1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Debora [2.8K]
3 years ago
10

Robert owns a $214,000 town house and still has an unpaid mortgage of $150,000. In addition to his mortgage, he has the followin

g liabilities:
Visa $638
MasterCard 509
Discover card 405
Education loan 942
Personal bank loan 887
Auto loan 4,720
Total $8,101

Robert’s net worth (not including his home) is about $21,700. This equity is in mutual funds, an automobile, a coin collection, furniture, and other personal property. What is Robert's debt-to-equity ratio? Has he reached the upper limit of debt obligations? Explain.
Business
1 answer:
Ivenika [448]3 years ago
4 0

Answer and Explanation:

The computation of the debt-equity ratio is shown below

Debt - equity ratio = Debt ÷ Equity

= $8,101 ÷ $21,700

= 0.37

As the ratio is lower than 1 so Robert would not reached the upper limit with respect to the debt obligations

Hence, the same is relevant and considered too

You might be interested in
How do individuals benefit from having health insurance? Why is health insurance likely to become a bigger and more complex issu
SVEN [57.7K]

Answer: Individuals benefit from health insurance because it's helps them pay off health debt when they may not have the funds at the moment to do so, especially in cases where the bills can be very expensive.

Explanation:

Health insurance could be described as insurance that covers the health bills of individuals when they are sick or have an accident.

Individuals benefit from health insurance because it's helps them pay off health debt when they may not have the funds at the moment to do so, especially in cases where the bills can be very expensive.

Health insurance would likely be a problem in the future due to the cost. Health bills can be very expensive, especially when it involves illness that require lots of operations or much bills to pay. This has made organizations begin to withdraw the benefits of health insurance for their staff.

5 0
3 years ago
Straight-Line Depreciation Irons Delivery Inc. purchased a new delivery truck for $42,000 on January 1, 2019. The truck is expec
Ket [755]

Answer:

Annual depreciation= $7,996

Explanation:

Giving the following information:

Purchase price= $42,000

Useful life= 5 years

Salvage value= $2,020

<u>To calculate the annual depreciation under the straight-line method, we need to use the following formula:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (42,000 - 2,020) / 5

Annual depreciation= $7,996

5 0
3 years ago
Which of the following do brands with strong brand equity NOT necessarily have?
MAVERICK [17]

Answer:

A large marketing department is answer

Explanation:

I hope it's helpful!

8 0
3 years ago
If an organization is committed to ethical business conduct that commitment should remain constant
Volgvan
Yes, the above statement is true. <span>If an organization is committed to ethical business conduct that commitment should remain constant. Although several firms and many employees remain constant in their ethical commitment and values, variances can happen.</span>

8 0
3 years ago
In Russia, the economy has gone from Stalin's ________-________ Plans, directed by the central committee, or ________ , to Mikha
kondor19780726 [428]

Answer:

Explanation:

In Russia, the economy has gone from Stalin's five year Plans,  directed by the Central Committee, or Gosplan, to Mikhail Gorbachev's Perestroika,   in the 1980s. This led to increased ownership of property, which continued until Putin, Boris Yeltsin's successor, took power

6 0
3 years ago
Read 2 more answers
Other questions:
  • 1. Which of the following best explains why zoos are not affected by the threats of new entrants?
    9·1 answer
  • Jim works in the accounting department at the Kansas Sunflower Corporation, where it is his job to record all transactions into
    10·1 answer
  • A monopolistic producer of caviar has historically sold all of its caviar to 10 distributors. Recently, one of the distributors
    10·1 answer
  • Chantel works at Coca-Cola. To make the required sales number, Chantel sent more Coca-Cola products to their distributors than w
    14·1 answer
  • Planners &amp; Builders, Inc., enters into a contract with O’Reilly to refurbish a garage on his property as an auto repair shop
    14·1 answer
  • Joe​: ​"i think the key additional information you need to know in deciding whether the doctor should keep the medical practice
    15·1 answer
  • Specify the types of country risks that biopharmaceutical firms face in international business. How do the political and legal s
    5·1 answer
  • A share of ownership in a company is known as which of the following?
    13·2 answers
  • Income can be earned through: <br>- A permanent job<br>- A seasonal job<br>- All of the above​
    9·1 answer
  • Collin Printing began operations on January 1. On January 7, Collin purchased supplies on account for $1,000. At the end of Janu
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!