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serious [3.7K]
4 years ago
13

Kurtis is expecting a promotion which, hopefully, comes with a raise. he would like his raise to help him correct a high debt-to

-income (dti) ratio of 43%. his current annual salary is $53,000. how much of a raise would kurtis need applied to his annual salary to get his dti ratio down to a more reasonable 36%?
Business
2 answers:
Elena L [17]4 years ago
6 0
<span>How much of a raise would Kurtis need to be applied to his annual salary to get his DTI ratio down to a more reasonable 36%? The answer is $10,350.</span>
AleksAgata [21]4 years ago
4 0

it C on e2020................

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Which phrases offer the MOST vivid descriptions in this student's narrative about some children's experiences at an attraction a
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Answer:

I have forgotten later I tell you

Explanation:

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3 years ago
Year-to-date, Yum Brands had earned a 4.40 percent return. During the same time period, Raytheon earned 4.93 percent and Coca-Co
evablogger [386]

Answer:

3.612%

Explanation:

The computation of portfolio return is shown below:-

Portfolio return = (Return of Y × Weight of Y) + (Return of R × Weight of R)

+ (Return of C × Weight of C)

= (4.40% × 40%) + (4.93% × 40%) + (-0.60% × 40%)

= 1.76% + 1.972% - 0.12%

= 3.612%

Therefore for computing the portfolio return we simply applied the above formula.

5 0
4 years ago
The balance in Accounts Receivable at the beginning of the year amounted to $3,360. During the year, $10,640 of credit sales wer
zimovet [89]

Answer: $11,800

Explanation:

Cashflow inflow from Customers is calculated as follows

Cash flow from customers = beginning account receivable + Credit sales - ending Account receivable.

Plugging in figures would give us,

= 3,360 + 10,640 - 2,200

= $11,800

$11,800 is the amount of cash inflow from customers that would appear in the operating activities section of the cash flow statement.

You may wonder what happened to the uncollectible accounts expense amounted of $940. It was meant to confuse you. That figure is dealt with before the ending Account Receivable balance is computed.

5 0
4 years ago
If the reserve ratio increased from 5 percent to 10 percent, then the money multiplier would a. ​rise from 5 to 10. b. ​fall fro
dezoksy [38]

Answer:

c. ​fall from 20 to 10.

Explanation:

The formula for the money multiplier is 1/reserve ratio,this means that the lower the reserve ratio the higher the multiplier, the reason for this is when the reserve ratio is lower banks can loan out a higher proportion of money therefore more money is created thus the multiplier and reserve ratio have an inverse relationship.

when the reserve ratio is 5% the multiplier is 1/0.05=20

When the reserve ratio is changed to 10% the multiplier is 1/0.1= 10

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4 0
4 years ago
The required sales in units to achieve a target net income is:___________ (sales target net income)
a_sh-v [17]

Answer:

<u>3. divided by contribution margin per unit. (sales target net income</u><u>)</u>

<u>Explanation</u>:

In calculating the sales level in units needed to achive a certain net target income, this formula is applied:

Fixed cost + Targeted Income/Contribution margin per unit

<u>Fixed cost:</u> are all the cost that remains constant or unchanged for a longer period of time such as cost of rent, interest payments etc.

<u>Contribution margin per unit: </u>this refers to the difference between the selling price per unit and the variable cost per unit. This portion of the sales revenue covers (contributes to) the fixed costs.

3 0
3 years ago
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