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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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Answer:

D. Ingestion

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8 0
3 years ago
Allison will graduate from high school next June. She has ranked her three possible post-graduation plans in the following order
Dmitrij [34]

Answer:

<u>tutoring opportunity cost: </u>20,000 consulting job

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Explanation:

opportunity cost: cost of the best rejected project, proposal or income

income from work as a consulting job: 20,000

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collegue cost of 5,000

The tutorng has an externality of travel around the world. We can measure how much Allison values that chances but it is something she will consider when picking her plan.

6 0
3 years ago
Net domestic product (ndp) equals the output of the economy (gdp) ________ the depreciation of the nation's capital goods. this
dybincka [34]
<span>Net domestic product (NDP) equals the output of the economy (GDP) minus the depreciation of the nation's capital goods. This is an indicator of how much a nation must "invest" to continue that current GDP.

To solve for the NDP your equation would be:
NDP = GDP - depreciation
When you are finding the NDP of something, you are commonly referring to a house, vehicle or the life span of a machine. </span>
5 0
3 years ago
Mary works for a small computer software company. Her boss is constantly improving the company's products but neglects customers
Artemon [7]

Answer:

A) production-oriented

Explanation:

Since in the question it is mentioned that Marry who works for a small computer software based company. Her boss is improving the products of the company in a constant way but at the same time he avoided the customers, billing and the company promotion

So here the boss is stuck in the production oriented as he full focused on improving the products so that he could produce the high quality products by applying the innovation

Therefore the correct option is A.

8 0
3 years ago
A chemical engineer working for a large chemical products company was asked to make a recommendation about which of three mutual
anastassius [24]

Answer: a. DN

Explanation:

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This means that below the MARR, the project will bring in less than the costs it incurred. This is therefore not ideal.

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The company should not invest or rather Do Nothing.

6 0
3 years ago
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