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2 years ago

At what debt to income ratio might a Marine be considered overextended

Business

1 answer:

natta225 [31]2 years ago

6 0

Answer:

21% to 30%

Explanation:

The debt to income ratio indicates the percentage of the earnings that are being used to pay the debts every month. The guidelines for Marines state that when the ratio is less than 15% they have to be careful when taking a loan and when it is from 16% to 20% they should avoid taking more debt. Also, from 21% to 30%, they are overextended and shouldn't take more debt and more than 30% indicates that they have to get help to decrease the debt.

According to this, a Marine might be considered overextended when the debt to income ratio is between 21% to 30%.

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Construction workers manufacturing workers and farmers have what in common?

Marina86 [1]

Answer: There career pathways

Explanation:

7 0

2 years ago

Marginal revenue:

natima [27]

Answer:

A. is the change in total revenues resulting from a change in output.

Explanation:

The marginal revenue is the additional revenue that can be generated by the addition of the sales of one more unit and by selling those additional units of the gods that will lead to change in the output and increase in the demand values of the product and services. And is equal to the price the company charges form the buyers.

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2 years ago

Garage Specialty Corporation manufactures joint products P and Q. During a recent period, joint costs amounted to $80,000 in the

goblinko [34]

Answer:

Option B,$62,400 is correct

Explanation:

Firstly,we need to determine the sales of each joint product if sold after the split off point as follows:

Sales value of P=20,000*$2.20=$44,000

sales value of Q=60,000*$2.60=$156,000

total sales value =$200,000

joint cost is $80,000

joint cost allocated to Q=total joint cost*Q sales value/total sales value

=$80,000*156,000/200,000=$62,400

Out of the $80,000 joint cost incurred by both joint products,Q would be allocated $62,400

7 0

2 years ago

This inventory system requires a physical inventory count to be made at least once during the year. Answer 1 This inventory syst

juin [17]

Answer:

Answer 2 : This inventory system computes and records costs of goods sold at the end of the period.

Explanation:

The time at which records of costs of goods sold is done determines a company`s inventory system.

Two inventory systems exist which companies can use in their business which are Periodic and Perpetual inventory systems.

Periodic Inventory System

In this system recording of cost of goods sold is done at the end of a certain period.It could be after a week, month or year.This is the type is system that is being explained in the question.

Perpetual

The other is the other system of recording cost of goods sold. In this system cost of goods sold is computed at end of each sale ( at the time of sale)

Hence it is important to note when the count of inventory is done. If at the end of a period then its Periodic and when count is done after every sale then that is Perpetual.

7 0

3 years ago

Information regarding the defined benefit pension plan included the following for 2018 ($ in millions): Plan assets, January 1 $

denis-greek [22]

Answer:

$10 million

Explanation:

We know that

Actual return can be found at using the formula:

Beginning balance ($70) + actual return (?) + contributions ($42) - retiree benefits paid ($17) = ending balance ($105) [in millions]

from the above formula after putting values can get the value of actual return as $10 million.

8 0

3 years ago