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zvonat [6]
3 years ago
14

Seth has a monthly income of $2,500. He has a $400 car payment and owes $225 on electronic equipment. What is the percentage of

Seth's income he is paying out in debt payments
Business
1 answer:
WITCHER [35]3 years ago
4 0

Answer:

25%

Explanation:

Given:

Seth has a monthly income of $2,500

He has a $400 car payment

He owes $225 on electronic equipment.

Question asked:

What is the percentage of Seth's income he is paying out in debt payments?

Solution:

He has a car payment = $400

He owes on electronic equipment = $225

<em>These two items are treated as debt for Seth as these items are used first then pay for it.</em>

Total debt =  $400 +  $225

Total debt = $625

Now, we will find percentage of Seth's income he is paying out in debt payments,

Percentage =\frac{Total \ monthly \ debt}{Total \ monthly\  income}

                  =\frac{625}{2500} \times100\\\\ =\frac{62500}{2500} \\\\ =25

Therefore, 25% of Seth's income he is paying out in debt payments.

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Answer and Explanation:

Inventory is an asset and is posted on the asset side of the balance sheet. As per accounting standards regarding inventory valuation, it can be either valued at historical cost or at market price, whichever is lower.

Historical cost is the cost at which asset was acquired. Market price is the price which would be received if the asset is replaced as on the date on which balance sheet is prepared. Inventory is valued at lower of the above mentioned costs.

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3 years ago
A business received an offer from an exporter for 10,000 units of product at $13.50 per unit. The acceptance of the offer will n
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Answer:

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Explanation:

Giving the following information:

A business received an offer from an exporter for 10,000 units for $13.50 per unit.

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Variable 12

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Effect on income= 10,000*(13.5 - 12)

Effect on income= $15,000 increase

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2 years ago
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Answer:

Multi-Segment Marketing

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Answer:

Test answer

Explanation:

Please delete that answer

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Answer:

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