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ruslelena [56]
3 years ago
6

Rimi currently earns $3300 per month. She has the following monthly debt payment expenses: $80 for credit cards, $130 for studen

t loans, and a $215 car payment. She is looking to buy a house. The monthly mortgage, including principal, insurance, taxes, and insurance is $1221. Does Rimi pass the FHA total fixed payments to income ratio requirement
Business
1 answer:
vaieri [72.5K]3 years ago
3 0

Answer:

No, her ratio is greater than 37%

Explanation:

Given:

Monthly income = $3,300

Credit card expenses = $80

Student loan expenses = $130

Car payment = $215

All insurances = $1,221

Computation:

Total debt to income ratio = Total debt / Total income

Total debt to income ratio =  (80 + 130 + 215 + 1221) / 3300

Total debt to income ratio = 49.87%  

Housing payments to income ratio = All insurances / Monthly income

Housing payments to income ratio = (1221) / 3300

Housing payments to income ratio = 37%  

No, her ratio is greater than 37%

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aleksley [76]

Answer:

d. Michaela and her team create goals that balance the strengths, roles, and responsibilities of individual team members.

Explanation:

Development of team goals is most effective when the set targets are effectively being achieved by the team as a whole.

This entails that each team member contribute their own quota to the process.

The whole team is now involved in execution of planned actions.

The best statement that portrays this is: Michaela and her team create goals that balance the strengths, roles, and responsibilities of individual team members.

5 0
2 years ago
A country's ability or intention to meet its financial obligations determines its ________.
vodka [1.7K]
The answer is economic risk.
4 0
3 years ago
Risks that are caused by the response to another risk are called secondary risks cumulative risks residual risks mitigated risks
Alecsey [184]

Risk that are caused by the response to the another risk is known as secondary risk. The first option is correct.

<h3>What are risk?</h3>

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There are various kinds of risk one of those kind is the secondary risk in which the risk is taken as a result of the previous actions taken to deal with the situation.

Thus the correct option is Secondary risk.

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5 0
2 years ago
Paul Company completed the salary and wage payroll for the month of March. The payroll provided the following details: Salaries
ololo11 [35]

Answer:

wages expense 212,000 debit

           Income tax payroll payable 42,400 credit

           FICA payable                        16,900 credit

           insurnace premium payable 4,000 credit

           wages payable                   148,700 credit

--to record wages to employees--

payroll tax expense 19,400  debit

        FICA payable                     19,400 credit

--to record employeed payroll taxes--

Income tax payroll payable 42,400 debit

FICA payable                        33,800 debit

insurnace premium payable 4,000 debit

            Cash                                         80,200 credit

--to record payment to gevernment agencies--

Explanation:

We have to deduct from the wages the employee deductions

the remaining is the wages payable

Then, we record the same amount of fica as expense as we, the employer are paying them

Then we debit all the liaiblities which arise from the employees and credit cash for the total amount

6 0
3 years ago
Before a response test, a student should
Jet001 [13]

Answer:

d

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All of these can be useful when taking a test. you should always make a study guide, talk to the teacher, And practice the questions that could be on the test.

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