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Natali5045456 [20]
3 years ago
14

Trudy’s monthly expenses are outlined in the chart below. Trudy’s job pays her $36,000 annually. Determine Trudy’s DTI (debt-to-

income) ratio. Trudy's Debt and Income Income: $36,000 (annually) Rent: $695 (monthly) Car Payment $265 (monthly) Student Loan $200 (monthly) Credit Cards $160 (monthly) a. 28% b. 35% c. 37% d. 44% Please select the best answer from the choices provided A B C D
Business
2 answers:
cluponka [151]3 years ago
6 0

Answer:

d. 44%

Explanation:

Calculation to determine what DTI ratio is

First step is to calculate the Debt

Using this formula

Debt = (Rent expense + Carr payment + Loan + Credit card payment) × Number of months in a year

Let plug in the formula

Debt =[($695 + $265 + $200 $160) × 12 months]

Debt= $1,320 × 12 months

Debt = $15,840

Now let calculate DTI ratio using this formula

Using this formula

Debt to income ratio = (Debt) ÷ (Income) × 100

Let plug in the formula

DTI ratio=[ ($15,840 ÷ $36,000) × 100]

DTI ratio=0.44*100

DTI ratio= 44%

Therefore DTI ratio is 44%

Art [367]3 years ago
6 0

Answer:

I found the missing data:

Monthly expenses:  

rent is $695

car payment is $265

student loan's $200

credit cards $160

695 + 265 + 200 + 160 = 1,320

1,320 * 12 months = 15,840

Debt-to-Income ratio = 15,840 / 36,000

Debt-to-Income ratio = 0.44

Trudy's DTI ratio is d. 44%

Explanation:

All credit to BlueSky06 for this answer.

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When John checked into his Orlando hotel, the front desk clerk informed John that his room would not be ready for another 20 min
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Answer:

b. zone of tolerance

Explanation:

Zone of tolerance is a concept used in customer service, which refers to the range of service performance that a customer perceives to be satisfactory and tolerable. This zone is between the service performance that the customer expects and the adequate or minimum level of service performance.

Considering the information given in the scenario in the question about John, regarding the time that his room would be ready in line with the standard check-in time, we can infer that his wait time fell within his <em>zone of tolerance</em>, as he doesn't mind waiting since the waiting time he expected is between his expectations regarding desired service and the minimum level of service he will accept.

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A stock has a beta of 1.28, the expected return on the market is 12 percent, and the risk-free rate is 4.5 percent. What must th
monitta

Answer:

The expected return=17.78 percent

Explanation:

Step 1: Determine risk free rate, beta and market risk premium

risk free rate=4.5%

beta=1.28

market risk premium/return on market=12%

Step 2: Express the formula for expected return

The expected return can be expressed as follows;

ER=RFR+(B×EMR)

where;

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replacing with the values in step 1;

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Nezavi [6.7K]

This is the primary cost object:

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Explanation:

The firms that handle healthcare are focused on the specific DRG required by the person and not necessarily the number of time healthcare was needed or how many repeated episodes it will involve.

This is because they are concerned with the cost.

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TRUE OR FALSE?
oksian1 [2.3K]

Hi, these are your answers:-

1. When you pay back a loan, you only have to pay the principle amount that was borrowed. <em><u>False.</u></em>

<em>Brief answer:- You have to pay Compound interest and tax also.</em>

2. A budget is a financial plan<em>.</em><em> </em><em><u>True</u></em>

Hope it helps you...

Answered by Benjemin ☺️

✅

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3 years ago
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