a tendency to unfairly blame people for things

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3 years ago
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