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Rina8888 [55]
3 years ago
9

Two months ago, Lisa was honorably discharged from the Air Force where she spent four years training as an airplane mechanic. Af

ter discharge, she relocated to take a 40 hour per week apprentice mechanic job with a major airline company where she earns $18 an hour. Last month, her husband Dave, who has worked the past two years as a registered nurse, found a nursing job with a local hospital making $625 per week. They just bought a new car and pay $400 each month on that loan and have no other monthly debts.
What is the maximum mortgage payment (PITI) a lender would allow for a conventional loan based on the housing expense ratio?
​
Business
1 answer:
Colt1911 [192]3 years ago
7 0

Answer:

The maximum mortgage payment (PITI) a lender would allow for a conventional loan based on the housing expense ratio is:

$1,506.40

Explanation:

a) Data and Calculations:

Lisa works 40 hours at $18 an hour

Lisa weekly income = 40 * $18 = $720

Lisa monthly income = 40 *$18 * 4 = $2,880

Dave weekly income = $625

Dave's monthly income = $625 * 4 = 2,500

Total joint monthly income =            $5,380

b) If Lisa and Dave, her husband, file jointly for taxes, then the maximum mortgage payment (PITI) they can make is 28% of the gross income.

Therefore PITI = $5,380 * 28% = $1,506.40

c) The housing expense ratio is the percentage of your gross monthly income devoted to housing expenses, which should not exceed 36% of your monthly or annual gross income.  According to the general rule, the household expense payments, primarily rent or mortgage payments, cannot exceed more than 28% of the monthly or annual income.

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John Hardley recently joined as marketing director of H2O, a water sports gear company. Though in the last five years the compan
Leviafan [203]

Through his latest decisions that led the H2O company to have a historic peak in sales, marketing director John Hardley is considered to have a proactive personality.

<h3 /><h3>Proactivity at work</h3>

A proactive person is one who takes responsibility for their actions, seeking to perform tasks in the best possible way, being always available to solve problems and deal with unforeseen events in a positive way.

In the workplace, proactive professionals can make all the difference, by contributing with their dedication, dynamism and adaptation to the constant changes and risks inherent to the business.

Therefore, Hardley achieved positive results in the company by demonstrating his proactivity by taking steps to restructure the company, through the renewal of the brand's visual and marketing campaigns.

The correct answer is:

D) Hardley has a proactive personality.

Find out more information about proactive personality here:

brainly.com/question/7156203

8 0
2 years ago
The janitor at a school discovered a leak in a pipe. the janitor found that it was leaking at a rate of 99 fl oz per minuteminut
Dahasolnce [82]
99 fl ounces is roughly = 0.77 gallons
that being 0.77 x 60 
46.2 gallons per hour.
8 0
3 years ago
A decrease in the fixed asset turnover ratio from 3.0 to 2.2 indicates a.an unfavorable change in the efficiency of using fixed
kakasveta [241]

Answer:

d.an unfavorable change in the efficiency of using fixed assets to generate sales.

Explanation:

Since as we can see in the given situation that there is the reduction in the fixed asset turnover ratio i.e. it is reduced from 3 to 2.2 this means that there is a change i.e. unfavorable or non-favorable with respect to the efficiency of applying the fixed asset in order to producing or generating the sales

Therefore the option d is correct

6 0
2 years ago
After the formation of a free trade area for its member countries, the United States found that its high-cost furniture producer
Damm [24]

Answer: Trade creation

Explanation:

Trade creation is the increase in economic welfare which occurs when a country joins a free trade area, like the customs union. Trade creation will happen when the ltariff barriers has been reduced which leads to lower prices.

Trade creation leads to lower cost on producers which will lead to a rise in economic welfare and consumer surplus. Trade creation also leads to expansion of trade.

6 0
3 years ago
You are bullish on Telecom stock. The current market price is $100 per share, and you have $15,000 of your own to invest. You bo
likoan [24]

Answer:

10%

Explanation:

Value of investment in the beginning = $30,000

Value of investment at the end = $30,000 (1 + 0.08)

                                                    = $30,000 × 1.08

                                                    = $32,400

Interest paid = $15,000 × 6%

                     = $900

Rate of return:

=\frac{Value\ at\ the\ end-Value\ in\ beginning-Interest}{Total\ amount-Borrowed\ amount}\times100

=\frac{32,400-30,000-900}{30,000-15,000}\times 100

=\frac{1,500}{15,000}\times 100

      = 10%

Rate of return is 10% if the price of Telecom stock goes up by 8% during the next year.

7 0
2 years ago
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